Zhejiang Renzhi Hits Day High with Strong 7.75% Intraday Surge

Zhejiang Renzhi Co., Ltd., a small-cap player in the oil industry, has experienced a notable surge in its stock price, gaining 7.75% on February 24, 2026. The stock reached an intraday high of CNY 6.78, marking a significant milestone for the company amidst a challenging market environment. In terms of performance metrics, Zhejiang Renzhi has shown resilience over the past year, with a remarkable 42.83% increase compared to the China Shanghai Composite's 22.49%. However, the company's performance over the month has been less favorable, with a decline of 1.62%. Year-to-date, the stock has seen a decrease of 2.2%, contrasting with the Shanghai Composite's positive performance of 2.85%. Despite the recent uptick, the company faces challenges, including high debt levels and operating losses. The debt-to-equity ratio stands at 0.61, and the company has reported a significant drop in operating profit. Nevertheless, the stock's recent activity highlights its current market dynamics and the ongoing fluctuations within the oil sector.