Zhejiang Wazam Stock Hits Day Low of CNY 143.37 Amid Price Pressure

Zhejiang Wazam New Material Co., Ltd. experienced significant volatility on July 20, 2026, with the stock hitting an intraday low of CNY 143.37, reflecting a decline of 10.0% for the day. This performance stands in contrast to the China Shanghai Composite, which gained 0.85% during the same period. Over the past week, the stock has dropped 10.91%, while its monthly performance shows a substantial decline of 39.79%. Despite these short-term challenges, Zhejiang Wazam has demonstrated remarkable long-term growth, boasting a 356.16% increase over the past year. The company has also outperformed the China Shanghai Composite across various time frames, including a 325.05% rise over three years. Financial metrics indicate a market capitalization of CNY 19,150 million, with a P/E ratio of 66.00 and a debt-to-equity ratio of 0.99. The company reported a pre-tax profit of CNY 18.94 million, reflecting a growth of 225.28%. However, the average return on capital employed (ROCE) stands at a modest 2.82%, highlighting areas for potential improvement in long-term financial strength.