Zhejiang Yonghe Refrigerant Hits Day Low Amid Price Pressure at CNY 31.18

Zhejiang Yonghe Refrigerant Co., a prominent player in the specialty chemicals sector, experienced a notable decline of 3.27% on June 9, 2026, hitting an intraday low of CNY 31.18. This performance comes amid a contrasting trend in the broader market, as the China Shanghai Composite index rose by 1.28% on the same day. Over the past week, Zhejiang Yonghe has faced a more significant downturn, with a 10.96% drop, while the Shanghai Composite saw a modest decline of 1.6%. However, the company has shown resilience in the longer term, boasting a 43.83% increase over the past year, significantly outperforming the Shanghai Composite's 17.95% gain. Financially, Zhejiang Yonghe has reported impressive metrics, including a net profit growth of 485.77% and a robust operating cash flow of CNY 822.49 million. The company's return on equity stands at 10.95%, with a price-to-book ratio of 2.78, indicating a fair valuation in the current market landscape. Despite the recent dip, the company remains a notable performer within its industry.