Zhejiang Yonghe Refrigerant Hits Day Low Amid Price Pressure, Shares at CNY 32.48

Zhejiang Yonghe Refrigerant Co., a prominent player in the specialty chemicals sector, experienced a notable decline of 4.9% on June 8, 2026, reaching an intraday low of CNY 32.48. This performance comes amid a broader market context, with the China Shanghai Composite index down by 1.7% on the same day. Despite today's downturn, Zhejiang Yonghe has shown resilience over the past year, boasting a remarkable return of 47.35%, significantly outperforming the Shanghai Composite's 16.95% gain. The company has also reported impressive financial metrics, including a net profit growth of 485.77% and a robust operating cash flow of CNY 822.49 million, indicating strong operational efficiency. In terms of valuation, the stock maintains a price-to-book ratio of 2.88 and a return on equity of 8.67%, reflecting a fair valuation in the current market landscape. While the stock has faced challenges in the short term, its long-term performance indicators suggest a solid foundation within the specialty chemicals industry.