Zhejiang Yonghe Stock Hits Day High with Strong Intraday Performance

Zhejiang Yonghe Refrigerant Co., a prominent player in the specialty chemicals sector, has shown significant activity today, achieving a notable gain of 3.2%. The stock reached an intraday high of CNY 28.60, reflecting its strong market performance. Over the past year, Zhejiang Yonghe has outperformed the broader market, generating a remarkable return of 72.0%, compared to the China Shanghai Composite's 25.1%. This impressive performance is underpinned by a substantial net profit growth of 130.55% reported in June, alongside positive results for the last two consecutive quarters. Key financial metrics highlight the company's robust position, with an operating cash flow reaching CNY 811.46 million and a debtors turnover ratio of 6.24%. The company's return on equity stands at 8.67%, supported by a price-to-book ratio of 2.21, indicating a fair valuation. Zhejiang Yonghe's year-to-date performance is also noteworthy, with a 39.6% increase, significantly outpacing the China Shanghai Composite's 15.24%. As a large-cap entity with a market capitalization of CNY 10,481 million, the company continues to demonstrate resilience and strong operational metrics in the specialty chemicals industry.