Zhongfu Straits Hits Day High with Strong 4.49% Intraday Surge

Zhongfu Straits (Pingtan) Development Co., Ltd. has experienced a notable increase of 4.49% on February 24, 2026, reaching an intraday high of CNY 11.08. This performance stands in contrast to the broader market, as the China Shanghai Composite index declined by 1.26% on the same day. Despite this day's positive movement, the stock has faced challenges over the past week, with a decrease of 5.94%. Over the past month, Zhongfu Straits has seen a significant decline of 29.07%, reflecting broader trends in the market. However, the company has shown remarkable resilience over the past year, boasting an impressive 270.51% increase, significantly outperforming the China Shanghai Composite's 22.49% gain. Zhongfu Straits operates within the Paper, Forest & Jute Products industry and holds a market capitalization of CNY 20,288 million. While the stock has demonstrated strong long-term growth, with a 399.09% increase over the past five years, it has also faced challenges, including negative net worth and low management efficiency metrics. Investors will be closely monitoring the company's performance as it navigates these complexities.