Huazheng New Material Hits Third Consecutive Limit-Up; Market Cap RMB 20.577 Billion; First-Half Net Profit Up
Huazheng New Material, a Chinese maker of advanced materials, hit its third consecutive daily limit-up on August 6, lifting its A-share market capitalization to RMB 20.577 billion. The company projects first-half net profit to surge 263%-380% year-on-year. During the consecutive limit-up streak, the stock rose 33.1%, with a cumulative turnover rate of 24.36%. As of 10:32, shares traded at RMB 131.24, with a turnover rate of 7.7%.
On August 6, Huazheng New Material hit the daily limit-up during trading, marking its third consecutive limit-up close. As of 10:32, the stock was trading at RMB 131.24, with a turnover rate of 7.7%, volume of 12.0685 million shares, transaction value of RMB 1.52 billion, and a limit-up order backlog of RMB 153 million. During the consecutive limit-up period, the stock has accumulated a gain of 33.1% and a cumulative turnover rate of 24.36%. The latest total A-share market capitalization reached RMB 20.577 billion. Zhejiang Huazheng New Material Co. , Ltd. was established on March 6, 2003, with a registered capital of RMB 156.790518 million. Based on recent trading data: on August 5, the stock rose 10% with a turnover rate of 9.11%; on August 4, it rose 10% with a turnover rate of 7.55%; on August 3, it fell 8.7%; on July 31, it rose 6.07%; on July 30, it fell 9.44%; on July 29, it fell 7.61%; on July 28, it fell 10%; on July 27, it rose 8.59%; on July 24, it fell 6.78%; and on July 23, it fell 3.78%.