Jinlongyu Group Co Ltd: Market Movements and Financial Overview

On May 26, 2025, the Shenzhen Stock Exchange witnessed a collective low opening among its major indices. The Shanghai Composite Index fell by 0.05% to 3346.56 points, while the Shenzhen Component Index dropped by 0.17% to 10114.69 points. The ChiNext Index, which includes smaller, high-growth companies, decreased by 0.25% to 2016.37 points.

In terms of individual stocks, 1963 shares saw an increase at the opening, with 10 hitting the daily price limit. Notably, *ST Yushun, *ST Sailong, and Suzhou Longjie were among the stocks that reached their daily price limits. Conversely, 2436 shares declined, with companies like Bangyan Technology, Shaanxi Natural Gas, and Union Chemical leading the downturn.

Jinlongyu Group Co Ltd, a company specializing in the production and distribution of various cable products, is listed on the Shenzhen Stock Exchange. As of May 21, 2025, the company’s closing price was 21.22 CNH, with a 52-week high of 23.01 CNH and a low of 12.8 CNH. The market capitalization stood at 9.19 billion CNH, with a price-to-earnings ratio of 65.06.

In recent trading sessions, Jinlongyu Group’s stock, along with others in the electrical equipment sector, experienced significant volatility. On May 23, 2025, Jinlongyu Group’s stock, under the ticker 002882, reached its daily price limit, closing with a 9.99% increase at 23.34 CNH. This marked the fifth time in the past year that the stock hit its daily price limit.

The surge in Jinlongyu Group’s stock was attributed to advancements in its research and development of solid-state battery technology and related key materials. The company has reportedly made progress in these areas, with some materials already sent to clients for evaluation.

This period of heightened activity in the stock market reflects broader trends in the industrial sector, particularly in areas like solid-state batteries, drones, and electrical cables, which have seen increased investor interest. Jinlongyu Group’s performance is indicative of the dynamic nature of the market, driven by technological advancements and strategic developments within the company.