Shandong Hi-tech Spring Material Technology Co Ltd: Market Overview and Recent Developments

Shandong Hi-tech Spring Material Technology Co Ltd, a company listed on the Shenzhen Stock Exchange, has been a notable player in the Chinese market. As of June 19, 2025, the company’s close price stood at 23.52 CNY, matching its 52-week high. The 52-week low was recorded at 10.86 CNY on August 25, 2024. The market capitalization of the company is 3,638,555,527 CNY.

Market Dynamics and Sector Performance

On June 20, 2025, the broader market experienced a mixed performance. The Shenzhen Composite Index saw a slight decline of 0.47%, closing at 10,005.03 points, while the ChiNext Index fell by 0.84%, ending at 2,009.89 points. The total trading volume across the North, Shenzhen, and ChiNext markets was 109,190 billion CNY, a decrease of nearly 1,900 billion CNY from the previous day.

Sector Highlights

  • Oil and Gas: The oil sector, which had been strong recently, saw a decline with companies like Tongyuan Oil and Keli Group falling by approximately 13%, and Bekun Energy hitting a lower circuit.
  • Alcohol: The alcohol sector rebounded, with companies like Hengtai Wine and Yingjia Gaojiu rising by over 7%.
  • Banking and Insurance: The banking and insurance sectors saw gains, with Hangzhou Bank, Pudong Bank, and Nanjing Bank reaching new highs.
  • Shipping and Lithography: The shipping concept gained strength, with Ningbo Yunda, Xingtong Group, and Baoshui Technology hitting the upper limit. The lithography concept also saw a rise, with Qiangli Xincai and Jingrui Dianmai increasing by over 10%.
  • Solid-State Batteries: The solid-state battery concept was particularly active, with Haikexinyuan and Kehong Group hitting the upper limit, and Zhongyi Technology rising by over 18%.

New Listings and High Turnover

The newly listed company C New Union on the ChiNext board saw a significant rise of 229%, with a peak increase of 290.6%, resulting in a single transaction profit exceeding 18,000 CNY. The turnover rate for the ChiNext board was 3.63%, with 37 stocks exceeding a 20% turnover rate, including C New Union with a turnover rate of 78.32%.

Solid-State Battery Sector

The solid-state battery sector has been a focal point, with multiple industry conferences scheduled, including the Fifth China International Solid-State Battery Technology Conference and the First Lithium Sulfide and Sulfide Solid-State Battery Forum. Companies like Guoxuan High-Tech and Qingtao have made significant advancements, with the former completing its first full solid-state trial line and the latter receiving environmental assessment approval for a 15GWh solid-state battery project in Chengdu.

Conclusion

Shandong Hi-tech Spring Material Technology Co Ltd remains a key player in its sector, with the broader market showing varied performance across different sectors. The solid-state battery sector, in particular, is poised for growth with significant industry developments and company advancements.