Zhejiang Jingu Co Ltd: Recent Developments and Financial Overview

Zhejiang Jingu Co Ltd, a prominent player in the automobile components sector, has recently made headlines with significant developments. The company, which specializes in manufacturing and selling steel wheels, has seen notable financial activities and strategic partnerships.

Financial Highlights

As of May 19, 2025, Zhejiang Jingu Co Ltd’s stock closed at 14.4 CNH on the Shenzhen Stock Exchange. The company’s market capitalization stands at 13,580,000,000 CNH. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of 15.25 CNH on March 20, 2025, and a low of 4.12 CNH on July 24, 2024. The price-to-earnings ratio is currently 900.33, indicating a high valuation relative to its earnings.

Recent Financial Activity

On May 19, 2025, Zhejiang Jingu Co Ltd received significant investment interest, with 1,086.83 million CNH in financing buy-ins. This amount represents 17.27% of the total buy-in volume for the day. The company’s financing balance now stands at 5.14 billion CNH, accounting for 4.01% of its circulating market value. This level exceeds the historical 90th percentile, suggesting heightened investor interest.

Strategic Partnership

In a major strategic development, Zhejiang Jingu Co Ltd announced on May 19, 2025, that it has received a notification from a leading global new energy vehicle enterprise to serve as a designated supplier. The company will develop wheel products for the enterprise’s flagship sedan model. This marks a continuation of their collaboration, following an initial project designation in 2024.

These developments highlight Zhejiang Jingu Co Ltd’s growing influence in the new energy vehicle sector and its strong financial backing, positioning it as a key player in the automobile components industry. For more detailed information, stakeholders can refer to the company’s official announcements and financial disclosures.