Zhejiang Sling Automobile Bearing Co Ltd: Stock Surge and Financial Movements

Zhejiang Sling Automobile Bearing Co Ltd, a prominent Chinese company specializing in automotive parts, particularly steering gears, experienced significant stock market activity recently. Listed on the Shenzhen Stock Exchange, the company saw its stock price reach a historical high on May 27, 2025.

On this date, the company’s stock price surged by 6.32%, closing at 107.28 CNY, marking a new peak in its trading history. This increase follows a period of fluctuation, with the stock reaching a 52-week high of 152 CNY on March 6, 2025, and a low of 34.59 CNY on September 17, 2024. The company’s market capitalization stands at 15,440,699,337 CNY, with a price-to-earnings ratio of 83.2003.

In addition to the stock price surge, Zhejiang Sling Automobile Bearing Co Ltd received significant financial attention. On May 26, 2025, the company was the subject of a substantial margin purchase, with 59,886.89 CNY worth of shares bought on margin. This accounted for 23.07% of the day’s total buy-in amount, pushing the company’s margin balance to 6.49 billion CNY, which represents 6.60% of its circulating market value. This margin balance exceeds the historical 90th percentile level.

Conversely, the company also faced potential share sell-offs. On the same day, multiple shareholders, including major stakeholders holding over 5% of the shares, announced plans to sell a total of 216,900 shares. This represents approximately 1.3599% of the total share capital.

These financial movements highlight the dynamic nature of Zhejiang Sling Automobile Bearing Co Ltd’s market presence, reflecting both investor confidence and strategic financial maneuvers. The company’s primary business remains focused on the research, development, manufacturing, and sales of automotive bearings, including hub bearing units and conical bearings.

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