Corporate News Update – Chongqing Zongshen Power (001696.SZ)
Trading Overview
Chongqing Zongshen Power closed flat, with no change in price during the 24‑hour period ending 08:41 PM Central Europe on Thursday 22nd.
The stock trades at approximately CNY 14.65 on major exchanges.
Total shares outstanding stand at 1.2 billion, giving the company a market capitalization of CNY 18.1 billion.
In the last 24 hours, roughly CNY 1 billion of shares changed hands, reflecting a modest trading volume relative to its scale.
Since the close of the previous month, the share price has fallen 4.65 %.
The 200‑day simple moving average sits at CNY 16.82, indicating that the current price lies below a key medium‑term support level.
Over the past 52 weeks, the stock’s high was CNY 25.86 (recorded 03/09/2026), and its low was CNY 13.57 (07/30/2026), underscoring a pronounced range of volatility.
Sector Context
The broader computing‑hardware sector experienced a decline on October 22, affecting multiple peers such as New Ease, Zhongji Xuchuang, Huasheng Chang, Cambridge Technology, De Koli, Yuanjie Technology, Chang Guang Huaxin, and Hui Lv Ecology.
Chongqing Zongshen Power’s share price moved in line with this trend, reflecting a broader weakening sentiment within the hardware‑concept segment.
No new corporate actions or material developments were reported for the company during the observation window.
Peer Performance Snapshot (24‑hour)
Ticker Current Price (CNY) Market Cap (CNY) P/E Ratio Zhuzhou Smelter L (600961.SS) 19.57 21.5 billion 8.95 Lepu Medical (300003.SZ) 12.02 21.4 billion 28.46 Hui Lyu Ecological Technol (001267.SZ) 25.78 21.3 billion 468.38 Tsinghua Tongfang (600100.SS) 6.37 21.4 billion 88.3 Sai Microelectronics (300456.SZ) 28.6 21.7 billion 5.24
Sai Microelectronics also reported a mid‑year revenue of CNY 1.78 billion and a net profit attributable to shareholders of CNY 27.02 billion, alongside a significant pledge release by controlling shareholder Yang Yunchun.
- Company Profile Chongqing Zongshen Power Machinery Co Ltd. is headquartered in Chongqing and specializes in the design, manufacturing, and sale of thermodynamic machinery components. Its product portfolio includes motorcycle engines, minicar engines, speedboat engines, and general‑purpose machinery. The company listed on the Shenzhen Stock Exchange in 1989 and maintains a robust online presence at www.zse.cc .
