Corporate News – Gem (002340.SZ)
Market Snapshot (24‑hour Period Ending 23 Nov 2026, 21:52 CET)
| Item | Value |
|---|---|
| Closing price | CN¥ 5.89 |
| Daily change | 0 % |
| Trading volume (last 24 h) | CN¥ 237 million |
| Shares outstanding | 5.10 billion |
| Market capitalization | CN¥ 4.20 billion |
| 52‑week high | CN¥ 10.18 (26 Jan 2026) |
| 52‑week low | CN¥ 5.80 (22 Oct 2026) |
| 200‑day simple moving average | CN¥ 6.65 |
| Month‑to‑month performance | –6.75 % |
Recent Corporate Development
Gem Co., Ltd. has announced the establishment of a new manufacturing plant in Texas, United States. The facility will produce battery modules and systems on a large scale, expanding the company’s overseas production capacity. This initiative is part of a broader strategy to:
- Shift from exporting finished products to local manufacturing in key markets.
- Enhance supply‑chain resilience and reduce reliance on imported components.
- Deepen engagement with global customers, particularly in the electric‑vehicle and energy‑storage sectors.
- Strengthen the company’s position in international markets while maintaining a focus on sustainable growth and technological advancement.
Related Stock Performance (Last 24 Hours)
| Ticker | Current price (CNY) | Market cap (CNY) | Notes |
|---|---|---|---|
| 002953.SZ (Guangdong Rifeng Electric) | 9.42 | 4.6 bn | Flat 0 % |
| 300061.SZ (Qitian C) | 6.78 | 4.6 bn | Flat 0 % |
| 688330.SS (Shanghai Holystar Electric) | 33.26 | 4.6 bn | Flat 0 % |
| 688320.SS (Zhejiang Hechuan Technolog) | 33.15 | 4.6 bn | Flat 0 % |
| 300569.SZ (Qingdao Tianneng Heavy Ind) | 4.52 | 4.6 bn | Flat 0 % |
Key Ratios
- Guangdong Rifeng Electric: P/E = 39.28
- Qingdao Tianneng Heavy Ind: P/E = 49.01
- Shanghai Holystar Electric: P/E = 6.14
Company Profile
Gem Co., Ltd. is headquartered in Shenzhen, China, and specializes in the processing and distribution of recyclable materials. Its product lines include:
- Electronic waste crushing materials
- Scrapped car components
- Scrapped battery materials
- Other recyclable products
The company also operates import and export businesses. Gem went public on 22 January 2010 and is listed on the Shenzhen Stock Exchange. Further information is available on the company’s website: www.gemchina.com .
