Shandong Kaisheng New Mate (301069.SZ) Trading Update – Corporate News
- Price Movement: The stock closed flat, with a 0 % change during a 24‑hour period ending at 07:52 PM Central Europe on Tuesday 20 October 2026.
- Current Price: The share trades at approximately CNY 17.34 on popular exchanges.
- Market Capitalisation: The company’s market value is CNY 7.6 billion.
- Volume and Supply:
- Total shares outstanding: 433.9 million.
- 24‑hour trading volume: CNY 324.4 million worth of shares.
- Recent Performance: Since the end of last month, the share price has increased by 7.08 %.
- Technical Indicators:
- 200‑day simple moving average: CNY 17.91.
- 52‑week high: CNY 33.85 (recorded on 14 November 2025).
- 52‑week low: CNY 14.52 (recorded on 21 July 2026).
Comparative Performance of Related Stocks (24‑Hour Overview)
| Stock | 24‑Hour Change | Current Price (CNY) | Market Capitalisation (CNY) |
|---|---|---|---|
| Chongqing Millison Technol (301307.SZ) | 0 % | 43.23 | 9 billion |
| Visionox (002387.SZ) | 0 % | 6.44 | 9 billion |
| Zhejiang Communications Te (002061.SZ) | 0 % | 3.31 | 9 billion |
| Chengdu Fusen Noble‑House (002818.SZ) | 0 % | 12.05 | 9 billion |
| Beijing Bei Mo Gao Ke Fric (002985.SZ) | 0 % | 27.25 | 9.1 billion |
- Price‑to‑Earnings Ratios:
- Zhejiang Communications Te: 10.55
- Chengdu Fusen Noble‑House: 10.73
- Beijing Bei Mo Gao Ke Fric: 40.72
Industry Development: Automotive Braking Technology
A Chinese automotive component manufacturer has announced that its newly developed carbon‑ceramic brake discs are now supplied to a domestic electric vertical‑take‑off vehicle manufacturer. Key points:
- The discs are substantially lighter than conventional iron units, providing enhanced heat tolerance and durability for high‑performance braking requirements.
- Production capacity has been expanded to 400,000 units per year.
- The company aims to reduce costs and improve margins to facilitate broader adoption in high‑performance passenger vehicles.
- This initiative aligns with industry efforts to transfer advanced braking technology from high‑end sports cars to mainstream electric and hybrid fleets, focusing on weight reduction, performance, and affordability.
Company Profile
Shandong Kaisheng New Materials Co., Ltd. is a Chinese enterprise listed on the Shenzhen Stock Exchange, engaged in the production and sale of new material technologies.
