600710
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Shanghai Composite
600710
Over the past 12 months, Sumec Corp Ltd has outperformed Shanghai Composite, delivering a return of +35% compared to the Shanghai Composite's +25% growth.
Stocks Performance
600710 vs Shanghai Composite
Performance Gap
600710 vs Shanghai Composite
Performance By Year
600710 vs Shanghai Composite
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Sumec Corp Ltd
Glance View
Sumec Corp Ltd., a subsidiary of China National Machinery Industry Corporation (Sinomach), began its journey as a small textile trading company in Nanjing, China. Over the years, it smartly diversified its portfolio, gradually transforming into a formidable player in the global investment and trade arena. At its core, Sumec is an investment and trading conglomerate, leveraging decades of industrial expertise to facilitate cross-border transactions and industrial projects. The company's operations span various sectors, including textiles, machinery and electrical equipment, shipbuilding, and even real estate, showcasing its adaptive business strategies and broad market reach. Sumec generates revenue through a carefully orchestrated blend of importing, exporting, and manufacturing activities, often integrating these sectors to enhance efficiency and profitability. In the machinery domain, for instance, it not only supplies equipment but also provides comprehensive project solutions, ensuring a steady stream of income from consultancy and after-sales services. The textiles arm continues to thrive, concentrating on quality fabric production and international trade. By strategically aligning itself with global market demands and maintaining a sharp focus on sustainability and innovation, Sumec has carved out a robust, multi-channel business model that ensures steady revenue growth and mitigates risk through diversification.
