600724
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Shanghai Composite
600724
Over the past 12 months, Ningbo Fuda Co Ltd has underperformed Shanghai Composite, delivering a return of -5% compared to the Shanghai Composite's +26% growth.
Stocks Performance
600724 vs Shanghai Composite
Performance Gap
600724 vs Shanghai Composite
Performance By Year
600724 vs Shanghai Composite
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Ningbo Fuda Co Ltd
Glance View
In the industrial heartland of Ningbo, a city celebrated for its vibrant manufacturing prowess, Ningbo Fuda Co Ltd has carved out a formidable niche with a blend of innovative spirit and traditional craftsmanship. Established amid the bustling economic reforms of China's economic rise, the company has grown into a significant player in the automotive parts industry. Specializing in forging aluminum wheels, which are both lightweight and robust, Ningbo Fuda has aligned itself with the burgeoning demand for high-performance vehicle components, driven by the global shift towards fuel efficiency and electric vehicles. This alignment has allowed the company to integrate seamlessly within the ever-evolving supply chains of major automobile manufacturers, both domestically and internationally. Ningbo Fuda's strategic focus on quality and precision engineering has fueled its growth trajectory, securing contracts with renowned automotive giants. They have invested heavily in cutting-edge technology and skilled manpower, positioning themselves as a preferred supplier for OEMs. The company's revenue streams are bolstered by a diversified product portfolio and an export strategy that taps into established markets across North America, Europe, and emerging economies in Asia. By continually innovating its product offerings and strengthening relationships across the automotive sector, Ningbo Fuda Co Ltd not only generates substantial revenue but ensures its resilience amidst the fluctuating dynamics of the global automotive market.
