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Shanghai Composite
Over the past 12 months, Zhengzhou Coal Mining Machinery Group Co Ltd has significantly outperformed Shanghai Composite, delivering a return of +92% compared to the Shanghai Composite's +23% growth.
Stocks Performance
601717 vs Shanghai Composite
Performance Gap
601717 vs Shanghai Composite
Performance By Year
601717 vs Shanghai Composite
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Zhengzhou Coal Mining Machinery Group Co Ltd
Glance View
Zhengzhou Coal Mining Machinery Group Co., Ltd, hailing from the heart of China's industrial landscape, is a company deeply rooted in the world of heavy machinery, serving as the bedrock for the coal mining industry. Established in 1958, this enterprise has woven itself into the fabric of China's economic tapestry by specializing in the research, development, and production of coal mining and excavating equipment. The company has become a linchpin for coal miners, offering an expansive suite of products that include hydraulic roof supports, armored-face conveyors, and electrical control systems. These products serve the essential function of extracting coal efficiently and safely from the earth, enabling the heavily relied-upon sector of energy production to continue thriving in a country that boasts some of the largest coal reserves in the world. The lifeblood of Zhengzhou Coal Mining Machinery Group revolves around its ability to innovate and adapt to an ever-changing industry. As China, and indeed the world, began to shift its gaze towards more sustainable energy sources, the company has diversified its portfolio to remain a formidable player on the global stage. Besides catering to the coal mining industry, it has ventured into producing auto parts, extending its technological craftsmanship to the automotive sector and effectively broadening its revenue streams. Thus, while its historical core lies in coal mining machinery, Zhengzhou Coal Mining Machinery Group is astutely navigating the tempestuous waters of modern industry trends by embracing technology development and diversification, therefore shaping itself as a resilient player in delivering essential machinery components across multiple sectors.
