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001696
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Shanghai Composite
Over the past 12 months, Chongqing Zongshen Power Machinery Co Ltd has underperformed Shanghai Composite, delivering a return of +4% compared to the Shanghai Composite's +25% growth.
Stocks Performance
001696 vs Shanghai Composite
Performance Gap
001696 vs Shanghai Composite
Performance By Year
001696 vs Shanghai Composite
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Chongqing Zongshen Power Machinery Co Ltd
Glance View
Chongqing Zongshen Power Machinery Co Ltd, founded in the bustling metropolis of Chongqing, China, has carved out a significant niche within the power machinery sector. The company started as a modest enterprise but swiftly built its reputation by producing reliable and high-performance engines. With a strategic focus on diversification, Zongshen Power expanded its product lines to include a variety of internal combustion engines. These are primarily used in motorcycles, boats, and other small machinery. The company's success rests on its ability to produce goods that meet the evolving demands of consumers seeking efficiency and reliability. With a sprawling production capacity, it combines advanced manufacturing techniques with cutting-edge technology, ensuring that its engines remain competitive both in domestic and international markets. Beyond manufacturing engines, Zongshen Power has embraced a comprehensive strategy that involves vertically integrating its operations and forming strategic partnerships. By doing so, the company not only controls the quality and supply chain of its products but also taps into diverse revenue streams. Its foray into new energy products, such as lithium battery systems and electric motors, displays a strategic shift toward sustainable technologies. This transition doesn’t merely capitalize on the burgeoning demand for eco-friendly solutions but also aligns with global trends toward reducing carbon emissions. Consequently, Zongshen Power leverages its robust manufacturing foundation and continuous innovation to not only generate engine-related revenue but also to strategically position itself as a key player in the increasingly important green technology space.
