Afternoon "20cm" Daily Limit Up! 688295 Stock Price Reaches New High

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On the afternoon of March 17, the A-shares chemical fiber sector surged rapidly, with Zhongfu Shenying (688295) hitting the daily limit, closing at 59.40 yuan per share, setting a new historical high. Jilin Carbon Valley, Jilin Chemical Fiber, Huilong New Materials, and others also rose sharply.

On March 11, China National Building Material Group held a simultaneous global launch of SYT80 (T1200 grade) ultra-high-strength carbon fiber at its Beijing headquarters and the JEC World exhibition in Paris, France. This marked the company’s successful independent development and industrialization of this product. (See: “20cm” limit-up followed by risk warning for 688295)

Zhongfu Shenying has broken through the engineering technology for T1200-grade ultra-high-strength carbon fiber, with a strength exceeding 8,000 MPa, making it the world’s first company capable of mass-producing T1200-grade carbon fiber (hundred-ton level). This is a milestone event in China’s new materials field.

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