China Stock of the Day | Kabutaro & Friends

Shenyang Blower Works Group (Shengu Group) <601091>, a Shenyang state-owned maker of large equipment including centrifugal and reciprocating compressors and nuclear reactor main pumps, was the Chinese stock most talked about online on September 18, 2026.
Background: The company listed on the Shanghai Stock Exchange main board on September 17 at an IPO price of 4.39 yuan and closed its debut day up 373.8% at 20.80 yuan. On its second trading day, September 18, it opened 28% below the prior close, then rebounded sharply, at one point rising more than 297% intraday, prompting the Shanghai exchange to suspend trading accounts flagged for abnormal activity. It closed at 57.77 yuan (+177.74%), with a market capitalization of about 180 billion yuan. In its own risk announcement, the company disclosed a static P/E ratio of 242.96x (versus an industry average of 41.74x) and a price-to-book ratio of 26.06x (versus 3.50x), warning of the risk of a sharp pullback after the rapid short-term rally.