Analysis of Strong Performance of Shenjian Co., Ltd. (002361): Driving Factors and Sustainability Judgment

The recent strong performance of Shenjian Co., Ltd. (002361) is mainly stimulated by

. On December 24, 2025, the 3rd Commercial Aerospace Development Conference was held in Beijing, where it was announced that China’s first 2 billion yuan commercial aerospace social special fund would be established, and the “Star Bright Future” commercial aerospace talent training program would be launched [2]. These measures have boosted market confidence in the development prospects of the commercial aerospace field and driven the overall strength of the sector. As a specialty chemical enterprise, Shenjian Co., Ltd.'s polyester resin products can be used in the manufacturing of aerospace composite materials, so it is regarded by investors as a beneficiary target of the sector [2].

From a technical perspective, the stock has seen significant gains recently: a 110.05% increase in the past month, a 71.04% increase in the past 5 days, and a closing price of $13.17 on December 26, 2025, up 10.03% from the previous day [0]. In terms of trading volume, it increased significantly in the early stage of consecutive daily limit-ups (e.g., December 23-24: 336.54M on the 23rd, 259.86M on the 24th), but fell back to 12.68M on December 26 (below the average of 49.28M) [0]. Technical indicators show that the stock is in an upward trend, with resistance at the current price of $13.17, support at $9.14, and the next target price at $13.73, but both KDJ and RSI indicate overbought risks [0].

In terms of fundamentals, the company’s core financial indicators are weak: the P/E ratio is as high as 360.28, ROE is only 1.56%, and the net profit margin is 1.38%, so the current valuation lacks fundamental support [0]. In addition, the company’s main business is the production and sales of polyester resin, and its direct business correlation with the commercial aerospace field is limited. The stock price rise relies more on sector sentiment rather than substantive improvement in its own business.

1. Sector Linkage Effect
   : Policy利好 in the commercial aerospace sector is transmitted through the industrial chain of “aerospace composite materials → polyester resin”, indirectly driving the stock price of Shenjian Co., Ltd. up, reflecting the linkage of theme investment in the A-share market.
2. Sentiment-Driven Characteristics
   : After the trading volume increased in the early stage of consecutive daily limit-ups, it quickly fell back, combined with overbought technical indicators, indicating that the current rise is more dominated by short-term speculative sentiment rather than long-term investment logic.
3. Valuation and Fundamental Deviation
   : Extremely high P/E and extremely low ROE reflect that the stock price rise has deviated from the company’s fundamentals. If the sector popularity fades, the stock price correction pressure will be greater.

• Main Risks
  :
  1. Short-Term Correction Risk
     : Technical indicators are overbought, trading volume is shrinking, and the possibility of short-term stock price correction is high [0];
  2. Valuation Bubble Risk
     : Fundamentals are difficult to support the current 360x P/E, and the risk of valuation bubble bursting is large [0];
  3. Insufficient Business Correlation
     : Limited direct business correlation with commercial aerospace, lack of sustained upward momentum after the sector popularity fades.
• Potential Opportunities
  : If favorable policies continue to be introduced in the commercial aerospace field or the industry achieves breakthrough development, the sector popularity may be maintained, and the company’s stock price may still have short-term performance space.

The recent strong performance of Shenjian Co., Ltd. (002361) is driven by policy利好 in the commercial aerospace sector. Technically, it is in an upward trend but has obvious overbought signals. Fundamentals are weak and direct business correlation with the aerospace field is limited. The current rise relies more on sector sentiment, and the risk of short-term correction is high. Investors need to pay attention to changes in technical indicators and sector policy dynamics.