A-Share 2025 Top 9 Provinces by Market Cap Growth: Shandong's Growth Relies on Zhongji Innolight, Whose Stock Quadrupled and Contributed 40% of the Increment

Deep News2025-12-31

In 2025, the market capitalization increase for A-share listed companies in Shandong Province reached 1,276.4 billion yuan, representing a growth of 34.40% compared to the beginning of the year. Zhongji Innolight Co.,Ltd. served as the core driver of this market cap growth, with its market value increasing by 539.3 billion yuan during the year, a surge of 389.46%, contributing 42.25% of the province's total market cap increment. The other four companies in the top five—Shandong Gold, Jereh Group, Weichai Power, and RemeGen—each saw their market cap increases fall below 80 billion yuan, with individual contributions to the province's total growth not exceeding 7%. The companies that experienced the most significant market capitalization contraction in Shandong Province were Tsingtao Brewery, Haier Smart Home, Yankuang Energy, Dong-E-E-Jiao, and Shandong Publishing, although the decline in their market value did not exceed 30 billion yuan for any single entity.

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