Zhongchao shares surge 10.25% intraday as subsidiary Jiangsu Jingzhu highlights aerospace-grade alloy casting capabilities.

Zhongchao Holdings (002471.SZ) surged 10.25% during intraday trading following an announcement that its subsidiary, Jiangsu Jingzhu, specializes in high-temperature alloy precision castings for aerospace, marine gas turbines, and medical applications. The company highlighted its independently developed precision molding technology and collaborations with key aerospace entities, including the China Aerospace Science and Industry Corporation Rocket and the Shanghai Space Propulsion Research Institute. These disclosures underscored the subsidiary’s strategic role in critical industrial sectors, likely attracting investor confidence in the firm’s technical capabilities and market positioning. The sharp intraday gain aligns with the perceived value of its advanced manufacturing expertise and partnerships in high-growth industries.