Anhui Tongguan Copper Foil Hits Day Low at CNY 27 Amid Price Pressure

Anhui Tongguan Copper Foil Group Co., Ltd. experienced a significant decline today, with its stock price dropping by 7.21%. The stock reached an intraday low of CNY 27.00, reflecting ongoing challenges within the company. Over the past week, the stock has decreased by 5.7%, contrasting with a slight gain of 0.37% in the China Shanghai Composite index.
In terms of longer-term performance, Anhui Tongguan has shown a remarkable increase of 171.18% over the past year, significantly outperforming the Shanghai Composite's 18.02% gain. However, the company's financial metrics indicate underlying issues, including a low Return on Capital Employed (ROCE) of 5.10% and negative operating profits. The company has reported negative results for the last 11 consecutive quarters, with a net profit of CNY -48.19 million and an operating cash flow of CNY -602.84 million.

Despite its large market capitalization of CNY 6,933 million, the company faces challenges in profitability and growth, as evidenced by its annual net sales growth rate of only 8.05% and a concerning decline in operating profit.