Beijing Haitian Ruisheng Hits Day Low at CNY 136.99 Amid Price Pressure

Beijing Haitian Ruisheng Science Technology Co., Ltd. experienced a significant decline today, with its stock price dropping by 9.76% as it reached an intraday low of CNY 136.99. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, the stock has shown a modest increase of 2.68%, but its one-month performance reveals a more concerning trend, with a decrease of 15.66%. Year-to-date, the stock has gained 19.99%, although its three-year performance indicates a decline of 1.99%. In comparison, the China Shanghai Composite has performed better across these time frames. Financial metrics highlight some challenges for Beijing Haitian Ruisheng. The company has a low Return on Capital Employed (ROCE) of 1.68%, indicating limited profitability relative to its capital. Additionally, its Return on Equity (ROE) stands at 1.62%, and the Price to Book ratio is 1.87. Despite a notable annual profit increase of 213%, the stock's high P/E ratio of 479.00 suggests a potentially expensive valuation.