Beijing Zhidemai Technology Hits Day Low Amid Price Pressure at CNY 59.09

Beijing Zhidemai Technology Co., Ltd. experienced a significant decline in its stock performance today, with a drop of 7.92%. The stock reached an intraday low of CNY 59.09, reflecting ongoing challenges in its market position. Over the past week, the company's stock has decreased by 8.45%, and its monthly performance shows a decline of 14.65%. Despite a strong annual performance of 46.68%, which outpaces the China Shanghai Composite's 22.49%, the company has faced difficulties in maintaining consistent profitability. Key financial metrics indicate a Return on Capital Employed (ROCE) of 12.30%, suggesting limited efficiency in generating returns from its capital. Additionally, the company reported a low inventory turnover ratio of 56.09%, and its net sales for the quarter were recorded at CNY 264.99 million, the lowest in recent times. With a market capitalization of CNY 7,448 million, Beijing Zhidemai operates within the Trading & Distributors industry. The stock's high P/E ratio of 87.00 and a Price to Book ratio of 3.94 further highlight its expensive valuation in the current market landscape.