Biwin Storage Hits Day Low of CNY 164.56 Amid Price Pressure

Biwin Storage Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 3.18% to reach an intraday low of CNY 164.56. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Biwin has shown a slight recovery, gaining 1.54%, but its one-month performance reflects a more significant downturn of 9.65%. Despite a remarkable year-to-date increase of 46.75% and a staggering 650.71% rise over the past three years, the company faces challenges. It has reported negative net profit and a low return on capital employed (ROCE) of 0%, indicating inefficiencies in management. Additionally, Biwin's debt-to-equity ratio stands at 1.11, suggesting a high level of leverage. The company's net sales have grown at an annual rate of 44.23%, but operating profit has seen a drastic decline of 205.20% over the last five years. As Biwin navigates these financial metrics, its market position remains under scrutiny within the IT hardware industry.