Broadex Technologies Hits Day Low of CNY 156 Amid Price Pressure

Broadex Technologies Co., Ltd., a prominent player in the Other Electrical Equipment industry, experienced a notable decline today, with its stock price dropping by 4.46% to touch an intraday low of CNY 156.00. This performance comes amid a broader market context, where the China Shanghai Composite index fell by 1.26%. Despite today's downturn, Broadex has shown resilience over the past month, with a 19.2% increase, significantly outperforming the Shanghai Composite, which declined by 1.37% during the same period. Over the past year, Broadex has achieved an impressive 185.08% return, far exceeding the market's 22.49% gain. The company has reported strong financial metrics, including a 22.79% growth in net sales and a robust operating cash flow of CNY 387.62 million. With a market capitalization of CNY 33,706 million, Broadex maintains a solid position in its sector, supported by a return on equity of 26.72% and a low debt-to-equity ratio of -0.53. These indicators reflect the company's strong operational performance, even as it navigates today's market fluctuations.