Changsha Jingjia Microelectronics Hits Day Low at CNY 74.08 Amid Price Pressure

Changsha Jingjia Microelectronics Co., Ltd. experienced a significant decline today, with the stock dropping by 5.18% and reaching an intraday low of CNY 74.08. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.94% on the same day. Over the past week, Changsha Jingjia has faced a decline of 4.95%, while its monthly performance remains positive at 4.56%. However, the company has struggled over the longer term, with a year-to-date drop of 15.87% and a one-year decline of 6.21%. In stark contrast, the China Shanghai Composite has shown a year-on-year increase of 18.02%. Financial metrics indicate challenges for Changsha Jingjia, including a negative return on capital employed (ROCE) of -3.99% and a concerning drop in net sales by 11.71%. The company has reported negative results for three consecutive quarters, reflecting ongoing difficulties in maintaining profitability. Additionally, the rise in raw material costs by 50.52% year-over-year further complicates the company's financial landscape.