Chengdu Info Tech Hits Day Low of CNY 30.10 Amid Price Pressure

Chengdu Info Tech of Chinese Academy of Sciences Co., Ltd. experienced a significant decline today, with the stock dropping by 6.34% to reach an intraday low of CNY 30.10. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Chengdu Info Tech has seen a 9.7% decrease, while its monthly performance reflects a decline of 9.62%. Year-to-date, the stock has lost 1.95%, and its one-year performance shows a notable drop of 16.85%, significantly underperforming the broader market, which has gained 22.49% during the same period. Financial metrics indicate challenges for the company, with net sales growing at an annual rate of just 5.76% over the last five years. The company has reported negative results for the last four consecutive quarters, with pre-tax profit falling by 87.44% and net profit down by 57.96%. The stock's high price-to-book ratio of 11.17 and a return on equity of 0.67% further highlight its expensive valuation in the current market environment.