China National Gold Group Hits Day Low of CNY 8.85 Amid Price Pressure

China National Gold Group Gold Jewellery Co., Ltd. experienced a notable decline today, with the stock dropping by 4.3% on March 23, 2026. The stock reached an intraday low of CNY 8.85, reflecting broader market trends as the China Shanghai Composite index fell by 3.63% during the same period. Over the past week, China National Gold has seen a more significant downturn, with a decrease of 8.71%, and a substantial 17.42% drop over the past month. Despite a modest annual gain of 2.41%, the stock has struggled in the longer term, showing a decline of 30.44% over the past three years and 53.5% over five years. Key financial metrics indicate a challenging environment for the company. The return on capital employed (ROCE) stands at a low 5.59%, while the interest coverage ratio is notably high at 1,759.9. Additionally, raw material costs have surged by 56.73% year-over-year. Despite these challenges, the company maintains a return on equity of 20.45% and a dividend yield of 3.24%.