China Resources Microelectronics Hits Day Low of CNY 58 Amid Price Pressure

China Resources Microelectronics experienced a significant decline today, with the stock dropping by 5.63% to reach an intraday low of CNY 58.00. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by only 1.26% on the same day. Over the past week, China Resources Microelectronics has seen a slight decrease of 0.15%, while its performance over the last month has been more favorable, showing a gain of 4.23%. However, the stock's year-to-date performance remains strong at 11.07%, outpacing the Shanghai Composite's 2.85% increase. Despite these short-term fluctuations, the company has faced challenges in its long-term growth trajectory, with net sales growing at an annual rate of just 10.43% over the last five years. The company has reported negative results for the last ten consecutive quarters, and key financial metrics such as return on equity (ROE) and operating profit have shown concerning trends. With a market capitalization of CNY 78,902 million, China Resources Microelectronics continues to navigate a complex financial landscape.