Chongqing Construction Engineering Hits Day Low Amid Price Pressure at CNY 2.73

Chongqing Construction Engineering Group Co., Ltd. experienced a significant decline today, with the stock dropping by 8.25% and reaching an intraday low of CNY 2.73. This performance stands in stark contrast to the China Shanghai Composite, which gained 1.28% on the same day. Over the past week, the stock has decreased by 7.02%, while its one-month performance shows a decline of 10.03%. Year-to-date, Chongqing Construction Engineering has seen a drop of 12.3%, and its performance over the last year is down by 19.88%. The company's long-term fundamentals appear weak, with net sales declining at an annual rate of 14.18% and operating profit plummeting by 182.04% over the past five years. Additionally, the company has reported negative results for 11 consecutive quarters, with a pre-tax profit of CNY -339.31 million, reflecting a staggering fall of 23,963.17%. Chongqing Construction Engineering's high debt-to-equity ratio of 2.19 further underscores its financial challenges, as it navigates a difficult market environment within the furniture and home furnishing industry.