Chongqing Sulian Plastic Hits Day Low at CNY 32 Amid Price Pressure

Chongqing Sulian Plastic Co., Ltd. experienced significant volatility on May 29, 2026, with the stock declining by 7.68% and reaching an intraday low of CNY 32.00. This performance starkly contrasts with the China Shanghai Composite, which only fell by 0.73% on the same day. Over the past week, Chongqing Sulian has seen a steep decline of 18.41%, while its monthly performance reflects a drop of 16.55%. Year-to-date, the stock has decreased by 7.52%, significantly underperforming the broader market, which has gained 2.51% during the same period. The company's financial metrics indicate challenges, with a net sales figure of CNY 277.48 million and a low inventory turnover ratio of 2.96 times. Additionally, the debt-equity ratio stands at -0.26, suggesting a concerning financial structure. With a market capitalization of CNY 2,890 million, Chongqing Sulian's return on equity is reported at 5.66%, and its price-to-earnings ratio is 38.00. The stock's performance over the past year has been notably poor, generating negative returns of 12.07% compared to the market's positive growth.