Chongqing Three Gorges Stock Hits Day Low at CNY 6.50 Amid Price Pressure

Chongqing Three Gorges Water Conservancy & Elect Pwr Co. experienced a notable decline today, with the stock dropping by 3.55% and hitting an intraday low of CNY 6.50. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by 1.7% on the same day. Over the past week, Chongqing Three Gorges has seen a more significant downturn, with a decrease of 7.39%. In terms of longer-term performance, the stock has underperformed the market, showing a 1-year decline of 6.86%, while the China Shanghai Composite has gained 16.95% during the same period. Financial metrics indicate challenges for the company, including a low Return on Capital Employed (ROCE) of 3.80% and a Return on Equity (ROE) of 3.97%. The company also carries a Debt to Equity ratio of 0.61, reflecting its financial leverage. Despite a high cash position of CNY 5,635.21 million, the stock's profitability has been under pressure, with profits falling by 88.2% over the past year.