Contemporary Amperex Technology Hits Day Low Amid Price Pressure at CNY 355.77

Contemporary Amperex Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 6.27% as it reached an intraday low of CNY 355.77. This performance stands in contrast to the China Shanghai Composite, which saw a minor decrease of 0.19% on the same day. Over the past week, Contemporary Amperex has faced a more significant downturn, with a 10.95% decline, while the broader market remained relatively stable with a slight increase of 0.17%. However, the company's performance over the past month shows a positive trend, with a 10.15% increase compared to the Shanghai Composite's 0.49% rise. In terms of annual performance, Contemporary Amperex has outperformed the market significantly, boasting a 48.06% increase over the past year, while the Shanghai Composite has returned 20.88%. The company maintains a strong market position with a large market capitalization of CNY 1,429,506 million and a return on equity of 20.60%. Despite today's decline, the stock has shown resilience with a year-to-date performance of 34.59%.