Decai Decoration Co. Hits Day Low of CNY 54.56 Amid Price Pressure

Decai Decoration Co., a mid-cap player in the construction industry, experienced significant volatility today, with the stock hitting an intraday low of CNY 54.56. The company reported a sharp decline of 19.0% in its stock price, contrasting with a modest drop of 1.26% in the China Shanghai Composite index. Over the past week, Decai Decoration has shown a recovery trend, gaining 18.58%, and it has performed impressively over the past month with a 77.37% increase. However, the year-to-date performance remains strong at 110.49%, and the company has seen a remarkable 357.33% rise over the past year. Despite these short-term gains, Decai Decoration faces ongoing financial challenges. The company has reported negative results for the last eight consecutive quarters, with net sales falling by 27.05% and pre-tax profit declining by 90.87% in the most recent quarter. Additionally, the company has a debt-to-equity ratio of 1.23, indicating a high level of debt relative to equity, which may impact its financial stability moving forward.