Fujian Foxit Stock Hits Day Low Amid Price Pressure, Closing at CNY 84.48

Fujian Foxit Software Development Joint Stock Co., Ltd. experienced a significant decline today, with the stock dropping by 9.22% and reaching an intraday low of CNY 84.48. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Fujian Foxit has seen a decrease of 7.56%, while its monthly performance reflects a more substantial decline of 30.5%. Year-to-date, the stock is down 4.78%, and over the last five years, it has faced a notable drop of 34.36%. Despite a positive annual performance of 4.05%, the company has struggled with profitability, as indicated by a low Return on Capital Employed (ROCE) of 12.56%. The company has reported negative results for the last three consecutive quarters, with a net profit of CNY -37.61 million, reflecting a significant decline. Additionally, the debt-equity ratio stands at -0.70, indicating financial strain. As a mid-cap player in the software products industry, Fujian Foxit continues to navigate a challenging market landscape.