Great Microwave Technology Hits Day Low at CNY 65 Amid Price Pressure

Great Microwave Technology Co., Ltd. experienced a notable decline today, with its stock price dropping by 3.94% to reach an intraday low of CNY 65.00. This performance contrasts with the China Shanghai Composite, which saw a minor decrease of 0.19% on the same day. Over the past week, Great Microwave Technology has shown a slight decline of 0.37%, while its performance over the last month reflects a more significant drop of 10.47%. However, the company has demonstrated impressive growth over the past year, boasting a remarkable 139.19% increase, significantly outperforming the China Shanghai Composite's 20.88% gain. Financial metrics indicate a strong operational performance, highlighted by a net profit growth of 252.46% reported on June 25. The company also recorded its highest operating cash flow at CNY 36.05 million and a pre-tax profit of CNY 41.87 million, reflecting a growth of 161.13%. Despite the recent downturn, Great Microwave Technology remains a significant player in the Other Electrical Equipment industry, with a market capitalization of CNY 9,173 million.