Greatoo Intelligent Equipment Hits Day Low at CNY 6.32 Amid Price Pressure

Greatoo Intelligent Equipment, Inc. experienced significant volatility on March 23, 2026, closing the day down by 7.03%. The stock reached an intraday low of CNY 6.32, reflecting ongoing challenges faced by the company. Over the past week, Greatoo has seen a decline of 14.77%, and its performance over the last month has dropped by 17.75%. In the context of the broader market, the China Shanghai Composite index fell by 3.63% on the same day, indicating that Greatoo's decline was more pronounced than the overall market trend. Year-to-date, the stock has decreased by 19.21%, significantly underperforming the index, which has seen a decline of only 3.92%. Financial metrics reveal a concerning picture for Greatoo, with net sales for the latest quarter falling by 45.96% to CNY 184.42 million. The company has reported negative profits for two consecutive quarters, with a pre-tax profit of CNY -29.27 million and a net profit of CNY -33.23 million. These figures highlight the ongoing difficulties the company faces in achieving sustainable growth and profitability.