Hainan Drinda Stock Hits Day Low of CNY 85.08 Amid Price Pressure

Hainan Drinda New Energy Technology Co., Ltd. experienced a significant decline today, with the stock dropping by 8.04% and hitting an intraday low of CNY 85.08. This performance stands in stark contrast to the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Hainan Drinda's stock has seen a decline of 11.92%, while its monthly performance remains positive at 7.59%. However, the company has faced challenges in the longer term, with a notable 27.98% decrease over the past three years, despite a remarkable 538.1% increase over the last five years. Financial metrics indicate that Hainan Drinda is grappling with high debt levels, reflected in a debt-to-equity ratio of 0.46. The company has reported negative net profit for the last six consecutive quarters, with a net profit of CNY -530.85 million and a significant drop in net sales. Additionally, the return on equity stands at -12.90%, highlighting ongoing profitability concerns. As a large-cap player in the auto components and equipment industry, Hainan Drinda's current market cap is CNY 20,123 million.