Haining China Leather Stock Hits Day Low of CNY 4.12 Amid Price Pressure

Haining China Leather Market Co., Ltd. experienced a significant decline today, with the stock dropping by 6.31% on March 23, 2026. The stock reached an intraday low of CNY 4.12, reflecting ongoing challenges within the company. Over the past week, Haining China Leather has seen a decrease of 11.49%, and its performance over the last month has declined by 14.4%. In a broader context, the stock has underperformed compared to the China Shanghai Composite, which fell by 3.63% today. Year-to-date, Haining China Leather's performance is down 12.24%, contrasting sharply with the composite's decline of 3.92%. The company's financial metrics indicate a weak long-term growth trajectory, with net sales decreasing at an annual rate of 5.00% and operating profit declining by 20.96%. Additionally, Haining China Leather has reported negative results for the last eight consecutive quarters, with a return on equity averaging only 2.94%. The current market capitalization stands at CNY 6,177 million, and the stock's price-to-earnings ratio is 43.00.