Hangzhou Chang Chuan Technology Hits Day Low at CNY 83.12 Amid Price Pressure

Hangzhou Chang Chuan Technology Co., Ltd. experienced a significant decline today, with its stock price dropping by 8.11% as it reached an intraday low of CNY 83.12. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.62% on the same day. Over the past week, Hangzhou Chang Chuan Technology has faced a more pronounced downturn, with a 14.9% drop, while the broader market remained relatively stable. However, the company's longer-term performance remains robust, boasting a remarkable 110.74% increase over the past year and an impressive 478.81% rise over the last five years. Financial metrics indicate that the company has shown strong profitability, with a pre-tax profit growth of 1,222.75% and a net profit increase of 2,623.82% in recent quarters. The return on equity stands at 17.22%, and the company maintains a solid market capitalization of CNY 36,253 million. Despite today's decline, Hangzhou Chang Chuan Technology continues to demonstrate strong financial health and growth potential in the electronics and appliances sector.