Hangzhou Great Star Stock Hits Day Low of CNY 35.70 Amid Price Pressure

Hangzhou Great Star Industrial Co., Ltd. experienced a notable decline today, with its stock price dropping by 4.25% to touch an intraday low of CNY 35.70. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% during the same period. Over the past week, Hangzhou Great Star has seen a slight decrease of 0.72%, while its monthly performance reflects a decline of 3.97%. Despite these short-term fluctuations, the company has demonstrated resilience with a year-to-date performance of 5.2%, outperforming the China Shanghai Composite's 2.85%. Over the last year, the stock has generated a return of 5.05%, which is notably lower than the market's average return of 15.18%. Financially, Hangzhou Great Star reported strong operating cash flow of CNY 2,109.16 million and net sales growth of 31.31% in the first half of the year. The company maintains a return on equity of 13.73% and a price-to-book ratio of 2.20, indicating a fair valuation in the current market landscape.