Hefei Urban Construction Hits Day Low of CNY 15.45 Amid Price Pressure

Hefei Urban Construction Development Co., Ltd. experienced a significant decline today, with the stock dropping by 5.33% and reaching an intraday low of CNY 15.45. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Hefei Urban Construction has shown a slight increase of 0.51%, while its monthly performance reflects a gain of 4.55%. However, the company has faced challenges in the longer term, with a notable 108.53% increase over the past year, significantly outperforming the Shanghai Composite's 22.49% rise. Despite these gains, the company has reported negative results for the last two consecutive quarters, with a net profit of CNY -143.09 million, reflecting a decline of 32.78%. The company's financial metrics indicate a high debt-to-equity ratio and a return on equity of -0.88%, suggesting potential concerns regarding profitability and financial stability. As Hefei Urban Construction navigates these challenges, its market position remains closely monitored within the realty sector.