Hengtong Optic-Electric Hits Day Low of CNY 39.15 Amid Price Pressure

Hengtong Optic-Electric Co., Ltd. experienced a notable decline today, with the stock dropping by 4.57% and reaching an intraday low of CNY 39.15. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Despite this setback, Hengtong has shown strong performance over the past month, with a remarkable increase of 41.85%, significantly outperforming the broader market index. The company, operating within the Electronics & Appliances sector, has a market capitalization of CNY 94,969 million and maintains a price-to-earnings ratio of 19.00. Hengtong's financial metrics indicate a return on equity of 9.79% and a debt-to-equity ratio of 0.33, reflecting a manageable level of debt. Over the past year, the stock has generated a return of 167.62%, showcasing its ability to outperform the China Shanghai Composite over various time frames. While the stock's current performance may raise questions, Hengtong's long-term growth trajectory remains noteworthy, with net sales growing at an annual rate of 18.74% and consistent positive results over the last four quarters.