Huizhou Desay SV Automotive Hits Day Low Amid Price Pressure at CNY 132.23

Huizhou Desay SV Automotive Co., Ltd. experienced a significant decline today, with the stock dropping by 8.86% as it reached an intraday low of CNY 132.23. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.94% on the same day. Over the past week, Huizhou Desay has faced a 10.23% decline, while its monthly performance remains positive at 14.32%. Year-to-date, the stock has shown a robust increase of 23.29%, outperforming the broader market index, which has risen by 16.27%. Despite today's downturn, the company has reported positive financial metrics, including a net sales growth of 20.6% over the last nine months, reaching CNY 22,647.13 million. The operating cash flow has also reached a record high of CNY 1,903.28 million. With a return on equity of 22.01% and a price-to-book ratio of 5.57, Huizhou Desay maintains an attractive valuation in the auto components and equipment industry.