Huizhou Desay SV Automotive Hits Day Low Amid Price Pressure at CNY 132.78

Huizhou Desay SV Automotive Co., Ltd. experienced a notable decline today, with its stock price dropping by 4.24% to reach an intraday low of CNY 132.78. This performance stands in contrast to the China Shanghai Composite, which saw a minor decrease of 0.19% on the same day. Over the past week, Huizhou Desay has faced a more significant downturn, with a decline of 11.43%. However, the company has shown resilience in its longer-term performance metrics, boasting a year-to-date increase of 21.64% and a five-year growth rate of 82.95%. Financially, Huizhou Desay has reported strong results, including a net sales growth of 20.6% over the past nine months, reaching CNY 22,647.13 million. The company also achieved its highest operating cash flow at CNY 1,903.28 million. With a return on equity of 22.01% and a price-to-book ratio of 5.57, the company maintains an attractive valuation in the auto components and equipment industry.