Hunan Kaimeite Gases Hits Day Low of CNY 24.80 Amid Price Pressure

Hunan Kaimeite Gases Co., Ltd., a prominent player in the specialty chemicals sector, experienced a significant decline today, with its stock price dropping by 9.98%. The stock reached an intraday low of CNY 24.80, reflecting a notable shift in market sentiment.
Despite this downturn, Hunan Kaimeite has shown impressive performance metrics over the past year, boasting a remarkable 294.9% increase compared to the China Shanghai Composite's 27.56%. The company's year-to-date performance stands at 304.57%, significantly outpacing the broader market, which has returned 14.21% during the same period.

Financially, Hunan Kaimeite reported a robust net sales figure of CNY 160.82 million and a pre-tax profit of CNY 34.4 million, both marking the highest levels recorded. The company has also seen a substantial reduction in raw material costs, down by 213.2% year-over-year. With a market capitalization of CNY 15,592 million and a price-to-earnings ratio of 261.00, Hunan Kaimeite continues to maintain a strong market position despite today's fluctuations.