Jiamei Food Packaging Hits Day Low at CNY 26.30 Amid Price Pressure

Jiamei Food Packaging (Chuzhou) Co., Ltd. experienced a significant decline in its stock price today, dropping by 9.65% and reaching an intraday low of CNY 26.30. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Jiamei Food Packaging has seen a 12.15% decrease, while its monthly performance remains positive at 13.94%. However, the company's long-term growth metrics indicate challenges, with net sales growing at an annual rate of 8.40% and operating profit at 20.15% over the last five years. The company’s pre-tax profit for the quarter has fallen by 74.25%, and net profit has decreased by 73.68%, raising concerns about its profitability. With a market capitalization of CNY 13,348 million, Jiamei Food Packaging operates within the packaging industry and has a debt-to-equity ratio of 0.41. The company's return on equity stands at 5.84%, reflecting its current financial performance amidst broader market trends.