Jiangnan Mould Hits Day Low of CNY 14.42 Amid Price Pressure

Jiangnan Mould & Plastic Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 5.24% as it reached an intraday low of CNY 14.42. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Jiangnan Mould has seen a decrease of 4.75%, while its performance over the last month shows a significant increase of 11.83%. In the longer term, the stock has demonstrated impressive growth, with a 112.32% rise over the past year and a remarkable 202.69% increase over the last five years, significantly outperforming the China Shanghai Composite during these periods. Despite these gains, the company faces challenges, including a relatively high debt-to-equity ratio and a modest return on equity of 9.58%. Additionally, the inventory turnover ratio has reached a low of 6.15%, indicating potential inefficiencies in inventory management. As Jiangnan Mould navigates these dynamics, its market position within the auto components and equipment industry remains a focal point for stakeholders.