Jiangsu Rijiu Optoelectronics Hits Day Low Amid Price Pressure at CNY 16.92

Jiangsu Rijiu Optoelectronics Jointstock Co. experienced a significant decline today, with the stock dropping by 8.5% and reaching an intraday low of CNY 16.92. This performance contrasts sharply with the China Shanghai Composite, which saw a modest gain of 0.9% on the same day. Over the past week, Jiangsu Rijiu has faced a 4.49% decrease, and its monthly performance reflects an 11.92% decline. However, the company has shown resilience over the longer term, boasting a remarkable 45.92% increase in stock value over the past year, significantly outperforming the China Shanghai Composite's 25.1% gain. Financially, Jiangsu Rijiu has reported a robust net profit growth of 151.67% in its latest quarterly results, maintaining positive performance for four consecutive quarters. Key metrics such as a return on equity (ROE) of 8.93% and a price-to-book ratio of 2.83 indicate an attractive valuation. The company also demonstrates strong operational efficiency, highlighted by an inventory turnover ratio of 3.1 and a high return on capital employed (ROCE) of 9.15%.