Jiangsu Tongrun Stock Hits Day Low of CNY 26 Amid Price Pressure

Jiangsu Tongrun Equipment Technology Co., Ltd. experienced a significant decline today, with the stock dropping by 6.38% and reaching an intraday low of CNY 26.00. This performance stands in contrast to the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Jiangsu Tongrun has seen a decrease of 5.49%, while its one-month performance remains positive at 12.96%. However, the stock's year-to-date performance is strong, showing a gain of 33.53%, and an impressive 103.33% increase over the past year. Despite these gains, the company has faced challenges, including a notable drop in net profit for the latest quarter, which fell by 60.03% to CNY 18.31 million. Financial metrics indicate a market capitalization of CNY 10,149 million and a price-to-earnings ratio of 24.00. The company maintains a return on equity of 13.45% and a dividend yield of 0.35%. While Jiangsu Tongrun has shown robust long-term growth in stock price, its recent performance highlights a period of volatility in the industrial manufacturing sector.