Jiangxi GETO New Materials Hits Day Low at CNY 29.98 Amid Price Pressure

Jiangxi GETO New Materials Corp. experienced a significant decline today, with the stock dropping by 4.79% to reach an intraday low of CNY 29.98. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by only 1.26% on the same day. Over the past week, Jiangxi GETO has seen a notable decrease of 19.76%, while its monthly performance reflects a decline of 9.59%. Despite these short-term challenges, the company has shown remarkable growth over the past year, boasting a return of 205.73%, significantly outperforming the China Shanghai Composite's 22.49% gain. Financial metrics indicate that Jiangxi GETO has a market capitalization of CNY 11,218 million and a price-to-earnings ratio of 28.00. The company’s return on equity stands at 7.14%, with a debt-to-equity ratio of 0.79. However, the average return on capital employed is relatively low at 5.59%, suggesting potential concerns regarding long-term financial strength. The stock's current dividend yield is 0.09%, reflecting its ongoing commitment to shareholder returns amidst fluctuating market conditions.