Kingnet Network Hits Day Low of CNY 22.92 Amid Price Pressure

Kingnet Network Co., Ltd. experienced a significant decline today, with the stock dropping by 9.95% on February 24, 2026. The stock reached an intraday low of CNY 22.92, marking a notable point in its trading session. Despite this downturn, Kingnet has shown resilience over the longer term, with a one-year performance of 50.36%, significantly outperforming the China Shanghai Composite, which gained 22.49% in the same period. In terms of financial metrics, Kingnet maintains a market capitalization of CNY 46,762 million and a price-to-earnings ratio of 33.00. The company has demonstrated a strong return on equity of 19.15%, indicating effective management of shareholder funds. Additionally, Kingnet's dividend yield stands at 0.46%, providing a return to shareholders. While the stock's performance today reflects short-term volatility, its historical performance over the past three years shows consistent returns, with a remarkable 167.44% increase. This performance underscores Kingnet's position within the software products industry, despite the challenges faced in the current trading environment.