Limin Group Stock Hits Day Low of CNY 18.55 Amid Price Pressure

Limin Group Co., Ltd., a mid-cap player in the Chemicals & Petrochemicals industry, experienced a significant decline today, with its stock price dropping by 14.79%. The stock reached an intraday low of CNY 18.55, marking a notable point in its trading session. In terms of performance metrics, Limin Group's one-day performance starkly contrasts with the China Shanghai Composite, which fell by only 1.39%. Over the past week, the company's stock has decreased by 14.4%, while its one-month performance shows a decline of 5.02%. However, on a yearly basis, Limin Group has demonstrated a robust performance, with a 78.02% increase compared to the composite's 16.93%. Despite the recent downturn, the company has reported positive results in its last two quarters, with a notable growth in net sales of 4.01%. The operating cash flow reached a high of CNY 671.32 million, and the return on capital employed (ROCE) was recorded at 13.37%. However, the company faces challenges with a high debt-to-equity ratio and modest long-term growth in net sales and operating profit.