Longhua Technology Group Hits Day Low Amid Price Pressure, Drops to CNY 11.40

Longhua Technology Group (Luoyang) Co., Ltd. experienced a notable decline today, with the stock dropping by 5.15% as it reached an intraday low of CNY 11.40. This performance contrasts with the broader market, as the China Shanghai Composite index fell by only 1.26% on the same day. Over the past week, Longhua's stock has decreased by 2.47%, while it has shown a significant increase of 16.99% over the past month. Year-to-date, the company has performed well, with a gain of 29.3%, and a remarkable 62.36% increase over the past year, outpacing the Shanghai Composite's 22.49% growth. Despite these positive long-term trends, the company faces challenges, including a relatively high debt-to-equity ratio and modest profitability, as indicated by a return on equity of 4.52%. Longhua's net sales have grown at an annual rate of 10.42%, but operating profit has seen a slight decline. The stock's current price reflects a price-to-book ratio of 2.11 and a dividend yield of 0.43%, indicating a cautious approach to its valuation amidst fluctuating market conditions.