LONGi Green Energy Hits Day Low of CNY 13.42 Amid Price Pressure

LONGi Green Energy Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 3.13% as it reached an intraday low of CNY 13.42. This performance stands in contrast to the China Shanghai Composite, which saw a minor decrease of 0.16%. Over the past week, LONGi Green has shown a slight recovery with a 2.25% increase, but its longer-term performance remains concerning. In the last month, the stock has decreased by 17.88%, and year-to-date, it has fallen by 25.05%. The company has faced significant challenges, reporting negative results for the last seven consecutive quarters. Key financial metrics indicate a troubling trend, with net sales declining by 12.99% over the past nine months and a debtors turnover ratio at a low of 4.89 times. Despite a market capitalization of CNY 94,271 million, LONGi Green's return on equity stands at -13.86%, reflecting ongoing difficulties in generating profit. The stock's high dividend yield of 0% further underscores its current financial challenges.