LONGi Green Energy Hits Day Low of CNY 13.85 Amid Price Pressure

LONGi Green Energy Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 3.21% as it reached an intraday low of CNY 13.85. This performance comes amid a challenging backdrop, as the company has faced significant headwinds over the past year, underperforming the broader market. In comparison to the China Shanghai Composite, which fell by 0.73% today, LONGi's performance reflects a broader trend of struggle, with a 1-week decline of 7.65% and a 1-month decrease of 16.07%. Over the past year, the stock has generated a return of just 5.76%, starkly contrasting with the market's 20.96% gain. Financial metrics indicate ongoing difficulties, with net sales for the last nine months declining by 12.99%. The company's debtors turnover ratio stands at a low 4.89 times, highlighting potential liquidity concerns. Additionally, LONGi has reported negative results for seven consecutive quarters, further emphasizing the challenges it faces in the current market environment.