Longshine Technology Hits Day Low of CNY 17.46 Amid Price Pressure

Longshine Technology Group Co., Ltd. experienced a notable decline today, with its stock price dropping by 3.47% to reach an intraday low of CNY 17.46. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Longshine's stock has shown minimal movement, with a slight decrease of 0.06%, while its monthly performance reflects a more significant decline of 4.53%. Despite a strong annual performance of 36.69%, the company has faced challenges in recent quarters, reporting negative results for the last two consecutive periods. Key financial metrics indicate a concerning trend, with net sales decreasing by 0.38% and a net profit of CNY -201.14 million, reflecting a growth decline of 151.31%. The company's operating cash flow has also reached a low of CNY 578.81 million. Longshine's market capitalization stands at CNY 17,955 million, and it currently offers a dividend yield of 1.53%. However, the stock is trading at a high risk compared to its historical valuations, raising concerns about its long-term growth prospects.