Miracle Automation Stock Hits Day Low of CNY 31.00 Amid Price Pressure

Miracle Automation Engineering Co., Ltd. experienced a significant decline in its stock performance today, dropping by 6.53% and reaching an intraday low of CNY 31.00. This downturn comes amid broader market trends, as the China Shanghai Composite index fell by 1.26% on the same day. Over the past week, Miracle Automation has seen a more pronounced decline of 12.85%, contrasting sharply with the slight gain of 0.41% in the Shanghai Composite. Despite a strong performance over the past year, where the stock has risen by 80.27%, recent trends indicate challenges in maintaining momentum. Key financial metrics reveal that the company has a market capitalization of CNY 13,261 million and a debt-to-equity ratio of 0.69. However, the company has faced difficulties with profitability, as evidenced by a low return on capital employed of 1.81% and a return on equity of -6.47%. Additionally, net sales have contracted at an annual rate of 2.43% over the last five years, raising concerns about long-term growth prospects.