Nanjing Chemical Fibre Hits Day Low at CNY 13.80 Amid Price Pressure

Nanjing Chemical Fibre Co., Ltd. experienced significant volatility on March 23, 2026, with the stock declining by 8.4% and reaching an intraday low of CNY 13.80. This performance starkly contrasts with the China Shanghai Composite, which fell by 3.63% on the same day. Over the past week, Nanjing Chemical Fibre has seen a steep decline of 15.96%, and its one-month performance reflects a drop of 16.47%. The company has faced ongoing financial difficulties, reporting negative results for the last seven consecutive quarters. Key metrics indicate a concerning trend, with net sales decreasing at an annual rate of 0.75% and operating profit declining by 28.15% over the past five years. Additionally, the company's debt-to-equity ratio stands at 0.99, highlighting its financial leverage. Despite a notable 165.21% increase over the past three years, Nanjing Chemical Fibre has underperformed the broader market, with a one-year return of -19.69% compared to the China Shanghai Composite's 13.33%. The company operates within the garments and apparels industry, with a market capitalization of CNY 5,645 million.