Nanjing Quanxin Cable Hits Day Low of CNY 19.79 Amid Price Pressure

Nanjing Quanxin Cable Technology Co., Ltd. experienced significant volatility on March 3, 2026, with the stock declining by 11.69% and reaching an intraday low of CNY 19.79. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Nanjing Quanxin's stock has decreased by 3.22%, while its monthly performance shows a slight decline of 1.63%. However, the company has demonstrated a notable annual growth of 52.77%, outperforming the China Shanghai Composite's 22.49% increase. Year-to-date, the stock has risen by 9.85%, compared to the composite's 2.85%. Despite these figures, the company has faced challenges, reporting negative results for the last eight consecutive quarters. Key financial metrics indicate a concerning trend, with net profit for the half-year at CNY -26.86 million, reflecting a decline of 167.81%. The stock's high dividend yield of 0.25% and a market capitalization of CNY 4,075 million highlight its mid-cap status within the electronics and appliances industry.