Nanxing Machinery Hits Day Low at CNY 22.68 Amid Price Pressure

Nanxing Machinery Co., Ltd. experienced significant volatility on February 24, 2026, with the stock declining by 10.6% and reaching an intraday low of CNY 22.68. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Nanxing's stock had shown a positive trend, gaining 4.75%, but its one-month performance remains negative at -8.24%. Despite a strong year-to-date performance of 17.87%, the company has faced challenges, including a notable decline in net profit, which dropped by 84.32% in the first half of the year. Financial metrics indicate that while the company has a market capitalization of CNY 6,541 million and a P/E ratio of 65.00, its operating cash flow has reached a low of CNY 364.48 million. The stock's high dividend yield of 1.47% may attract some attention, but the overall financial health appears to be under pressure, as evidenced by a significant drop in profits over the past year.