Ningbo Deye Technology Hits Day Low of CNY 92.11 Amid Price Pressure

Ningbo Deye Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 4.58% as it reached an intraday low of CNY 92.11. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Despite today's downturn, Ningbo Deye has shown resilience over the past week, gaining 5.97%, and demonstrating a robust 39.65% increase over the last year, significantly outperforming the market index's 22.49% return. The company's strong financial metrics include a return on equity (ROE) of 34.71% and a price-to-book ratio of 7.03, indicating an attractive valuation. Ningbo Deye's operating cash flow reached a record high of CNY 3,336.94 million, while net sales for the latest quarter also peaked at CNY 3,310.94 million. The company has consistently reported positive results for the last three consecutive quarters, contributing to its strong market position within the industrial manufacturing sector. With a market capitalization of CNY 85,559 million, Ningbo Deye continues to be a significant player in its industry.