Ningbo Runhe Hits Day Low at CNY 36.12 Amid Price Pressure

Ningbo Runhe High-Tech Materials Co., Ltd. experienced a notable decline today, with the stock dropping by 5.23% as it reached an intraday low of CNY 36.12. This performance stands in contrast to the China Shanghai Composite, which saw a minor decrease of 0.19% on the same day. Over the past week, Ningbo Runhe has faced a decline of 3.42%, while its monthly performance reflects a more significant drop of 13.16%. However, the company has shown resilience over the longer term, boasting an impressive annual return of 85.85%, significantly outperforming the China Shanghai Composite's 20.88% gain. Key financial metrics indicate that the company maintains a return on equity (ROE) of 8.52% and a price-to-book ratio of 3.42, suggesting an attractive valuation. Despite the recent downturn, Ningbo Runhe's five-year performance remains robust, with a remarkable increase of 163.18%. The company operates within the specialty chemicals sector and holds a market capitalization of CNY 6,601 million, positioning it as a mid-cap player in the industry.