Ningxia Qinglong Pipes Hits Day Low at CNY 10.23 Amid Price Pressure

Ningxia Qinglong Pipes Industry Group Co., Ltd. experienced significant volatility on July 17, 2026, with the stock declining by 8.4% and reaching an intraday low of CNY 10.23. This performance starkly contrasts with the China Shanghai Composite, which fell by 3.05% on the same day. Over the past week, Ningxia Qinglong has seen a steep decline of 34.96%, while its one-month performance shows a decrease of 23.96%. Year-to-date, the stock has dropped 6.22%, underperforming the broader market, which has seen a decline of 5.16%. In the last year, the stock has generated a return of just 0.16%, significantly lower than the 16.83% return of the China Shanghai Composite. Financial metrics indicate challenges for the company, with net sales reported at CNY 251.55 million, marking a low point, and an operating profit of CNY -3.85 million. The company's market capitalization stands at CNY 3,158 million, with a P/E ratio of 26.00 and a dividend yield of 1.29%. The return on equity is recorded at 4.70%, reflecting the company's current market position within the building products industry.