North Chemical Industries Hits Day Low at CNY 21.30 Amid Price Pressure

North Chemical Industries Co., Ltd., a prominent player in the Garments & Apparels sector, experienced a notable decline of 3.81% on March 3, 2026, reaching an intraday low of CNY 21.30. This performance comes amid a backdrop of mixed results, as the company has shown a year-to-date increase of 22.03%, significantly outperforming the China Shanghai Composite, which has risen by only 2.85% during the same period. Despite the recent downturn, North Chemical Industries has demonstrated strong annual growth in net profit, with a remarkable increase of 68.66%. The company reported a pre-tax profit of CNY 31.81 million, reflecting a substantial growth rate of 348.31%. However, it faces challenges with a low Return on Capital Employed (ROCE) of 1.99%, indicating limited profitability relative to its capital base. The stock's performance over the past year has yielded a return of 54.67%, outpacing the market's average return of 15.18%. Nevertheless, the company has experienced a decline in profits by 25% over the same timeframe, raising questions about its long-term growth trajectory.