Ourpalm Co., Ltd. Hits Day Low of CNY 5.82 Amid Price Pressure

Ourpalm Co., a large-cap player in the software products industry, experienced a significant decline today, with its stock price dropping by 7.03% to touch an intraday low of CNY 5.82. This performance starkly contrasts with the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past month, Ourpalm has seen a notable decrease of 15.16%, while its year-to-date performance remains positive at 17.81%. However, the company has struggled over the past year, underperforming the market with a return of -3.64%, compared to the China Shanghai Composite's impressive 22.49% gain. Key financial metrics indicate challenges for Ourpalm, including a low Return on Capital Employed (ROCE) of 2.20% and a concerning trend of declining net sales and operating profit over the last five years. The company has reported negative results for three consecutive quarters, with a net profit of CNY -63.21 million, reflecting a significant decline in profitability. As the stock continues to navigate these financial hurdles, its performance metrics suggest a need for strategic reassessment within the company.