Qi An Xin Technology Hits Day Low at CNY 35.50 Amid Price Pressure

Qi An Xin Technology Group, Inc., a large-cap player in the Electronics & Appliances sector, experienced a significant decline today, with its stock price dropping by 6.13%. The stock reached an intraday low of CNY 35.50, reflecting ongoing challenges within the company. Over the past month, Qi An Xin has seen a decrease of 11.13%, contrasting with the China Shanghai Composite's modest decline of 1.37%. Year-to-date, the stock has remained relatively flat, down just 0.11%, while its performance over the past three years shows a stark decline of 54.56%. The company has faced difficulties, reporting negative results for the last five consecutive quarters and a low return on capital employed (ROCE) of 0%. Additionally, the inventory turnover ratio stands at a low 2.36 times, indicating potential inefficiencies in managing stock levels. With a debt-equity ratio of 22.52%, the financial health of Qi An Xin raises concerns, particularly as it navigates a challenging market environment.