Qianhe Condiment Stock Hits Day Low of CNY 10.08 Amid Price Pressure

Qianhe Condiment & Food Co., a large-cap player in the FMCG sector, experienced a notable decline today, with its stock price dropping by 3.43%. The stock reached an intraday low of CNY 10.08, reflecting ongoing challenges for the company. Over the past week, Qianhe's performance has been particularly weak, down 7.64%, contrasting with a slight gain of 0.41% in the China Shanghai Composite. In terms of longer-term performance, Qianhe has faced significant hurdles, with a staggering 45.29% decline over the past three years and a 61.9% drop over the last five years. Despite a year-to-date increase of 3.26%, the company's overall trajectory remains concerning, especially when compared to the China Shanghai Composite's 2.85% gain. Financial metrics indicate a decline in net sales by 4.29%, and the company has reported negative results for four consecutive quarters. The latest half-year net profit stands at CNY 99.1 million, reflecting a substantial decrease of 49.61%. With a market capitalization of CNY 12,884 million, Qianhe Condiment & Food Co. continues to navigate a challenging market landscape.