Quectel Wireless Solutions Hits Day Low of CNY 101.90 Amid Price Pressure

Quectel Wireless Solutions Co. experienced a notable decline today, with the stock dropping by 3.7% to touch an intraday low of CNY 101.90. This performance contrasts with the China Shanghai Composite, which saw a smaller decrease of 0.65% on the same day.
Despite today's downturn, Quectel has shown strong performance over the past year, boasting a remarkable return of 146.14%, significantly outpacing the market's 27.56% gain. The company has also demonstrated resilience with a year-to-date performance of 49.25%.

Financial metrics indicate a solid position for Quectel, with a return on equity of 19.43% and a high interest coverage ratio of 2,344.45. The company has consistently reported positive results over the last four quarters, including a substantial net profit growth of 67.68% as of June 25.

With a market capitalization of CNY 26,672 million, Quectel operates within the large-cap segment of the Electronics & Appliances industry, maintaining a price-to-earnings ratio of 31.00 and a dividend yield of 1.22%.