Shandong Longda Meishi Hits Day Low at CNY 3.18 Amid Price Pressure

Shandong Longda Meishi Co., Ltd. experienced significant volatility today, with the stock hitting an intraday low of CNY 3.18, reflecting a decline of 9.92% on March 23, 2026. This performance starkly contrasts with the China Shanghai Composite, which fell by 3.63% on the same day. Over the past week, Shandong Longda Meishi has seen a steep decline of 20.7%, and its one-month performance shows a drop of 20.9%. The company's year-to-date performance stands at -22.63%, while its one-year performance has plummeted by 50.85%. The stock has consistently underperformed against the benchmark, with a staggering 64.43% decline over the past three years and a 70.11% drop over five years. Financial metrics indicate challenges, including a high debt-to-equity ratio of 1.83 and a return on equity of -21.72%. The company has reported a significant decrease in net sales, with a negative growth rate of 15.11% annually over the last five years. Additionally, raw material costs have surged by 189.15% year-over-year, further complicating its financial landscape.