Shanghai Haixin Group Hits Day Low of CNY 7.15 Amid Price Pressure

Shanghai Haixin Group Co., a mid-cap player in the Garments & Apparels industry, experienced a significant decline today, with its stock price dropping by 9.95% to touch an intraday low of CNY 7.15. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by 3.63% on the same day. Over the past week, Shanghai Haixin has seen a steep decline of 20.47%, while its monthly performance reflects a decrease of 14.27%. Despite a positive annual return of 13.49%, the company has faced challenges in recent quarters, reporting negative results for three consecutive periods. Financial metrics indicate a low Return on Capital Employed (ROCE) of 0.46%, suggesting limited profitability relative to total capital. Additionally, the company has experienced a decline in net sales at an annual rate of 5.10% over the last five years. With a market capitalization of CNY 6,157 million, Shanghai Haixin's current price-to-book ratio stands at 1.32, and it offers a dividend yield of 0.48%.