Shanghai Haixin Group Hits Day Low of CNY 8.07 Amid Price Pressure

Shanghai Haixin Group Co., a mid-cap player in the Garments & Apparels industry, experienced a significant decline today, with its stock dropping by 5.91% to reach an intraday low of CNY 8.07. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by only 1.39% on the same day. Over the past week, Shanghai Haixin has seen a more pronounced downturn, with a 9.58% decrease, while its monthly performance reflects a decline of 2.64%. However, on a yearly basis, the company has managed to achieve a return of 25.7%, outperforming the China Shanghai Composite's 16.93% gain. Despite these fluctuations, the company faces challenges in management efficiency, evidenced by a low Return on Capital Employed (ROCE) of 0.46%. Additionally, the company has reported negative results for the last three consecutive quarters, with net sales declining at an annual rate of 5.10% over the past five years. The current market cap stands at CNY 6,157 million, with a Price to Earnings (P/E) ratio of 33.00 and a dividend yield of 0.48%.