Shanghai Hanbell Hits Day Low of CNY 26.12 Amid Price Pressure

Shanghai Hanbell Precise Machinery Co., Ltd. experienced a notable decline today, with the stock dropping by 3.7% to reach an intraday low of CNY 26.12. This performance contrasts with the broader market, as the China Shanghai Composite index fell by only 1.26% on the same day. Despite the recent downturn, Shanghai Hanbell has shown resilience over the past week, gaining 6.2%, and has delivered a year-to-date performance of 5.99%. Over the last year, the stock has appreciated by 42.86%, significantly outperforming the China Shanghai Composite, which rose by 22.49% during the same period. However, the company has faced challenges, including a reported decline in net sales of 18.61% and negative results for the last two consecutive quarters. Key financial metrics indicate a pre-tax profit of CNY 143.36 million, down 60%, and a net profit of CNY 138.82 million, which has decreased by 54.51%. Additionally, the operating cash flow has reached a low of CNY -186.28 million. As a large-cap player in the industrial manufacturing sector, Shanghai Hanbell's current market capitalization stands at CNY 14,182 million.