Shanghai Putailai Hits Day Low at CNY 28.40 Amid Price Pressure

Shanghai Putailai New Energy Technology Co., Ltd. experienced a notable decline today, with its stock price dropping by 3.74% to reach an intraday low of CNY 28.40. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by only 1.26% during the same period. Despite today's downturn, Shanghai Putailai has shown resilience over the past year, boasting a remarkable return of 62.96%, significantly outperforming the China Shanghai Composite's 22.49%. The company's market capitalization is currently CNY 60,417 million, placing it in the large-cap category within the electronics and appliances industry. Key financial metrics reveal that while the stock has generated substantial returns, profits have seen a decline of 7.2% over the past year. The company reported its highest operating cash flow at CNY 2,982 million, alongside a significant reduction in raw material costs, which fell by 21.77% year-over-year. With a return on equity of 8.07% and a price-to-book ratio of 3.13, Shanghai Putailai continues to navigate a complex market landscape.