Shanghai Shunho Stock Hits Day Low of CNY 7.03 Amid Price Pressure

Shanghai Shunho New Materials Technology Co., a mid-cap player in the packaging industry, experienced a significant decline today, with its stock price dropping by 6.74% to reach an intraday low of CNY 7.03. This downturn comes amid a broader market context, as the China Shanghai Composite index fell by 0.94% on the same day.
Over the past week, Shanghai Shunho has seen a decrease of 2.57%, contrasting with a slight gain of 0.37% in the broader index. The company's performance over the last month also reflects a decline of 6.38%, while its year-to-date performance remains strong at 136.51%, significantly outperforming the China Shanghai Composite's 16.27% gain.

Despite a remarkable annual return of 148.79%, the company faces challenges, including a low Return on Capital Employed (ROCE) of 2.12% and a modest annual growth rate in net sales of 0.31% over the past five years. The recent financial results indicate a net profit of CNY 3.6 million, which has decreased by 83.3%, alongside the lowest quarterly net sales recorded at CNY 322.55 million.