Shenzhen Injoinic Stock Hits Day Low Amid Price Pressure, Closes at CNY 22.14

Shenzhen Injoinic Technology Co., Ltd. experienced a significant decline today, with the stock dropping by 7.35% as it reached an intraday low of CNY 22.14. This performance stands in contrast to the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Shenzhen Injoinic has seen a decrease of 7.21%, while the broader index has gained 0.41%. Despite today's downturn, the company has shown resilience over the past month, with a 6.18% increase compared to the Shanghai Composite's decline of 1.37%. Over the last year, Shenzhen Injoinic has delivered a robust return of 24.82%, outperforming the index's 22.49% gain. Financial metrics indicate a mixed performance. The company has reported positive results for the last four consecutive quarters, with a notable pre-tax profit growth of 146.06%. However, its Return on Capital Employed (ROCE) remains low at 3.01%, suggesting challenges in profitability relative to capital employed. The stock currently holds a market capitalization of CNY 5,204 million and a Price to Book ratio of 2.37, reflecting its valuation in the mid-cap sector of the Other Electrical Equipment industry.