Shenzhen JT Automation Hits Day Low Amid Price Pressure, Closes at CNY 23.96

Shenzhen JT Automation Equipment Co., Ltd. experienced a notable decline today, with its stock price dropping by 5.67% to reach an intraday low of CNY 23.96. This performance stands in contrast to the broader market, as the China Shanghai Composite index only fell by 0.65% during the same period. Over the past week, Shenzhen JT Automation has seen a slight decrease of 1.2%, while its performance over the last month reflects a decline of 2.04%. However, the company has shown impressive growth over the past year, with a remarkable return of 95.83%, significantly outperforming the China Shanghai Composite's 27.56% gain. Financial metrics indicate a strong operational foundation, with a net profit of CNY 47.6 million for the first half of the year, marking a substantial growth of 321.79%. The company also reported a robust operating cash flow of CNY 158.75 million and net sales of CNY 549.1 million, reflecting a year-on-year growth of 24.1%. With a market capitalization of CNY 4,595 million, Shenzhen JT Automation continues to maintain a solid position within the industrial manufacturing sector.