Shenzhen Lihexing Co. Hits Day Low at CNY 34.60 Amid Price Pressure

Shenzhen Lihexing Co., a midcap player in the industrial products sector, experienced a notable decline today, with its stock price dropping by 6.54% to touch an intraday low of CNY 34.60. This performance stands in contrast to the China Shanghai Composite, which saw a modest decrease of 0.62% on the same day. Despite the recent downturn, Shenzhen Lihexing has shown significant gains over longer periods, with a remarkable 163.54% increase over the past year and a year-to-date performance of 201.45%. However, the company faces challenges, including operating losses and a high debt-to-equity ratio of 41.22%, indicating potential financial strain. In terms of profitability, the company reported a pre-tax profit of CNY -8.88 million, reflecting a substantial decline of 245.24%. Additionally, net profit figures have also fallen sharply, with a reported loss of CNY 4.87 million, down 164.24%. These metrics highlight the company's ongoing struggles despite its historical performance. As the market continues to react to these developments, Shenzhen Lihexing's financial health remains a focal point for stakeholders.