Shenzhen Longtech Stock Hits Day Low at CNY 18.63 Amid Price Pressure

Shenzhen Longtech Smart Control Co., Ltd. experienced a significant decline today, with the stock dropping by 7.05% to reach an intraday low of CNY 18.63. This performance stands in contrast to the broader market, as the China Shanghai Composite index fell by only 3.05% on the same day. Over the past week, Shenzhen Longtech has seen a more pronounced downturn, with a 12.32% decrease, and its one-month performance reflects a substantial drop of 23.83%. The company's year-to-date performance is particularly concerning, showing a decline of 42.46%, while its one-year performance has plummeted by 39.55%. Financial metrics indicate ongoing challenges for the company, with net sales declining by 7.06% and negative results reported for the last three consecutive quarters. The operating cash flow is at its lowest point, recorded at CNY 119.53 million, and the interest coverage ratio is also notably low at 397.63. With a market capitalization of CNY 1,055 million, Shenzhen Longtech continues to face hurdles in both short-term and long-term growth.