Shenzhen Longtech Stock Hits Day Low of CNY 34.09 Amid Price Pressure

Shenzhen Longtech Smart Control Co., Ltd. experienced significant volatility today, with the stock hitting an intraday low of CNY 34.09. The company reported a notable decline of 9.91% on May 29, 2026, contrasting sharply with the China Shanghai Composite's modest drop of 0.73% on the same day. Over the past week, Shenzhen Longtech has seen a decrease of 5.47%, while its performance over the last month reflects a decline of 4.3%. Despite a year-to-date gain of 5.95%, the stock's longer-term performance reveals challenges, with a 24.5% drop over the past three years and a staggering 62.04% decline over the last five years. Financial metrics indicate a mixed picture for the company. While the return on equity stands at 9.82%, the company has faced negative results for three consecutive quarters, with net sales falling by 7.06%. The operating cash flow is reported at CNY 119.53 million, and the interest coverage ratio is at a low of 397.63. Overall, these trends highlight the complexities surrounding Shenzhen Longtech's market position and financial health.