Shenzhen S.C New Energy Hits Day Low Amid Price Pressure at CNY 80.24

Shenzhen S.C New Energy Technology Corp. experienced a significant decline today, with the stock dropping by 6.6% and reaching an intraday low of CNY 80.24. This performance stands in contrast to the China Shanghai Composite, which fell by only 0.73% on the same day. Over the past week, the stock has seen a decrease of 8.21%, and its monthly performance reflects a decline of 11.33%. In terms of annual performance, Shenzhen S.C New Energy Technology Corp. has increased by 54.17% compared to the previous year, although year-to-date figures show a decline of 15.58%. The company has faced challenges, reporting a significant drop in net sales of 36.79% and consecutive negative results over the last two quarters. Key financial metrics indicate a pre-tax profit of CNY 275.1 million, down 61.88%, and a net profit of CNY 238.08 million, down 62.39%. Additionally, the operating cash flow has reached a low of CNY -1,576.3 million. With a market capitalization of CNY 25,987 million, the company operates within the Other Electrical Equipment industry.