Shenzhen S.C New Energy Stock Hits Day Low Amid Price Pressure at CNY 86.68

Shenzhen S.C New Energy Technology Corp. experienced a notable decline today, with the stock dropping by 3.94% to reach an intraday low of CNY 86.68. This performance contrasts with the China Shanghai Composite, which fell by 2.04% during the same period. Over the past week, Shenzhen S.C has seen a decrease of 5.05%, while its monthly performance reflects a significant drop of 19.76%. Despite a strong annual performance of 58.39%, the company has faced challenges recently, with net sales plummeting by 36.79% as reported on March 26. The company has reported negative results for the last two consecutive quarters, with pre-tax profit falling by 61.88% to CNY 275.1 million and net profit decreasing by 62.39% to CNY 238.08 million. Additionally, the operating cash flow has reached a low of CNY -1,576.3 million. With a market capitalization of CNY 25,987 million, Shenzhen S.C operates within the Other Electrical Equipment industry, maintaining a P/E ratio of 13.00 and a dividend yield of 1.61%.