Streamax Technology Hits Day Low of CNY 73.61 Amid Price Pressure

Streamax Technology Co., Ltd., a prominent player in the Aerospace & Defense sector, experienced a notable decline today, with its stock price dropping by 5.08% to touch an intraday low of CNY 73.61. This performance contrasts sharply with the China Shanghai Composite, which fell by only 1.26% during the same period. Despite today's downturn, Streamax has shown resilience over the past month, boasting a 41.55% increase, significantly outperforming the broader market, which declined by 1.37%. Over the past year, however, the stock has underperformed, generating a negative return of 5.56%, while the China Shanghai Composite achieved a return of 22.49%. Financially, Streamax reported impressive growth metrics, with net sales for the first half of the year reaching CNY 1,365.41 million, reflecting a 42.5% increase. The company has also maintained a strong operating cash flow, peaking at CNY 467.07 million. With a return on equity of 20.09% and a price-to-book ratio of 2.18, Streamax continues to demonstrate attractive valuation metrics, despite the recent stock price fluctuations.