Sungrow Power Supply Hits Day Low of CNY 145.58 Amid Price Pressure

Sungrow Power Supply Co., Ltd. experienced a notable decline today, with the stock dropping by 5.48% and reaching an intraday low of CNY 145.58. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Sungrow's stock has decreased by 2.35%, while the broader market has seen a slight increase of 0.41%. In terms of longer-term performance, Sungrow has shown resilience, boasting a remarkable 107.6% increase over the past year, significantly outperforming the China Shanghai Composite's 22.49% gain. However, year-to-date, the stock has declined by 14.84%, while the composite index has risen by 2.85%. Key financial metrics indicate a strong operational foundation, with a return on equity of 34.35% and a price-to-book ratio of 5.27. The company has also reported a substantial growth in net sales, which increased by 50.99% to CNY 18,920.43 million. Despite today's downturn, Sungrow Power Supply Co., Ltd. continues to demonstrate strong fundamentals in the electrical equipment industry.