Suzhou Veichi Electric Hits Day Low of CNY 82.71 Amid Price Pressure

Suzhou Veichi Electric Co., Ltd. experienced a significant decline today, with the stock dropping by 7.15% to reach an intraday low of CNY 82.71. This performance stands in contrast to the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past week, Suzhou Veichi has seen a decrease of 8.43%, while its monthly performance reflects a more substantial drop of 21.01%. Despite a strong yearly performance of 67.23%, the stock has faced challenges in recent months, with a year-to-date decline of 15.3%. Financial metrics indicate that the company has a market capitalization of CNY 18,748 million and a price-to-earnings ratio of 73.00. The return on equity stands at 11.15%, and the price-to-book ratio is noted at 8.10. The company’s operating cash flow has reached a low of CNY 64.64 million, and its return on capital employed is at 11.78%. These figures suggest a complex financial landscape for Suzhou Veichi Electric as it navigates current market conditions.