Taiji Computer Corp. Hits Day Low at CNY 22.30 Amid Price Pressure

Taiji Computer Corp. has experienced a notable decline today, with the stock dropping by 3.2% and reaching an intraday low of CNY 22.30. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Taiji has shown a slight recovery, gaining 2.61%, but its longer-term performance remains concerning. The stock has decreased by 14.26% over the past month and 16.75% year-over-year, significantly underperforming the broader market, which has seen a 22.49% increase in the same timeframe. Financial metrics indicate that Taiji Computer Corp. is grappling with high debt levels, reflected in a debt-to-equity ratio of 0.58. The company has reported negative results for the last five consecutive quarters, with net sales falling by 16.17% in the most recent quarter. Despite a high dividend yield of 0.40%, the stock's return on equity stands at a modest 5.10%, suggesting challenges in profitability. Overall, Taiji Computer Corp.'s performance highlights a trend of underachievement relative to market benchmarks, raising questions about its financial health and growth prospects.