Tonze New Energy Hits Day Low of CNY 38.29 Amid Price Pressure

Tonze New Energy Technology Co., Ltd. experienced a significant decline today, with the stock dropping by 5.94% and reaching an intraday low of CNY 38.29. This performance stands in contrast to the China Shanghai Composite, which fell by only 1.26% on the same day. Over the past month, Tonze has seen a decrease of 12.08%, while its year-to-date performance reflects a decline of 17.08%. Despite a remarkable annual performance of 354.01%, the company's recent financial metrics indicate challenges. The net profit for the half-year period was reported at CNY -1,202.88 million, showcasing a dramatic decline of 1,315.17%. Additionally, the return on capital employed (ROCE) has reached a low of -33.46%, and the debt-equity ratio stands at a high of 29.64%. With a market capitalization of CNY 15,280 million, Tonze operates within the electronics and appliances sector. The stock's current trading conditions suggest a heightened level of risk compared to its historical valuations, as profits have fallen significantly despite previous high returns.