Venustech Group Inc. Hits Day Low at CNY 14.23 Amid Price Pressure

Venustech Group Inc., a large-cap player in the IT hardware sector, experienced a notable decline today, with its stock dropping by 3.5% to touch an intraday low of CNY 14.23. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past month, Venustech has seen a decrease of 6.34%, while its year-to-date performance remains slightly positive at 1.42%. However, the company has faced significant challenges over the longer term, with a staggering 50.36% decline over the past three years and a 52.47% drop over the last five years. Financial metrics indicate a concerning trend, as the company has reported negative net profit for six consecutive quarters, with a net profit of CNY -29.73 million and a pre-tax profit of CNY -64.77 million. The return on capital employed (ROCE) stands at a low -0.96%, reflecting ongoing difficulties in generating sustainable profits. With a market capitalization of CNY 10,779 million, Venustech continues to navigate a challenging landscape in the IT hardware industry.