Wuxi Paike Stock Hits Day Low of CNY 108.80 Amid Price Pressure

Wuxi Paike New Materials Technology Co., Ltd. experienced a notable decline today, with the stock dropping by 3.76% as it reached an intraday low of CNY 108.80. This performance stands in contrast to the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Wuxi Paike has seen a more significant decline of 6.8%, while its monthly performance shows a slight decrease of 1.55%. Despite a strong annual performance of 111.24%, the company has faced challenges in the short term, with a year-to-date increase of 7.8%. However, its three-year performance reflects a decline of 20.88%, indicating potential difficulties in sustaining growth. Key financial metrics reveal a low return on capital employed (ROCE) of 5.65% and an inventory turnover ratio of 2.58 times, both of which are at their lowest levels. The company's market capitalization stands at CNY 13,450 million, with a price-to-earnings ratio of 32.00 and a dividend yield of 0.68%.