XiaMen HongXin Stock Hits Day Low of CNY 31.72 Amid Price Pressure

XiaMen HongXin Electron-tech Group Co. experienced a notable decline today, with the stock dropping by 3.87% on February 24, 2026. The stock reached an intraday low of CNY 31.72, reflecting a challenging trading session. Despite this downturn, the company has shown resilience over the past week, with a performance increase of 6.83%. Over the past month, XiaMen HongXin has maintained a positive trajectory, rising by 6.87%. However, its year-to-date performance stands at 15.91%, which is significantly higher than the China Shanghai Composite's 2.85%. Financial metrics indicate that the company has a market capitalization of CNY 14,638 million and a debt-to-equity ratio of 1.57, suggesting a high level of leverage. The return on equity (ROE) is currently at -1.90%, indicating challenges in generating profit relative to shareholders' equity. Despite these hurdles, the company reported a net sales growth of 20.69% for the first nine months, alongside a net profit of CNY 81.65 million. Overall, XiaMen HongXin's performance metrics highlight a complex financial landscape amid today's stock activity.