Xiamen King Long Stock Hits Day Low Amid Price Pressure at CNY 18.31

Xiamen King Long Motor Group Co., Ltd. experienced a notable decline today, with the stock dropping by 3.41% to touch an intraday low of CNY 18.31. This performance contrasts with the China Shanghai Composite, which fell by 1.26% on the same day. Over the past week, Xiamen King Long has shown a slight increase of 1.55%, while its monthly performance reflects a decrease of 3.52%. However, the company has demonstrated strong annual growth, boasting a 32.3% increase compared to the China Shanghai Composite's 22.49%. The company's financial metrics indicate a robust position within the automobile industry, highlighted by a remarkable net profit growth of 1211.04% reported in September. Xiamen King Long has maintained consistent returns over the past three years, outperforming the China Shanghai Composite in each of the last three annual periods. With a market capitalization of CNY 12,986 million, the company maintains a P/E ratio of 26.00 and a return on equity of 14.51%, reflecting its solid financial health and operational efficiency.