Xiamen Tungsten Stock Hits Day Low Amid Price Pressure at CNY 59.31

Xiamen Tungsten Co., Ltd. experienced a notable decline today, with the stock dropping by 4.92% to touch an intraday low of CNY 59.31. This performance contrasts with the broader market, as the China Shanghai Composite index fell by only 1.26% during the same period. Despite today's downturn, Xiamen Tungsten has shown strong performance over the past month, gaining 21.9%, and has delivered an impressive 204.02% return over the last year. The company's market capitalization stands at CNY 83,955 million, categorizing it as a large-cap entity within the minerals and mining industry. Financial metrics indicate a solid position, with a return on equity of 15.50% and a low debt-equity ratio of 0%. The company also boasts a high dividend yield of 1.02%. While today's activity reflects a short-term setback, Xiamen Tungsten's long-term performance remains robust, having outperformed the China Shanghai Composite over various time frames, including the last three years.