Xin Feng Ming Group Hits Day Low of CNY 21.13 Amid Price Pressure

Xin Feng Ming Group Co. experienced a notable decline today, with the stock dropping by 3.76% and reaching an intraday low of CNY 21.13. This performance contrasts with the broader market, as the China Shanghai Composite index fell by only 1.26% during the same period. Over the past week, Xin Feng Ming Group has shown a slight increase of 2.01%, but its one-month performance remains nearly flat at -0.05%. In the longer term, the company has demonstrated significant growth, with a 67.48% increase over the past year, outperforming the China Shanghai Composite's 22.49% gain. However, the stock's performance over the last five years has been modest, with a growth rate of 9.08%, lagging behind the index's 11.68%. Financial metrics indicate that Xin Feng Ming Group operates with a debt-to-equity ratio of 1.28, reflecting a high level of debt. The company has faced challenges in profitability, as evidenced by a pre-tax profit decline of 56.48% and a return on equity of 6.13%. Additionally, raw material costs have surged by 128.17% year-over-year, impacting overall financial health.