Zhejiang Great Southeast Hits Day Low of CNY 4.16 Amid Price Pressure

Zhejiang Great Southeast Co., Ltd., a mid-cap player in the packaging industry, experienced a notable decline of 5.39% on June 23, 2026, reaching an intraday low of CNY 4.16. This performance stands in contrast to the China Shanghai Composite, which fell by 1.37% on the same day. Over the past week, Zhejiang Great Southeast has seen a slight decrease of 1.41%, while its one-month performance reflects a gain of 9.07%. However, the company has faced challenges in long-term growth, with net sales declining at an annual rate of 5.29% and operating profit plummeting by 164.06% over the last five years. Financial metrics indicate a low return on capital employed (ROCE) of 4.89%, suggesting limited profitability relative to total capital. The company's net profit for the first half of the year dropped by 75.3%, and its inventory turnover ratio is at a low of 3.9 times. Despite a year-to-date performance of 26.43%, the stock's valuation appears high with a price-to-book ratio of 2.46 and a return on equity of just 0.65%.