Zhejiang Longsheng Stock Hits Day Low Amid Price Pressure, Reaches CNY 10.91

Zhejiang Longsheng Group Co., Ltd., a prominent player in the Chemicals & Petrochemicals sector, experienced a significant decline today, with its stock price dropping by 8.36% on June 18, 2026. The stock reached an intraday low of CNY 10.91, reflecting a notable shift in market sentiment. Despite this day's downturn, the company has shown resilience over the past year, generating a return of 68.61%. However, its recent performance metrics indicate some underlying challenges. The company reported a net sales figure of CNY 3,165.69 million and an operating profit of CNY 360.83 million, both of which are at their lowest for the quarter. Additionally, the inventory turnover ratio stands at a low 0.37 times, suggesting potential inefficiencies in inventory management. Zhejiang Longsheng's return on equity is currently at 6.42%, with a price-to-book ratio of 0.93, indicating an attractive valuation relative to its book value. The stock's dividend yield is also noteworthy at 4.27%. Overall, while the stock has faced challenges today, its long-term performance metrics present a mixed picture in the context of the broader market.