Zhejiang Meili Stock Hits Day Low of CNY 30.80 Amid Price Pressure

Zhejiang Meili High Technology Co., Ltd. experienced a significant decline today, with the stock dropping by 8.89% as it reached an intraday low of CNY 30.80. This performance stands in contrast to the China Shanghai Composite, which gained 0.7% on the same day. Over the past week, the stock has decreased by 4.49%, while it has shown a robust increase of 19.91% over the last month. Despite today's downturn, Zhejiang Meili has demonstrated impressive long-term performance metrics. The company has achieved a remarkable 187.15% increase over the past year and an even more substantial 273.82% rise over the last three years. Additionally, year-to-date performance reflects a gain of 191.77%, significantly outperforming the China Shanghai Composite's 19.83% increase. Financially, Zhejiang Meili boasts a market capitalization of CNY 4,553 million and a P/E ratio of 32.00. The company has reported positive results for nine consecutive quarters, with a notable return on capital employed (ROCE) of 12.66% and a significant reduction in raw material costs by 23.37% year-over-year.