Zhejiang Zhongxin Fluoride Hits Day Low Amid Price Pressure at CNY 24.60

Zhejiang Zhongxin Fluoride Materials Co., Ltd. experienced a significant decline in its stock price today, dropping by 6.62% and reaching an intraday low of CNY 24.60. This performance stands in contrast to the China Shanghai Composite, which saw a minor decrease of 0.19% on the same day. Over the past week, the stock has declined by 6.52%, and its monthly performance reflects a more substantial drop of 14.06%. Despite these recent challenges, the company has shown remarkable growth over the past year, with a return of 147.7%, significantly outperforming the China Shanghai Composite's 20.88% increase. However, the company faces ongoing financial difficulties, having reported negative results for the last nine consecutive quarters. Key metrics indicate a concerning trend, with net profit for the half-year at CNY -139.42 million and operating cash flow at a low of CNY -103.23 million. The stock's high dividend yield of 0% and negative EBITDA further highlight the financial risks associated with Zhejiang Zhongxin Fluoride Materials Co. As it navigates these challenges, the company's market position remains under scrutiny.