Gate News message, April 21 — Enjvyco, a leading liquid cooling solution provider, saw its stock plunge to a daily limit-down at market open, closing at 108.97 yuan per share with a 10% decline. The company attributed the sharp drop to margin compression, stating that gross profit margin erosion was driven by product portfolio adjustments and higher provisions for doubtful receivables due to extended project cycles and prolonged collection periods.
The company also cited foreign exchange losses in its financial expenses and noted that operating cash flow deteriorated primarily due to supplier payments coming due and increased employee compensation. Despite these challenges, Enjvyco stated that its operations remain normal and urged investors to await further official announcements.
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