Why did Canaan technology stock fall?

1. In the stock market, it is normal for the stock price to go up and down. However, the analysis of the reasons for the stock price decline of Canaan Science and Technology should be combined with the time point. Because I don't know the specific time, I can't judge the reason for the stock price decline. However, in China stock market, the decline in share price is probably due to the impact of the market index crash.

2. Canaan Science and Technology Group is a regional enterprise group, which owns a number of wholly-owned or holding subsidiaries such as Zhejiang Canaan Science and Technology Co., Ltd., Shanghai Canaan Health Food Co., Ltd., Yongjia Fangzheng Valve Denso Co., Ltd. and Yongjia Guoli Foam Nail Co., Ltd., and its business scope covers pharmaceutical machinery, chemical machinery, valves, electronic and electrical, medicine, health food and so on. Zhejiang Canaan Technology Co., Ltd. is located in Yongjia Industrial Park, Wenzhou City. The registered capital is 40 million yuan, covering an area of 23,200 square meters, and the company has 370 employees.