laitimes

Xiaokang shares were rumored to be involved in insider trading Official response: uninformed and uninvolved

Finance network auto news, a few days ago, the network rumors that the former chief strategist of Zhongtai Securities Chen Long "suspected of insider trading" missing contact and was arrested, the rumored suspected insider trading refers to Huawei's car partner Xiaokang shares. According to the news, the small group of more than 20 people involved in the incident was arrested, and the general manager of the quantitative department of the public fund responsible for taking over the floating capital chips was also investigated.

On the evening of January 17, Jin Fangyi, the former quantitative director of a public fund, responded to the media, saying, "My work and life are normal, thank you for your concern." Subsequently, Jin Fangyi said in his circle of friends that "the Internet is absolutely illegal, and rumors are legally responsible." ”。

On January 18, according to the Shanghai Securities News, Chen Longqing, the former chief strategist of Zhongtai Securities Research Institute, had been arrested or suspected of manipulating securities and insider trading.

According to reports, both Jin Fangyi and Chen Long have left their posts from their units. Chen Long was deregistered from Zhongtai Securities on November 15, 2021, and has not worked in any securities company since then, and Jin Fangyi left Everbright Prudential on November 20, 2021.

On January 18, Chongqing Xiaokang Industrial Group Co., Ltd. (Xiaokang Shares: 601127) issued a clarification announcement saying that the company was concerned that on January 17, 2022, there were rumors on the Internet that a person from a securities research institute and a quantitative person from a public fund were suspected of manipulating securities and insider trading with Huawei.com. The company has verified the relevant contents, in order to avoid misleading investors, it is clarified as follows: Xiaokang shares are not aware of the above matters and have not participated in the relevant violations of laws and regulations.

Xiaokang shares were rumored to be involved in insider trading Official response: uninformed and uninvolved

The relevant person in charge of Xiaokang shares said that the cooperation between Xiaokang shares and Huawei is currently normal, and all the management and employees of Xiaokang shares are actively preparing to ensure the high-quality batch delivery of the new M5 car. Xiaokang co., Ltd. always adheres to legal and compliant operation, adheres to the "quality leadership of high-quality strategy", brings wisdom into the car, brings smart cars into the better world, and creates the greatest benefits for shareholders.

From the perspective of the stock price performance of Xiaokang (SH:601127), the stock price of Xiaokang shares soared from 16.54 yuan per share to 59.55 yuan per share in 2021, an increase of 248.65%. In 2021, the stock price of Xiaokang shares reached a record high of 83.83 yuan / share, and the highest market value exceeded 100 billion.

On January 18, Xiaokang shares opened at 45.75 yuan / share, down 3.09%, and then the stock price rose rapidly. As of the close of trading on January 18, Xiaokang shares were quoted at 51.93 yuan / share, up 10%, with a total market value of 70.621 billion, the current dynamic price-earnings ratio of -48.89, and the static price-earnings ratio of 40.85.

Xiaokang shares were rumored to be involved in insider trading Official response: uninformed and uninvolved

According to public information, in January 2019, Xiaokang and Huawei held a signing ceremony, and the two sides will comprehensively promote cooperation in the field of new energy vehicles. In April 2021, Xiaokang and Huawei signed a new energy vehicle cooperation agreement for Xilis to further cooperate in the fields of new energy and intelligent networked vehicles, intelligent terminals, and 5G intelligent manufacturing. Also from April 2021, the stock price of Xiaokang shares began to rise sharply, only seven times in April, with an amplitude of 112.52%.

In the same month, the controlling shareholder of Xiaokang Shares received the Administrative Penalty Decision letter from the China Securities Regulatory Commission, saying that Xiaokang Holdings failed to inform Xiaokang Shares of its cooperation with Sino-Singapore Sunac to buy Xiaokang shares in accordance with the regulations, resulting in Xiaokang Shares' periodic reports failing to truthfully disclose the concerted action relationship of the top ten shareholders.

The stock price boom didn't stop in April. In 2021, Xiaokang shares rose from 16.54 yuan / share all the way to 59.55 yuan / share, up 248.65%, the highest price in the year reached 83.83 yuan / share, the highest market value exceeded 100 billion.

According to Sohu Finance, in 2021, Xiaokang shares rose and stopped a total of 28 times, with a range amplitude of 415.11%, and in the face of abnormal fluctuations in stock price trading, Xiaokang shares also launched many announcements. When Xiaokang shares rose sharply in 2021, its controlling shareholders were reducing their holdings in the company's shares.

In October 2021, CICC, the continuous supervision broker of Xiaokang Shares, gave Xiaokang Shares a target price of 81.00 yuan and a rating that outperformed the industry. CICC said that Xiaokang co., Ltd.'s technical reserves, manufacturing capabilities and previous cooperation experience accumulation complement each other's advantages with Huawei, and at the same time, Xiaokang Co., Ltd. is currently a cooperative car company that has entered the smart selection channel, with a deep degree of cooperation and a fast progress in model launch, and CICC is optimistic about the performance of new models to be listed soon.

On November 19, 2021, Xiaokang Holdings reduced its holdings of 27.1986 million shares of Xiaokang shares, accounting for 2% of the total share capital of the company, through a block transaction. If calculated based on the closing price of Xiaokang shares on the same day of 62.10 yuan per share, Xiaokang Holdings reduced its holdings by 1.689 billion yuan. However, its announcement shows that the after-tax transfer funds obtained by Xiaokang Holdings through the transfer of this large transaction will be used to support the business development of Xiaokang shares after performing the corresponding review procedures.

In December 2021, the stock price of Xiaokang shares began to contract, and by the close of trading on December 31, 2021, Xiaokang shares were reported at 59.55 yuan per share. In January 2022, the stock price of Xiaokang shares continued to fall, and on January 14, the stock price of Xiaokang shares reached 44.26 yuan, until it began to rebound on January 17, and ushered in a limit on January 18.

From the perspective of revenue and net profit, from 2018 to 2020, Xiaokang co., Ltd. achieved operating income of 20.240 billion yuan, 18.132 billion yuan and 14.302 billion yuan, down 7.72%, 10.41% and 21.12% respectively year-on-year. From 2018 to 2020, the net profit attributable to xiaokang shares was 95.4036 million yuan, 66.7215 million yuan and -1.728 billion yuan, down 86.84%, 30.06% and 2690.76% respectively year-on-year. In the first three quarters of 2021, Xiaokang achieved operating income of 11.450 billion yuan, an increase of 24.11% year-on-year; net profit attributable to the mother loss was 1.083 billion yuan, a decrease of 49.34% over the same period of the previous year.

In terms of sales, Xiaokang co., Ltd. sold 41,440 new energy vehicles in 2021, an increase of 104.39% year-on-year; sales of other models were 225,200 units, down 11.11% year-on-year.

Read on