Text | Yang Wanli
What are the biggest features of A-shares in 2022? 2 words: lose money.
On February 11, Tesla concept stock Ningbo Huaxiang opened sharply lower, and the opening touched the stop plate after only 4 minutes. As of the date of the document, the company fell by about 9.88%, the stock price was about 18.16 yuan, and the total market value was about 14.78 billion yuan.
Judging from the news side, there is no obvious bearishness for the time being. However, today's auto parts sector performance is average, Bethel, Iacodi, Chervon Automobile and other stocks fell more than 5%.
Ningbo Huaxiang has entered a downward channel since rising to a high of 25.19 yuan on January 17 this year. In just 14 trading days, the company has fallen by more than 27%.
In the scale shareholder group, some investors said, "Ningbo Huaxiang's recent stock price performance is not good, one is that the early stage has risen more, the market is cautious about high-level stocks; the second is that the performance data in 2021 is less than the outside world expects."
On January 19, Ningbo Huaxiang's performance forecast showed that it is expected that the net profit attributable to the shareholders of the listed company in 2021 will be about 1.189 billion yuan to 1.317 billion yuan. However, the data previously predicted by brokerage institutions was that the company's net profit attributable to the company in 2021 would be 1.4 billion yuan. It is not difficult to find that the data of the two sides are at least 80 million or more different.
Some investors complained, "The institutions ran away early." For example, as of the end of last year, the public fund held the company's market value of only 599 million yuan, which was 552 million yuan less than the end of the third quarter of last year. In addition, from January 26 to February 10, foreign investors sold net for 8 consecutive trading days, accumulating more than 5.43 million shares."
According to the data, ningbo Huaxiang's main business includes interior parts, metal parts, exterior parts, electronic parts, etc.
Ningbo Huaxiang is considered by securities companies to be a leading enterprise in trim strips, binding new energy vehicle companies such as Tesla and Weilai, and at the same time developing Japanese car companies represented by Toyota. In addition, the company is also developing the automotive electronics business, and has now laid out new energy-related products to supply products for Tesla's model Y.
Thanks to the improvement of the prosperity of the new energy vehicle industry chain, auto parts stocks represented by Ningbo Huaxiang have come out of a big bull market. The K-line shows that the company rose from a low of 9.96 yuan in February last year to 24.26 yuan, an increase of more than 105%.
We are concerned that there is a big controversy about the actual controller of Ningbo Huaxiang, mainly referring to the company's large dividends on the one hand, and the actual controller on the other hand participating in the fixed increase event at a low price.
In the second half of 2021, Ningbo Huaxiang announced that it would pay a cash dividend of 32 yuan (including tax) to all shareholders for every 10 shares, with a total cash dividend amount of 2.004 billion yuan.
Looking back at history, Ningbo Huaxiang was listed from 2005 to 2020, with a total cash dividend of less than 1.2 billion yuan. The 2 billion dividends implemented last year have exceeded the profits created in 2019 and 2020.
Ningbo Huaxiang once responded, "Considering the stable sales relationship between the company and the main engine factory, the payment collection period has not changed and other factors, the profit distribution will not affect the company's daily operations, research and development investment, etc." ”
The biggest beneficiary of the large dividend is the actual controller Zhou Xiaofeng. Some financial media have questioned this, which may provide funds for the actual controller to subscribe for fixed increase shares.
Last year, Ningbo Huaxiang issued a fixed increase plan for Ningbo Fengmei Industrial Co., Ltd. ("Ningbo Fengmei"), and the actual controller behind it is Zhou Xiaofeng and his co-actors.
Ningbo Huaxiang announcement shows that Ningbo Fengmei intends to receive shares at a price of 12.31 yuan per share. Even if the company's stock price has fallen recently, Ningbo Fengmei's floating profit is still more than 40%.
How Ningbo Huaxiang is performing in the future, we will continue to pay attention!