At the weekend, I looked at the overall performance of A shares this year, I didn't know it, I was shocked to see it, although there were 10 stocks that doubled in just over a month in 2022, but only about 1,000 of the more than 4,700 stocks in the entire A-share during the same period rose.
This means that nearly 80% of stocks have fallen this year, of which 23 have fallen by more than 40% and as many as 120 have fallen by more than 30%!
In this market environment, it is not easy to double the stock price, in addition to the new shares in the 10 doubling stocks, several other doubling stocks must have the support of concept speculation, the digital currency leader Cuiwei shares have tripled, the people's explosive concept leader Poly United has doubled 1.2 times, and the digital economy concept leader Jincai Interconnection has increased by nearly 1.2 times.
Today, the three major A-share stock indexes continue to bottom out, and these high-level stocks that have doubled during the year have also plummeted, with Cuiwei shares (603123.sh) falling to a halt, and Jincai Internet (002530.sz) once falling to a halt...
Before the Spring Festival, I have already talked to you about Cuiwei shares, and today I will talk about the Interconnection of Gold and Wealth.
The doubling of the demon stock once flashed and fell to a halt
Since the end of October last year, with the introduction of the national "14th Five-Year Plan for the Development of the Digital Economy", A shares have set off a wave of speculation on digital currencies and digital economy, and the leaders who led the rise are Cuiwei shares and Jincai Internet.
Cuiwei shares because its acquired subsidiary Haike Rongtong has a third-party payment license, and nearly 70% of the company's revenue comes from the income of Haike Rongtong's third-party payment fees; Jincai Internet is because it involves Internet finance and taxation business and involves the concept of digital economy.
From the perspective of business structure, Jincai Interconnection includes two major business sectors: heat treatment and Internet finance and taxation.
Among them, the heat treatment business includes heat treatment equipment manufacturing, professional heat treatment processing services, heat treatment equipment after-sales service, heat treatment process technology consulting services, belongs to the typical machinery manufacturing industry, the first half of 2021 revenue accounted for 56.99%; Internet finance and taxation business is mainly for financial and tax service agencies, small and medium-sized enterprises, platform-based enterprises to provide "fiscal and tax SaaS+ value-added services", products include tax-oriented tax series for tax authorities, golden series for enterprises and system integration services. Among them, enterprise cloud service revenue accounted for 18.94%, and electronic tax revenue accounted for 24.07%.
Since the end of October last year, the company's stock price has risen from the lowest 5.45 yuan all the way to the highest 15.83 yuan, a sharp increase of 190%, on January 12, the "14th Five-Year" Digital Economy Development Plan was officially released, the company's stock price is even more up and down 7 boards, the strength is much higher than jiuan medical at that time!
(Screenshot of the stock price trend of Jincai Internet)
However, this morning, this doubling demon stock suddenly crashed and stopped, and by about 2:30 p.m., a large number of large buy orders suddenly appeared, opening the fall stop!
(February 14, Jincai Internet time-sharing trend)
From the perspective of the five gears of the gold and wealth interconnection, the rocker is obviously not a reversal of the market, or there is a sudden entry of large funds, but a bit of a left hand upside down right hand self-rescue and escape feeling, some people spend money to buy the fall stop board, but take the opportunity to sell more people, only 15 minutes after the opening of the board again sealed the fall stop, three minutes before the closing and then opened the fall stop, and finally closed down 8.91%!
After the sharp rise of nearly 2 times, this time to grab the fall stop board, really think it is the next Jiuan medical?
Major shareholders frequently reduce their holdings
As we all know, in A shares, after the short-term sharp rise in the stock price, the major shareholders often take the opportunity to reduce their holdings and cash out, and the Gold and Wealth Interconnection is no exception, what is different is that it is not others who take advantage of the high stock price to reduce their holdings but the former actual controller of the company, because the company is currently a company without an actual controller.
According to the company's announcement, before January 13, the actual controller Xu Zhengjun reduced his holding of 12.423963 million shares and cashed out 74.42 million yuan at a price of 5.99 yuan through a block transaction; on January 14, he again reduced his holding of 3.16 million shares and cashed out 23.13 million yuan at a price of 7.32 yuan through block transactions, and at the same time disclosed that in order to reduce the stock pledge rate and reasonably control the personal debt ratio, he intends to reduce his holding of 11.4747 million shares in the next 6 months.
(Screenshot of jincai internet announcement)
On January 29, The Company's Japanese shareholder, Orient Engineering Co., Ltd., announced its intention to reduce its holdings by 15.5839 million shares on the grounds of Japan Orient's own business development needs and capital needs.
Of course, this is only the company's shareholders' reduction this year, and the former actual controller Xu Zhengjun only cashed out nearly 100 million yuan by reducing the company's shares in just over a month during the year!
Besides, why is Xu Zhengjun a former actual controller?
The predecessor of Jincai Internet was Fengdong Shares, which was listed in 2010, and the actual controller at the time of listing was Zhu Wenming, when the company's main business was only heat treatment. In 2016, the company acquired 100% of the equity of Fangxin Technology from 8 shareholders such as Xu Zhengjun and Shenzhen Kingdee for 1.8 billion yuan, and at the same time issued additional shares to Zhu Wenming and other shareholders, which constituted a related party transaction and generated goodwill of up to 1.518 billion yuan to the company, and the key figure constituting the related party transaction was the famous Quan Jian boss Shu Yuhui!
(Screenshot of Jincai Interconnection asset restructuring plan)
The company's financial report shows that Shu Yuhui has withdrawn from the company's top ten shareholders in the third quarter of last year.
By April 2021, after the bay area development of the bay area where the actual controller is Xie Li and the consistent actor is Xu Zhengjun, xie li and Xu Zhengjun become the actual controllers of Jincai Internet after receiving 11.45% of the shares of dongrun jincai, the major shareholder, dongrun jincai. In January this year, because of the previous dispute over the transfer of the equity of Dongrun Jincai, Dongrun Jincai applied to the court to revoke the previous share transfer agreement and terminate the relevant contract, and the court ruled that 11.45% of the company's shares held by Bay Area Development should be returned to Dongrun Jincai, and Bay Area Development is no longer the controlling shareholder of the company, and the company currently has no controlling shareholder and no actual controller.
It can be seen that although the company currently has no controlling shareholder and no actual controller, it does not affect Xu Zhengjun, who has been the actual controller for less than a year, to reduce his holdings and cash out!
Huge loss of 2.3 billion yuan in 3 years
Looking down, the equity problem of Jincai Internet in the past two years is still a bit of a picture, although there is no fierce equity battle in the movie, but there is also a little meaning in it, especially it also involves Quan Jian, a large pyramid scheme group.
The picture sense of the company's equity struggle is very strong, and the performance and stock price since Xu Zhengjun joined the owner all the way are also very picturesque, all the way down, down!
Combing through it, the first contact with Xu Zhengjun and others was when Xu Zhengjun and others, the predecessor of Jincai Internet, first contacted Xu Zhengjun and others in 2016 when he acquired Fangxin Technology 100%, and in April 2021, Xu Zhengjun officially became the actual controller and pledged all the shares of the company he held, and the current pledge ratio was as high as 96.70%.
In January this year, it was revoked by the court, and as the court revoked the actual controller's qualifications, he also began to reduce his stake in the company through block transactions.
Follow the timeline related to Xu Zhengjun to see the company's performance and stock price performance.
In terms of performance, after the acquisition of Fangxin Technology, which is actually controlled by Xu Zhengjun in early 2016, the company's performance did show significant growth, with the company's performance of only 46.5568 million in 2016, reaching 228 million and 291 million in 2017 and 2018, respectively.
However, since 2018, the company's nightmare began, with a loss of 679 million yuan in 2019 and a loss of 1.244 billion yuan in 2020, and on January 29 this year, the company announced a loss of 310 million to 400 million yuan in 2021, and the main reason for the loss was the impairment of the goodwill of Fangxin Technology!
(Source: Flush website)
In terms of stock price, 2015 was the craziest time of the bull market, and the superposition company was planning to acquire the asset restructuring plan of Fangxin Technology at that time, and the company's stock price rose by more than 750% from the low level at the end of 2013 to the beginning of 2016, and then it was a long bear road, with a maximum decline of more than 78%.
It can be seen that since Xu Zhengjun all the way from contacting the company to formally entering the company and then to frantically reducing holdings and cashing out, the whole process, the company's performance from small profits directly to huge losses, the stock price has never risen again, short-term take advantage of the market to speculate in the digital economy, it is difficult to return to the blood, but obviously xu Zhengjun's reduction has been pressed down!
Overall, Fangxin Technology, which was acquired by Fengdong shares listed in 2010, may be a good asset, but it paid an excessive price, laying a mine for the company's subsequent sudden huge loss, and Lei, who was bigger than paying too high a price, was the introduction of capital brokers such as Xu Zhengjun.