A large number of funds inflow or outflow to stock price fluctuations, up and down repeatedly, this is the so-called "stock speculation", investors are to grasp the price fluctuations of these stocks, go with the trend, step on the rhythm to do trading, is to buy at a low price and sell at a high price for profit. But there are always unexpected things.
On February 17, Jihong shares opened directly down to a stop, selling more than 90,000 lots. As of the date of publication, the company's stock price is 16.09 yuan, and the total market value is 6.235 billion yuan.
The reason for the stock price fluctuations is related to a piece of news.
According to media reports, Zhuang Hao, the controlling shareholder of Jihong Shares, had differences with Deyang Commercial Investment, Deyang Development Holding Group Co., Ltd. and Deyang State-owned Assets Supervision and Administration Commission on the use of funds, so the agreement to transfer shares was terminated.
On November 29 last year, Zhuang Hao and co-actors Zhuang Shu, He Jingying, Zhang Heping and Tibet Yongyue signed a share transfer agreement with Deyang Commercial Investment co., Ltd., transferring about 47.29 million shares held in total to the latter at a price of 19.35 yuan per share. If the transaction is completed, the Deyang State-owned Assets Supervision and Administration Commission will become the actual controller of the company.
Still, the deal ended up yellow.
According to the data, Jihong shares were listed in July 2016, and began to come out of a wave of the main rising wave in May 2020, and its stock price rose from the highest near 16 yuan to 49.24 yuan, with a cumulative increase of more than 200%, that is, up 2 times.
However, since September 2020, Jihong shares have entered a downward channel. Compared with the high point of 49.24 yuan, the current stock price has fallen by more than 66%, achieving a waist cut.
In the scale shareholder group, some investors joked, "Jihong shares have a number of popular concepts such as liquor and ByteDance, and the stock price is still staged on a roller coaster, without performance support, it is certain that the cattle cannot rise."
In April 2020, Jihong co., Ltd. said that the cooperation model with ByteDance is a two-way model, and the company's main platform for internet celebrities to deliver goods is Tik Tok and other social platforms.
On June 28, 2021, Jihong Co., Ltd. announced the acquisition of not less than 70% of the equity of Guizhou Diaoyutaigong Liquor Co., Ltd., and then held the assets of "Gujiao Liquor". But soon, the Shenzhen Stock Exchange issued a letter of concern, asking the company to explain the necessity of acquiring the target assets at a high premium and whether it catered to the hot speculation of stock prices.
From the perspective of performance changes, the net profit attributable to Jihong shares in 2020 was 558.7 million yuan, an increase of 71.25% year-on-year. The latest performance forecast shows that the company expects net profit attributable to 2021 to be 234 million yuan to 259 million yuan, down 53.64% to 58.12% year-on-year.
Jihong shares explained that "due to the long-term continuation of the epidemic and the increasingly fierce market competition, the company's cross-border e-commerce business transportation costs and advertising expenses have risen sharply, while the overall unit price of customers has dropped significantly, so although the scale of orders and revenue has still increased, the profitability has been adversely affected to a large extent, resulting in a decline in net profit.".
Some investors also mentioned that "Jihong shares have received regulatory letters before, because the related party transactions were not disclosed in a timely manner and the financial assistance provided to the equity incentive recipients in violation of the law" was provided.
According to public information, Jihong Purchased 11.934 million yuan of advertising services from related parties in 2021, but failed to fulfill the information disclosure obligation of related party transactions in a timely manner. In addition, in August last year, the company provided financial assistance for some incentive recipients to obtain restricted shares in the name of paying for the purchase of goods and advertising fees, involving an amount of more than 14 million yuan.
Some shareholders complained, "Last month, the meat cut loss was more than 240,000, and a car was gone."
What do you think of the Jihong shares of the waist chop?