7 days 6 up limit! Another "big demon stock" has been released, and the actual controller has just announced a reduction in holdings
ChatGPT, which came out this year, not only subverted many traditional industries, but also gave birth to a new photoelectric transmission technology photoelectric co-assembly (CPO) due to the huge computing power demand of this explosive application, which in turn broke the normal industrial cycle of the optical module industry.
In A-shares, the CPO concept was born by ChatGPT, so far, the CPO concept index has been higher than the ChatGPT concept index, since the birth of these new concepts this year, the CPO concept has risen by more than 63%, and the ChatGPT concept has risen by about 50%.
At present, the first half of 2023 is about to pass, and after crazy hype about ChatGPT, A-shares are now chasing optical modules again.
The optical module is out of the "monster stock" again
Optical module as an important component of the optical communication field, its cycle is generally subject to the cycle fluctuation of the optical communication industry, the fluctuation cycle is about 3 to 4 years, the last time the optical module sector rose sharply was in 2019 when 5G construction broke out, to this year is indeed to open another cycle.
However, this year, under the birth of ChatGPT, a popular application, the A-share optical communication sector rose much faster than in 2019. Taking the leading Zhongji Xuchuang (300308.sz) as an example, the cumulative maximum increase from the end of 2018 to July 2020 was less than 2 times, and it exploded more than 3 times in just 5 months this year!
Recently, the stock prices of optical module leaders such as Xinyisheng (300502.sz) have obviously slowed down after rising to a high level, and the stock prices of some optical module companies at the bottom of the industry have begun to be speculated.
Mainly engaged in magnetic components, communication optoelectronic components, communication power supply system equipment in the field of network communication, Mingpu Optics (002902.sz) is a new optical module "big monster stock" in A-share 5 days and 5 up limits in the past 7 trading days.
According to the financial report of Mingpu Optomagnetics, the company's optical communication product revenue in 2022 will be 590 million yuan, accounting for 25.41%, which is indeed too far behind the revenue of nearly 10 billion yuan of the leading Zhongji Xuchuang and the income of more than 3.3 billion yuan of Xinyisheng, but this does not affect the market speculation of its stock price!
(Screenshot of Mingpu Magnetic's stock price trend)
From the perspective of the stock price trend of Mingpu Optics Magnetics, the price limit on May 30 is the starting point of this wave of market, and combined with the dynamic information of the company's interactive platform, in fact, this wave of rise is not unrelated to the positive "interaction" of the company's interactive platform!
On May 30, the company concentrated on replying to some questions raised by investors, in which the company repeatedly emphasized the company's optical module products, as well as F5G, liquid cooling and other hot topics that are being hyped by the market recently.
On May 30, Mingpu Optics said on the interactive platform that "subsidiary Dongguan Ansheng products support the development of 1.6TB optical modules", "launched low-cost, dual-rate data center full series of optical module products", "and "jointly developed the world's first communication optical storage system based on liquid-cooled safety technology with China Telecom". On June 2, it was said on the interactive platform that 400G optical modules have been delivered in batches, and 800G optical modules are under research.
(Screenshot of Mingpu Optical Magnetics Interactive Platform)
(Screenshot of Mingpu Optical Magnetics Interactive Platform)
Indeed, Mingpu Optics does have optical module products, but why did the company's stock price not rise with the industry leader, but suddenly violently rose? There is actually a reason behind it.
Performance plummeted, and additional issuance was rejected
To be precise, it is not that the stock price of Mingpu Optical Magnetics did not rise with the leader before, and it did rise a little before, but the stock price directly plunged by more than 30% in the month before and after the company's earnings report, returning to the low point of the stock price at the beginning of the year.
On April 18, Mingpu Optics released both the annual report and the first quarterly report, with a revenue of 2.323 billion yuan in 2022, a year-on-year increase of 4%, a net profit attributable to the parent of 68.8778 million, a year-on-year increase of 218.77%, a revenue of 529 million yuan in the first quarter of this year, a year-on-year increase of 1.65%, and a net profit attributable to the parent of 5.6752 million, a year-on-year decrease of 72.70%.
(Screenshot of Mingpu Optical Magnetics Quarterly Report)
From the financial data, the performance of Mingpu Optics in 2022 is still very good, for unknown reasons, it plummeted by more than 72% in the first quarter of this year. This sharp rise and fall performance actually shows that the company's performance is very unstable, in fact, it has not been stable since the company's listing, and some are just stable declines!
(Source: Flush website)
Mingpu Optics was listed in 2017, how good and stable the company's performance before listing, but after the listing, it was completely different, just like suddenly changed a company, the net profit began to continue to decline until the loss.
However, under such performance, Mingpu Optics and Magnetics also wanted to expand production through additional issuance in the secondary market, and the additional issuance plan was directly rejected, but the company is not dead!
On September 30, 2022, Mingpu Optomagnetics released an additional issuance plan, intending to raise 455 million yuan in a non-public offering, which will be invested in photovoltaic energy storage, on-board BMS, safe intelligent optical storage and supplementary working capital and other projects. However, on January 11 this year, the application was "inadmissible" because the application did not comply with the legal form.
However, the company did not "admit defeat", saying in the announcement that it "will coordinate all parties in light of the actual situation, modify, supplement and improve the materials of this private offering, and resubmit them after the completion of relevant work".
(Screenshot of Mingpu Magnetic's announcement)
Interestingly, Mingpu Optics has changed three versions of this additional application material.
The first revision on February 24 revised the items such as debt service risk and financial indicators; On April 22, the second revision revised the amount of funds raised, from the previous 455 million to 429 million, revising the dividend situation for the past three years; on May 20, the third revision revised the raised funds to 417 million, and finally submitted the draft declaration on June 5.
(Screenshot of the additional issuance plan on September 30, 2022)
(Screenshot of the additional application draft issued on June 5)
Compared with the original plan and the final declaration draft after three revisions, the main thing is to reduce the amount of funds raised by each project, and the largest decrease is the part of the fundraising used to supplement liquidity!
However, although the draft application was finally submitted after several revisions, it is still unknown whether the additional issuance can be approved and whether the additional issuance can be successful.
Before the big rise, the actual controller just announced the reduction of holdings
What is more interesting than the "perseverance" revision and additional issuance of documents is that Mingpu Magnetic, a "new star" of the optical module, has actually begun their road of reducing holdings and cashing out, just before the stock price soared, the actual controller couple also released their respective reduction plans one after another.
On March 22, Mingpu Optics announced that Yang Xianxin, the actual controller, intends to reduce his holdings by no more than 4.2244 million shares through block transactions within 6 months after 3 trading days, accounting for 2% of the company's total share capital, and the reason for the reduction is its own capital needs. On April 27, Mingpu Optics announced that Jiao Caihong, the concerted action of the actual controller Yang Jinxin, intends to reduce his holdings of no more than 1.4652 million shares through auction trading within 6 months after 15 trading days, and the reason for the reduction is his own capital needs.
It is worth noting that the actual controller Yang Xianxin and his concerted actor Jiao Caihong are husband and wife, one is the boss and the other is the boss wife!
(Screenshot of Mingpu Magnetic's announcement)
(Screenshot of Mingpu Magnetic's announcement)
Just after the boss and the boss's wife announced that they would reduce their holdings, the stock price that plummeted due to the company's performance also began to stop falling and rise, starting to rise from May 15 to today, including the last 7 days and 6 limit increases, Mingpu Magnetic's stock price has risen by more than 113%.
According to today's closing price of 29.17 yuan / share, the boss and the boss lady can cash out more than 150 million this time!
In fact, according to the data of Flush iQiancai, since the listing of Mingpu Optics in 2017, the company's shareholders have cumulatively reduced their holdings and cashed out more than 180 million, of which the actual controller couple cashed out more than 83.76 million, and Dachen Venture Capital cashed out more than 88.77 million.
In contrast, the performance of Mingpu Optics since its listing, due to the serious performance change after listing and the loss in 2021, the cumulative non-net profit achieved by the company since its listing 5 years ago is only 41.5073 million, and even half of the cash amount that the actual controller couple has reduced their holdings!
To sum up, Mingpu Optomagnetics, which has recently been the "little brother" of the optical module industry, has announced the reduction of holdings by the actual controller and his wife, and the company's focus on hot concepts such as optical modules and liquid cooling on the interactive platform, the company's stock price has suddenly skyrocketed, and it seems that there is a lot of possibility to prepare for the actual controller couple to reduce their holdings and cash out at a high level.