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The TMT sector continues to make efforts, and low-level and strong artificial intelligence concept stocks are expected to outperform the market in the future.
Today, the main A-share indexes closed in the red, and individual stocks rose more or less; The TMT sector continued to lead the rally, with the computer, media, electronics and other sectors all closing up more than 1%, ranking in the top three gainers. Traditional sectors led the decline, with the coal index down 1%, and sectors such as petroleum and petrochemicals and building decoration leading the decline.
The coal sector fell the most, with weighted Meijin Energy tumbling 7.53%, with a latest market value of nearly 30 billion. In addition, the stock-to-debt swap also plunged more than 13%. On the news, on June 12, the Shenzhen Stock Exchange issued an inquiry letter to the company for its 2022 annual report.
Exchange inquiries
Meijin Energy's "stocks and bonds" both plummeted
On June 12, the Shenzhen Stock Exchange issued an inquiry letter to Meijin Energy for its 2022 annual report, involving ten questions such as the provision for impairment provisions and the pledge ratio of controlling shareholders. Regarding the pledge of controlling shareholders, which the market is more concerned about, the inquiry letter shows that the number of pledged shares of Meijin Energy Group, the controlling shareholder of the company, accounts for 99.42% of the number of shares it holds.
In recent years, the stock has continued to correct, falling nearly 44% last year and more than 25% this year. In this context, the pledge ratio of close to 100% of the controlling shareholder does make people worry about the risk of liquidation.
In addition, according to Wind data, the reference price of the shares pledged by Meijin Energy Group on the starting date is 7.56 yuan, and the latest price has been significantly discounted, and the risk of forced liquidation cannot be ignored.
The performance of the underlying stock also began to drag down its debt conversion. After half an hour of calm opening in the morning, Meijin bonds began to plunge suddenly after 10 o'clock, and the selling pressure was serious, and the volume plummeted by 13.24% to close at 93.135 yuan, which can be called a "cliff-like" kill, and fell sharply below the face value of 100 yuan of bonds. Previously, the bond was only traded a few million yuan per day, and today's turnover is as high as 1.17 billion yuan.
The controlling shareholder has reduced its holdings by 5.5 billion yuan
In addition to a large proportion of pledged equity, Meijin Energy Group is also aggressively reducing its holdings of Meijin Energy shares.
According to data treasure statistics, from 2019 to June 2022, Meijin Energy reduced its shares in the company by up to 3.766 billion yuan through the secondary market, and previously only increased its holdings by 153 million yuan in 2018. According to this calculation, in just a few years, Meijin Energy Group has reduced its shares by more than 3.6 billion yuan.
In addition, at the end of December 2022, Meijin Energy announced a large reduction of its controlling shareholder, and Meijin Group intends to transfer its 220 million shares of the company (accounting for 5.09% of the company's total share capital) to Tianjin Dongfuxinneng Investment Management Center (limited partnership) through an agreement transfer. The transfer price per share is 90% of the closing price of the trading day prior to the signing date of the agreement, i.e. 8.79 yuan per share, and the total transfer price of the target shares is 1.934 billion yuan.
On the whole, the controlling shareholder Meijin Energy Group has reduced its holdings in Meijin Energy by more than 5.5 billion yuan in recent years.
Several AI leaders hit record highs
Today's market performance is more eye-catching is the TMT sector, Yakang shares, Xunjiexing and other stocks 20cm up limit, Yuanjie Technology, Guoxin Technology, Science Innovation Source and other stocks rose by more than 10%.
A number of AI leaders have reached record highs, including iFLYTEK and Inspur Information. Among them, iFLYTEK's market value exceeds 170 billion yuan.
On the news, on June 9, iFLYTEK announced the new progress of its general large model, released the "Spark Cognitive Big Model" V1.5 version, and simultaneously released the Spark APP, which was favored by many institutions.
Zheshang Securities believes that standing at present, with the rise of artificial intelligence, it will bring a structural bull market represented by TMT. Looking forward to 2023, the profits of upstream links represented by computing power, data, and large models are expected to be gradually released. At present, it is in the early stage of the main upward stage of the upstream link of AI, and the core feature is that the TMT and the Science and Technology Innovation 50 Index are rising slowly, but the excess returns of leading stocks driven by fundamental clues continue to expand. Combined with industry trends, profitability stages, and fund allocation, the switch of TMT is still in the early stages.
Databao sorted out the artificial intelligence concept stocks that rose significantly during the year but recently experienced a pullback, and the probability of outperforming the market in the future is high.
The data shows that among the artificial intelligence concept stocks, 38 stocks have risen by more than 50% during the year, and the latest price has retraced more than 20% from the year's high. Among them, Roput, Haitian AAC, Danghong Technology, Huajian Group, Jingjiawei, Bohui Technology and other stocks all withdrew more than 30%.
Disclaimer: All information content of Datatreasure does not constitute investment advice, the stock market is risky, investment needs to be cautious.
Responsible editor: He Yu
Proofreader: Zhu Tianting
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Data treasure (shujubao2015): Securities Times intelligent original innovation media.