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Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

author:Inspur Finance V

In the A-share market, through three financings, the amount of financing reached 5.810 billion yuan, especially the second financing was as high as 4.3 billion yuan, and the third financing was as high as 1.4 billion yuan, each financing exceeded 1.000 billion yuan, but it still could not save the fate of delisting and delisting.

The huge financing is a dime left, and the wave of the sleeve leaves a cloud.

Then he took a step that the six relatives did not recognize, patted his ass and left.

It is worth noting that the stock price in the secondary market is even more pitted, and the stock price in the secondary market has fallen from a relative high of 28 yuan to 0.37 yuan.

He has been falling for a relatively long time, more than ten years, especially the magnitude of the decline, not far behind among the varieties that have been delisted, the decline is as high as 99.6 percent.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

In the first two months of delisting, there was a continuous decline in the secondary market, a sharp decline, an unlimited drop limit, a continuous drop limit, and there had been an unlimited drop limit for 23 consecutive trading days.

Although his periodic stock price has been relatively low, but he opened the state of falling to the limit, so that investors who hold such a variety, especially small and medium-sized investors, have no opportunity to sell the stocks in their hands, that is, in the case of a sharp decline can not stop losses, let alone the corresponding institutions suspension verification, seeing their accounts at a rate of 5% per day, continuous shrinkage, continuous decline.

In the market, after raising 5800 million yuan three times, these varieties have begun to be suspended, and then officially delisted and delisted.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

What is the name of such a delisted variety?

His name is ST Yue Tai.

ST Yuetai's total share capital is as high as 2.5 billion. But from his history, he is a merger and reorganization of the breed of shell eggs, he once used the names Donghua Industrial, G Donghua, Donghua Industrial, Yuetai Shares, ST Yuetai, Yuetai Shares, and ST Yuetai with an asterisk again.

Especially in the process of his second and third financings, he adopted the number of additional shares issued, and carried out corresponding financing in the secondary market, and the price of the second financing was 5.60 yuan, raising more than 4.3 billion yuan at one time, up to 4.33 billion yuan.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

The third fundraising still took the opportunity to increase shares, and the price of the increase was 7.42 yuan, and the funds raised in the third offering again exceeded 1 billion yuan, as high as 1.44 billion yuan.

What is more interesting is that when he was preparing for the third financing, the total amount of funds raised was expected to be as high as 3.5 billion, but due to various reasons, he was unable to implement the additional issuance again.

Even under this circumstance, such an ordinary listed enterprise, the total amount of funds raised has exceeded 5.8 billion yuan, but in the operating performance of recent years, the net profit attributable to the parent company in the past three years has experienced continuous losses, the amount of losses is increasing, and the proportion of losses is getting higher and higher.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

The amount of losses in 2020 exceeded 900 million, a year-on-year decrease of more than 400%, as high as 404%.

In 2021, with a loss of more than 900 million yuan in the previous year, another loss of 820 million yuan.

The amount of loss in 2022 has further expanded, exceeding 1.3 billion yuan, reaching 1.347 billion yuan, and there is still a significant decline year-on-year, with a decline rate of more than 60%.

What is more interesting is that in the first quarter of 2023, the loss of attributable net profit was as high as more than 93 million yuan, and it still showed a significant decline, with a decline of more than 30%.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

However, in horizontal comparison, the company's operating performance has fluctuated, and in some years there has been a corresponding increase, even in 2022, his total operating income exceeded 1.4 billion yuan.

In the first quarter of 2023, his operating income is still as high as 168.7 million yuan, although it has decreased year-on-year, but the proportion of decline is relatively small, only about 3%.

However, his profits have continued to lose, large losses, total operating income and the company's net profit show a strong contrast, and even the contrast is increasing, what kind of situation will occur?

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

Another phenomenon corresponding to this is that its return on equity has been continuously negative in three years, and the negative return is getting higher and higher, from -16% to -19%.

On the one hand, there is a certain operating income, which is a real operating income, and it has increased within a certain period of time, on the other hand, there is a net profit of the enterprise, and the net profit attributable to the parent company continues to lose a large amount, but it is more interesting where does these revenue money go?

ST Yuetai is located in the developed Guangzhou area, is also an old real estate development enterprise, residential development, commercial housing sales is his main business, real estate sales operating income, accounting for more than 95% of the main business income, up to 95.7%.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

With the development of more and more real estate, it also presents systematic services.

For example, real estate development and operation, real estate intermediary services, real estate consulting services, property management, site leasing management, house leasing, self-owned housing business activities, building and housing construction, self-owned capital commodity wholesale trade, non-metallic and its products wholesale business, enterprise greening engineering services, landscape engineering services, forest seedling services, forest breeding services, enterprise management consulting services, etc., a number of subsidiaries and subordinate operating institutions have been established.

However, what is presented to the market is the business performance of enterprises, and there have been large losses, the amount of losses has exceeded 1 billion yuan, as high as more than 1.4 billion yuan, and in the past three years, the amount of losses has become larger and larger, and the range of losses has become larger and larger.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

What is more interesting is that the number of his shareholders is relatively large, as high as 48,200, and each household holds an average of more than 20,000 shares in circulation, reaching 21,000 shares.

Moreover, in the course of a cycle, the per capita holding of outstanding shares has increased significantly, by more than 5%.

However, within three months, the top ten circulating shareholders have seen a large reduction in their positions, and the proportion of continuous reduction has exceeded 18%.

Looking at the changes in these financial data, it is really classic, and the obvious sense of seeing the chips in the market, in the continuous transfer, the large transfer, from the hands of institutional investors to the hands of retail small and medium-sized retail investors.

Where did the 5.8 billion go? Huge financing delisted, 37 fell to 0.37 yuan, retail investors shed blood and tears?

However, his result was delisting.

Delisting without compensation is playing hooligans.

The 5.8 billion yuan of financing was wiped out, and he waved his sleeves to say goodbye and goodbye.

Still taking the steps that the six relatives did not recognize, he took off the company's listing brand.

To whom are small and medium-sized investors, especially small and medium-sized retail investors?

Who to vent and reason with?

What do you think about this situation?

And how will you operate it?

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