At today's close, satellite Internet concept stock Huali Chuangtong once again closed a limit board. 3 20CM price limit boards were harvested in 5 days, and the last 9 trading days rose by more than 160%. Why have loss-making stocks with a net profit loss of 350 million yuan in two and a half years become the brightest stars in the market?
On the evening of September 5, Huali Chuangtong issued an announcement that the company signed the "Procurement Master Agreement" with a customer in 2023, and the agreement stipulates that the specific procurement information shall be subject to the content of the "Purchase Order" subsequently issued by the customer. As of the disclosure date of this announcement, the company has received a total amount of purchase orders from the customer in 12 consecutive months of approximately 210 million yuan (including tax), exceeding 50% of the company's audited main business income in 2022. The subject of the contract is mainly chip products, but the announcement does not disclose the buyer's information.
210 million yuan mysterious large order, who is the customer? The market speculates that this big order customer is Huawei. Based on this conjecture, Huali Chuangtong has soared this round.
At noon on August 29, Huawei suddenly announced the launch of the Mate 60 series mobile phone, and it began sales in the afternoon of the same day. Huali Chuangtong's stock price also suddenly rose in the afternoon. An important technological flashpoint of the Mate60 Pro's popularity is the satellite call function that it carries.
On the interactive platform, some investors asked Huali Chuangtong whether the Mate 60 used the company's products. Huali Chuangtong did not respond clearly, only saying that the company is willing to work together with excellent enterprises to achieve high-quality development. The company has the ability to provide customers with a full range of satellite application products and solutions, and the specific customer cooperation and product supply involve trade secrets.
Back in April this year, Huali Chuangtong said on the interactive platform that the mobile phones produced by Huawei, Xiaomi and other manufacturers do not use the company's chip products, and the company has not provided relevant Beidou modules to Huawei P60 mobile phones. In less than half a year, the situation is different.
On September 6, the company increased its limit again. On the evening of the same day, Huali Chuangtong issued an announcement on the serious abnormal fluctuation and risk warning of the company's stock trading, and the deviation of the company's closing price increase for ten consecutive trading days from August 24 to September 6 reached more than 100%, which is a serious abnormal fluctuation of stock trading according to the regulations of the Shenzhen Stock Exchange. But the enthusiasm for funding can not be easily extinguished, and funds that challenge regulatory tolerance simply cannot be resisted. This weekend's supervision of Huali Chuangtong will be the focus of many people's attention.
The activity of Huawei's concept stocks, photoresists and other themes could not cover the downturn in the broader market, and the trading volume of Shanghai and Shenzhen today was 681.8 billion, a decrease of 85 billion yuan from the previous trading day, and the transaction amount fell below 700 billion again since August 22. Today's Hong Kong stocks have stopped, northbound funds have also stopped, in the context of quantitative regulation, who is selling A shares? From the plate point of view, core assets were sold again, Sungrow hit a new low in the year, and CATL, Kweichow Moutai and BYD all fell by more than 1%.
For the current A-shares, the market sentiment is obviously in a more pessimistic moment. No one can accurately predict the trend of the stock market, the current Shanghai index has once again come to the lower end of the 8.28 big black line, whether it will fall below the low of 8.28 3089 points, further challenge 3000 points is difficult to say, but there is no doubt that this is a policy bottom area. There are not many policy benefits that can be expected next, and the RRR reduction and the Equalization Fund may be worth looking forward to. Li Xunlei, chief economist of Zhongtai Securities, said a few days ago that for policy tools to revitalize the capital market, we can consider setting up a market equalization fund, starting with a part of the foreign exchange reserve assets to allocate Hong Kong stocks, and then gradually expanding the increase to the A-share market.
Author: Xu Jinhua
Editor: Zhang Tianyi
Executive Producer: Wang Junji
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