Not surprisingly, Wanfeng Aowei (002085. SZ) closed with a down limit on April 22, and the previous trading day, the company also gained a limit limit, and the stock price performance that jumped up and down was due to Wanfeng Aowei's misleading statement on April 18.
Recently, it was precisely because of its misleading statements on the interactive platform that the company received a warning letter and a regulatory letter on the same day. Not only that, due to the concept of low-altitude economy, Wanfeng Aowei, whose stock price quickly rushed back to its high point after many years, has also had a lot of troubles recently: its factories have been administratively punished for safety accidents, and Centennial Life Insurance Co., Ltd. (hereinafter referred to as "Centennial Life"), which has held shares for many years, has finally begun to reduce its holdings after missing the last round of highs.
However, the Xi'an Zhuque Street Business Department of CITIC Securities, which is a common seat for the well-known tour capital Xinxia, chose to "take chestnuts from the fire" and raised the bet again on the day of Wanfeng Aowei's fall limit.
Interactive Easy platform misleadingly reproduces
The emergence of the concept of low-altitude economy has ushered in the spring of Wanfeng Aowei, which is deeply involved in the lightweight industry of automotive metal parts and the general aviation aircraft manufacturing industry in the low-altitude field.
On February 6, 2024, Wanfeng Aowei announced that Wanfeng Aircraft Industry Co., Ltd., a subsidiary of the company, and strategic partners plan to jointly establish a joint venture company to carry out in-depth cooperation in the field of eVTOL (electric vertical take-off and landing aircraft), so as to increase the scope of this field.
The stock price, which has been hovering at a low level for many years, also started on February 6 and closed at 5.17 yuan on the same day. Subsequently, the company's share price rose rapidly, and in less than 2 months to March 29, the company's share price rose to 17.31 yuan, approaching the highest level in 2017, with a cumulative increase of more than 200%.
Source: Choice
Stock prices are rising, and there is constant news about the low-altitude economy in the market. For more than 1 month, on the company's interactive platform, most investors' questions focused on the progress and related layout in the field of eVTOL, and recently there was news that Wanfeng Aowei may cooperate with Tesla in eVTOL. Investors also raised questions on the interactive platform about "how is the progress of the company that established an eVTOL with Tesla", hoping to get a positive response from the company.
On the evening of April 18, Wanfeng Aowei gave concentrated answers to a number of questions from investors on the interactive platform of the Shenzhen Stock Exchange, including the replies to the above questions related to Tesla. At that time, the company said that "it has jointly established a project team with its partners to discuss business plans and investment plans with domestic and foreign technical, operational and management teams......
The news immediately detonated in the investor circle, and the next day (April 19), the company's stock price rose to a limit.
Interestingly, just when the outside world thought that it had formed an eVTOL joint venture with Tesla, the company quickly refuted the rumors on April 19 and clarified the rumors of cooperation with Tesla. This kind of obviously misleading statement, which led to large fluctuations in stock prices, naturally did not escape the regulatory letter of the exchange.
Source: Announcement
In fact, since 2023, many listed companies have relied on the concept of rubbing market hotspots in the interactive platform to pull up their stock prices in the short term 605289. SH), Baihua Pharmaceutical (600721. SH), Transart Technology (002866. SZ), Kaizhong shares (603037. SH) and West Shanghai (605151.SH) and a number of other companies have been subject to regulatory warnings and penalties by the Shanghai Stock Exchange for inappropriate replies on interactive platforms.
Eventful autumn cow scattering "chestnuts in the fire"
However, it is not just the receipt of the regulatory letter that has bothered Wanfeng Aowei recently.
On April 19, the company issued an announcement disclosing that an explosion occurred in the early morning of December 3, 2023 at the first plant of its Zhejiang Xinchang Steam Turbine Plant, resulting in one death. After investigation, the company failed to carry out the investigation and management of hidden dangers in the thermal energy room in accordance with the regulations and did not strictly supervise the employees to strictly abide by the safety operation procedures, and the company and relevant responsible persons were responsible for the accident.
In accordance with the relevant provisions of the "Work Safety Law" and the "Detailed Rules for the Discretionary Application of Administrative Penalties for Work Safety in Zhejiang Province (Trial)", the Xinchang County Emergency Management Bureau imposed administrative penalties totaling about one million yuan on the company and the relevant person in charge.
Not only that, Centennial Life Insurance Co., Ltd. (hereinafter referred to as "Centennial Life"), the company's second shareholder, which has held the company's shares for 8 years for 8 years and currently holds more than 188 million shares, accounting for 8.87% of the company's total share capital, wants to reduce its holdings at a high level.
According to the announcement, Centennial Life will reduce its holdings of the company's shares by centralized bidding transactions within one month after 15 trading days from April, and the company's stock price is also at a high level in recent years. According to the disclosure, the reason for the planned reduction of Centennial Life is "based on the asset allocation needs and related investment decisions of Centennial Life".
Looking through the information, it was found that Centennial Life entered the company with funds in the third quarter of 2015. At that time, the announcement disclosed that Centennial Life bought 19,832,600 shares of Wanfeng Aowei shares at a price of 16.39 yuan/share-16.53 yuan/share in August 2015, and 23,078,300 shares of Wanfeng Aowei shares at a price of 13.38 yuan/share-30.11 yuan/share in September 2015. However, the middle of the centennial life did not reduce its holdings at the previous high of the company's stock price of about 18.92 yuan, and has been held until recently, and the intermediate has experienced an increase in holdings and transfer of shares until it now accounts for 8.87% of the company's total share capital.
Someone goes, and naturally someone comes.
Source: Choice
According to the data of Oriental Wealth Choice, on April 22, in the Wanfeng Aowei Dragon and Tiger List, the securities business department of CITIC Securities Xi'an Zhuque Street, the securities business department of Oriental Wealth Securities Lhasa Financial City South Ring Road, and the first business department of Oriental Wealth Securities Lhasa Tuanjie Road bought 53.915 million yuan, 52.0933 million yuan and 3921 yuan respectively. 450,000 yuan ranked the top two and fourth.
Among them, the Xi'an Zhuque Street Business Department of CITIC Securities is a common seat for the well-known newcomers, and the Lhasa Tiantuan of Oriental Wealth Securities is also a well-known tour capital.
The business department of CITIC Securities Xi'an Zhuque Street has recently bought Wanfeng Aowei many times, with a total of nearly 230 million yuan. Among them, 5291.83 yuan was bought on April 11 and 119 million yuan was bought on April 19. It is worth noting that on the day of buying on April 11, Wanfeng Aowei's share price fell to the limit.
Not only Wanfeng Aowei, but also for some such as Zongshen Power (001696. SZ), CITIC Haizhi (000099. SZ) and other popular low-altitude economic concept companies CITIC Securities Xi'an Zhuque Street Business Department also did not let go, frequently appeared in the above companies' dragon and tiger list. (This article was first published in Titanium Media APP, author|Cao Shengyuan)