Trainee reporter Wen Yan
On the evening of May 16, Sichuan Gold announced that Yin Jingwei, the son of director Yin Zhongming, bought and sold the company's shares from April 8 to May 15, constituting short-term trading and is currently in a state of loss.
Industry insiders reminded that short-term transactions of directors, supervisors and senior executives of listed companies and their relatives have appeared frequently in recent years, suggesting that relevant parties should restrain their families, especially the companies where directors, supervisors and senior executives work are recognized by the market as a hot concept and are in the stage of rising stock prices.
Investors do not blindly chase hot spots, which should be kept in mind at all times. Yin Zhongming has been teaching finance and economics in colleges and universities for a long time, but his son Yin Jingwei chased gold concept stocks when the heat turned cold. From April 8 to May 15, Sichuan Gold's share price fell by 9.62%.
Short-term trading outweighs the losses
According to public information, Yin Zhongming was born in October 1963 and has served as a director of Sichuan Gold since May 2023.
However, Yin Zhongming's "Explanation of the Situation and Letter of Apology on the Short-term Trading of the Company's Shares by My Relatives" disclosed the process of his son Yin Jingwei's trading of Sichuan gold stocks, and it seems that Yin Jingwei's investment ability is not good.
On April 8, Yin Jingwei bought 1,900 shares and 2,800 shares of Sichuan gold stocks respectively, with an average transaction price of 32.05 yuan per share and 31.87 yuan per share respectively, with a total purchase cost of 150,100 yuan.
The reporter noted that Sichuan Gold hit a recent stock price high of 32.99 yuan / share on April 8, and closed at 32.28 yuan / share on the same day, an increase of 7.46%.
At the same time, Sichuan Gold appeared on the Dragon and Tiger list on April 8, and the largest buyers and sellers on the list are all dedicated to Shenzhen-Hong Kong Stock Connect.
Since then, the share price of Sichuan gold has fluctuated downward, and Yin Jingwei increased his position in Sichuan gold on April 15, buying 2,400 shares at an average price of 28.75 yuan per share, with a total purchase cost of 69,000 yuan.
From April 8 to April 15, Yin Jingwei invested a total of 219,100 yuan in Sichuan gold stocks, but the overall share price of Sichuan gold showed a downward trend. On May 15, Yin Jingwei sold 1,700 shares of Sichuan gold stocks at an average price of 27.316 yuan per share.
Sichuan Gold announced that Yin Jingwei lost 6,030.75 yuan through the above-mentioned short-term trading. As of May 16, Yin Jingwei held 5,400 shares of the company's shares, accounting for 0.0013% of the company's total shares.
Be cautious when chasing hot spots
The reporter noticed that the time when Yin Jingwei bought and sold Sichuan gold stocks was when the heat of the A-share gold concept turned cold.
Since the beginning of March, affected by the continuous rise in gold prices, A-share gold concept stocks have risen significantly. Taking Sichuan gold as an example, it rose by 43.79% from March 1 to April 8, and the broader market rose by 0.69% at that time.
Compared with the share price increase of Sichuan Gold, its performance growth does not seem to be "sexy". In the first quarter of 2023 and 2024, the company's net profit attributable to the parent company increased by 6.16% and 24.12% year-on-year respectively.
According to public information, Sichuan Gold is mainly engaged in the mining and sales of gold mines, and its products are gold concentrate and synthetic gold, which will be listed on the Shenzhen Stock Exchange on March 3, 2023.
Since mid-April, the popularity of the A-share gold concept has declined, and the share price of Sichuan Gold has also shown a downward trend, with a closing price of 26.85 yuan per share as of May 16, with a total market value of 11.28 billion yuan.
Some shareholders are interested in shipping. On April 24, Sichuan Gold announced that Leishi Tianfu, Leishi Chengtai and Leishi Henderson planned to reduce their holdings of the company's shares by a total of no more than 12.6 million shares within three months (May 21 to August 18) after 15 trading days from the date of disclosure of the announcement, accounting for 3% of the company's total share capital.
As of April 24, the above three shareholders held a total of 27,417,600 shares of Sichuan Gold, with a total share ratio of 6.528%.
Editor: Xiao Mo
Review: Muyu