"The stock price is seriously undervalued"! "Brothers" have an emergency meeting over the weekend and are about to make a move!

Source: Company E

On the evening of July 7, Fangda Carbon (600516) announced that the company held a board meeting over the weekend to invest in HNA Holdings (600221).

According to the announcement, the share price of HNA Holdings declined, and Fangda Carbon judged that its stock price was seriously undervalued. In view of the good fundamentals of HNA Holdings, Shanghai Fangda Investment Management Co., Ltd. (hereinafter referred to as "Shanghai Fangda"), a wholly-owned subsidiary of Fangda Carbon, intends to use no less than 60 million yuan and no more than 119 million yuan in the next six months to invest in the A-share shares of HNA Holdings. Fangda Carbon believes that this move can increase the company's investment income, further improve the company's performance level, and seek more investment returns for the company and shareholders. It should be pointed out that the controlling shareholder of Fangda Carbon is Liaoning Fangda Group Industrial Co., Ltd. (hereinafter referred to as "Fangda Group"), and HNA Holdings is also a holding subsidiary of Fangda Group. Since the beginning of this year, a number of listed companies have been delisted at face value because their stock prices have been lower than 1 yuan for 20 consecutive trading days; At present, there are nearly 200 stocks whose stock prices are less than 2 yuan, and the "alarm" of delisting at face value is difficult to lift. Looking at HNA Holdings, since the end of May, the originally stable stock price has plummeted, and the intraday stock price once touched 1 yuan per share on June 28, and the risk of delisting has increased sharply. Subsequently, the controlling shareholder of HNA came to the rescue, and the stock price rose, but it still failed to get out of the delisting crisis. Up to now, the share price of HNA Holdings is 1.11 yuan per share, with a total market value of about 48 billion yuan.

On the evening of June 30, HNA Holdings announced that it received a notice from American Aviation LDC (hereinafter referred to as American Aviation), one of the controlling shareholders, that the shareholder increased its holdings of 2,566,200 B shares of HNA Holdings through centralized bidding on June 28, accounting for 0.01% of the total share capital of the listed company. American Aviation plans to continue to increase its stake in HNA Holdings' B shares for six months from June 28, with an additional amount of not less than US$5 million and no more than US$10 million (including the amount already increased on June 28). From the perspective of daily operation, the performance of HNA Holdings has been greatly improved, and the overall production and operation are stable and orderly, which is different from the delisted companies that have particularly difficult operations. On December 7, 2023, Fangda Group officially became the 2nd anniversary of HNA, and under its governance, HNA Holdings successfully took off its star and hat, and the historical problem was solved. Since 2023, the domestic economy and society have fully resumed normal operation, market demand has gradually recovered, the civil aviation market has rebounded significantly, and passenger traffic has increased month by month. According to the 2023 annual report, during the reporting period, HNA Holdings achieved revenue of 58.641 billion yuan, an increase of 156.48% year-on-year. Among them, the transportation revenue was 54.473 billion yuan, an increase of 165.01% year-on-year; the auxiliary income was 4.168 billion yuan, an increase of 80.48% year-on-year; The net profit was 311 million yuan, turning losses into profits. In the first quarter of 2024, the growth momentum of HNA Holdings' performance has been further improved, the aviation industry market has recovered, and the capacity and transportation turnover have increased. In the current quarter, HNA Holdings achieved operating income of 17.55 billion yuan, a year-on-year increase of 33.48%; net profit was 687 million yuan, a year-on-year increase of 334.51%. At the same time, HNA Holdings also plans to introduce 25 new 737 series aircraft and 3 A320/A321 series aircraft during 2024~2026, and 28 aircraft will be introduced in the form of operating leases.

Editor-in-charge: Ye Shuyun

Proofreader: Yao Yuan

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