Beijing, October 28 (Reporter Yu Qi) A circle of friends of executives of listed companies has caused a shock in the capital market.
"Please support Nord, next year's market value is not 50 billion, I apologize." On October 26, a screenshot of a circle of friends with a note titled "Chen Yubi @ Deputy General Manager of NORD Shares" was widely circulated online, and the circle of friends was also distributed with posters of his personal speech at a past conference. The remarks have now been removed.
(Figure from the network)
Chen Yubi's "bold words" have aroused heated discussion among many investors, is it a personal behavior or a company's position? Capital markets are speculating.
On the evening of October 26, NORD Investment Co., Ltd. (hereinafter referred to as "NORD Shares") urgently issued a clarification announcement, acknowledging that the person who sent the circle of friends was indeed Chen Yubi, deputy general manager of the company, and said that Chen Yubi made a mistake in setting up a WeChat circle of friends to be visible to a small number of friends, mistakenly sent relevant information about the company's future market value expectations and distributed personal speech posters in a past meeting, which he himself found and deleted immediately in a short period of time.
(Figure from NORD stock announcement)
Nord shares also pointed out that the outlook for the company's future market value in the screenshot is based on the individual's outlook for the securities market of the new sector, and does not provide investment advice to anyone and does not represent the company's position. The rumors involve that the target is affected by various factors and has the risk of not being achieved, and there are major uncertainties, and investors are reminded of the investment risks. The company will strictly comply with the provisions and requirements of relevant laws and regulations to fulfill the obligation of information disclosure.
A stone stirs up a thousand layers of waves. Chen Yubi's inappropriate remarks also attracted a regulatory work letter from the Shanghai Stock Exchange. On the evening of the 26th, the Shanghai Stock Exchange issued the "Regulatory Work Letter on Matters Related to media Reports of NORD Investment Co., Ltd." to NORD Shares.
The Shanghai Stock Exchange pointed out that some media have paid attention to the inappropriate remarks of Chen Yubi, deputy general manager of NORD Co., Ltd., on the company's market value, which has aroused widespread concern and discussion in the market and investors. The above matters reflect the Company's deficiencies in information disclosure and internal governance.
The SSE requires that NORD shares and relevant responsible persons should take warning and attach great importance to the above issues. All directors, supervisors and senior management personnel of the company shall strengthen the prudence of publicly releasing information, avoid the release of major and sensitive information, inappropriate remarks that may cause market misunderstandings and affect the company's market image; at the same time, improve the awareness of information disclosure, perform information disclosure obligations in accordance with laws and regulations, and prevent the recurrence of such problems.
At the same time, the SSE said that it should strengthen the training of business rules for all directors, supervisors and senior management of NORD Shares, enhance the compliance awareness of relevant personnel, and ensure that the work related to information disclosure is carried out in a compliant and orderly manner. And self-examination of all directors, supervisors and senior management of whether there are other misconduct in violation of the information disclosure regulations, if so, it needs to be corrected immediately.
It is worth noting that Chen Yubi's inappropriate remarks have also caused investors and market participants to question whether they are suspected of manipulating the market. In this regard, the central broadcast network reporter sent an interview outline to the public mailbox of NORD shares, and as of press time, no reply has been received from the other party.
Earlier, the relevant person of the secretary office of the board of directors of NORD shares had told other media that the company had imposed penalties on Chen Yubi in accordance with internal management regulations. "At both the mid-term meeting and the year-end meeting, the company will set up special topics to train the company's middle-level and above staff on the compliance operation and information disclosure considerations of listed companies."
According to public information, NORD is one of the leaders of lithium battery copper foil, and its predecessor is the Changchun Heat Shrinkable Material Factory founded by the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences in 1987. The company's core industry is the production and sales of electrolytic copper foil, the basic material of lithium-ion batteries, and is the leading supplier of new energy lithium battery materials.
Nord executives' optimism about the company's stock also stimulated the rise in stock prices. As soon as the news came out, NORD shares closed at 25.10 yuan on October 27 with a single-day rise of 6.54%. In terms of the secondary market, Oriental Wealth Choice data shows that since mid-May this year, NORD shares have risen by more than 230%.
(Picture from Oriental Fortune Choice)
In terms of performance, NORD's third quarter financial report shows that the net profit in the third quarter was 120 million yuan, an increase of 8663.26% year-on-year; the net profit in the first three quarters was 322 million yuan, an increase of 2070.12% year-on-year. As of the close of trading on October 28, the company's total market value was 33.76 billion yuan.