On October 29, The ChiNext company Redick plunged 10.01%, and Reddy's bonds fell 19.81%, falling more than 20% intraday.
Yesterday, Redick just harvested a 20CM limit, and Reddy's convertible bonds rose by 31.96%, ranking first among more than 380 convertible bonds in Shanghai and Shenzhen. But Redick's shareholders ushered in a big thunder that night: the company's boss was investigated.
On the evening of October 28, Redick announced that Shen Renrong, the company's actual controller, chairman and general manager, was investigated by the China Securities Regulatory Commission for suspected insider trading in stocks.
On October 29, the staff of The Redick Securities Department responded exclusively to the China Securities News reporter: "What we have learned is that this time it is aimed at the account of the actual controller. The suspected stock manipulation is also an external matter and has nothing to do with the company's stock and company operation. ”
Source: Wind
The company responds
Redick's above-mentioned securities department staff said that the company's actual controller, chairman and general manager Shen Renrong was suspected of manipulating not his own stock. The company received the notification at 4 p.m. on October 28, and the news was very sudden. The chairman is still on duty, performing his duties normally, and may have to cooperate with a series of investigations by the China Securities Regulatory Commission in the future.
According to the announcement of "Notice of Investigation of the Actual Controller of the Company Received by the China Securities Regulatory Commission" disclosed by Redick on the evening of October 28, the Company received a notification letter from Shen Renrong, the actual controller, chairman and general manager of the company, on October 28, and learned that it received the "Notice of Case Filing" from China Securities on the same day, the text of which reads as follows: "Because you are suspected of insider trading in stocks, in accordance with the Securities Law of the People's Republic of China, the Administrative Punishment Law of the People's Republic of China and other laws and regulations, I will decide to file a case investigation against you. Please cooperate. ”
The announcement said that Shen Renrong will actively cooperate with the investigation work of the China Securities Regulatory Commission, and at the same time fulfill the information disclosure obligation in strict accordance with regulatory requirements. This investigation is an investigation of Shen Renrong's individual and will not have a significant impact on the company's daily operations. At present, the company's operation and management, business and financial situation are normal.
"Yesterday, stocks and convertible bonds rose sharply. The company also disclosed the corresponding announcement, which we believe is related to the better performance in the third quarter. The above-mentioned staff pointed out.
Fluctuations in steel prices have an impact on costs
According to the three quarterly reports disclosed by the company on the evening of October 25, the company achieved a total operating income of 414.9269 million yuan in the first three quarters of 2021, an increase of 33.93% year-on-year; and a net profit attributable to the shareholders of the listed company of 62.5999 million yuan, an increase of 55.02% year-on-year. Among them, in the third quarter, the company achieved a total operating income of about 164 million yuan, an increase of 46.37% year-on-year; the net profit attributable to the shareholders of the listed company was about 29.0453 million yuan, an increase of 80.06% year-on-year.
In the "Announcement on Abnormal Fluctuations in Stock Trading" disclosed on the evening of October 28, Redick pointed out that the main raw materials in the company's products are bearing steel and steel products, accounting for a relatively high proportion of the company's product costs. Affected by multiple factors, commodity prices have fluctuated greatly in the past year, and fluctuations in steel prices will have a certain impact on the company's product manufacturing costs.
In the investor relations activity record table disclosed by Redick in September, it was pointed out that the company is a high-tech enterprise that produces automotive bearings, and its products mainly include wheel bearings, wheel bearing units, tapered bearings, clutch separation bearings, tensioning wheels, etc. Products are mainly used in the AM market, in the field of auto parts has many years of aftermarket and OE supporting experience. In the future, while realizing the iterative upgrading of passenger car bearing products, Redick will rely on the accumulation of advantageous technologies to gradually expand product application scenarios to high-prosperity segments such as new energy vehicle parts and commercial vehicle parts, and deepen the overall industrial layout. At present, the company's wheel bearings and wheel hub unit bearings can be applied to both fuel vehicles and new energy vehicles, in order to keep up with the development of the market, the company is increasing research and development efforts to develop other products that can be applied to new energy vehicles.
Editor: Song Zhaoqing, Cao Shuai