Source: China Securities News
The Arowana with the title of "Oil Mao" has a thunderous performance.
On the evening of October 29, Arowana disclosed three quarterly reports: the company's net profit in the first three quarters was 3.681 billion yuan, down 27.68% year-on-year; the net profit in the third quarter was 711 million yuan, down 65.86% year-on-year.
Since the beginning of the year, Arowana's stock price has been "slashed", and the market value has evaporated by 456 billion yuan. What happens when the market opens on Monday?
The market value evaporated by 456 billion yuan
On January 8 this year, Arowana reached the peak of its total market value of 786.1 billion yuan, and its stock price rose to 145.42 yuan. At that time, there were even many optimistic investors speculating that the market value of Arowana might exceed trillion yuan. But what I didn't expect was that since then, Arowana's stock price has fallen all the way, from January 8 to now, a decline of 56.18%, and the latest market value is only 330.1 billion yuan.
Image source: Oriental Fortune
What is even more unexpected to Arowana's investors is that under such a huge decline in stock prices, on the evening of October 29, Arowana dropped another "bomb". According to the third quarterly report, the company's net profit in the first three quarters was 3.681 billion yuan, down 27.68% year-on-year; the net profit in the third quarter was 711 million yuan, down 65.86% year-on-year.
Arowana's net profit in the third quarter after deducting non-deductions was only 245 million yuan, down 92.80% year-on-year. In the second quarter and the first quarter, the net profit after deduction of non-net profit was 1.993 billion yuan and 1.919 billion yuan, respectively.
For the sudden change in performance, Arowana said in the third quarterly report that there are three main reasons, which also led to a significant decline in the net profit after deducting non-recurring gains and losses attributable to the shareholders of the listed company, which showed a significant decline in the reporting period and the beginning of the year to the end of the reporting period:
1. During the reporting period, the cost of raw materials rose by a large margin, and the company's production and operating costs faced greater pressure. Although the company raised the selling price of some products, it did not completely offset the impact of rising raw material costs, and profits were squeezed.
2. This year, with the gradual improvement of the domestic epidemic situation, the intensification of market competition, the company's retail channel products have been impacted, and with the rapid recovery of the catering market, the proportion of sales of catering channel products with lower gross profit margins in the company's product structure has increased.
3. During the reporting period, the company's soybean purchases and crushing volume decreased compared with the same period last year, although the soybean crushing profit gradually recovered, but the profit level in the same period last year was higher, so the crushing profit in the reporting period was lower than that of the same period last year.
As soon as the results came out, they "frightened" Arowana's investors. Many investors are worried that the Arowana may suffer a sharp fall at the opening of the market next Monday.
Private equity tycoon LinYuan increased its position against the market
Although Arowana's stock price has fallen all the way this year, some private equity giants have been increasing their positions. For example, in the first quarter of this year, private equity tycoon Lin Yuan had 3 of his products entering the top ten circulating shareholders of Arowana, of which 2 were only newly purchased in the first quarter, that is to say, these two products were bought on the "top of the mountain" of Arowana's stock price.
The latest three quarterly reports show that Linyuan currently has a total of 4 products in the top ten circulating shareholders of Arowana, one of which is still newly purchased in the third quarter, that is to say, when Arowana continues to fall, Linyuan is still increasing its position against the market.
At present, Linyuan's above four products hold a total of 4.4689 million shares of Arowana, and according to the latest stock price of Arowana's latest stock price of 60.88 yuan, Linyuan's current total market value of its positions is about 272 million yuan.
At the same time, northbound funds did not run. In the first quarter of this year, Hong Kong Securities Clearing Company Limited, which represents Northbound Funds, held a total of 10.26 million shares of Arowana, which increased to 15.03 million shares in the second quarter, and in the third quarter, it held 15.13 million shares, or even slightly increased its position.
In addition, Arowana's stock price continues to fall, and more investors choose to bottom out. In the short 12 days from October 8 to October 20, the number of Arowana shareholders increased from 194,900 to 205,600, adding 10,700 new households.