Chen Yubi, deputy general manager of the listed company Nord Shares, said that "please support NORD, the market value next year is not 50 billion, and I apologize for the guilt" Circle of Friends is on fire. It is indeed very rare for executives of listed companies to recommend their own stocks in this way. Personally, I think that what he has done is also suspected of manipulating the market.
NORD co., Ltd. is mainly engaged in the research and development, production and sales of electrolytic copper foil for lithium-ion batteries, is one of the earliest companies in China to produce lithium battery copper foil, and is also the first listed enterprise of electrolytic copper foil in China. The company's main products lithium battery copper foil is applied to lithium-ion battery products, and finally applied to new energy vehicles, 3C digital, energy storage systems and other terminal products, of which new energy vehicles are currently the largest application area. The company has good cooperative relations with popular listed companies such as CATL and BYD.
At present, lithium batteries, new energy vehicles, energy storage, etc. are all hot concepts in the market, and it can also be said that the listed company is standing on the cusp, which is also confirmed by its stock price performance. In February 2020, nord's share price fell at a minimum of 3.89 yuan, and on October 27 this year, the stock reached a maximum of 25.44 yuan. In more than a year, the listed company's stock price has risen by more than 5.5 times, and it has also become a big dark horse stock that has been uncompromising since last year.
Although NORD shares are currently standing on the cusp, because the total share capital is only 1.397 billion yuan, its market value is only 35 billion yuan. Compared with BYD's total market value of 920.5 billion yuan and Ningde's total market value of 1.43 trillion yuan, it is obviously not in a grade. Perhaps the vice president of NORD shares hopes that the market value will be further enlarged, and it is understandable that he hopes that the stock price will continue to rise, but he cannot get the "understanding" of the market by recommending his own company's stock so much.
After the circle of friends of the vice president of NORD shares brushed the screen, the listed company issued a clarification announcement, which also said that the vice president himself apologized for the impact of the incident on the market, and the Shanghai Stock Exchange also issued a regulatory work letter. The SSE requires NORD shares and relevant responsible persons to take this as a warning, attach great importance to the above problems, and prevent the recurrence of such problems. At the same time, the company is required to self-check whether all directors, supervisors and senior personnel have other improper behaviors that violate the provisions on information disclosure, and if so, please correct them immediately.
Although the vice president himself expressed his apologies, the listed company issued a clarification announcement, and the Shanghai Stock Exchange also issued a regulatory work letter, I personally believe that the matter is not over.
On the one hand, the circle of friends released by the vice president of NORD shares, although it is only released on a small scale, also shows its confidence in the stock price of listed companies. The market value of NORD shares ranges from 35 billion yuan to 50 billion yuan, in fact, there is still a big gap, and its stock price needs to rise by more than 40% to achieve it, which cannot not affect the market.
On the other hand, the vice president of NORD recommended his own stock, although it is not without personal wishful thinking, but also suspected of manipulating the market. According to the regulations, those who use capital advantages, chip advantages, information advantages or other methods to affect the rise and fall of stock prices are suspected of manipulating the market. The act of the vice president of NORD shares is suspected of influencing the stock price by other means. And his behavior does not disappear because of his apologies, clarifications from listed companies, and no impact on the stock price.
In recent years, it is not uncommon for executives of listed companies to influence stock prices in different ways. For example, the chairman of a listed company disclosed the performance status in advance at relevant meetings, which clearly violated the relevant provisions of information disclosure; some executives of listed companies "inadvertently" leaked their performance in interviews; or like the vice president of NORD shares, they intended to influence the stock price through the circle of friends.
However, the stock price trend of listed companies is affected by a variety of factors, and market conditions, concepts and themes, performance, funds, etc. are important factors that cannot be ignored. Whether the market value of NORD shares can reach 50 billion yuan next year is not the final decision of its vice president, but even so, based on the possible impact on the stock price of listed companies, executives of listed companies must be cautious in their words and deeds.
When executives of listed companies issue relevant remarks, as regulators, they obviously cannot just issue regulatory work letters. Personally, I think that even if a circle of friends like Nord's vice president posted did not have a substantial impact on the stock price, its behavior was not advisable. In this sense, it is also necessary to make the vice president pay a certain price.