On the morning of February 8, Gu ailing Yong of China won the gold medal in the women’s Freestyle Ski platform final of the Beijing Winter Olympic Games, which is also the third gold medal won by the Chinese team at the current Winter Olympic Games. When Gu ailing participated in the finals, the A-share listed company Invengo Information Technology Co.Ltd(002161) suddenly rose in the intraday limit, and its share price hit a new high in nearly half a year. Because its name is related to Gu ailing, Invengo Information Technology Co.Ltd(002161) is jokingly called “Gu ailing concept stock” by many netizens.
On the afternoon of February 8, Invengo Information Technology Co.Ltd(002161) said in an interview with the reporter of the daily economic news: “the fluctuation of the company’s share price is affected by a variety of factors in the market. The company has no products related to the Winter Olympics and has no relevant cooperation with Gu ailing. You need to be cautious about investment. Please be cautious about rumors!”
According to public information, Invengo Information Technology Co.Ltd(002161) is mainly engaged in three major businesses: railway, books, cultural tourism and retail. It is an overall solution supplier of RFID (radio frequency identification) and Internet of things core technologies. Recently, Invengo Information Technology Co.Ltd(002161) released the performance forecast for 2021. The company expects the net profit attributable to the parent company to be 60-85 million yuan, narrowing the year-on-year loss. The reporter noted that in the past few years, Invengo Information Technology Co.Ltd(002161) performance growth was weak, and the company’s net profit attributable to the parent company in 2020 suffered a significant loss of 438 million yuan.
“Gu ailing concept stock”?
On the morning of February 8, Gu ailing won the third gold medal for the Chinese team at the Beijing Winter Olympic Games, which aroused heated discussion among netizens. When Gu ailing participated in the finals, the A-share listed company Invengo Information Technology Co.Ltd(002161) rose the limit unexpectedly, and its share price hit a new high in nearly half a year. The reporter of the daily economic news noted that since the beginning of 2022, Invengo Information Technology Co.Ltd(002161) has harvested three limit boards. As of the closing on February 8, the stock price has risen by about 22%.
Because the abbreviation of the company’s securities is related to Gu Ailing’s name (looking at Gu ailing from a distance to win the title), Invengo Information Technology Co.Ltd(002161) is jokingly called “Gu ailing concept stock” by many netizens. Some investors said frankly, “metaphysics can’t explain”. On the afternoon of February 8, Invengo Information Technology Co.Ltd(002161) said in an interview with the reporter of the daily economic news: “the fluctuation of the company’s share price is affected by a variety of factors in the market. The company has no products related to the Winter Olympics and has no relevant cooperation with Gu ailing. You need to be cautious about investment. Please be cautious about rumors!”
According to public information, Invengo Information Technology Co.Ltd(002161) was established in 1999 and listed on the Shenzhen Stock Exchange in August 2007. At present, the company’s main business focuses on the fields of railway, books, cultural tourism and retail Internet of things, and focuses on the research and development of RFID core technology, products and system solutions. It has a full range of RFID core products such as independently developed chips, electronic tags, readers, handheld devices, antennas and system integration software, and develops and provides application solutions for various industries.
The main revenue of Invengo Information Technology Co.Ltd(002161) comes from the Internet of things industry. Taking the first half of 2021 as an example, Invengo Information Technology Co.Ltd(002161) achieved a revenue of 159 million yuan, of which the revenue of the Internet of things industry was 149 million yuan, accounting for 94.03% of the revenue. In terms of products, RFID solutions, reading and writing devices and electronic tags achieved revenue of 115 million yuan, 10.72 million yuan and 18.09 million yuan respectively, accounting for 72.59%, 6.75% and 11.38% of revenue respectively. In addition, in the first half of 2021, the company’s revenue in foreign regions accounted for 36.59%.
weak performance growth
Recently, Invengo Information Technology Co.Ltd(002161) released the performance forecast for 2021. The company expects the net profit attributable to the parent company to be a loss of 60-85 million yuan, which has narrowed to 438 million yuan in the same period in 2020; Non net profit deduction is expected to be a loss of 68 million yuan to 97 million yuan, which narrowed year-on-year, with a loss of 121 million yuan in the same period in 2020.
For the reasons for performance changes, Invengo Information Technology Co.Ltd(002161) said that during the reporting period, the company focused on the market, continuously improved its R & D level and innovation ability, enhanced the company’s core competitiveness, and increased its R & D expenses; Due to the needs of business development, the financing scale increased during the reporting period, resulting in a year-on-year increase in financial expenses; At the end of October 2020, the company completed the merger and acquisition of Shenzhen Yingtang Technology Co., Ltd., and the depreciation and amortization of assets increased; The company implemented the first phase of Invengo Information Technology Co.Ltd(002161) employee stock ownership plan at the end of 2020 and confirmed the relevant expenses; The equity of other listed companies held by the company is measured at fair value based on trading financial assets. Affected by the fluctuation of stock price, the total loss from changes in fair value recognized in the reporting period is about 12.41 million yuan, with a year-on-year decrease in loss.
The reporter of the daily economic news noted that the performance of Invengo Information Technology Co.Ltd(002161) has been flat in the past few years. From 2018 to 2020, the company’s revenue was 438 million yuan, 629 million yuan and 474 million yuan respectively, and the net profit attributable to the parent company was – 179 million yuan, 743 million yuan and – 438 million yuan respectively. The company recorded a large loss in 2020.
Invengo Information Technology Co.Ltd(002161) has suffered losses for two consecutive years. Is there a strategic plan to improve performance in the future? In this regard, the company replied to the reporter that the company focuses on the three major businesses of railway, books, cultural tourism and retail. At the same time, it actively develops the vertical application fields of RFID Internet of things in smart medical treatment, smart power, tobacco and alcohol management and other emerging industries, and provides high-performance RFID technology, products and overall solutions; The company will actively explore the market, dig deep into customer needs and strive to achieve a breakthrough in performance.
