On February 10, Lu Jianming, chairman of “Yamao” Topchoice Medical Co.Inc(600763) microblogging, burned incense and prayed for blessings in shajingshan temple and went on a hot search in violation of the local epidemic prevention policy.
The reporter of Securities Daily noted that on February 7, LV Jianming’s edited microblog said: “because of the epidemic, Jingshan temple has not been opened recently, and the main door has not been opened, but the side door of the parking lot has not been closed, so anyone can enter and exit. When entering the temple, it is sparsely populated, and several young people in Han clothes took pictures in various shapes. I went into the hall and burned three incense sticks.”
According to the original version, LV Jianming said, “because of the epidemic, Jingshan temple is not open to the outside world recently. A friend contacted the temple monk and was able to enter the hall and burn three incense.”
In addition to the news of the chairman praying for blessings, recently Topchoice Medical Co.Inc(600763) and its investors have a lot to worry about: the total market value has shrunk sharply, the controlling shareholder has supplemented the pledge, and the dental implant business is facing intensive purchase
replenish pledge while increasing Holdings
As the leading target of A-share stomatology department, Topchoice Medical Co.Inc(600763) the total market value in June 2020 was less than 50 billion yuan. However, since then, the company’s share price started the open listing mode: in a year, that is, in June 2021, the company’s secondary market continued to rise, and the total market value once rose by more than 130 billion yuan. However, in less than a year, the total market value of Topchoice Medical Co.Inc(600763) returned to the starting point and fell below the 50 billion mark.
Just two days after LV Jianming worshipped Buddha and burned incense and attracted market attention, that is, on February 9, Topchoice Medical Co.Inc(600763) issued an increase announcement, which showed that LV Jianming increased the total 35000 shares of the company through the securities trading system of Shanghai Stock Exchange, accounting for 0.01% of the total share capital of the company.
According to the introduction of Topchoice Medical Co.Inc(600763) , on January 8, 2022, the company disclosed the announcement on the increase of shares held by the actual controller of the company. Within 6 months from the date of disclosure of the report, LV Jianming, the actual controller and chairman of the company, increased the holding of no less than 100000 A-Shares of the company.
Topchoice Medical Co.Inc(600763) said that after the increase, LV Jianming directly held 1189000 shares of the company, accounting for 0.37% of the total share capital. Meanwhile, Hangzhou Baoqun Industrial Group Co., Ltd. controlled by LV Jianming held 108.232 million shares, accounting for 33.75% of the total share capital.
In this regard, Topchoice Medical Co.Inc(600763) the staff of the board secretary office told the reporter of Securities Daily that the increase is because they are optimistic about the development of the company.
It is worth noting that before LV Jianming increased his holdings, Topchoice Medical Co.Inc(600763) controlling shareholder Hangzhou Baoqun industrial group (hereinafter referred to as “Baoqun industry”) supplemented and pledged the shares of listed companies for many times. On January 12 and January 29, Topchoice Medical Co.Inc(600763) respectively issued the announcement on the pledge of some shares by controlling shareholders.
Among them, the announcement on January 29 shows that Baoqun industry holds 108.232 million Topchoice Medical Co.Inc(600763) shares, accounting for 33.75% of the total share capital; The number of Pledged Shares is 3.85 million, accounting for 3.56% of the shares of the company held by Baoqun industry and 1.2% of the total shares of the company; After the supplementary pledge, the total number of Pledged Shares of Baoqun industry is 44.98 million, accounting for 41.56% of the shares of the company held by Baoqun industry and 14.03% of the total shares of the company; The number of Pledged Shares of Baoqun industry accounts for 41.12% of the company’s shares held by Baoqun industry and its persons acting in concert, accounting for 14.03% of the company’s total shares.
In this regard, Topchoice Medical Co.Inc(600763) the above-mentioned staff of the board secretary office said that the supplementary pledge is due to the (share price adjusted to) pledge line.
On February 10, Topchoice Medical Co.Inc(600763) closed at 152.8 yuan / share, up slightly by 0.1%.
what is the impact of centralized mining and landing of dental implants?
The main fuse of continuous dental implant {763}.
Last year, the national medical insurance bureau pointed out that places with conditions should formulate reasonable payment standards according to their own economic development level and fund affordability; Give full play to the role of commercial insurance, and study and explore the feasible path of bringing dental projects into the payment scope of commercial insurance.
According to the information disclosed by Topchoice Medical Co.Inc(600763) in the third quarter of 2021, the dental implant business accounted for 16.47% of the total operating revenue. In the face of policy changes, Topchoice Medical Co.Inc(600763) previously told our reporter that the centralized collection of dental implants has little impact on the company’s current business. “The company is not a dental implant manufacturer. Centralized mining has reduced the cost of the company to a certain extent.” In the past, the company’s dental implant business was mainly aimed at medium and high-end customers. With the publication of the brand catalogue of dental implant in Ningbo, the company also carried out medium and low-end dental implant business. “Relatively speaking, dental implants are mainly imported brands.”
According to the data, as of February 10, 2022, Topchoice Medical Co.Inc(600763) has a total market value of about 48.9 billion yuan, which is more than 130 billion yuan compared with the total market value in June 2021. If the total market value of the company is less than 50 billion yuan, it has shrunk by more than 80 billion yuan.
In response to investors’ questions about the continuous decline of the company’s share price, Topchoice Medical Co.Inc(600763) said that the operation of the company’s hospitals is normal, and the share price of the secondary market is affected by many factors, but the market demand and space of oral medical services have not changed.
Li Yifeng, chief researcher of Guangzhou pebble investment pharmaceutical industry, told our reporter that the centralized purchase of dental implants is to hang the local network or promote the high-priced consumables such as dental implants to enter the medical insurance payment in some areas with strong payment ability, so as to improve the penetration rate, promote the development of the whole industry and benefit the development of leading brand enterprises.
“Short term centralized purchase has a certain impact on the profits of oral chain institutions. By limiting the independent pricing items and charging scale of public hospitals, it will indirectly suppress the prices of private institutions. The policy will affect the prosperity of the sector. The structural adjustment of volume for price needs to wait for the verification of the market. There is uncertainty in performance, and there will be a process of returning to rationality in valuation.” Li Yifeng thinks.
