Because Lu Jianming, chairman of the board of directors, disclosed that he had violated the local epidemic prevention policy to burn incense in temples, Topchoice Medical Co.Inc(600763) attracted attention. However, for Topchoice Medical Co.Inc(600763) known as “Yamao”, more attention is paid to the stock price and market value of the company, which has shrunk by more than 80 billion.
On February 7, LV Jianming, who was certified as the chairman and CEO of Tongce group by microblog, posted a microblog: “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.” According to the notice issued by Hangzhou Yuhang Jingshan tourism resort Co., Ltd. on February 4, Jingshan Temple scenic spot implements “double temporary” (suspending the opening of places and all collective religious activities), and the shuttle bus to Jingshan Temple scenic spot is suspended.
In addition to the chairman’s personal behavior, people pay more attention to the Topchoice Medical Co.Inc(600763) falling share price and shrinking market value. In the past less than two years, Topchoice Medical Co.Inc(600763) share price and total market value have experienced a “roller coaster”. In June 2020, the total market value of Topchoice Medical Co.Inc(600763) was equivalent to that at present, less than 50 billion yuan. In the following year, Topchoice Medical Co.Inc(600763) share price was singing all the way. By June 2021, the company’s share price had reached the mark of 400 yuan, and its total market value had exceeded 130 billion yuan. Today, more than half a year later, the total market value of Topchoice Medical Co.Inc(600763) has fallen below 50 billion yuan, which has shrunk by more than 80 billion yuan compared with the peak market value of 130 billion yuan, returning to the level in June 2020. At the closing on February 11, Topchoice Medical Co.Inc(600763) shares were 148.69 yuan / share, with a total market value of 47.676 billion yuan.
Topchoice Medical Co.Inc(600763) is an oral medical group with medical services as its main business and integrating clinical, scientific research and teaching. As of the first half of 2021, Topchoice Medical Co.Inc(600763) has more than 50 dental medical institutions in operation.
In terms of performance, Topchoice Medical Co.Inc(600763) maintained a net profit growth of more than 40% from 2017 to 2019, and the revenue increased by more than 20% year-on-year. However, in 2020, the growth rate of the company’s revenue and net profit slowed down, with a year-on-year increase of 8.12% and 5.69% respectively, the lowest growth rate in recent years. The impact of the epidemic on oral diagnosis and treatment services became the main reason. In the first three quarters of 2021, Topchoice Medical Co.Inc(600763) performance maintained rapid growth.
While the “incense burning incident” attracted attention, Topchoice Medical Co.Inc(600763) announced that on February 9, LV Jianming increased his holding of 35000 shares of the company through centralized bidding, accounting for 0.01% of the total share capital of the company. After the increase, LV Jianming directly held 1189000 shares of the company, accounting for 0.37% of the total share capital, Hangzhou Baoqun Industrial Group Co., Ltd. (hereinafter referred to as Baoqun industry), which is controlled by LV Jianming, holds about 108 million shares, accounting for 33.75% of the total share capital.
On January 12 and January 29 before the increase, Baoqun industry continued to pledge Topchoice Medical Co.Inc(600763) shares, pledging 1.25 million shares and 3.85 million shares respectively. At present, the number of Pledged Shares of Baoqun industry accounts for 41.12% of the Topchoice Medical Co.Inc(600763) shares held by Baoqun industry and its persons acting in concert, accounting for 14.03% of the total shares of the company.
