On February 11, Kingland Technology Co.Ltd(000711) went all the way up to the daily limit after opening. This is the ninth daily limit of the stock in nearly 15 trading days. According to wind data, since 2022, the company’s share price has increased by 91.3%.
According to the performance forecast, Kingland Technology Co.Ltd(000711) 2021 has a loss forecast of 750 million yuan to 1.35 billion yuan. At the end of 2021, Kingland Technology Co.Ltd(000711) also staged the plot of “losing official seal”
bucked the trend and soared
The rise began on January 17. In the last six trading days before the Spring Festival of the year of the tiger, we had a strong harvest of five trading boards. On January 27 and 28, Kingland Technology Co.Ltd(000711) even staged the trend of “Earth Sky board” for two consecutive days.
Source: China stock market news
It is worth noting that Kingland Technology Co.Ltd(000711) has been trading for seven consecutive trading days from February 5 to February 22, 2021, which is called “the first demon stock in the year of the ox” by investors. In January 2022, at the end of the year of the ox, Kingland Technology Co.Ltd(000711) went out of the “demon stock” market again, and the stock price increased by 75.72% in the month.
Kingland Technology Co.Ltd(000711) behind the twice “demon forming” of “ox head” and “ox tail”, there is no lack of capital speculation. The after hours dragon and tiger list shows that in recent trading days, the “Lhasa Legion” of China stock market news securities has deeply participated in the speculation of Kingland Technology Co.Ltd(000711)
continuous performance loss
Why did Kingland Technology Co.Ltd(000711) go against the trend? In terms of theme, Kingland Technology Co.Ltd(000711) involves many concepts such as agriculture, environmental protection, PPP concept, sewage treatment, blockchain, equity transfer, smart city and even the concept of Winter Olympics.
Kingland Technology Co.Ltd(000711) in response to investors’ questions recently, it said that the PPP project Daihai International Ski Resort invested and constructed by its subsidiary Jinglan Muhe has been completed and put into use, and the national cross-country skiing team, the national biathlon training team and some provincial teams have trained here.
It is worth noting that the fundamentals of Kingland Technology Co.Ltd(000711) are not optimistic. In recent years, with the frequent replacement of major shareholders and the turbulence of management, the company’s performance has suffered losses.
Kingland Technology Co.Ltd(000711) in 2019, 2020 and the first three quarters of 2021, losses reached 1.037 billion yuan, 2.355 billion yuan and 344 million yuan respectively.
Kingland Technology Co.Ltd(000711) the performance forecast disclosed before the Spring Festival shows that the company’s net profit attributable to the parent company in 2021 is expected to lose 750 million yuan to 1.35 billion yuan.
For the reasons for the loss in advance, Kingland Technology Co.Ltd(000711) said that the change in the industrial policy of soil remediation business led to the significant extension of the observation period of the subsidiary zhongkedingshi project, the delay of project settlement and payment collection, and the rise in the prices of energy and materials had a certain impact on the company’s net profit. In addition, during the reporting period, the company accrued various impairment losses, which are expected to be about 500 million yuan
once staged the plot of “losing official seal”
On the evening of December 27, 2021, Kingland Technology Co.Ltd(000711) announced that the company’s seal administrator accidentally lost the company’s official seal and the personal seal of legal person Yang Rengui due to poor management. In order to reduce and control the losses and risks caused to the company by the loss of the above seals, the company has arranged staff to handle the re engraving of seals.
Just after the announcement was issued, the Shenzhen stock exchange quickly issued a letter of concern to Kingland Technology Co.Ltd(000711) , requiring it to explain the specific situation of the loss of the company’s official seal and legal person seal, and evaluate and explain the impact of the loss of the seal on the normal operation of the company and the possible risks.
Kingland Technology Co.Ltd(000711) said in reply to the letter of concern that the company began moving on December 21, 2021. In the process of moving, there are many items involved and the time is urgent, resulting in the improper placement of office items. The next day, the company’s seal administrator found that the company’s official seal and legal person’s name seal were lost.
Kingland Technology Co.Ltd(000711) said that after the seal was lost, the company timely arranged staff to handle the re engraving matters, and officially opened the new seal on December 30, 2021. During the period, no documents signed in the name of the company or legal person during the loss of the seal were found, and the loss of the seal did not cause serious impact and major risks to the production and operation of the company.
On the night of announcing the loss of the company’s official seal, Kingland Technology Co.Ltd(000711) also announced that Tian Xiaonan applied to resign as secretary of the board of directors and securities affairs representative of the company for personal reasons. It is worth noting that Tian Xiaonan has only worked as a Secretary for four months.
On July 16, 2021, Kingland Technology Co.Ltd(000711) also received the resignation report of vice president Guo Yuanyuan and director, vice president and Secretary of the board of directors Liu Xin. On November 3, 2021, Meng Chen applied for resignation as supervisor of the company for personal reasons. On the evening of December 10, 2021, Zhu Jiang applied for resignation as an independent director and all his positions in the special committee of the board of directors for personal reasons.
The resignation and change of several directors, supervisors and senior executives have also attracted the attention of Shenzhen Stock Exchange. Shenzhen stock exchange requires Kingland Technology Co.Ltd(000711) to explain the specific impact of relevant matters on the company’s production and operation and the measures to be taken by the company to ensure the stability of personnel and business.
Kingland Technology Co.Ltd(000711) said in the reply that the resignation and change of some personnel will not have a significant impact on the company’s production and operation. In the future, according to the overall strategic planning, the company will actively pay attention to the industrial policies, focus on the main business, and make every effort to promote the stable and good development of the company. At the same time, we will constantly improve and optimize the salary system internally and improve the enthusiasm of employees, so as to ensure the stability of the company’s personnel and business.
