The first “demon stock” of the year of the tiger came, Zhejiang Construction Investment Group Co.Ltd(002761) (002761. SZ) rose nearly 150% this month. In the 10 trading days from February 7 to 18, the daily limit rose for 9 trading days.
As the saying goes, Zhejiang Construction Investment Group Co.Ltd(002761) demon stocks “have more right and wrong”, Zhejiang Construction Investment Group Co.Ltd(002761) not only prompt the risk of accounts receivable in the announcement of abnormal stock price fluctuation, but also prompt the risk of debt ratio. However, all this can not stop the bull trend. On February 18, the exchange also sent a letter to pay attention.
It is worth mentioning that the exchange requires Zhejiang Construction Investment Group Co.Ltd(002761) to check and reply whether the company’s undisclosed annual report information is provided to a third party other than the annual audit accounting firm and whether there is a violation of the fair disclosure of information.
In addition, it is also required to make supplementary disclosure on whether the controlling shareholders, actual controllers, directors, supervisors, senior managers and their immediate relatives of Zhejiang Construction Investment Group Co.Ltd(002761) company have bought and sold the company’s shares and whether they are suspected of insider trading.
the main force of hot money speculation behind cattle walking
With the advent of the year of the tiger, the A-share trading time was less than a month, and the “demon king” came.
On February 18, Zhejiang Construction Investment Group Co.Ltd(002761) raised the limit again, with a high triple board, and the transaction amount was as high as 1.877 billion yuan. Since February, Zhejiang Construction Investment Group Co.Ltd(002761) has increased by nearly 150%.
The stock price trend of Zhejiang Construction Investment Group Co.Ltd(002761) resumed by the reporter of the daily economic news has some similarities with the fund promotion of small cap stocks in the past.
Zhejiang Construction Investment Group Co.Ltd(002761) the circulating share capital is 243 million and the circulating market value is 4.692 billion yuan. The one-day turnover rate of the company’s shares remained high, maintained at 16% to 41%.
More importantly, in terms of the dragon and tiger list, Zhejiang Construction Investment Group Co.Ltd(002761) is behind the relay strangulation of hot money, with few institutions. Not all the hot money listed on the list are anonymous, and the well-known hot money business positions keen on short-term are among them.
For example, on February 17, Huaxin Shenzhen Yitian Road business department and Everbright Shenzhen Jintian Road business department both bought the top five seats in Zhejiang Construction Investment Group Co.Ltd(002761) , and Everbright Shenzhen Jintian Road business department sold two seats the next day.
Zhejiang Construction Investment Group Co.Ltd(002761) the “demon walking” of stock price has also attracted regulatory attention. The Shenzhen Stock Exchange said that from February 14 to 18, it focused on monitoring the recent abnormal increase of ” Zhejiang Construction Investment Group Co.Ltd(002761) ” and ” Hangzhou Landscape Architecture Design Institute Co.Ltd(300649) “.
The main business of Zhejiang Construction Investment Group Co.Ltd(002761) is construction. Although the revenue and net profit increased steadily last year, the gross profit margin of the business is not high. The hype logic behind the company is really incomprehensible.
regulators pay attention to whether the annual report information is leaked
In the process of speculation, Zhejiang Construction Investment Group Co.Ltd(002761) is also releasing abnormal fluctuation announcements to cool down.
On February 17, the company’s announcement also mentioned that as of September 30, 2021, the company’s accounts receivable was 31.89 billion yuan, notes receivable was 2.75 billion yuan, contract assets were 21.43 billion yuan, and the total value of accounts receivable, notes receivable and contract assets was 56.07 billion yuan, accounting for 58.59% of the total assets of the current period. The company will make provision for impairment of relevant receivables in accordance with the accounting standards, and timely and fully assess and disclose the impact of the above risks on the financial statements according to the audit. Meanwhile, from January to September 2021, the net cash flow from the company’s operating activities was -3.78 billion yuan.
In addition, Zhejiang Construction Investment Group Co.Ltd(002761) mentioned that the company’s asset liability ratio in the construction industry is high. As of September 30, 2021, the company’s asset liability ratio was 91.42%, higher than the average level of Listed Companies in the same industry.
This suggests that the risk announcement is still difficult to stop the market momentum, and the exchange also quickly issued a letter of concern.
On the 18th, the Shenzhen Stock Exchange issued a letter of concern, asking it to confirm whether there are major information that should be disclosed but not disclosed, and whether there are major changes in the fundamentals of the company.
It is worth mentioning that the Shenzhen Stock Exchange also requires the company to check and reply whether the unpublished annual report information is provided to a third party other than the annual audit accounting firm and whether there is a violation of the fair disclosure of information.
On February 17, Zhejiang Construction Investment Group Co.Ltd(002761) said in the announcement of stock changes that the unpublished regular performance information was not provided to a third party other than the accounting firm audited by the company.
In addition, the Shenzhen Stock Exchange also requires supplementary disclosure, Zhejiang Construction Investment Group Co.Ltd(002761) whether the controlling shareholders, actual controllers, directors, supervisors, senior managers and their immediate family members buy and sell the company’s shares, and whether there is any suspected insider trading.
Although Zhejiang Construction Investment Group Co.Ltd(002761) did not disclose the annual report, the company previously disclosed the main business situation in the fourth quarter of last year. From January to December 2021, the company’s total amount of newly signed contracts was 150.023 billion yuan, an increase of 7.14% over the same period of the previous year.
In particular, last year, industrial manufacturing business and other engineering related businesses increased by 22.55% and 32.16% respectively year-on-year compared with the previous period. However, the disclosure date of the announcement is mid January, and there is still a time gap from the rise period of Zhejiang Construction Investment Group Co.Ltd(002761) .
