Among the dead education companies, Dalian My Gym Education Technology Co.Ltd(002621) is unique in 2022 under the catalysis of the “three child concept”. The “Earth Sky board” and 10 trading limits in 15 trading days have become the label of Dalian My Gym Education Technology Co.Ltd(002621) .
On February 23, Dalian My Gym Education Technology Co.Ltd(002621) share price staged a “land sky board”. In addition, in the 14 trading days from January 28 to February 23, Dalian My Gym Education Technology Co.Ltd(002621) gained 10 “limit boards”, and the share price rose by 128.45%. After hours, Dalian My Gym Education Technology Co.Ltd(002621) also received a letter of concern from Shenzhen Stock Exchange.
As an early childhood education company, the statement of Dalian My Gym Education Technology Co.Ltd(002621) is not good-looking. Due to the impairment of goodwill, Dalian My Gym Education Technology Co.Ltd(002621) is expected to have a net loss of 150-195 million yuan attributable to the shareholders of the listed company in 2021. Under multiple factors, the share price of Dalian My Gym Education Technology Co.Ltd(002621) also fell by the limit on February 24 to close at 7.3 yuan / share.
10 limit in 15 trading days
On February 23, Dalian My Gym Education Technology Co.Ltd(002621) fell sharply after opening and fell to the limit in two minutes. However, from 9:45, the capital entered the rocker, and the share price of Dalian My Gym Education Technology Co.Ltd(002621) rose and rose to the limit at 10:25.
According to the trading public information released by the Shanghai and Shenzhen Stock Exchange on February 23, Dalian My Gym Education Technology Co.Ltd(002621) closed at 8.11 yuan on the same day, with an amplitude of 22.32%, a turnover rate of 18.16% and a turnover of 1.063 billion yuan because it became a securities with a price amplitude of 15% on the same day. While Dalian My Gym Education Technology Co.Ltd(002621) has risen sharply for several consecutive days since January 28, with a cumulative increase of 128.45% as of February 23.
For stock price fluctuations, Dalian My Gym Education Technology Co.Ltd(002621) has also issued announcements for many times that the information disclosed by the company in the early stage does not need to be corrected or supplemented; The company’s operating conditions and internal and external operating environment have not changed significantly recently; The company and its controlling shareholders have no major events that should be disclosed but not disclosed about the company, and there are no major events in the planning stage; The controlling shareholder of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
For Dalian My Gym Education Technology Co.Ltd(002621) this round of sharp rise, many people in the industry said that it is related to the concept of three children. “As the three child policy promotes the growth of newborn population, it is good for early education companies.”
Dalian My Gym Education Technology Co.Ltd(002621) also wrote in the 2021 interim report that the relevant research report shows that the three child policy can increase China’s new born population by more than 1 million in 2022, and is expected to drive an average annual increase of 800000 new born population in the following years. The increase in the number of newborns has a stimulating effect on the consumer demand in the field of early education. Because the number of newborns is still huge, It is estimated that in the future, the school-age population of Preschool Education (0-5 years old) will remain above 60 million for a long time.
After hours on February 23, the inquiry letter of Shenzhen Stock Exchange arrived as agreed, requiring Dalian My Gym Education Technology Co.Ltd(002621) to pay attention to and verify relevant matters according to relevant regulations, confirm whether there is any major information that should be disclosed but not disclosed, and whether there is any major change in the fundamentals of the company; Write to the controlling shareholder (or actual controller) of the company to explain whether the shareholder and actual controller plan to transfer equity, restructure assets and other matters that have a significant impact on the company, and ask for a written reply; Check whether the company’s directors, supervisors, senior managers and their immediate family members buy and sell the company’s shares and whether they are suspected of insider trading.
In addition, as early as January 19, Dalian My Gym Education Technology Co.Ltd(002621) disclosed that shareholders holding more than 5% of the shares planned to reduce the company’s shares by means of centralized bidding within 3 months after 15 trading days from the announcement date or by means of block trading within 3 months after 3 trading days from the announcement date, with the total reduction not exceeding 2.99% of the company’s total share capital.
Dalian My Gym Education Technology Co.Ltd(002621) fell directly to the limit on February 24 and closed at 7.3 yuan / share.
Advance loss of 123561}
Although the sharp rise and fall of Dalian My Gym Education Technology Co.Ltd(002621) in the secondary market is particularly eye-catching, its performance is dismal.
On January 29, Dalian My Gym Education Technology Co.Ltd(002621) released the performance forecast for 2021, which showed that Dalian My Gym Education Technology Co.Ltd(002621) expected revenue was 300 million yuan to 350 million yuan, compared with 356 million yuan in the same period of last year, and the net loss attributable to shareholders of listed companies was 150 million yuan to 195 million yuan, compared with 478 million yuan in the same period of last year, and the net loss after deducting non recurring profits and losses was 480 million yuan to 600 million yuan, compared with 527 million yuan in the same period of last year.
For the advance loss in 2021, Dalian My Gym Education Technology Co.Ltd(002621) explained that according to relevant regulations, the company conducted impairment test on goodwill and intangible assets of subsidiaries with signs of impairment at the end of the year; The goodwill and intangible assets formed by the company’s acquisition of 100% equity of Tianjin meijiem Education Technology Co., Ltd. (hereinafter referred to as “Tianjin meijiem”) through 70% holding subsidiary Qixing future (Tianjin) Education Consulting Co., Ltd. (hereinafter referred to as “Qixing future”) show signs of impairment. After preliminary impairment test, The total provision for impairment of goodwill related asset groups and intangible assets of Tianjin meijiem is about 700 million yuan to 800 million yuan.
In addition, Dalian My Gym Education Technology Co.Ltd(002621) also said that in 2021, the non recurring profits and losses attributable to shareholders of listed companies are expected to be 400 million yuan to 450 million yuan; It is mainly the performance compensation corresponding to the performance commitment related to the future acquisition of 100% equity of Tianjin meijiem by Qixing in 2018. The amount of after tax non recurring profits and losses attributable to the shareholders of the listed company is expected to be 370 million yuan – 420 million yuan.
Dalian My Gym Education Technology Co.Ltd(002621) once showed in the semi annual report that Dalian My Gym Education Technology Co.Ltd(002621) mainly focuses on two areas: early childhood quality education and language training for teenagers studying abroad. According to the company’s 2021 semi annual report data, the company has 573 Dalian My Gym Education Technology Co.Ltd(002621) early education centers in 30 provinces, cities, regions and municipalities directly under the central government, with a total of 22 new ones. The revenue of early education service business is 165 million yuan, a year-on-year increase of 189.25%, and the proportion of early education service in the total revenue has increased to 94.48%.
It is noteworthy that in order to optimize the industrial structure and promote the high-quality development of listed companies, Dalian My Gym Education Technology Co.Ltd(002621) sold 100% equity of Beijing Kaide Education Consulting Co., Ltd. (hereinafter referred to as “Kaide education”) in December 2021 and transferred it to Huzhou Tangwen Enterprise Management Consulting Co., Ltd. Kaide education is mainly engaged in English training and consulting services related to studying abroad at the age of K12.
After the completion of this industrial and commercial change, Dalian My Gym Education Technology Co.Ltd(002621) no longer holds the equity of Kaide education and relevant assets engaged in discipline training business involving K12 age.
On February 24, the reporter of Huaxia times sent the interview outline to the designated mailbox of Dalian My Gym Education Technology Co.Ltd(002621) and called the relevant departments on the causes of stock price fluctuations and future development. As of the time of publication, the email had not been replied and the phone had not been connected.
