Outrageous! The reason why shareholders buy and sell stocks illegally is that they do not understand the securities laws and regulations and do not know the shareholding ratio

Never thought!

Not long after I raised my card, I apologized for illegal trading of stocks for two consecutive days. This happened to Ye Jinyou, the shareholder of Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) because he didn't understand the securities laws and regulations and didn't know his specific shareholding ratio.

constitutes a short-term transaction

On the evening of February 24, Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) announced that on the 24th, the company received the "explanation and apology statement on the composition of short-term trading of my own trading of shares" issued by shareholder Ye Jinyou. Because ye Jinyou did not understand the securities law and trading rules, he bought and sold the company's shares from January 26 to February 15, forming a short-term trading.

Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) said that ye Jinyou bought 16739640 shares of the company from January 27 to February 15, and sold 534100 shares and 868400 shares of the company on February 11 and February 15 respectively. The above transactions violate relevant regulations and constitute short-term transactions.

Source: company announcement

According to relevant regulations, ye Jinyou's income from this short-term exchange shall be recovered by the board of directors of the company. The income from this exchange is 103427.14 yuan. Ye Jinyou is willing to turn over the above trading income to the board of directors of the company.

Ye Jinyou sincerely apologized to the company and the majority of investors for this behavior, and promised not to buy or sell the company's shares within 6 months from the date of disclosure of this announcement.

placards without letter phi

On the evening of February 23, Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) announced that when inquiring about the shareholding of shareholders on February 22, the company found that ye Jinyou had held 109801601 shares of the company, accounting for 6.34% of the total share capital of the company.

Therefore, the company informed Ye Jinyou at the first time and asked him to fulfill the obligation of information disclosure. On February 23, the company received the Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) simplified equity change report (Ye Jinyou) signed by Ye Jinyou.

The announcement disclosed that on January 25, ye Jinyou increased his holdings of 6343100 shares of the company, accounting for 0.37% of the total shares of the company. After this equity change, ye Jinyou held 90930361 shares of the company, accounting for 5.25% of the total shares of the company, exceeding 5% of the total shares of the company for the first time.

From January 26 to February 17, ye Jinyou continued to increase his holdings of 18871240 shares of the company, accounting for 1.1% of the total shares of the company. As of the disclosure date of the report, ye Jinyou has held shares, accounting for 6.34% of the total share capital of the company.

Source: company announcement

Why don't you believe me? Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) said that ye Jinyou didn't fulfill the obligation of disclosure of equity change information in time because he didn't know the securities laws and regulations and his specific shareholding ratio. He didn't know that his shareholding ratio had exceeded 5% until he received the notice from the company on February 22.

And then continued to buy shares without disclosing the announcement of changes in equity, and reduced 1402500 shares in February. He made a sincere apology to the majority of investors for the negative impact of the illegal trading of shares.

Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) said that it would organize the actual controllers, shareholders holding more than 5% shares, directors, supervisors and senior managers to seriously study the relevant laws, regulations and normative documents such as several provisions on the reduction of shares held by shareholders, directors, supervisors and senior managers of listed companies.

company performance decline

Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) mainly engaged in the R & D, production and sales of polyester top and composite staple fiber.

The company expects to realize a net profit attributable to the shareholders of the listed company of about 108.17 million yuan in 2021, a year-on-year decrease of about 53.51%.

Employment performance is expected to decrease. The company mentioned that in 2021, due to the insufficient demand in the downstream market and the intensification of industry competition, the sales volume and average sales price of composite staple fiber decreased year-on-year, and the price rise of main raw materials led to the decline of product gross profit. Meanwhile, the operating performance base in 2020 is high.

Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) also "love" financial management. Since November 2021, the company has issued several announcements on the due redemption of financial products.

Source: company announcement

On January 27, the company announced that on January 24, the company signed Bank Of Suzhou Co.Ltd(002966) structured deposit agreement with Bank Of Suzhou Co.Ltd(002966) to carry out RMB structured deposit business. The product name is the 130th customized structured deposit in 2022. The type is principal guaranteed floating type, and the deposit principal is 100 million yuan.

Jiangsu Jiangnan High Polymer Fiber Co.Ltd(600527) said that the principal guaranteed commitment issued by the bank to carry out the structured deposit business this time has high investment security and will not affect the progress of the fund-raising project. As of the disclosure date, the company used idle raised funds for cash management, with a balance of 400 million yuan.

Some investors said on the interactive platform: the company currently holds a large amount of cash to buy cash financial products, and the company's goal is to build a world-class chemical fiber enterprise. But at present, the company's products are relatively single. What are the downstream cooperative listed companies of the company? Does the company currently have new R & D products?

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