Rubbing hot spots can also be addictive, which some listed companies can’t stop. On February 24, Beijing Highlander Digital Technology Co.Ltd(300065) ( Beijing Highlander Digital Technology Co.Ltd(300065) , SZ) announced in the Shenzhen stock exchange that the company’s submarine observation network was mainly to monitor the activities of surface and underwater combat units along the whole coast during the war, timely find and prevent the infiltration of enemy submarines, frogmen, small ships and other equipment, effectively reduce the destructive power of reconnaissance and special operations, and avoid similar conflicts between Russia and Ukraine, The rapid penetration of Odessa, a coastal city in Ukraine, the company’s submarine connection box technology comes from the mature Canadian team acquired, with a world-class technical level. At present, the laying proportion of China’s submarine observation network is low, and the follow-up needs to be rapidly improved.
In fact, the company has nothing to do with the conflict between Russia and Ukraine, and the revenue of the company’s military products sector accounts for a relatively low proportion. This answer is suspected of misleading investors, which is a typical behavior of hitting the edge and rubbing the hot spot. Previously, Beijing Highlander Digital Technology Co.Ltd(300065) was sent a letter of concern by the Shenzhen stock exchange for rubbing the concept of “meta universe”. Later, the company linked the company’s underwater data center business with “counting East and west” in the same way, which can be said to be an old hand in rubbing hot spots.
Due to the need of market value management, some listed companies have been hyping stock prices with the help of hot spots for a long time. For example, Jiangsu Xiuqiang Glasswork Co.Ltd(300160) misrepresented the fact that the company was the only supplier of Tesla charging pile glass and exaggerated the relatively small charging pile glass business; Duolun Co., Ltd. (now Shanghai Guijiu Co.Ltd(600696) ) was renamed as “picongpi” when the P2P industry was popular; In addition, during the hot speculation of the concept of xiong’an new area, Chongqing Fuling Zhacai Group Co.Ltd(002507) said to set up an office in the local area and try to be among the “xiong’an concept”.
Either way, the purpose of listed companies rubbing hot spots is to hype the stock price. Stocks with hot spots can often gain a good rise in the short term, which is obviously good for major shareholders to reduce their holdings, pledge or improve their credit rating. Moreover, the market value changes brought by this “extension” growth are not necessarily achievable by many companies through long-term efforts. Therefore, some listed companies do not hesitate to risk violations to rub hot spots. Such cases emerge in endlessly and repeatedly banned.
The problem behind the random rub hot spot is that listed companies do not fulfill their responsibilities to xinphi. The measures for the administration of information disclosure of listed companies stipulates that information disclosure obligors shall disclose information in a true, accurate, complete and timely manner, and shall not have false records, misleading statements or major omissions. Random hot spots obviously belong to the category of “misleading statements” or “false records”. The confusion and misleading statements transmitted by listed companies to investors in public will directly affect the rationality of investors’ investment decisions, cause investors to blindly follow the trend and damage the legitimate rights and interests of investors.
On the other hand, the punishment of the regulatory authorities is not heavy enough, which is also one of the reasons for the continuous breeding of random rub hot spots. For the behavior of listed companies forcibly rubbing hot spots, the regulatory authorities mostly issue a warning letter of concern, and there are few penalties if it does not cause great impact.
In view of this, the author suggests that the regulatory authorities should strengthen the supervision of the daily letter Phi content of listed companies, and warn or punish those who indiscriminately play the edge ball in accordance with the law and regulations. Once it is found that there are “misleading statements” and “false records”, it should be severely punished. If the circumstances are serious, it should be filed for investigation.
However, under the provisions of the new securities law, the supervision has been greatly improved: the upper limit of punishment has increased from Shanghai Pudong Development Bank Co.Ltd(600000) yuan to 10 million yuan, and investors can also sue for compensation according to law.
In addition to listed companies and regulators, investors themselves should also polish their eyes, abandon the unrealistic idea of getting rich overnight, and adhere to the road of value investment. Judging from the hot spot of Beijing Highlander Digital Technology Co.Ltd(300065) rubbing Russia and Ukraine, investors also seem to be much more rational. On February 24, the company’s share price closed down by 6.03% and continued to decline by 3.65% the next day. I believe that over time, there will be fewer and fewer listed companies forced to rub hot spots, and A-Shares will go out of their own “value cow” market.
