Securities code: Ningbo Energy Group Co.Ltd(600982) securities abbreviation: Ningbo Energy Group Co.Ltd(600982) Announcement No.: 2022008 Ningbo Energy Group Co.Ltd(600982)
Announcement on abnormal fluctuations and risk tips of the company's stock trading
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
Important content tips:
Ningbo Energy Group Co.Ltd(600982) (hereinafter referred to as "the company") shares have deviated from the closing price by more than 20% for three consecutive trading days on February 28, March 1 and March 2, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
According to the company's self inspection and letter confirmation, the controlling shareholder Ningbo Development and Investment Group Co., Ltd. (hereinafter referred to as "Ningbo Kaitou"), as of the disclosure date of this announcement, there is no material information that should be disclosed but not disclosed.
Secondary market transaction risk. 1. In the five trading days since February 24, 2022, the stock range of the company has increased by 61.17%, with a large increase; 2. Since February 24, 2022, the cumulative turnover rate of the company's shares has been 106.97%, significantly higher than the previous turnover rate of the company.
There is no significant change in the company's main business. The company is mainly engaged in cogeneration, biomass power generation, pumped storage and comprehensive energy services, as well as financial investment related to energy. So far, the main business has not changed.
Other possible risks. The two letters of intent on cooperation recently signed by the company do not constitute the basis for the signatories to investigate each other's liability for breach of contract, and there are major uncertainties in the implementation of the two pumped storage projects involved. The investment amount of pumped storage project is large, which is far higher than the current book monetary capital level of the company. At the same time, the project construction investment cycle is long, and the source of funds and specific construction plan are not clear.
1、 Details of stock trading (abnormal) fluctuations
Since February 24, 2022, the company's shares have been trading at the limit for five consecutive trading days. The deviation of the closing price increase for three consecutive trading days on February 28, March 1 and March 2, 2022 has exceeded 20% in total. According to the relevant provisions of the trading rules of Shanghai Stock exchange, it belongs to abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
(I) at present, the company's production and operation activities are normal and the business environment has not changed significantly. According to the company's self inspection, there are no important matters that should be disclosed but not disclosed.
(II) after the company's self-examination and verification with Ningbo Kaitou, the controlling shareholder of the company, Ningbo Kaitou, as the controlling shareholder of Ningbo Energy Group Co.Ltd(600982) as of the announcement date, there is no information that should be disclosed but not disclosed related to Ningbo Energy Group Co.Ltd(600982) as stipulated in the stock listing rules of Shanghai Stock Exchange and other laws and regulations, and there is no major matter affecting the abnormal fluctuation of Ningbo Energy Group Co.Ltd(600982) stock trading price, There is no other information that should be disclosed but not disclosed, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping and asset injection related to Ningbo Energy Group Co.Ltd(600982) project.
(III) according to the company's self-examination, the company has not found any media reports and market rumors that may have a significant impact on the company's stock trading price, nor any other matters involving the concept of market hot spots. (IV) after verification, the company has not found any other major events that may have a great impact on the company's share price, and the company's directors, supervisors, senior managers, controlling shareholders and actual controllers have not bought or sold the company's shares during the abnormal fluctuation of the company's stock trading.
3、 Relevant risk tips
(I) secondary market transaction risk
The company's shares have been trading at the limit for five consecutive trading days since February 24, 2022. As of the closing on March 2, 2022, the closing price of the company's shares was 7.14 yuan. Since February 24, 2022, the range of five trading days has increased by 61.17%, with a large increase. The cumulative turnover rate for five consecutive trading days is 106.97%, significantly higher than the previous turnover rate of the company. According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing of March 2, 2022, the latest P / E ratio of d44 power and heat production and supply industry of the Securities Regulatory Commission of the company was 21.40 times, the latest dynamic P / E ratio of the company was 30.94 times, the P / E ratio of power and heat production and supply industry was 1.72 times, and the latest P / E ratio of the company was 2.25 times, The data are higher than the level of Listed Companies in the same industry. Please invest rationally and pay attention to risks. (II) there is no significant change in the company's main business
The company is mainly engaged in cogeneration, biomass power generation, pumped storage and comprehensive energy services, as well as financial investment related to energy. So far, the main business has not changed. Please invest rationally and pay attention to risks.
(III) other possible risks
The company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent on Cooperation (Announcement No.: pro 2021060) on November 16, 2021. The company signed the letter of intent on construction of Haishu Longguan pumped storage power station project with the people's Government of Haishu District, Ningbo on November 15, 2021. As of the date of this announcement, the projects involved in the letter of intent on cooperation have not made substantial progress, There are still major uncertainties in the implementation of the project.
On March 1, 2022, the company issued the announcement of Ningbo Energy Group Co.Ltd(600982) on signing the letter of intent for cooperation (Announcement No.: pro 2022006). The company signed the letter of intent for investment and construction of Ningbo Fenghua pumped storage power station project with Ningbo Fenghua District People's government and Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) Group East China survey, design and Research Institute Co., Ltd, The letter of intent for cooperation is only an intentional agreement reached by the three parties through friendly negotiation and does not constitute a basis for both parties to investigate the liability for breach of contract. As of the date of this announcement, the projects involved in the letter of intent for cooperation have not made substantive progress, and there are major uncertainties in the implementation of the projects involved.
The investment amount of the project involved in the above letter of intent is large, which is much higher than the current book monetary capital level of the company. At the same time, the project construction investment cycle is long, the source of funds and specific construction plan are not clear, and there are major uncertainties in the implementation of the project.
At present, the company only has the holding subsidiary Ningbo Xikou pumped storage power station Co., Ltd. (hereinafter referred to as "Xikou energy storage") to carry out the pumped storage business. As of June 30, 2021, the total assets of Xikou energy storage accounted for 2.69% of the total assets of the company, and the operating revenue of Xikou energy storage from January to June 2021 accounted for 2.37% of the company's operating revenue. Please invest rationally and pay attention to risks.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that the company does not have any matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed of the matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules Information that may have a great impact on the trading price of the company's shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the previous period.
The company solemnly reminds investors that the company's information can be found on the website of Shanghai Stock Exchange (www.sse. Com. CN.) And the relevant announcements published in Shanghai Securities News, the information disclosure media designated by the company. Please invest rationally and pay attention to risks.
It is hereby announced.
Ningbo Energy Group Co.Ltd(600982) board of directors March 3, 2022
