Jiangxi Special Electric Motor Co.Ltd(002176) (002176) announced on December 9 that the company received the notice of filing a case from the CSRC on the same day. Due to the suspected violation of information disclosure, the CSRC decided to file a case against the company.

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210000 investors fryer! 5x lithium bull shares were filed for investigation by the CSRC, involving letter approval and violation of laws and regulations

On suspicion of violating laws and regulations in credit approval, the CSRC suddenly filed a case for investigation, and 210000 shareholders holding Jiangxi Special Electric Motor Co.Ltd(002176) completely fried the pot.

Today, Jiangxi Special Electric Motor Co.Ltd(002176) announced that it had received the notice on filing a case (Zheng Jian Li Jian Li Jian Zi No. 025201009) from the China Securities Regulatory Commission on December 9. Due to suspected illegal information disclosure, the CSRC decided to file a case against the company in accordance with the securities law of the people’s Republic of China, the administrative punishment law of the people’s Republic of China and other laws and regulations. The company will actively cooperate with the relevant work of the CSRC and perform the obligation of information disclosure in strict accordance with the regulatory requirements.

Although there was no clear explanation on the violation of laws and regulations of credit approval, due to the filing and investigation by the CSRC, this announcement still aroused many investors’ concerns about the follow-up stock price performance. In the stock bar, many netizens spoke and predicted that the stock might be under pressure. (click to enter Jiangxi Special Electric Motor Co.Ltd(002176) )

It is worth noting that Jiangxi Special Electric Motor Co.Ltd(002176) is a real lithium concept bull stock this year. As of today’s closing, the stock has increased by 541% during the year, and the current total market value exceeds 40 billion yuan.

According to the data disclosed in the company’s third quarterly report, there are nearly 210000 shareholders holding Jiangxi Special Electric Motor Co.Ltd(002176) , which has doubled the number of shareholders compared with 104000 disclosed in the semi annual report.

According to the data, Jiangxi Special Electric Motor Co.Ltd(002176) is mainly engaged in the integrated production of lithium mica mining, beneficiation and metallurgy and the production and sales of special motors. It is the enterprise with the largest lithium ore reserves and lithium extraction capacity of lithium mica. In 2018 and 2019, the lithium business decreased significantly due to the huge loss of new energy vehicle business and the decline of lithium price. In 2021, the motor business grew steadily, and the volume and price of lithium business increased simultaneously, boosting the performance reversal.

According to the three quarterly reports previously disclosed by the company, in the first three quarters, the company realized an operating revenue of 2.030 billion yuan, a year-on-year increase of 44.66%, and the net profit attributable to the shareholders of the listed company was 249 million yuan, a year-on-year increase of nearly 11 times.

In addition, in the third quarter, three funds of SDIC UBS emerged among the top ten circulating shareholders of Jiangxi Special Electric Motor Co.Ltd(002176) . Its China investment UBS new energy hybrid securities investment fund holds 24329200 shares, with a shareholding ratio of 1.43%; SDIC UBS industrial trend hybrid securities investment fund holds 16.9244 million shares, with a shareholding ratio of 0.99%; SDIC UBS advanced manufacturing hybrid securities investment fund holds 13.049 million shares, with a shareholding ratio of 0.76%. (source: financial Associated Press)

(Securities Times)