Bull stocks suddenly ushered in bad news. They were filed by the regulatory authorities on suspicion of violating laws and regulations!
In just half a year or so, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) and the controlling shareholder of the company, whose share price has risen six times, have just been announced and filed. Investors who are chasing high are confused. They just bought yesterday. What should we do?
By the end of the third quarter of 2021, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) had 41700 shareholders,
6 times the limit, and was immediately filed for investigation
Just now, St bull shares, phosphorus chemical concept shares, facing Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) bankruptcy reorganization, announced that the company and its controlling shareholders were filed by the CSRC.
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) the announcement said that the company received the notice of filing a case from the CSRC on December 7. The CSRC decided to file a case against the company for suspected illegal information disclosure.
On the same day, Chengxing group, the controlling shareholder of the company, received the notice of filing a case from the CSRC. The CSRC decided to file a case against Chengxing group on suspicion of illegal information disclosure.
The company and Chengxing group will actively cooperate with the relevant work of the CSRC and perform the obligation of information disclosure in strict accordance with the regulatory requirements.
continuous trading of ST shares: 64 trading limits in the last half year
Although Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) is a big bull stock in the last half of the year, from the lowest share price of 1.86 yuan at the end of May this year to today's limit share price of 13.05 yuan. In about half a year, the company's share price rose as much as six times.
Although the trading limit is only 5%, it can not stand the daily trading limit for three or two days. The stock price has risen fiercely. The intraday trading limit or closing trading limit has appeared in the last five trading days. In the last six months or so, 64 trading limits have been staged since May 21.
And even in the face of delisting risk and soaring share price, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) company's market value is still as high as 8.65 billion yuan.
netizens were confused: what should I do if I just stepped forward yesterday?
Such a sudden case filing of big bull stocks is undoubtedly a major bad news, especially for investors who have bought in recent days or face great risks. The turnover of Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) in the last two trading days is more than 300 million yuan, and there should be many investors entering the market at a high level.
In the stock bar, many netizens were worried. Some said they had just bought yesterday and didn't know what to do. Others were speculating about how many limits to fall. Some netizens said that someone was going to lose sleep. (click to enter Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) )
Some netizens said it was already the top of history.
From the perspective of public trading seats, Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) is mainly traded with the funds of the securities business department. During the change period from November 25 to November 29, the top five buying and selling seats are the seats of the securities business department.
phosphorus chemical concept shares face bankruptcy reorganization
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) is a popular phosphorus chemical concept stock this year, mainly engaged in the production and sales of fine phosphorus chemical products such as yellow phosphorus, phosphoric acid and phosphate. Last month, the company disclosed that it had been applied for bankruptcy reorganization, and the company had many problems.
Jiangsu Chengxing Phosph-Chemical Co.Ltd(600078) recently announced risk tips. Disclose various problems existing in the company.
The first is the risk of delisting. The audited ending net assets of the company in 2020 are negative, and the financial and accounting report in 2020 is issued, so it is impossible to express an opinion. If the audited net assets of the company are negative at the end of 2021 or the audit institution is unable to issue a standard unqualified audit report, the listing of the company's shares will be terminated.
The funds occupied by the controlling shareholders have not been returned. As of September 30, 2021, the controlling shareholder Chengxing group and its related parties still occupied a total of 2.223 billion yuan (Unaudited) of the company's capital, which has not been returned at present.
The company faces major uncertainties in its continuing operations. The shares of 17 companies such as Yunnan Maitreya phosphorus electric chemical Co., Ltd. held by the company have been applied for freezing. At the same time, the accounting firm issued an audit report in the 2020 annual report that contains significant uncertainties in going concern and cannot express opinions; The production plants of the company and its important subsidiaries stopped production and reduced production in September 2021. The above shutdown has a significant adverse impact on the company's order fulfillment and product sales this year.
The company was filed for bankruptcy reorganization. It was announced on November 10 this year that on November 9, 2021, Jiangyin building decoration products factory, the creditor of the company, applied to Wuxi intermediate people's court for bankruptcy reorganization on the grounds that the company could not pay off its due debts and its assets were insufficient to pay off all debts. At present, the company has not received the ruling of the court on the applicant's application for company reorganization, There are still major uncertainties whether the applicant's application can be accepted by the court and whether the company enters bankruptcy reorganization proceedings.
If the court formally accepts the reorganization application of the company, the company will be at risk of being declared bankrupt due to the failure of reorganization. If the company is declared bankrupt, the company's shares will face the risk of delisting.
(China Fund News)
