Shenzhen Stock Exchange issued a concern letter to Jiangyin Haida Rubber And Plastic Co.Ltd(300320) on the 30th, asking to explain whether the recent stock price increase matches the company’s fundamentals, etc.
The data show that Jiangyin Haida Rubber And Plastic Co.Ltd(300320) shares have increased by 113.44% from October 12 to December 29, 2021, significantly deviating from the growth enterprise market composite index and the share price increase of the industry in the same period. On December 30, Jiangyin Haida Rubber And Plastic Co.Ltd(300320) shares fell slightly, down 3.90% to RMB 16.02 as of the closing.
Jiangyin Haida Rubber And Plastic Co.Ltd(300320) on December 29, the disclosure announcement said that the company and China Building Materials New Energy Engineering Co., Ltd. (hereinafter referred to as “China building materials new energy”) signed the strategic cooperation agreement on supporting short frame framework for 2gw flexible module photovoltaic power station project (hereinafter referred to as “framework strategic agreement”), and the company will provide China building materials new energy with supporting short frame of flexible modules, The signing of the agreement marks that the “PV buckle short frame” product has been recognized by the market and officially introduced to the market, which is conducive to improving the performance of the company’s new energy business.
Shenzhen Stock Exchange pointed out that the framework strategic agreement shows that the scope of cooperation between Jiangyin Haida Rubber And Plastic Co.Ltd(300320) and CNBM new energy is a nationwide roof distributed photovoltaic power station project. (1) Please explain the specific cooperation scope, cooperation scale and expected project cycle under the agreement in combination with the development of the company and CNBM’s new energy photovoltaic business, and fully remind the risk that the project construction progress, business expansion scale and market acceptance of new products are less than expected; (2) Please explain the legal effect of the framework strategic agreement in combination with the breach provisions in the framework strategic agreement, and fully remind the risks in the follow-up implementation of the framework strategic agreement.
Recently, some media classified Jiangyin Haida Rubber And Plastic Co.Ltd(300320) as photovoltaic concept stocks. According to the requirements of Shenzhen Stock Exchange, (1) please supplement and disclose the main customers, sales amount and sales proportion of the company’s photovoltaic module related business in recent one year and phase I, and explain the specific impact of photovoltaic business on the company’s financial status and operating results in combination with the core technology, industry status and on-hand orders of relevant business; (2) Please explain the differences in technology, price, cost and customers between the company’s PV buckle short frame and the existing products in the market, and fully remind the relevant business risks.
Shenzhen Stock Exchange also requires that, in combination with the macro situation of the market, the situation of the industry, the stock price trend of Listed Companies in the same industry and the company’s production and operation, please analyze and explain whether the company’s fundamentals have changed significantly, whether the recent stock price increase matches the company’s fundamentals, and conclude the P / E ratio and stock price change of Listed Companies in the contract industry, so as to give full tips on the risk of stock price fluctuation.
The Shenzhen Stock Exchange also mentioned that Jiangyin Haida Rubber And Plastic Co.Ltd(300320) supervisor Chen Mingang completed the reduction plan on December 29, reducing 499000 shares on the same day, accounting for 61.82% of the total number of shares reduced. Please supplement the planning, resolution process and specific time nodes of the framework strategic agreement, relevant personnel involved and known, verify the trading of the company’s shares by insiders, directors, supervisors, senior managers and their immediate family members in the latest month, whether there is a reduction plan in the next three months, and report the transaction details and self-examination report.
(Zhongxin Jingwei)
