On March 11, Sunrise Group Company Limited(002752) ( Sunrise Group Company Limited(002752) . SZ) announced that the company had recently received a notice from Chairman Lin Yongxian, one of the actual controllers of the company Lin Yongxian received the notice of filing a case from the CSRC on March 10. Because he was suspected of securities market manipulation, the CSRC decided to file a case according to 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
Source: Sunrise Group Company Limited(002752) announcement
Sunrise Group Company Limited(002752) said that this case is a special investigation on Lin Yongxian’s involvement in the above matters, which has nothing to do with the company and will not have a significant impact on the company’s daily business activities. The company will pay close attention to the progress of Lin Yongxian’s case, and fulfill the obligation of information disclosure in strict accordance with the provisions of relevant laws and regulations and regulatory requirements.
According to the information disclosed by Sunrise Group Company Limited(002752) in the 2020 annual report, Lin Yongxian was born in 1961 in Hong Kong, China, with a high school education. From September 2010 to now, Lin Yongxian has served as the chairman and legal representative of Sunrise Group Company Limited(002752) company. At the same time, Lin Yongxian served as chairman of the board of directors of Shengxing Holding Co., Ltd., chairman of Fujian Fusheng Food Co., Ltd. and supervisor of Sinopec (Fujian) Co., Ltd. Among them, Shengxing Holding Co., Ltd. is the controlling shareholder of Sunrise Group Company Limited(002752) .
According to the annual report, as the chairman of Sunrise Group Company Limited(002752) board, Lin Yongxian’s term of office expires in February 2023.
The reporter of interface news found that from the external performance in the secondary market, as the “unpopular” stocks with only more than 20000 shareholders, Sunrise Group Company Limited(002752) since listing in 2015, they have had several amazing performances.
on April 22, 2015, Sunrise Group Company Limited(002752) was listed at the issue price of 5.74 yuan. After listing, it gained more than 20 limit sectors, and the share price was once fried to 45.77 yuan
After that, Sunrise Group Company Limited(002752) share price fluctuated and fell to the level around the issue price. In November 2021, in the absence of major external good news, the stock price of Sunrise Group Company Limited(002752) suddenly experienced a continuous rise in both volume and price the stock price of Sunrise Group Company Limited(002752) rose by 48.8% in more than half a month from November 12 to November 30, 2021. Since December 2021, Sunrise Group Company Limited(002752) share price has started to decline all the way again
From a fundamental point of view, Sunrise Group Company Limited(002752) in fact, the performance is quite impressive.
As a leading enterprise in China’s metal beverage and food packaging industry, Sunrise Group Company Limited(002752) most of its operating revenue comes from the sale of cans and bottles. Downstream customers include Red Bull, Wang Laoji, Pepsi Cola, Lulu, Nestle, Yinlu, Tsingtao Brewery Company Limited(600600) , snowflake beer and other major food and beverage companies. In 2020, Sunrise Group Company Limited(002752) sold 5.8 billion cans and bottles, with a gross profit margin of 11%.
In 2021, Sunrise Group Company Limited(002752) this small profit but quick turnover business ushered in a big explosion.
On January 22, Sunrise Group Company Limited(002752) released the performance forecast for 2021. It is estimated that the operating revenue in 2021 will be 5.08 billion yuan to 5.2 billion yuan, with a year-on-year increase of 74.99% to 79.12% net profit is expected to be 166 million yuan to 182 million yuan, an increase of 11 to 12 times year-on-year
Source: Sunrise Group Company Limited(002752) announcement
As for the reasons for the performance growth, Sunrise Group Company Limited(002752) said that since 2021, the market demand and orders of the company’s main products have increased significantly year-on-year, and have exceeded the average level of normal years. In particular, the orders of new energy beverage customers have increased significantly.
In addition, Sunrise Group Company Limited(002752) laid out the high-end aluminum bottle market. In 2021, the business increased significantly and became one of Sunrise Group Company Limited(002752) new core profit growth points. According to its announcement, aluminum bottles mainly serve high-end beer packaging.
Therefore, Sunrise Group Company Limited(002752) ‘s performance is in contrast to its share price. As of the closing on March 10, Sunrise Group Company Limited(002752) reported 5.63 yuan / share, falling below the issue price
