Securities code: Zhejiang Construction Investment Group Co.Ltd(002761) securities abbreviation: Zhejiang Construction Investment Group Co.Ltd(002761) Announcement No.: 2022013 Zhejiang Construction Investment Group Co.Ltd(002761)
Stock trading abnormal fluctuation and risk prompt announcement
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
Important risks and content tips:
1. Zhejiang Construction Investment Group Co.Ltd(002761) (hereinafter referred to as “the company”) shares have deviated from the closing price by more than 20% for three consecutive trading days on March 16, 2022, March 17, 2022 and March 18, 2022. According to the relevant regulations of Shenzhen Stock Exchange, it belongs to the situation of abnormal fluctuation of stock trading.
2. Trading risk in the secondary market: the company’s stock price has deviated from the closing price for three consecutive trading days by more than 20%. As of the closing on March 18, 2022, the closing price of the company is 38.07 yuan. From February 7 to March 18, 2022, the range increase is 386.21%. The recent fluctuation range of the company’s share price is large. The turnover rate on March 18 was 31.57%, significantly higher than the average turnover rate of 25.71% in the 20 trading days before the company’s stock change (from February 18 to March 17). From February 7 to March 18, 2022, the interval turnover rate was 747.36%, significantly higher than the average turnover rate of Shenzhen stock market. According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing of March 18, 2022, the latest static P / E ratio of e construction industry of the CSRC to which the company belongs is 9.09 times, and the latest P / E ratio of the company is 38.29 times, which is 4.21 times that of Listed Companies in the same industry; The price to book ratio of the industry is 0.87 times, and the latest price to book ratio of the company is 6.30 times, which is 7.24 times that of Listed Companies in the same industry. The valuation is significantly higher than that of Listed Companies in the same industry. Please invest rationally and pay attention to risks. 1、 Introduction to abnormal fluctuations in stock trading
The deviation of the closing price of the company’s shares (Securities abbreviation: Zhejiang Construction Investment Group Co.Ltd(002761) , securities code: Zhejiang Construction Investment Group Co.Ltd(002761) ) for three consecutive trading days on March 16, 2022, March 17, 2022 and March 18, 2022 has exceeded 20% in total. According to the relevant regulations of Shenzhen Stock Exchange (hereinafter referred to as “Shenzhen Stock Exchange”), it belongs to the situation of abnormal fluctuation of stock trading. 2、 Relevant information concerned and verified by the company
In view of the abnormal fluctuation of the company’s shares, the company checked the relevant matters by sending letters and other means. The relevant information is described as follows:
1. There is no need to correct or supplement the information disclosed by the company in the early stage;
2. Recently, the public media has not reported any unpublished material information that may or has had a great impact on the company’s stock trading price;
3. There is no significant change in the company’s main business. The company’s main business is construction and industrial manufacturing, engineering services, infrastructure investment and operation matched with the main construction industry chain. Up to now, the company’s operation and internal and external business environment have not changed significantly. The company’s 2021 annual report is scheduled to be disclosed on April 28, 2022; 4. After verification, the company, the controlling shareholder and the actual controller have no major events that should be disclosed but not disclosed about the company or are in the planning stage;
5. After verification, the controlling shareholder and actual controller of the company did not buy or sell the company’s shares during the abnormal fluctuation of shares. 3、 Description of no information that should be disclosed but not disclosed
The board of directors of the company confirms that, in addition to the above matters, the company has no undisclosed matters that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange or planning, negotiation, intention, agreement, etc. related to the matters; The board of directors has not been informed that the company has undisclosed information that should be disclosed in accordance with the stock listing rules of Shenzhen Stock Exchange and has a great impact on the trading price of the company’s shares and their derivatives; The information disclosed by the company in the early stage does not need to be corrected or supplemented. 4、 Risk tips
1. According to the stock changes in the early stage, the company did not find any violation of the fair disclosure of information through self-examination.
2. On February 18, 2022, the company received the letter of concern on Zhejiang Construction Investment Group Co.Ltd(002761) of Shenzhen Stock Exchange (company department concern letter [2022] No. 147), requiring the company to confirm whether there is any major information that should be disclosed but not disclosed and whether there is any major change in the fundamentals of the company. Describe in detail the recent research of reception institutions and individual investors, and whether there is any violation of fair disclosure of information. Check whether the controlling shareholders, actual controllers, directors, supervisors, senior managers and their immediate family members of the company have bought and sold the company’s shares and whether they are suspected of insider trading. The company has carefully replied to the notice of Shenzhen Stock Exchange on February 202010 in accordance with the requirements of the notice of Shenzhen Stock Exchange.
3. From February 7, 2022 to February 21, 2022, the closing price of the company’s shares increased by 170.88% and the cumulative turnover rate was 278.59% for 11 consecutive trading days. During this period, it touched abnormal fluctuations in stock trading for many times. Due to the abnormal fluctuation of stock price, in order to safeguard the interests of investors, the company suspended the trading verification on the abnormal fluctuation of stock trading. Company stock (certificate)
Short name of the Securities: Zhejiang Construction Investment Group Co.Ltd(002761) , securities code: Zhejiang Construction Investment Group Co.Ltd(002761) ) the trading will be suspended from the opening of the market on February 22, 2022 (Tuesday), and the trading will be resumed from the opening of the market on March 1, 2022 (Tuesday). For details, see the announcement on the verification results of stock trading suspension and resumption of Trading (Announcement No.: 2022011) disclosed by the company on cninfo.com on March 1, 2022.
4. Trading risk in the secondary market: the company’s stock price has deviated from the closing price for three consecutive trading days by more than 20%. As of the closing on March 18, 2022, the closing price of the company is 38.07 yuan. From February 7 to March 18, 2022, the range increase is 386.21%. The recent fluctuation range of the company’s share price is large. The turnover rate on March 18 was 31.57%, significantly higher than the average turnover rate of 25.71% in the 20 trading days before the company’s stock change (from February 18 to March 17). From February 7 to March 18, 2022, the interval turnover rate was 747.36%, significantly higher than the average turnover rate of Shenzhen stock market.
According to the relevant valuation data of China Securities Index Co., Ltd., as of the closing of March 18, 2022, the latest static P / E ratio of e construction industry of the CSRC to which the company belongs is 9.09 times, and the latest P / E ratio of the company is 38.29 times, which is 4.21 times that of Listed Companies in the same industry; The price to book ratio of the industry is 0.87 times, and the latest price to book ratio of the company is 6.30 times, which is 7.24 times that of Listed Companies in the same industry. The valuation is significantly higher than that of Listed Companies in the same industry. Please invest rationally and pay attention to risks.
5. Impairment risk of accounts receivable: at present, the industry in which the company is located is the traditional construction industry, mainly focusing on the real estate construction business. The construction period of general projects is relatively long, and there is a certain lag in the completion, acceptance and audit final accounts of the project. Therefore, the balance of accounts receivable of the company is large, and due to the regulation and control of the real estate industry, the turnover of liquid assets such as accounts receivable is slow, so there is a certain uncertainty in the recovery of accounts receivable and the risk of impairment provision. As of September 30, 2021, the company’s accounts receivable was 3189030995154 yuan, notes receivable 27469664923 yuan, contract assets 2142920423593 yuan, and the total value of accounts receivable, notes receivable and contract assets was 5606651083670 yuan, accounting for 58.59% of the total assets of the current period. The company will make provision for impairment of relevant receivables in accordance with the accounting standards, and timely and fully assess and disclose the impact of the above risks on the financial statements according to the audit. Meanwhile, from January to September 2021, the net cash flow from the company’s operating activities was -378362212233 yuan. Please invest rationally and pay attention to risks. 6. The asset liability ratio of the company is relatively high. As of September 30, 2021, the asset liability ratio of the company is 91.42%, which is significantly higher than the average level of Listed Companies in the same industry. Please invest rationally and pay attention to risks.
7. As of March 10, 2022, the number of shareholders of the company was 90433, an increase of 56097 compared with 34336 on February 10, 2022. The number of shareholders of the company has increased rapidly recently. Please invest rationally, pay attention to risks and avoid blindly following the trend.
8. Please fully understand the stock market risks and the risk factors disclosed by the company. The capital market is a market affected by many factors. The company’s stock price may be affected by multiple factors such as macroeconomic situation, industrial policies, the company’s production and operation, financial market liquidity, capital market atmosphere and investors’ psychological expectations. Therefore, the company reminds investors to fully understand the stock market risks and the risk factors disclosed in the company’s periodic reports, pay attention to the transaction risks in the secondary market, make prudent decisions Rational investment, improve risk awareness, and avoid blindly following the trend.
9. The company does not need to disclose the performance forecast, and the undisclosed regular performance information is not provided to a third party other than the accounting firm audited by the company.
10. The information disclosure media designated by the company are China Securities News, securities times, Shanghai Securities News, securities daily and cninfo（ http://www.cn.info.com.cn. ）, all information of the company shall be subject to the information published in the above designated media.
11. The company will conscientiously perform the obligation of information disclosure and do a good job of information disclosure in a timely manner in strict accordance with the provisions and requirements of relevant laws and regulations. Please invest rationally and pay attention to risks.
It is hereby announced
Zhejiang Construction Investment Group Co.Ltd(002761) board of directors
March 18, 2022
