Jiangsu Jingxue Insulation Technology Co.Ltd(301010) : changes in industrial policies will not have a significant impact on performance in the short term

On March 18, March 19 and March 21, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) rose the limit for three consecutive trading days. From March 16 to March 21, the company’s share price rose by 89.84%. On March 21, the management department of GEM companies of Shenzhen stock exchange sent a letter of concern to listed companies. Today (March 23), Jiangsu Jingxue Insulation Technology Co.Ltd(301010) ( Jiangsu Jingxue Insulation Technology Co.Ltd(301010) , SZ) replied to the attention letter of Shenzhen Stock Exchange.

On March 15, an investor mentioned in an interactive question: “the state will vigorously develop prefabricated buildings, which will account for more than 50% of new buildings by 2025. Your products are used in cold storage projects, plant enclosure projects, exterior wall panels projects and snow field insulation projects. Are these projects prefabricated buildings?”

Jiangsu Jingxue Insulation Technology Co.Ltd(301010) replied: “the company’s main products are energy-saving and thermal insulation materials for cold storage and industrial building enclosure systems. Metal faced energy-saving and thermal insulation sandwich panels have a series of unique material characteristics and are easy to be prefabricated and assembled in the factory, which can be widely used in all kinds of fabricated buildings.”

This time, the Shenzhen stock exchange requires listed companies to list the composition of operating income in recent years and periods according to the type of subdivided products, and give relevant risk tips.

According to the guidance on vigorously developing prefabricated buildings issued by the general office of the State Council in September 2016, “prefabricated buildings are buildings assembled on the construction site with prefabricated parts”. Therefore, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) believes that the energy-saving and thermal insulation materials for cold storage and industrial building envelope system are designed and produced in the company’s factory according to the customer’s project requirements, and then transported to the customer’s project construction site for assembly and installation, which meets the definition of prefabricated building.

From January to September in 2020 and 2021, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) the main product of metal faced energy-saving and heat insulation sandwich panels accounted for more than 90% of its revenue. At the same time, cold storage doors and industrial building doors, which are also fabricated building components, accounted for more than 6% of its revenue.

However, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) said that under the “double carbon” goal, the government has put forward higher requirements for building energy conservation, especially the green energy conservation of civil buildings such as residential buildings and public buildings. However, the company’s products are mainly used in cold storage and industrial energy-saving buildings, and have not yet set foot in civil buildings. Therefore, in the short term, changes in industrial policies will not have a significant impact on the company’s performance.

In addition, the Shenzhen Stock Exchange also requires listed companies to explain whether there have been significant changes in business fundamentals, whether the recent stock price rise matches the fundamentals, and whether it is consistent with the change range of Listed Companies in the same industry.

Jiangsu Jingxue Insulation Technology Co.Ltd(301010) said that at present, the company’s business fundamentals have not changed significantly, but at the same time, due to the recent large increase in the company’s share price, the company also reminded investors to pay attention to relevant investment risks.

At the same time, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) said that after inquiry and self-examination of the actual controllers of the listed company, as well as the trading of shares of shareholders, directors, supervisors and senior managers holding more than 5%, there was no trading of the company’s shares in the past three months. Moreover, there is no reduction plan in the next three months.

Previously, Jiangsu Jingxue Insulation Technology Co.Ltd(301010) even pulled three limit sectors. The company said that there was no such situation as catering to market hot spots, hyping the company’s share price and cooperating with shareholders to reduce their holdings.

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