Luoyang Northglass Technology Co.Ltd(002613) ( Luoyang Northglass Technology Co.Ltd(002613) . SZ) has gained nine trading limits in the secondary market. The floor and sky board staged at the end of March 24 made many investors call it “too cow”. As of March 25, it continued to close at the trading limit.
Red Star capital Bureau noted that in the process of Luoyang Northglass Technology Co.Ltd(002613) continuous limit rise, its major shareholders were reducing their holdings all the way. On March 26th, according to the latest announcement data of Luoyang Northglass Technology Co.Ltd(002613) shareholding reduction, Gao Xueming and his concerted actors reduced the number of shares of the company by means of centralized bidding and block trading, totaling 171452 million shares, with a reduction ratio of more than 1%.
The share reduction transaction also attracted the attention of the Shenzhen Stock Exchange, requiring Luoyang Northglass Technology Co.Ltd(002613) to verify and explain to the controlling shareholder and actual controller Gao Xueming the plan and decision-making process of reducing the company’s shares during abnormal stock price fluctuations by block trading, whether the relevant information disclosure is timely, true, accurate and complete, and whether there is any trading using insider information.
3 months to meet two waves of huge increase
two rounds of shareholding reduction, with major shareholders selling at a high level
As of the closing on March 25, Luoyang Northglass Technology Co.Ltd(002613) has ushered in nine consecutive boards, and the share price has risen all the way to 9.41 yuan / share from the opening price of 4.14 yuan / share on March 14. Red Star capital Bureau noted that it was in this wave of soaring market that the major shareholder Mr. Gao Xueming and his concerted actors reduced their shares continuously in the form of block trading on March 16, March 17 and March 22.
According to the announcement on the reduction of more than 1% of shares held by major shareholders and their persons acting in concert disclosed by Luoyang Northglass Technology Co.Ltd(002613) on March 26, as of the date of the announcement, Gao Xueming and his persons acting in concert had reduced the number of shares of the company by means of centralized bidding and block trading, with a reduction ratio of more than 1%. Moreover, the Red Star capital Bureau noted that from January 5 to January 12 this year, Luoyang Northglass Technology Co.Ltd(002613) also ushered in a wave of sharp rise. Gao Xueming and his concerted actors once again reduced their holdings of 5.72 million shares by means of centralized bidding near the highest point. The timing of the two holdings reduction and cash out of Luoyang Northglass Technology Co.Ltd(002613) major shareholders is accurate.
share reduction triggered the inquiry of Shenzhen Stock Exchange
pre disclosure last year’s net profit increased significantly
The stock price fluctuated abnormally, and the high-level reduction of major shareholders also attracted inquiries from the Shenzhen Stock Exchange. On March 26, the Shenzhen Stock Exchange asked the company to verify and explain to the controlling shareholder and actual controller Gao Xueming the plan and decision-making process of reducing the company’s shares during the abnormal fluctuation of stock price by means of block trading, whether the relevant information disclosure was timely, true, accurate and complete, and whether there was any trading using insider information. It is required to explain whether the company’s recent operation and internal and external business environment have changed significantly, and give full tips on the relevant risks of the company’s recent stock price rise.
Luoyang Northglass Technology Co.Ltd(002613) said in the announcement released today that the share reduction has been pre disclosed in accordance with relevant regulations. For details, see the announcement on the completion of the implementation of the share reduction plan of major shareholders and the pre disclosure of the share reduction plan disclosed by the company on November 2, 2021.
Red Star capital Bureau inquired about the announcement of Luoyang Northglass Technology Co.Ltd(002613) shareholding reduction in November 2021, which showed that the silicon nest project needs to further expand the demand for production and investment funds and increase the liquidity of the company’s shares in the secondary market. Mr. Gao Xueming, the controlling shareholder of the company, plans to reduce his holdings of no more than 18743400 shares of the company (accounting for 2% of the total share capital of the company) through centralized bidding within 6 months after 15 trading days from the date of disclosure of the announcement (no reduction during the window period).
Up to now, Luoyang Northglass Technology Co.Ltd(002613) has not disclosed the annual report of 2021, but Luoyang Northglass Technology Co.Ltd(002613) has released the annual performance forecast. The company expects to realize the attributable net profit of about 47-70 million yuan in 2021, with a year-on-year increase of 244.77% – 413.49%. It is expected to realize the attributable net profit of about 35-52 million yuan after deduction, with a year-on-year increase of 332.83% – 445.92%. In the same period of last year, the attributable net profit of the company after deduction is about -150323 million yuan.
As for the reasons for the change of the company’s performance, Luoyang Northglass Technology Co.Ltd(002613) said that during the reporting period, the company continued to strengthen product technological innovation, market promotion and expansion, the brand effect was accumulated, the market recognition and order quantity of main products outside China increased, the operating revenue increased by about 60%, the gross profit margin and net profit margin of Shenzhen processing glass products increased by different ranges, and the net profit attributable to listed companies increased.
