"The company will treat all kinds of investment behavior very carefully, especially in the secondary market securities investment that we are more concerned about. The clear plan is to gradually reduce its holdings and exit at the right time." Yunnan Baiyao Group Co.Ltd(000538) 3 the minutes of the investor research meeting released on 29 March showed that the company made the above statement when it was surveyed by a number of institutions on the 27th.
According to the minutes of the investor research meeting, regarding the follow-up planning of stock investment and other issues, Yunnan Baiyao Group Co.Ltd(000538) responded that in order to deal with the stock trading risk in the secondary market and strictly control the investment scale in the secondary market, the company will invest in the proportion of stocks, stock funds and equity funds in 2022, which was deliberated and approved by the 10th meeting of the ninth board of directors in 2021, The total amount shall not be higher than 15% (inclusive) of the audited net assets in the latest fiscal year, and shall be reduced to 8% (inclusive). Within the limit approved by the board of directors, the position shall be gradually reduced, and the shareholding shall not be increased. While improving the use efficiency of idle funds, the support of capital resources for the development of main business shall be strengthened. The company will strengthen market analysis and research, timely analyze and track the investment progress, and earnestly implement relevant internal management systems to ensure the safety of the company's funds.
According to Yunnan Baiyao Group Co.Ltd(000538) introduction, in terms of investment operation in the secondary market, from the second half of 2021 to the end of the year, the company has started to dispose of some securities investment targets, and the position at the end of the year has been disclosed in detail in the 2021 annual report. Both the number of shares held and the market value of shares have been significantly reduced compared with the previous period. In the events after the balance sheet date in the notes to the 2021 annual report, the company also clearly suggests that the price of shares held by the company changes after the balance sheet date, which may affect the net profit attributable to the shareholders of the listed company in the consolidated financial statements at the end of the first quarter of 2022 due to the change of the fair value of trading financial assets. Please pay attention to investment risks.
Yunnan Baiyao Group Co.Ltd(000538) said that in 2022, the company will continue to reasonably allocate idle funds to improve the company's revenue and capital use efficiency. In the field of securities investment, the general principle is to gradually reduce positions and no longer increase holdings. At the same time, some investment targets with long-term planning will be managed in strict accordance with the corresponding securities investment quota and risk management system. At the same time, on the premise of fully evaluating the industrial investment demand and investment risk, guided by the company's 1 + 4 + 1 strategy, the company will actively carry out industrial investment M & A and primary market investment, promote the strategic cooperation and resource integration upstream and downstream of the industrial chain, realize business empowerment and strategic layout through investment, and help the implementation of the company's overall strategy.
Yunnan Baiyao Group Co.Ltd(000538) also said that the purpose of the company's securities investment with its own idle funds is always to improve the use efficiency of idle funds. Under the strict restriction of investment scale, engaging in securities investment under the premise of measurable, controllable and affordable risk will not affect the company's daily business and main business. The company will treat all kinds of investment behaviors very carefully, especially in the secondary market securities investment that we are more concerned about. The clear plan is to gradually reduce holdings and exit at the right time.
Recently, Yunnan Baiyao Group Co.Ltd(000538) stock speculation lost nearly 2 billion, which attracted attention.
On March 25, Yunnan Baiyao Group Co.Ltd(000538) disclosed the annual report of 2021. The report shows that the net profit attributable to the parent company in 2021 was 2.804 billion yuan, a year-on-year decrease of 49.17%, almost halved Yunnan Baiyao Group Co.Ltd(000538) the last decline in net profit attributable to the parent company was in 1995, with a decline of 26.15%. This means that this is the first decline in net profit attributable to parent company in more than Yunnan Baiyao Group Co.Ltd(000538) 20 years.
Yunnan Baiyao Group Co.Ltd(000538) in the annual report, it is mentioned that the net profit in the current period is lower than the net cash flow from operating activities due to the impact of the investment income of financial assets and the income from changes in fair value. From the disclosed data, during the reporting period, Yunnan Baiyao Group Co.Ltd(000538) fair value change loss reached 1.929 billion yuan. In short, the company lost money in stock speculation.
Specifically, Yunnan Baiyao Group Co.Ltd(000538) securities investment involves domestic and foreign stocks and bonds, and 6 of the 9 domestic and foreign stocks have brought losses in the report, including Tencent holdings, Xiaomi group, Jiangsu Hengrui Medicine Co.Ltd(600276) etc., which have increased significantly in the past two years.
Yunnan Baiyao Group Co.Ltd(000538) in the annual report, it is also mentioned that the price of shares held by the company changes after the balance sheet date, which may affect the net profit attributable to the shareholders of the listed company in the consolidated financial statements at the end of the first quarter due to the change in the fair value of trading financial assets. At present, the company is gradually reducing its positions and will no longer continue to increase its holdings.
