He once claimed to be a “loyal supplier” of Byd Company Limited(002594) and three times the Bull Stock Kunshan Kinglai Hygienic Materials Co.Ltd(300260) suddenly suffered bad luck. The actual controller of the company and the two former directors and secretaries were filed for investigation by the CSRC.
affected by bad news, the company suffered a “20cm” limit at the opening today
In the face of the extreme trend of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) , investors also call it “finished”
actual controller and two secretaries before and after the investigation
on the evening of April 5, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) announced that Li Shuibo, the controlling shareholder and actual controller of the company, Guo Hongfei, the senior manager and Zhu Mengyong, the Secretary of the board of directors, had decided to file a case against Li Shuibo, Guo Hongfei and Zhu Mengyong and investigate the relevant situation due to suspected insider trading
The announcement shows that Li Shuibo is the actual controller of the company. Li Shuibo has been the chairman and general manager of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) since September 2008. By the end of September 2021, Li Shuibo held 3002.6 5678 million shares, accounting for 25.06% of the total share capital of the company, and was the largest shareholder; Shen Anyun, Li Shuibo’s wife, holds 16.71% of the shares and is the second largest shareholder.
In addition, Li Baihua and Li Boyuan are the eldest and second sons of Li Shuibo and Shen Anyun. They also directly hold shares of listed companies, with shareholding ratios of 6.9% and 6.88% respectively. They are the third and fourth largest shareholders of the company respectively. Therefore, Li Shuibo family currently holds Kunshan Kinglai Hygienic Materials Co.Ltd(300260) more than 50% of the shares.
Guo Hongfei is the former Secretary of the board of directors of the company. He was born in May 1978. He served as the Secretary of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) board of directors from September 2008 to September 2020 and the deputy general manager of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) since April 2011.
Mr. Meng Yonghe was born in June, 2012 as the Secretary of the board of directors of Zhongnan Securities Co., Ltd., and served as the deputy general manager of the company’s listed company. Mr. Zhu Yonghe was born in June, 2012 as the representative of the securities company.
for the case filing investigation, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) said that the case filing investigation was aimed at Li Shuibo, Guo Hongfei and Zhu Mengyong, which had nothing to do with the company’s daily operation and management and business activities and had no impact on the company’s normal operation
however, the market does not think so. After opening today, a “20cm” high platform diving was directly staged
the share price has increased by more than 300% in recent years
According to the announcement, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) main business includes the R & D, production and sales of clean application materials and high-purity and ultra-high-purity application materials. The products are mainly used in business fields such as food safety, biomedicine and pan semiconductor.
On January 25, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) released the performance forecast. It is estimated that the net profit in 2021 will be 166 million yuan – 185 million yuan, with a year-on-year increase of 101% – 124%.
Kunshan Kinglai Hygienic Materials Co.Ltd(300260) said that during the reporting period, benefiting from the trend of semiconductor localization, the company’s semiconductor sector business grew rapidly; In addition, benefiting from the rapid expansion of Chinese vaccine and pharmaceutical manufacturers, the company’s biomedical business grew rapidly.
with good performance, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) the stock price trend has been strong in the past year. Statistics show that since the beginning of February 2021, the company’s share price has risen from a minimum of less than 13 yuan, with a cumulative increase of about 300%
Stock price trend of the company since February last year
With the rise of share price, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) also continues to attract the attention of institutional investors.
According to the statistics of choice, as of March 31, 2021, only two institutions held 3 Zhejiang Century Huatong Group Co.Ltd(002602) 679500 shares in total, accounting for 1.18%. By December 31, 2021, the number of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) shareholding institutions has soared to 193, with a total shareholding of 37075300 shares, accounting for 16.36%.
Institutional shareholding of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) as of December 31, 2021
once claimed to be a “loyal supplier” of Byd Company Limited(002594)
supervised “soul torture”
Kunshan Kinglai Hygienic Materials Co.Ltd(300260) was also concerned by regulators before the actual controller was investigated. Looking back, on July 28, 2021, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) said in reply to investors’ questions on the interactive platform of Shenzhen stock exchange that “the company’s products can be applied to the field of Pan semiconductor” and “it is a loyal supplier of large terminal manufacturers of lithium battery (such as German business pioneer, Byd Company Limited(002594) etc.). As soon as the news came out, the Kunshan Kinglai Hygienic Materials Co.Ltd(300260) share price rose sharply. In the following three trading days, the Kunshan Kinglai Hygienic Materials Co.Ltd(300260) share price rose by 46.2% from 20 yuan to 33.4 yuan.
Therefore, the Shenzhen Stock Exchange also issued a letter of concern to the company, asking Kunshan Kinglai Hygienic Materials Co.Ltd(300260) to explain the specific product names sold to German business pioneer, Byd Company Limited(002594) and the revenue, net profit amount and proportion recognized in the last three years and the first period, and to state whether the relevant business has a significant impact on the company’s performance in combination with the situation of on-hand orders and expected new orders.
On the evening of August 4, 2021, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) replied, saying that the products sold by the company to German pioneers are mainly high-purity and ultra-high-purity application materials (angle valve, ball valve, etc.), and the main products sold to Byd Company Limited(002594) are high-purity and ultra-high-purity application materials (pipes, pipe fittings, etc.). The above businesses have little impact on Kunshan Kinglai Hygienic Materials Co.Ltd(300260) operating revenue and net profit.
As of the reply to the above letter of concern, the total operating revenue recognized by German business pioneer in the last three years and the first period was 2.3566 million yuan, while the operating revenue of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) in the first quarter of 2021 reached 427 million yuan. In contrast, the operating revenue brought by German business Pioneer was very limited. However, Byd Company Limited(002594) contributed less operating income, totaling 537100 yuan in the last three years, with a net profit of about 300000 yuan, accounting for a lower proportion.
What about the order in hand at that time? According to the reply letter, at that time Kunshan Kinglai Hygienic Materials Co.Ltd(300260) obtained 7700 yuan of orders from German business pioneers, and it is estimated that the annual order receiving amount of the customer is about 1.2 million yuan Byd Company Limited(002594) up to now, there is no order in hand. Byd Company Limited(002594) is a new customer of the company that began cooperation in 2019. It is estimated that the annual order receiving amount of this customer is about 1 million yuan.
Faced with regulatory questions, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) also said that German business pioneer and Byd Company Limited(002594) related businesses currently contribute little to the company’s revenue and have no significant impact on the company’s performance, and there is uncertainty about the future business scale.
it is worth noting that Kunshan Kinglai Hygienic Materials Co.Ltd(300260) has not mentioned Byd Company Limited(002594) in the announcement since August last year after the notice was issued by the Shenzhen Stock Exchange, which makes people doubt that it is a “hot spot”
management’s frequent selling and reduction plan
Regulators are also wary of the reduction of the company’s management. Just one month before the sharp rise of share price “rub hot spot” last year, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) management also threw out the reduction plan. According to the announcement of Kunshan Kinglai Hygienic Materials Co.Ltd(300260) issued on June 22, 2021, the company’s director Weng Pengbin, director Li Hongqing, chief financial officer Huang Shihua, deputy general manager Zhang Yu and deputy general manager Guo Zhifeng plan to reduce the total shares of the company by no more than 0.418 ‰.
The Shenzhen Stock Exchange also asked Kunshan Kinglai Hygienic Materials Co.Ltd(300260) to explain in the letter of concern whether there is any situation of using information disclosure to affect stock trading and drive up the stock price to cooperate with the reduction of shareholders’ holdings. In this regard, Kunshan Kinglai Hygienic Materials Co.Ltd(300260) denied, saying that the company did not use information disclosure to affect stock trading and raise the share price to cooperate with the reduction of shareholders. Since then, the Kunshan Kinglai Hygienic Materials Co.Ltd(300260) share price has continued to rise, and the above reduction was completed in September last year.
With the continuous rise of share price, the above-mentioned management personnel released the reduction plan again in early January this year. Weng Pengbin, Li Hongqing, Huang Shihua, Zhang Yu and Guo Zhifeng plan to reduce the company’s shares by a total of no more than 0.314 ‰ in the form of centralized bidding transaction from February 15, 2022 to August 14, 2022.
In addition, Guo Hongfei, the former Secretary of the board of directors under investigation, also released the reduction plan in September last year. It is expected to reduce the shares not exceeding 0.209 ‰ of the total share capital from October 21, 2021 to April 20, 2022. As of January 1 this year, more than half of Guo Hongfei’s reduction plan has been completed, and he has reduced a total of 25500 shares by means of centralized bidding, cashing out about 1.14 million yuan.
Is this survey relevant? Reporters will continue to pay attention.
