Less than 5 minutes after the opening in the morning of April 12, Xinjiang Guotong Pipeline Co.Ltd(002205) rose the limit again. So far, Xinjiang Guotong Pipeline Co.Ltd(002205) has recorded seven consecutive trading limits, and the share price has doubled in just seven trading days, from about 9 yuan to 18.52 yuan.
in the process of stock price “flying”, the performance forecast of Xinjiang Guotong Pipeline Co.Ltd(002205) has changed, but the trend of the company’s board connection has not been affected by anything, which is quite magical
It is worth pondering that at the high point just three years ago, Xinjiang Guotong Pipeline Co.Ltd(002205) suffered a five board limit decline and the share price was slashed because of Xiali’s “marriage snatching”
riding on the “east wind” of infrastructure boom
Why is Xinjiang Guotong Pipeline Co.Ltd(002205) popular recently? First, it is closely related to the company’s main business. According to the data, Xinjiang Guotong Pipeline Co.Ltd(002205) main business is the manufacture and transportation of cement products such as prestressed steel cylinder concrete pipe (PCCP), various water pipelines and their special-shaped pipe fittings and accessories, reinforced concrete segments (shield segments) and related technical development and consulting services. The main product is PCCP.
It is widely used in large and medium-sized water transmission and distribution projects, with strong anti-corrosion ability and low service life, and has strong anti-seepage ability in large and medium-sized water transmission and distribution projects across major cities. In the context of the current infrastructure boom, Xinjiang Guotong Pipeline Co.Ltd(002205) ‘s “Infrastructure Attribute” also makes it ride the rising east wind.
From the market value scale of Xinjiang Guotong Pipeline Co.Ltd(002205) , before this wave of speculation, the total market value of the company was only about 1.7 billion yuan, which is a typical small cap stock. Even after this speculation, the total market value of the company is only 3.4 billion yuan. The lower total market value also makes it the target of capital pursuit.
performance forecast “face change”
connected to the board but “the sound of the waves is still”
In the process of “soaring” of the stock price, Xinjiang Guotong Pipeline Co.Ltd(002205) performance forecast encountered “face change”, but this did not interrupt the momentum of the company’s board connection.
On January 29, Xinjiang Guotong Pipeline Co.Ltd(002205) disclosed the performance forecast for 2021. It is estimated that the net profit attributable to shareholders of Listed Companies in 2021 will range from 7.5 million yuan to 11 million yuan, a year-on-year decrease of 54.38% to 33.09%. The net profit range after deducting non recurring profits and losses was 19.19 million yuan to 22.69 million yuan, an increase of 85.77% to 119.65% over the same period of the previous year.
Xinjiang Guotong Pipeline Co.Ltd(002205) said that during the reporting period, the scale and benefits of the company’s main PCCP business segment continued to develop well, and the net profit is expected to increase year-on-year. Due to the large year-on-year increase in the income and profit of the holding subsidiary during the reporting period, the net profit attributable to the shareholders of the listed company is expected to show a year-on-year downward trend. The net profit after deducting non recurring profit and loss is expected to increase year-on-year.
However, just after Xinjiang Guotong Pipeline Co.Ltd(002205) recorded three price limits on April 6, the company suddenly issued a revised announcement of performance forecast, reducing the deduction of non performance expectation of the company in 2021.
The company expects the net profit attributable to the shareholders of the listed company to be 7.5 million yuan to 11 million yuan, a year-on-year decrease of 54.38% to 33.09%; The net profit after deducting non recurring profits and losses was 7.5 million yuan to 10.3 million yuan, a year-on-year decrease of 27.40% to 0.29%.
The explanation given by Xinjiang Guotong Pipeline Co.Ltd(002205) is that the amount included in non operating expenses has been adjusted.
was “robbed” by Xiali
encountered continuous limit drop
Xinjiang Guotong Pipeline Co.Ltd(002205) once staged the extreme market of falling limit for five consecutive boards due to being “robbed” by Xiali.
On the evening of December 8, 2019, FAW Xiali announced that FAW Group, FAW shares, China Railway Materials Group Co., Ltd. China Railway Materials Company Limited(000927) (hereinafter referred to as “tiewu shares”) and FAW Xiali signed an intention agreement on major asset restructuring project, and tiewu shares will put the high-quality asset of tiewu Sheng into FAW Xiali.
As soon as the news came out, Xinjiang Guotong Pipeline Co.Ltd(002205) who was far away in Xinjiang immediately encountered the limit of five linked boards. The reason should start from the “road of recruiting relatives” of China Railway wusheng.
China Railway wusheng was founded in July 2018. China Railway wusheng Co., Ltd. is the largest shareholder of China Railway wusheng, with a shareholding ratio of 33.41%. China Railway wusheng is the core enterprise of China Railway wusheng Co., Ltd. As a listed company under tiewu shares, Xinjiang Guotong Pipeline Co.Ltd(002205) is regarded by the market as carrying the “welcoming duty” of China Railway wusheng.
At the end of March 2019, Xinjiang Guotong Pipeline Co.Ltd(002205) announced that the company would acquire the controlling shares of China Railway wusheng. However, only a week later, the above matter was quickly put to an end. At the same time, the intentionality agreement signed by tiewu and Xinjiang Guotong Pipeline Co.Ltd(002205) and the intentionality statement issued by the relevant parties to the transaction are automatically terminated.
Although the reorganization failed, the above capital operation still left a huge imagination space for the market. Subsequently, the change of Xinjiang Guotong Pipeline Co.Ltd(002205) management also strengthened the market’s expectation of Xinjiang Guotong Pipeline Co.Ltd(002205) “marrying” China Railway wusheng. At the end of October 2019, Xinjiang Guotong Pipeline Co.Ltd(002205) re elected the board of directors, Li Hongjie, assistant general manager of tiewu group, director of asset disposal office and assistant general manager of China Railway wusheng, and was elected chairman of Xinjiang Guotong Pipeline Co.Ltd(002205) board.
With such good expectations, Xinjiang Guotong Pipeline Co.Ltd(002205) share price has been singing all the way, rising from the lowest price of about 10 yuan in mid June 2019 to the highest price of 16.18 yuan on November 21 of that year (before resumption of rights), an increase of nearly 60%.
All this came to an abrupt end with FAW Xiali’s “halfway out”. Then Xinjiang Guotong Pipeline Co.Ltd(002205) encountered five limit falls, followed by a decline all the way, and the stock price fell to about 6 yuan at the lowest. Now the share price soared more than 18 yuan and returned to a high level.
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