Fried lithium is better than building a house?
Since the announcement of the cross-border lithium industry, the listed real estate companies Sundy Land Investment Co.Ltd(600077) have ushered in three one word limit boards. If the announcement date is added, the four connected boards have been realized source: China stock market news choice
On the evening of January 7, Sundy Land Investment Co.Ltd(600077) issued a stock price change announcement, emphasizing that the company's main business is still real estate operation and sales. The company's establishment of a lithium subsidiary is only a preliminary intention and plan. The company does not have the mineral resources, customer resources, relevant qualifications, personnel, technology and equipment to develop the lithium industry, and there are major uncertainties in the follow-up progress.
Senior market participants said that the irrational rise of Sundy Land Investment Co.Ltd(600077) share price does not come from fundamentals, but from concepts. Investors should pay attention to risks.
a cross-border announcement brings three boards
Recently, Sundy Land Investment Co.Ltd(600077) staged a drama of "lithium travels all over the world". On January 4, Sundy Land Investment Co.Ltd(600077) announced that it planned to establish a wholly-owned subsidiary, Zhejiang Songdu Lithium Industry Co., Ltd., with an initial registered capital of 500 million yuan.
Sundy Land Investment Co.Ltd(600077) the "cross-border" lithium industry can be called "three noes": there are no professionals and technology, no professional equipment and resources, no specific investment projects, and no investment agreement has been signed. As of January 7, the industrial and commercial establishment of Zhejiang Songdu Lithium Industry Co., Ltd. has been completed and relevant business has not been carried out.
Even if "naked span", Sundy Land Investment Co.Ltd(600077) is still sought after by investors. Since January 5, Sundy Land Investment Co.Ltd(600077) has been trading for three consecutive trading days, with a cumulative increase of 33.22%, and the Shanghai stock index fell 1.45% in the same period.
hot money purchase
According to the data of Sundy Land Investment Co.Ltd(600077) after hours, the main seats participating in Sundy Land Investment Co.Ltd(600077) are the brokerage business department.
From January 5 to 7, Sundy Land Investment Co.Ltd(600077) top five buyers were Xiangcai securities Hangzhou Jiefang East Road business department, Hengtai securities Hangzhou Wujiang Road business department, Haitong Securities Company Limited(600837) Shengzhou West Front Street business department, Huachuang securities Hangzhou Weiye Road business department and Wanhe securities Chengdu Daqiang West Street business department, with purchase amounts of 29.5344 million yuan, 7.3613 million yuan, 3.9267 million yuan 3.9081 million yuan and 3.8775 million yuan.
In the three trading days from December 31, 2021 to January 5, 2022, Sundy Land Investment Co.Ltd(600077) top five buyers are Huaxin Securities Shanghai Branch, Huatai Securities Co.Ltd(601688) company headquarters, Caixin securities Changsha Xiangjiang Middle Road business department, Founder Securities Co.Ltd(601901) Zhumadian Zhidi Avenue business department and Founder Securities Co.Ltd(601901) Beijing caihefang Road business department, with purchase amounts of RMB 11.6548 million, RMB 7.7653 million, RMB 5.4787 million 3.2787 million yuan and 3.2784 million yuan.
fundamentals are low
Public information shows that Sundy Land Investment Co.Ltd(600077) is mainly engaged in real estate development, and its business model is mainly residential real estate independent development and operation, supplemented by commercial real estate development and operation.
Financial data show that the operation of Sundy Land Investment Co.Ltd(600077) is not optimistic in the past two years. Its net profit attributable to the parent company in the first three quarters of 2020 and 2021 was 352 million yuan and 61 million yuan respectively, with a significant year-on-year decrease of 40.08% and 63.40% respectively. Meanwhile, the company's gross profit margin showed a downward trend. The gross profit margins in 2018, 2019, 2020 and the first three quarters of 2021 (the data in the first three quarters of 2021 are unaudited data) were 42.74%, 40.93%, 22.17% and 20.30% respectively.
In addition, Sundy Land Investment Co.Ltd(600077) also faces tight liquidity of controlling shareholders, which may lead to the "dilemma" of the company's risk exposure of nearly 3 billion yuan.
Up to now, the controlling shareholders of the company and their persons acting in concert have pledged 532 million shares, accounting for 79.15% of their shares. The balance of deposit certificate pledge guarantee of RMB 2.923 billion provided by the company to the controlling shareholders has not been solved. If the controlling shareholders and actual controllers fail to fulfill their commitment to completely solve the mutual guarantee of deposit certificate pledge by the end of 2023, The company has a large risk exposure.
(source: China Securities Journal)
