Sudden collapse! Ten billion bull stocks staged the “sky floor” 17 day 13 limit. What happened?

Many high-level real estate stocks staged “sky floor”, which is another bowl of noodles. The investors who killed in the morning “stood guard”.

On April 18, the popular real estate concept stock Cccg Real Estate Corporation Limited(000736) ( Cccg Real Estate Corporation Limited(000736) , SZ) rose strongly again in the morning, and the share price was once closed to the limit. Due to excessive profit margins, the stock price was hit and plunged in a straight line as of the closing, Cccg Real Estate Corporation Limited(000736) hit the limit and staged a “sky floor”, with a turnover of 3.183 billion yuan, a sharp drop of 9.91%, and the latest market value of 15.3 billion yuan

Cccg Real Estate Corporation Limited(000736) is a big star in the two markets recently. Taking into account the trading limit this morning, the stock recorded 13 trading limits in 17 trading days, with a cumulative increase of 241.73% and a cumulative turnover rate of 168.11%.

In view of the sharp rise in the stock price, Cccg Real Estate Corporation Limited(000736) months have repeatedly prompted changes in the stock price. On April 18, Cccg Real Estate Corporation Limited(000736) (hereinafter referred to as ” Cccg Real Estate Corporation Limited(000736) “) released the announcement of abnormal fluctuation and risk warning of stock trading, saying that the deviation of the closing price of the company’s shares in three consecutive trading days (April 13, April 14 and April 15, 2022) has exceeded 20%, which belongs to abnormal fluctuation of stock trading according to all relevant regulations of Shenzhen Stock Exchange.

It is worth noting that the announcement disclosed that during the previous period from March 16 to April 8, 2022, Cccg Real Estate Corporation Limited(000736) stock price increased by 140.68% and the range turnover rate was 172.01%. It is reported that Cccg Real Estate Corporation Limited(000736) has issued three tips on abnormal fluctuations in stock trading since April.

Cccg Real Estate Corporation Limited(000736) said that the stock price of the company fluctuated greatly recently, and the valuation was higher than that of Listed Companies in the same industry; The stock price is affected by many factors, including the macroeconomic situation, industrial policies, the company’s production and operation, the capital market atmosphere, investors’ psychological expectations and so on. In this regard, the company reminds investors to fully understand the stock market risks, make prudent decisions and improve their risk awareness.

In addition, Cccg Real Estate Corporation Limited(000736) further stated that there was no need to correct or supplement the information disclosed by the company in the early stage; The production and operation activities are normal, and no significant changes have been found in the company’s internal and external business environment in the near future, and there is no violation of fair disclosure in self-examination.

On April 14, Cccg Real Estate Corporation Limited(000736) released the annual performance report of 2021. According to the annual report, from the perspective of growth, Cccg Real Estate Corporation Limited(000736) achieved an operating revenue of 14.542 billion yuan during the reporting period, a year-on-year increase of 18.23%; The total contracted sales amount was 56 billion yuan, an increase of 5.07% over the same period last year; Sales receipts amounted to 59.1 billion yuan, an increase of 56.35% over the same period last year.

However, during the reporting period, Cccg Real Estate Corporation Limited(000736) attributable to the shareholders of the listed company, the net profit was 236 million yuan, a year-on-year decrease of 32.19%; The net profit loss attributable to the shareholders of the listed company after deducting non profits was 432 million yuan; The net operating cash flow is -4.452 billion yuan, which has been negative for three consecutive years Cccg Real Estate Corporation Limited(000736) said that it was mainly due to the increase of new projects and land payment during the reporting period.

Cccg Real Estate Corporation Limited(000736) this round of sharp rise also attracted the attention of Shenzhen Stock Exchange early. The attention letter of Shenzhen Stock Exchange on April 1 pointed out that from March 16 to April 1, Cccg Real Estate Corporation Limited(000736) stock prices rose continuously, and disclosed three announcements of abnormal fluctuations in stock trading, requiring Cccg Real Estate Corporation Limited(000736) to confirm whether there is any material information that should be disclosed but not disclosed, whether the controlling shareholders and actual controllers plan to transfer equity, asset restructuring and other matters that have a significant impact on the company, and whether there is any suspected insider trading.

However, on April 8, Cccg Real Estate Corporation Limited(000736) in its reply to the letter of concern of the Shenzhen Stock Exchange, denied all doubts: there is no major information that should be disclosed but not disclosed, the controlling shareholder has no plan to transfer the equity and restructure the assets of the company, and there is no case of suspected insider trading.

However, what happened at the same time with the sharp rise in share prices was the reduction of shareholders’ holdings: as of April 12, Chongqing Yufu, the second shareholder, had reduced its holdings of about 11.97 million shares, with a total amount of about 84.63 million yuan, and said it planned to reduce its holdings again within six months; As of April 6, the shareholder Hunan Huaxia and the persons acting in concert had reduced Cccg Real Estate Corporation Limited(000736) 8239500 shares in total, with a reduction ratio of 1.18%.

“However, the recent favorable market is not enough to support such a large increase of a single stock. Compared with some other head central enterprise developers, Cccg Real Estate Corporation Limited(000736) the small market value plus some hot money speculation or the main factor.” An industry analyst who declined to be named pointed out to the reporter of the daily economic news. From the performance of Cccg Real Estate Corporation Limited(000736) in recent years, it seems to be a fact that soil storage is the biggest support.

The daily economic news reporter found that in 2021 Cccg Real Estate Corporation Limited(000736) acquired 24 new projects through acquisition, capital increase and bidding, auction and listing, with a new land reserve of more than 3.7 million square meters and a remaining exploitable land of 17.877 million square meters; In 2020, Cccg Real Estate Corporation Limited(000736) added 30 pieces of land, with a total construction area of 6.3559 million square meters, a year-on-year increase of 176.90%, and the total land acquisition reached 53.580 billion yuan. In the four years from 2013 to 2016, the total land acquisition of Cccg Real Estate Corporation Limited(000736) was only 10.9 billion yuan.

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