The winning lot lost 14000! This high priced new stock fell by more than 20%! 20 billion real estate companies turn from pre profit to huge loss. What is the limit of share price decline?

The A-share market fluctuated in a narrow range this morning, the energy sectors such as coal and oil strengthened again, and the semiconductor and other sectors weakened.

Hong Kong stocks resumed trading after the festival, and the main indexes fell sharply. Among them, the Hang Seng technology index once fell by more than 4%.

Recently, the performance of new A-share shares has attracted much attention. The five new shares listed today are obviously differentiated, of which three new shares on the gem rose in the morning and the other two new shares on the science and Innovation Board broke. Among them, Jingwei Hengrun lost nearly 14000 yuan according to the lowest price in the afternoon trading. Previously, about one-third of the online investors of the new shares abandoned the purchase.

A-Shares fluctuate in a narrow range

Hong Kong stocks fell after trading resumed after the festival

The A-share market fluctuated in a narrow range in the morning. The performance of Shanghai Composite Index and Shenzhen composite index was relatively strong, while the gem index and Kechuang 50 Index weakened significantly.

In terms of industry sector, agriculture, forestry, animal husbandry and fishery sector rose sharply, with an increase of more than 3% Joyvio Food Co.Ltd(300268) intraday "20cm" limit, Guangdong feed, Xinjiang Guannong Fruit & Antler Co.Ltd(600251) , Shenzhen Kingsino Technology Co.Ltd(002548) and other stocks limit.

Energy sector also rose sharply.

Among them, the coal sector led the rise again, Shanghai Datun Energy Resources Co.Ltd(600508) limit, Yankuang energy, Anhui Hengyuan Coal Industry And Electricity Power Co.Ltd(600971) , Jizhong Energy Resources Co.Ltd(000937) intraday increase of more than 5%.

The oil sector also rose sharply, and Shanxi Blue Flame Holding Company Limited(000968) , Renzhi shares rose by the limit.

The power sector also rose on a large scale.

Semiconductor, daily chemical industry, medical care, household products, components and other sectors led the decline.

In terms of large market capitalization companies, China Merchants Bank Co.Ltd(600036) a shares fell again this morning, with an intraday decline of more than 4%, but later the decline narrowed. The company's a share price fell 7.35% yesterday China Merchants Bank Co.Ltd(600036) Hong Kong stocks fell more than 10% this morning.

China Merchants Bank Co.Ltd(600036) yesterday announced that the company issued the notice of the 38th meeting of the 11th board of directors on April 18, 2022 and held the meeting in the form of remote video teleconference on April 18. Chairman Miao Jianmin presided over the meeting. There were 16 directors who should attend the meeting, 15 actually attended the meeting, and Director Tian Huiyu did not attend the meeting for personal reasons.

The meeting deliberated and adopted the proposal on the removal of Mr. Tian Huiyu, and agreed to remove Mr. Tian Huiyu from the positions of China Merchants Bank Co.Ltd(600036) president and director, and appoint another. The removal of the President shall take effect from the date of deliberation and approval by the board of directors. The removal of directors will be submitted to the general meeting of shareholders for deliberation; In addition, the meeting also deliberated and adopted the proposal on the adjustment of Mr. Wang Liang's responsibilities, and agreed that Mr. Wang Liang should preside over China Merchants Bank Co.Ltd(600036) work, which will take effect from the date of deliberation and adoption by the board of directors.

According to the information of China Merchants Bank Co.Ltd(600036) announcement, Wang Liang was born in December 1965 and is the executive director, executive vice president, financial director and Secretary of the board of directors of the company. Master degree in money and banking, Renmin University of China, senior economist. He joined China Merchants Bank Co.Ltd(600036) Beijing Branch in June 1995 and has served successively as assistant president, vice president and President of the company's Beijing Branch since 2002. In June 2012, he served as assistant president and President of the company's head office and Beijing Branch. In November 2013, he no longer served concurrently as president of the company's Beijing Branch. In January 2015, he served as vice president of the company. From November 2016 to April 2019, he served concurrently as secretary of the board of directors and financial director of the company, From August 2021, he served as the executive vice president of the company, Secretary of the board of directors, company secretary and authorized representative for matters related to Hong Kong listing. He also serves as vice president of China payment and clearing Association, member of the senior guidance and Coordination Committee of data governance of China Banking and Insurance Regulatory Commission, the fourth director of the intermediary business professional committee of Bank Of China Limited(601988) Industry Association and the sixth executive director of China Institute of financial accounting.

Risesun Real Estate Development Co.Ltd(002146) fell to the limit today, with the latest market value of 17.132 billion. On April 18, Risesun Real Estate Development Co.Ltd(002146) issued a revised announcement on the performance forecast for 2021, which said that the company's operating revenue in 2021 is expected to be 46.5 billion yuan to 52 billion yuan, the attributable net profit loss in 2021 is 4.5 billion yuan to 6 billion yuan, the revenue in 2020 is 71.511 billion yuan, and the net profit is 7.501 billion yuan.

Previously, on January 28 this year, Risesun Real Estate Development Co.Ltd(002146) had released the performance forecast for 2021, which showed that the company was expected to realize the attributable net profit of RMB 100 million to RMB 150 million in 2021, a year-on-year decrease of 98.00% - 98.67%, deducting the non net profit of RMB 52.988 million to RMB 102 million, a year-on-year decrease of 98.64% - 99.30%.

At that time, for the expected decline in performance, Risesun Real Estate Development Co.Ltd(002146) said that due to the continuous regulation of industrial policies, asset impairment, covid-19 epidemic and other factors, the delivery area of the company's development projects in 2021 decreased compared with the previous year. At the same time, due to the decline in the gross profit rate of development projects carried forward in 2021, the gross profit decreased significantly year-on-year.

Now, in the face of significant correction of the company's performance and significant losses, Risesun Real Estate Development Co.Ltd(002146) explained in the announcement that when the company made the performance forecast at the beginning of 2022, it mainly calculated the net realizable value of the inventory according to the future market of each project with reference to the selling price based on the trend of the real estate market where the project was located at that time and the stable epidemic situation in the project location. With the actual situation of the development of market situation and epidemic prevention situation, the company makes prudent judgment on some accounting estimates according to the changes of objective conditions. After full communication with the accounting firm, the company amends the performance forecast.

As of September 30, 2021, Risesun Real Estate Development Co.Ltd(002146) total number of shareholders was 865600. By the end of 2021, 50 funds including Nanfang China Securities 500etf, Wells Fargo China Securities dividend index a, Dacheng China Securities dividend index a and e fund China Securities dividend ETF had positions Risesun Real Estate Development Co.Ltd(002146) .

Hong Kong stocks resumed trading after Easter, and the Hang Seng index opened low, with an intraday decline of about 3%.

Hang Seng technology index fell even more, with an intraday decline of more than 4%. Hong Kong stock technology and Internet sector led the decline, with BiliBili SW falling by more than 10% during the session, and Wanguo data SW, Alibaba health, baidu group SW and meituan w led the decline.

new shares show sharp differentiation

The five new shares listed today showed sharp differentiation in the morning, including three new shares of Xinte electric, Hongde shares and Liansheng chemical on the gem, while the other two new shares of Jingwei Hengrun and yingjixin on the science and innovation board are now broken.

If calculated according to the highest intraday price on the morning of the first day of listing, the floating profits of Zhongyi Xinte electric, Hongde shares and Liansheng chemical are 4135 yuan, 6305 yuan and 5060 yuan respectively.

According to the prospectus, Xinte Electric is a leading manufacturer of domestic brand frequency conversion transformers. Its main business is the R & D, production and sales of various special transformers and reactors with frequency conversion transformers as the core and the sales of supporting products. The company's core product frequency conversion transformer is an important component of the frequency converter. It provides multiple functions such as voltage conversion, isolation and phase shift for the frequency converter. It forms a frequency conversion electrical system together with other power electronic unit components of the frequency converter and is applied in many industries and fields. The issue price of Xinte Electric is 13.73 yuan.

Hongde Co., Ltd. specializes in the R & D, production and sales of key castings of high-end equipment. It is a high-tech enterprise with independent R & D and innovation ability. The company has been deeply engaged in the foundry industry for more than 20 years, always adhering to the "craftsman spirit" of excellence, and has accumulated rich manufacturing experience and production technology in process design, modeling, smelting, pouring, testing, heat treatment and machining. The company's main products include iron castings and aluminum castings, which are special components supporting downstream high-end equipment. Iron castings are mainly used in wind power equipment, injection molding machines, pump valves and other fields, and aluminum castings are mainly used in medical devices, power equipment and other fields. The issue price of Hongde shares is 26.27 yuan.

Liansheng chemical is a high-tech enterprise in the field of special fine chemicals. Its main business is the R & D, production, sales and import and export trade of fine chemicals focusing on pharmaceutical intermediates, pesticide intermediates, electronic chemicals and chemical solvents. Its main products include γ- Butyrolactone (GBL) α- Acetyl group- γ- Butyrolactone (ABL), N-methylpyrrolidone (NMP), 4-chloro-2-trifluoroacetylaniline hydrate hydrochloride (E2), cyclopropyl ketone (Cpmk), isopropanol (IPA), 1,2-hexanediol (HDO). The by-products in the production process mainly include hydrogen, ethanol, banana water, phosphate, lithium chloride aqueous solution, 2-methyl-4,5-dihydrofuran, etc. Liansheng chemical's issuing price is 29.67 yuan.

Compared with the above three new shares, the other two new shares are now broken.

Jingwei Hengrun was once as low as 93.01 yuan in the afternoon trading, which was 23.13% lower than the issuance price. If calculated according to this price, the first signing of Jingwei Hengrun's new shares suffered a floating loss of 13995 yuan, close to 14000 yuan.

According to the prospectus data, Jingwei Hengrun has an issue price of 121 yuan. The company is a comprehensive electronic system technology service provider. Its main business focuses on electronic systems and focuses on providing electronic products, R & D services and solutions and overall solutions for high-level intelligent driving for customers in the fields of automobile, high-end equipment and unmanned transportation. The issuer's business covers all stages from electronic system R & D, production and manufacturing to operation services. Through long-term business accumulation, the company has formed a customer base in the automotive field with FAW Group, Sinotruk Jinan Truck Co.Ltd(000951) , Saic Motor Corporation Limited(600104) , Guangzhou Automobile Group Co.Ltd(601238) , navista and other complete vehicle manufacturers at home and abroad and international well-known first-class automotive suppliers such as inefa, antonglin and borgwana as the core. At the same time, it has won customers in the high-end equipment field such as COMAC, Crrc Corporation Limited(601766) and customers in the unmanned transportation field such as Rizhao Port Co.Ltd(600017) .

In terms of financial data, Jingwei Hengrun realized an operating revenue of 3262364 million yuan in 2021, with a year-on-year increase of 31.61%; The net profit attributable to the owners of the parent company was 1461873 million yuan, a year-on-year increase of 98.37%; After deducting non recurring profits and losses, the net profit attributable to the owners of the parent company was 1113785 million yuan, a year-on-year increase of 87.83%, and the profitability was significantly enhanced. From January to March 2022, the company's operating revenue is expected to be 660 million yuan to 720 million yuan, and the net profit attributable to the owner of the parent company is expected to be - 40 million yuan to - 20 million yuan. After deducting non recurring profits and losses, the net profit attributable to the owner of the parent company is expected to be - 80 million yuan to - 60 million yuan, a decrease compared with the same period last year.

Previously, Jingwei Hengrun's new shares were abandoned online on a large scale. The data show that the amount of online subscription of the stock is nearly 400 million yuan, and the proportion of the number of online investors' subscription to the total number of new shares issued is 108698%. The proportion of the number of online investors' subscription to the total number of online new shares issued is as high as one-third, which is the high level of subscription abandonment since the credit subscription, but there is no subscription abandonment by offline investors.

In the afternoon trading of yingjixin, the price was once as low as 21.77 yuan, which was 10.15% lower than the issuance price. If calculated at this price, the new shares of yingjixin in the first signing of China lost 1230 yuan. According to the prospectus, yingjixin is a company focusing on the design of high-performance and high-quality digital analog hybrid chips. Its main business is the R & D and sales of power management chips and fast charging protocol chips. Yingjixin continues to launch cost-effective intelligent digital analog hybrid chips. The power management chips and fast charging protocol chips provided by yingjixin are widely used in mobile power supply, fast charging power adapter, wireless charger, vehicle charger, TWS headset charging bin and other products. The final brand customers cooperated by the company include well-known manufacturers such as Xiaomi and oppo. During the reporting period, the issuer generated sales revenue of about 230 product models, the number of corresponding product sub models exceeded 3000, and the number of chips sold reached 1.728 billion.

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