On Wednesday, the A-share market suffered a significant decline recently, and many heavyweights on the gem suddenly fell sharply, dragging the gem index to a new low in the year.
In the context of the sharp decline, A-Shares and funds both rushed to the hot search.
For the market in the near future, it should also be noted that with the arrival of the intensive disclosure period of annual reports, some listed companies will also face the delisting test, and many companies have entered the announcement of delisting. In addition, the delisting Xinyi, which has entered the delisting consolidation period, will usher in the last trading day of A-Shares tomorrow. Relevant investors need to pay attention to risks.
several heavyweights fell sharply
gem index hit a new low in the year
According to the market data, there was a significant adjustment in the A-share market on Wednesday, of which the Shanghai Composite Index fell 1.35%, the Shenzhen composite index fell 2.07%, and the gem index fell sharply by 3.66%, hitting 235791 points in the session, setting a new low in the adjustment of the year.
A number of heavyweights on the gem fell sharply, which became the main factor hindering the weakness of the gem index.
Sungrow Power Supply Co.Ltd(300274) rare “20cm” limit, one of the heavyweights on the gem, traded more than 5 billion yuan throughout the day, significantly enlarged compared with the previous trading day.
Sungrow Power Supply Co.Ltd(300274) last night, the annual report of 2021 and the first quarterly report of 2022 showed that the annual operating revenue of 2021 was 24.137 billion yuan, a year-on-year increase of 25.15%, but the net profit attributable to the parent company was 1.583 billion yuan, a year-on-year decrease of 19.01%. In the fourth quarter of 2021, the profit fell sharply, and the net profit attributable to the parent company was only 78 million yuan, a sharp year-on-year decrease of 89.73%. In the first quarter of 2022, the company realized a net profit attributable to the parent company of 411 million yuan, a slight increase of 6.26% year-on-year. As for the lower than expected performance, at the performance briefing held on April 19, Cao Renxian, chairman of the company, said frankly in the exchange meeting on the same day that “the step is a little big”, the estimation of chips and epidemic situation is insufficient, the internal management is not fine enough, exchange losses occur, and the cost level is also improved due to the increase of personnel and R & D.
Sungrow Power Supply Co.Ltd(300274) after hours dragon and tiger list data show that Shenzhen Stock connect sold 906 million yuan and bought 447 million yuan, with a significant net sales overall. However, there are great differences in institutional seats. Institutional seats in the dragon and tiger list are both bought and sold sharply. After a sharp decline, the market value of Sungrow Power Supply Co.Ltd(300274) has fallen to more than 100 billion yuan.
Sungrow Power Supply Co.Ltd(300274) ‘s sharp decline led to a sharp decline in other new energy track stocks, many of which are heavyweights on the gem.
“Ningwang” Contemporary Amperex Technology Co.Limited(300750) suffered heavy losses and closed down 7.55%. With the decline of share price, the market value of Contemporary Amperex Technology Co.Limited(300750) returned to below trillion yuan after many months.
However, it is worth noting that there were five premium block transactions on Contemporary Amperex Technology Co.Limited(300750) day. The premium rate of the block transaction price over the closing price was 1.89%, with a total turnover of more than 15 million yuan. Both the buyer and the seller were institutional seats.
Eve Energy Co.Ltd(300014) fell 4.71%, and the value of the stock market fell to less than 130 billion yuan.
In addition to the stocks of the new energy track, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) also fell 8.71% among the heavyweights on the gem.
According to the annual report of Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) released last year and the report of the first quarter of this year, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) achieved an operating revenue of 25.27 billion yuan in 2021, with a year-on-year increase of about 20%; The net profit attributable to shareholders of listed companies was about 8 billion yuan, with a year-on-year increase of about 20%.
In the first quarter of 2022, Shenzhen Mindray Bio-Medical Electronics Co.Ltd(300760) continued to maintain the growth trend, realizing an operating revenue of 6.943 billion yuan, with a year-on-year increase of about 20%; The net profit attributable to the parent company was 2.105 billion yuan, a year-on-year increase of about 23%.
In addition to the gem, coal, real estate, steel and other recently repeatedly active sectors have stalled, which has also become an influencing factor for the increase of the overall adjustment range of the market.
With the adjustment of the market, northbound funds also sold significantly on the same day, with a net sales of nearly 5.3 billion yuan, for three consecutive trading days.
Sealand Securities Co.Ltd(000750) ‘s strategic review point of view is that the market differentiation fell today, the gem fell significantly due to the lower than expected performance of some companies, and the consumption style was outstanding. At the industry level, beauty care, food and beverage and household appliances led the rise.
Sealand Securities Co.Ltd(000750) believes that there are three main reasons for the obvious differentiation of the market today. First, the market is still trading along the value sector during the bottom grinding period. Recently, Fed officials spoke on the hawk side. The yield of 10-year US bonds is close to the 3% mark. The expectation of a significant interest rate increase from May to June is enhanced, which is reflected in a shares. The recent performance of the value sector is better than growth. Second, the performance of some core targets in the growth sector is lower than expected, which leads to the market’s concern about the performance of growth stocks; Third, there are signs of improvement in the epidemic situation in Shanghai. The higher point of confirmed + asymptomatic infection cases has decreased significantly, and the goal of social zeroing is expected to be achieved quickly. In addition, the impact of the epidemic on the economy has been marginally mitigated, which is reflected in the policy to solve the problem of excessive prevention and control and start organizing the resumption of work and production. The consumer sector most affected by the epidemic in the early stage benefited the most.
Sealand Securities Co.Ltd(000750) points out the four main logics from cycle to consumption. First, judging from the deduction of market style, the cycle and consumption have a seesaw effect. Since this year, the cycle has significantly outperformed consumption. The core reason is that commodity prices are at a high level under the influence of geopolitics and other factors. However, from the subsequent deduction, the prices of industrial products will be affected by the decline of global demand. The latest global economic outlook of IMF has significantly lowered the expectation of global economic growth, The excess return of cyclical stocks is expected to converge. Second, the transmission from PPI to CPI is still the main theme of this year. The IMF revised this year’s global inflation expectations, and the consumer sector is expected to benefit from the upward CPI environment. Third, from the perspective of valuation, the valuation of some consumer sectors such as medicine and biology, food processing and household appliances is at the bottom, and the valuation of weighted industries in the cycle sector such as chemical industry and nonferrous metals is at a high level. Fourth, from the perspective of catalyst, the current round of Shanghai epidemic will gradually enter the final stage, and the time when the impact on consumption is the greatest is about to pass. Under the background of uncertain external demand situation, expanding domestic demand and boosting consumption will be the main starting point of the policy.
many companies have entered the delisting consolidation period
It is worth noting that recently, for the market, the intensive disclosure period of the annual report has come, and some listed companies have also ushered in the test of delisting on the occasion of the disclosure of the annual report, and many companies have entered the delisting consolidation period one after another.
On the evening of April 20, Northeast Electric Development Company Limited(000585) announced that the Shenzhen Stock Exchange decided to terminate the listing of the company’s a shares, and the company’s A-Shares entered the delisting consolidation period on April 28. After 15 trading days in the delisting consolidation period, the company’s A-Shares will be delisted.
In addition, Xinjiang La Chapelle Fashion Co.Ltd(603157) will enter the delisting consolidation period on April 22, 2022.
On March 30, 2022, the company received the notice on the proposed termination of Xinjiang La Chapelle Fashion Co.Ltd(603157) stock listing from Shanghai Stock Exchange (SSE Gong Han [2022] No. 0210). As for the reasons for delisting, the announcement showed that the 2021 annual report disclosed by the company showed that the audited net assets at the end of the period in 2021 were negative, and the financial and accounting report was issued with qualified audit report.
Chunghsin Technology Group Co.Ltd(603996) will also enter the delisting consolidation period on April 22, 2022. The company received the decision on termination of listing of Chunghsin Technology Group Co.Ltd(603996) shares from Shanghai Stock Exchange on April 14, 2022. According to the announcement, on March 31, 2022, Chunghsin Technology Group Co.Ltd(603996) disclosed the annual report of 2021. The operating income in 2021 was 804200 yuan, the net profit after deducting non recurring profit and loss attributable to the shareholders of the listed company was -448 million yuan, and the net assets attributable to the shareholders of the listed company at the end of the period was -2.389 billion yuan. Zhonghua Certified Public Accountants (special general partnership) issued an audit report on the financial and accounting report of the company in 2021 that could not express an opinion. The above circumstances belong to the circumstances of termination of listing of shares as stipulated in article 9.3.11 of the Listing Rules of Shanghai Stock Exchange (hereinafter referred to as the Listing Rules of shares). According to the provisions of article 9.3.14 of the stock listing rules, Shanghai Stock Exchange has decided to terminate the listing of Chunghsin Technology Group Co.Ltd(603996) shares after the review of the Listing Committee of Shanghai Stock Exchange (hereinafter referred to as the exchange).
The delisting Xinyi, which has entered the delisting consolidation period, will usher in the last moment in the A-share market tomorrow. According to the announcement, April 21, 2022 is the last trading day of the 15 trading days of delisting Xinyi delisting consolidation period. Previously, the company received the decision on termination of listing of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) stock from Shanghai Stock Exchange on March 22, 2022. According to the facts identified in the decision on administrative punishment ([2022] No. 4) of China Securities Regulatory Commission, Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) . After deducting the falsely increased operating income, the actual operating income of the company for three consecutive fiscal years in 2018, 2019 and 2020 was less than RMB 10 million, and the financial and accounting report of 2020 was issued with qualified audit report. After deliberation by the Listing Committee of Shanghai Stock Exchange, Shanghai Stock Exchange decided to terminate the listing of Xinjiang Yilu Wanyuan Industrial Investment Holding Co.Ltd(600145) shares.
It is worth noting that the delisting Xinyi closed up today at 0.34 yuan / share, with a turnover rate of 6.56%.
On the same day, the Shanghai Stock Exchange issued a circular on the abnormal trading of “delisting Xinyi” shares. According to the circular, the company has repeatedly issued risk warning announcements for the trading of delisted Xinyi shares entering the delisting consolidation period. On the morning of April 20, some investors had abnormal trading behaviors that affected the normal trading order of the market and misled the trading decisions of small and medium-sized investors, such as raising the stock price in the process of trading the stock. The Shanghai Stock Exchange took regulatory measures to continuously suspend account trading for relevant investors in accordance with regulations. The Shanghai Stock Exchange once again reminded investors to pay attention to risks and comply with transactions.
In addition, Egls Co.Ltd(002619) april 20 announced that the Shenzhen Stock Exchange decided to terminate the listing of the company’s shares. It is worth noting that the Shenzhen Stock Exchange has made the decision to terminate the listing of the company’s shares due to the qualitative change of compulsory delisting involving trading. There is no delisting consolidation period, and the company’s shares will be delisted within 15 trading days after the decision to terminate the listing is made by the exchange.
