Near the end of April, the disclosure of annual reports of listed companies set off a wave of climax, including the figure of “high transfer”.
On the evening of April 24, Chengdu Rml Technology Co.Ltd(301050) , Hangzhou Chinastars Reflective Material Co.Ltd(301077) disclosed the annual report and the first quarterly report, and launched the high delivery scheme at the same time.
Last year, the performance of Chengdu Rml Technology Co.Ltd(301050) last year, which is engaged in millimeter wave active phased array micro system, achieved high growth, with a revenue of 735 million yuan, a year-on-year increase of double. Meanwhile, the company plans to distribute a cash dividend of 1.94 yuan for every 10 shares and increase 8 shares.
Hangzhou Chinastars Reflective Material Co.Ltd(301077) , which operates reflective materials and reflective products, had a revenue of 792 million yuan in 2021, a year-on-year increase of 27.3%. The company plans to distribute cash dividends of 20 yuan (including tax) for every 10 shares, with a total cash dividend of 120 million yuan (including tax), and increase 10 shares at the same time.
The reporter noted that the two companies were listed last year, and the stock price performance has also experienced the situation of “listing is the peak”. some investors have repeatedly suggested to the two companies on the exchange platform to introduce high transfer to reverse the trend of low stock price
Chengdu Rml Technology Co.Ltd(301050) : RMB 1.94 from 10 to 8
On the evening of April 24, Chengdu Rml Technology Co.Ltd(301050) ( Chengdu Rml Technology Co.Ltd(301050) ) issued the annual equity distribution plan for 2021, which distributed cash dividends of 1.94 yuan for every 10 shares to all shareholders based on the total share capital of 96.8 million shares, with a total cash dividend of 187792 million yuan, accounting for 9.32% of the net profit attributable to the parent company in the same period, and increased 8 shares for every 10 shares to all shareholders with capital reserve, without bonus shares.
It is understood that Chengdu Rml Technology Co.Ltd(301050) landed on the gem on August 24 last year, and this annual report is also the first annual report of the company after its listing. Last year, Chengdu Rml Technology Co.Ltd(301050) achieved a revenue of 735 million yuan, a year-on-year increase of 114.9%, and a net profit of 202 million yuan, a year-on-year increase of 66.33%.
The data shows that the millimeter wave microsystems developed and sold by Chengdu Rml Technology Co.Ltd(301050) are mainly used in radar, communication and other fields, and the customers are mainly scientific research institutes and overall units subordinate to major industrial groups in China.
Chengdu Rml Technology Co.Ltd(301050) said that at present, China’s cutting-edge technology and equipment are in a period of accelerated breakthrough, and the construction of equipment informatization will drive the overall demand for electronic components, components and microsystems. Therefore, in the medium and long term, the state attaches great importance to the construction of equipment informatization, which has brought a good policy environment and broad development prospects for the development of military electronic industry. Therefore, the company will continue to expand its production capacity in 2022 to ensure the production and delivery of key projects.
In the first quarter of this year, Chengdu Rml Technology Co.Ltd(301050) revenue was 225 million yuan, a year-on-year decrease of 17.12%, and net profit was 107 million yuan, a year-on-year increase of 35.12%. The company said that the increase in net profit was mainly due to the increase in the gross profit margin of the company’s new mass production projects during the reporting period and the increase in the turnover rate of accounts receivable compared with the same period.
In terms of share price, since its listing last year, Chengdu Rml Technology Co.Ltd(301050) share price has reached 307.5 yuan. Since the end of November last year, the share price has continued to decline. As of April 22, the daily closed at 138.4 yuan, down more than 50% from the highest point.
The disclosure of the high transfer scheme may also be a way for the company to boost market confidence.
Hangzhou Chinastars Reflective Material Co.Ltd(301077) : 20 yuan from 10 to 10
Hangzhou Chinastars Reflective Material Co.Ltd(301077) 4 announced on the evening of 24 that it is planned to distribute cash dividends of 20 yuan (tax included) for every 10 shares to all shareholders, with a total of 120 million yuan (tax included); At the same time, the capital reserve shall be used to increase 10 shares for every 10 shares to all shareholders.
On the same day, Hangzhou Chinastars Reflective Material Co.Ltd(301077) disclosed the annual report and the first quarterly report. In 2021, the company’s operating revenue was 792 million yuan, a year-on-year increase of 27.3%, and its net profit was 135 million yuan, a year-on-year increase of 37.42%.
In the first quarter of this year, Hangzhou Chinastars Reflective Material Co.Ltd(301077) achieved a revenue of 177 million yuan, a year-on-year increase of 1.38%; The net profit was 22.637 million yuan, a year-on-year increase of 0.02%.
Hangzhou Chinastars Reflective Material Co.Ltd(301077) said that last year’s performance growth was mainly due to the growth of the company’s production and sales volume, the effective release of the production capacity of raised investment projects, and the supporting role for business growth gradually appeared. The revenue structure was further optimized, and the sustainability and stability of profits were continuously enhanced.
The data shows that Hangzhou Chinastars Reflective Material Co.Ltd(301077) ‘s core product is reflective cloth. With the increasing maturity of reflective cloth technology and the development and application of new gluing and composite technology, through the application of this functional new material in downstream clothing, luggage, shoes and hats, outdoor sporting goods and other industries, the continuous improvement of material comfort and aesthetics, the application of reflective elements in fashion field is more and more widely, and the space of consumer market is huge.
But at the same time, affected by the sharp rise in international oil prices, Hangzhou Chinastars Reflective Material Co.Ltd(301077) faces increased pressure on production costs. It is disclosed that the cost of Hangzhou Chinastars Reflective Material Co.Ltd(301077) materials accounted for 79.09% of the cost of main business last year, which may also be one of the reasons for the slowdown of the company’s performance growth in the first quarter of this year.
Similar to the share price performance of Chengdu Rml Technology Co.Ltd(301050) , Hangzhou Chinastars Reflective Material Co.Ltd(301077) has fallen by nearly 40% since it was listed on September 30 last year. Previously, some investors also suggested to Hangzhou Chinastars Reflective Material Co.Ltd(301077) that the company has less circulating share capital and higher undistributed profit and capital reserve per share. It is suggested that the company implement high transfer and publish it as soon as possible, so as to reverse the inactive stock trading and long-term break.
high transfer can save the stock price
Zwsoft Co.Ltd(Guangzhou)(688083) , who also disclosed the profit distribution plan on the same day, plans to distribute a cash dividend of 10 yuan (including tax) for every 10 shares, and increase 4 shares for every 10 shares to all shareholders with the capital reserve Zwsoft Co.Ltd(Guangzhou)(688083) share price has turned down since it reached 665.96 yuan in August last year. So far, it has fallen by two-thirds to close at 200 yuan.
reporters noted that during the intensive disclosure of annual reports over the years, high transfer is a subject of great concern to the market. In the market, high transfer is generally understood as good news for the company, and many companies also send a signal to investors that their future performance will maintain high growth through the profit distribution plan of high transfer
According to the analysis of insiders, for the consideration of reasonable liquidity management of listed companies, the conversion of shares not only reduces the investment threshold, but also activates the market vitality. Therefore, the so-called “right filling” market appears after the implementation of “high transfer” in the stock market.
However, insiders also remind that the stock transfer has no material impact on the company’s operating performance. Although the total share capital of the company has expanded after the “high stock transfer”, the shareholders’ equity of the company will not increase. Moreover, “high stock transfer” also needs performance support. If the fruit industry’s performance is unsatisfactory, doing “high stock transfer” is no different from superficial efforts in addition, under the current circumstances, cash dividends of listed companies are more sought after.
