Since the beginning of this year, the A-share market has fluctuated downward. Under the downturn of market conditions, the enthusiasm of listed companies for fixed increase financing has also been greatly weakened, and the number of additional issuance has decreased significantly year-on-year.
On the other hand, since October last year, the share price of more than half of the individual shares that have implemented the fixed increase has fallen below the additional issue price, of which 20 companies have been covered by more than 30% of their major shareholders and institutional investors participating in the fixed increase.
more than half of the fixed increase has broken the additional offer price,
20 shares price upside down over 30%
From the stock market performance, since October last year, among the 218 fixed increase shares that have implemented cash subscription, the latest closing price of 123 shares has fallen below the additional issue price, accounting for 56%, of which the latest price of 20 shares has fallen by more than 30% compared with the issue price.
Specifically, the latest share price of Dbappsecurity Co.Ltd(688023) has fallen by 60% compared with the issue price, with the highest discount range, Sungrow Power Supply Co.Ltd(300274) , Zhejiang Dingli Machinery Co.Ltd(603338) , Sunwoda Electronic Co.Ltd(300207) and other seven stocks “followed”, and the discount range of the latest share price compared with the additional issue price is more than 40%.
the sharp decline of performance is one of the incentives for fixed increase and break
In addition to the decline in share prices caused by the downturn in market conditions, the sharp weakening of the performance of relevant companies is also an important factor in the breaking of share prices after the fixed increase.
Statistics show that among the 16 stocks whose latest closing price fell by more than 30% compared with the additional offering price, the annual performance of 2021 of 9 companies fell to varying degrees year-on-year, accounting for about 60%.
For example, in October last year, five institutions, including Ge Weidong, a well-known private placement boss, participated in the fixed increase of the shares of Dbappsecurity Co.Ltd(688023) a leading listed company in the network security industry. At present, it has a floating loss of 60%, ranking the first in the breaking range. The company’s performance is also “bad”. The company increased revenue without increasing profit in 2021, and its profit decreased by nearly 90% year-on-year last year. In the first quarter of this year, under the influence of the epidemic, the company’s operating revenue increased rapidly, but due to the growth of personnel, the relevant investment increased, resulting in a performance loss of 190 million yuan.
The former Bull Stock Sungrow Power Supply Co.Ltd(300274) , which ranked second in the breaking range, also handed over an average annual report card. In 2021, when the company’s revenue increased by more than 20% year-on-year, the net profit decreased by 19% year-on-year. In the first quarter of this year, the profit increased slightly year-on-year, and many well-known investment institutions participating in fixed growth, including QFII and private placement, lost more than 40%, which was deeply covered.
In addition, there are Vanjee Technology Co.Ltd(300552) , Ucloud Technology Co.Ltd(688158) , Beijing Originwater Technology Co.Ltd(300070) and other companies with fixed increase and break, and their performance also fell sharply last year.
6 individual stock performance, revenue and net profit increased
Of course, there are also some companies with significant breaks, and their performance has increased significantly.
Among the 20 companies with a breaking range of more than 30%, Cngr Advanced Material Co.Ltd(300919) , Luoyang Jalon Micro-Nano New Materials Co.Ltd(688357) , Iat Automobile Technology Co.Ltd(300825) , Zhuzhou Hongda Electronics Corp.Ltd(300726) , Sichuan New Energy Power Company Limited(000155) and Sunwoda Electronic Co.Ltd(300207) achieved both annual revenue and net profit growth in 2021, and the net profit of the first four companies increased by more than 60%. Among them, Cngr Advanced Material Co.Ltd(300919) also expects the net profit in the first quarter to be 248 million yuan to 266 million yuan, with a year-on-year increase of 17.23% to 25.74%; Deduct non net profit of RMB 200 million to RMB 218 million, with a year-on-year increase of 1.64% to 10.79%. The company said that it benefited from the improvement of terminal demand in the new energy industry and the effective enhancement of supply and demand in the industrial chain. The company’s production capacity continues to release, and the total sales volume of ternary precursor and Co3O4 is about 50000 tons.
These companies with excellent performance have also won the favor of northbound capital. Since this year, northbound capital has increased its holdings of Cngr Advanced Material Co.Ltd(300919) , Zhuzhou Hongda Electronics Corp.Ltd(300726) and other stocks.
Then, it is worth paying attention to whether there will be certain investment opportunities in the above-mentioned stocks after the extreme emotions in the short-term market are vented and the market stabilizes.
