The share price fell from a maximum of more than 190 yuan at the beginning of last year to a minimum of less than 50 yuan. The share price of Intco Medical Technology Co.Ltd(300677) has staged bungee jumping in recent years. “Glove Mao” becomes “glove bear”. The falling stock price makes the chairman of the company decide to voluntarily lock his shares in the company until the middle of next year.
Everything happens for a reason. This is only one month since it terminated last year’s share reduction plan. Because of the above-mentioned share reduction plan, Liu Fangyi once encountered verbal and written criticism from investors, and microblog once fell. Liu Fangyi tweeted that he would “calm down”.
Although the above unhappiness happened, it did not affect Liu Fangyi’s enthusiasm for microblog. Just last week, Liu Fangyi also “spoke for his own products” in microblog.
the chairman voluntarily locked in for one and a half years
On the evening of January 12, Intco Medical Technology Co.Ltd(300677) issued an announcement and received a letter of commitment signed by Liu Fangyi, the controlling shareholder and actual controller of the company and also the chairman of the company. Based on his confidence in the sustainable and stable development of the company in the future, Liu Fangyi voluntarily promises that he will not reduce any shares of Intco Medical Technology Co.Ltd(300677) held by means of centralized bidding, block trading and agreement transfer from the date of issuance of the commitment letter to June 30, 2023 (including the shares increased due to Intco Medical Technology Co.Ltd(300677) share distribution and capital reserve converted into share capital during the commitment period).
This has also become its latest move to save Intco Medical Technology Co.Ltd(300677) falling stock prices.
On December 7 last year, Liu Fangyi announced the termination of the reduction plan; On December 15 last year, three company executives, including the board secretary, also announced the termination of the reduction plan. According to the previous plan, Liu Fangyi planned to reduce his stake of 6%, but only reduced his stake by 3.44%, which did not complete the plan. The other three executives did not complete the plan of the early announcement.
once staged a highlight moment, known as “glove grass”
Due to the covid-19 epidemic, the Intco Medical Technology Co.Ltd(300677) main medical gloves once ushered in a “highlight moment”.
According to the data of China stock market news choice, from the beginning of 2020 to the end of January 2021, it reached the highest level of 196.05 yuan (former restoration of rights), and the maximum range of Intco Medical Technology Co.Ltd(300677) increased by an amazing 26 times. Its market value also exceeded 100 billion yuan, which was once called “glove Mao” by the market.
Intco Medical Technology Co.Ltd(300677) the main business covers disposable gloves, wheelchairs, cold and hot packs, electrode sheets and other types of nursing products, of which disposable gloves are the core business.
According to its announcement, during the epidemic period, the company’s disposable glove production capacity increased from 19 billion in 2019 to 36 billion by the end of 2020. According to the frost Sullivan report, Intco Medical Technology Co.Ltd(300677) is the largest supplier of disposable gloves in China and the third largest in the world.
This also enabled it to achieve record performance growth. In 2020, Intco Medical Technology Co.Ltd(300677) operating revenue soared to 13.837 billion yuan, a year-on-year increase of 564%; Among them, the company’s product export revenue increased by 436% year-on-year, and the product domestic sales revenue increased by 2789% year-on-year; The net profit attributable to shareholders of listed companies reached 7.007 billion yuan, a year-on-year increase of 3829%.
Liu Fangyi’s worth also soared for a time. According to the Hurun global rich list released in March 2021, Liu Fangyi ranked 620 among the world’s rich with a wealth of 33 billion yuan. At the same time, he also became the richest man in Zibo City, Shandong Province.
once lost 10 billion in market value one day
However, with the stabilization of epidemic prevention and control, the halo of Intco Medical Technology Co.Ltd(300677) gradually faded.
Since the stock price reached a high in January last year, Intco Medical Technology Co.Ltd(300677) has begun a “long bear road”. By November last year, Intco Medical Technology Co.Ltd(300677) share price had dropped to 48.91 yuan when it was the lowest. Now, although the share price has rebounded, it is also hovering around 60 yuan. At present, the total market value of the latest company is about 35 billion yuan, which is far from the prosperous scene at the high level.
On June 2 last year, Intco Medical Technology Co.Ltd(300677) also staged a 20% limit down market, with a market value of 10 billion a day, which is also its first 20% limit down. The night before the limit, Intco Medical Technology Co.Ltd(300677) announced that the actual controller, chairman Liu Fangyi and senior executives of the company would reduce their holdings. This is also considered by investors as the initiator of the limit.
According to the announcement at that time, Liu Fangyi plans to directly reduce his holdings of no more than 21755500 shares (i.e. no more than 6% of the total share capital) by means of centralized bidding and block trading within six months after 15 trading days from the date of the announcement; Chen Qiong, director and general manager, intends to reduce her shareholding of no more than 75000 shares; Yu Hai, director and deputy general manager, intends to reduce no more than 48750 shares; Li Bin, Secretary of the board of directors and deputy general manager, plans to reduce his holdings of no more than 86250 shares; Feng Jie, chief financial officer, plans to reduce his holdings of no more than 45000 shares.
Calculated by the closing price of Intco Medical Technology Co.Ltd(300677) on the day of the announcement of 142.65 yuan, the maximum reduction scale of Liu Fangyi exceeded 3 billion yuan. For several other executives, the reduction scale is about 6.4 million yuan to 12.3 million yuan.
microblog was “Besieged” and responded to “calm down”
The share reduction plan of up to 3 billion has also triggered a strong rebound among investors. Liu Fangyi’s personal microblog has become the main position for investors to “spit out bad things”. A large number of investors left messages to question, and some investors even spoke ill of each other.
Facing the roaring voice of doubt, Liu Fangyi seemed calm. On June 2, after the stock price of Intco Medical Technology Co.Ltd(300677) fell by the limit, Liu Fangyi sent a microblog “in fact, it’s useless to say more about the current situation! Be yourself, be a good enterprise! Calm down” as a response to investors\’ questions.
recently, he also “spoke” for his own products
Although the above events have occurred, they have not affected Liu Fangyi’s enthusiasm for microblog. At present, Liu Fangyi still maintains the update of microblog.
On January 6 this year, Liu Fangyi also spoke for the “color gloves” produced by Intco Medical Technology Co.Ltd(300677) .
In addition, in December last year, Liu Fangyi also forwarded a microblog for help when his father was ill.
Now, Liu Fangyi once again supports Intco Medical Technology Co.Ltd(300677) through practical actions of voluntary locking, showing his confidence in the development of the company. The future trend of Intco Medical Technology Co.Ltd(300677) also deserves further attention.
