Hot bull stocks were reduced and fell by the limit for two consecutive trading days!
On Monday, Xiangtou holdings, the second largest shareholder of Hunan Development Group Co.Ltd(000722) popular infrastructure stock, threw out a large reduction plan. Affected by this, the company’s share price fell rapidly after opening on Tuesday and quickly sealed the limit. On Tuesday, the company’s share price fell again. Previously, the company harvested 11 daily limit boards in 14 trading days.
II continuous limit decline after shareholders’ high-level reduction
On May 18, after Hunan Development Group Co.Ltd(000722) opening, the share price fell rapidly and quickly sealed the limit. On the previous trading day, the company’s share price fell rapidly after the opening and closed the limit at 9:38.
Hunan Development Group Co.Ltd(000722) announced that the company has received the notice from the shareholder Xiangtou holdings, who plans to reduce the company’s shares by no more than 13.26 million shares, accounting for 2.86% of the company’s total share capital.
Specifically, within 90 days after 15 trading days from the date of announcement disclosure, the total number of shares reduced by Xiangtou holdings through centralized bidding trading shall not exceed 4.64 million shares, and shall not exceed 1% of the total share capital of the company; Within 90 days after the date of disclosure of the announcement, the total number of shares reduced through block trading shall not exceed 8.62 million shares, and shall not exceed 1.86% of the total share capital of the company.
According to the first quarterly report of the company, Hunan Xiangtou Holding Group Co., Ltd. ranks as the second largest shareholder of Hunan Development Group Co.Ltd(000722) with a shareholding ratio of 7.86% and 36471309 million shares. After the reduction, the shareholding ratio of Xiangtou holdings decreased to 5%, and it is still Hunan Development Group Co.Ltd(000722) the second largest shareholder.
Xiangtou Holdings said that the reduction was due to the needs of future operation and investment. At the same time, Hunan Development Group Co.Ltd(000722) also said that Xiangtou holdings is not the controlling shareholder and actual controller of the company, and the implementation of the reduction plan will not lead to the change of the company’s control right, and will not have an impact on the company’s governance structure, equity structure and sustainable operation.
tripled in the previous 14 trading days
Public information shows that Hunan Development Group Co.Ltd(000722) is mainly engaged in clean energy, medical care and health, and natural resource development, and has a number of wholly-owned and holding subsidiaries.
Recently, the overall market of the infrastructure sector has been outstanding, Hunan Development Group Co.Ltd(000722) with outstanding performance in terms of hydropower, venture capital, pension and other concepts, becoming the company with the best share price increase in recent times.
As of May 16, Hunan Development Group Co.Ltd(000722) has gained 11 daily limit in 14 trading days. Disk display, from April 22 to May 16, the company’s share price rose from 8.45 yuan / share to 25.54 yuan / share, during which the share price rose as high as 199.41%.
On the day of the announcement of the reduction plan, Hunan Development Group Co.Ltd(000722) opened with a straight-line trading limit. The trading limit was opened at noon, but it was soon sealed again and maintained until the closing. A total of 2.508 billion yuan was traded throughout the day, with a turnover rate of 21.47%, and the latest market value was 11.85 billion yuan. As of the close, there were still more than 50000 hands on the daily limit.
In view of the abnormal fluctuation of the company’s stock trading, the company said after verification: “there are no major events that should be disclosed but not disclosed, nor are there major events in the planning stage.”
The company pointed out in the announcement on May 11 that up to now, the main business and business model of the company’s three industrial sectors of clean energy, medical care and health and natural resources have not changed significantly compared with the average year of 2021. Among them, the natural resources sector takes Hunan Development Group Co.Ltd(000722) Yiyuan natural resources development Co., Ltd. as the platform to carry out the sales of river sand, river pebbles, gravel and other products in the middle and lower reaches of the Yangtze River.
In 2021, Hunan Development Group Co.Ltd(000722) Yiyuan realized an operating revenue of 269 million yuan, accounting for 56.33% of the company’s operating revenue, and realized a net profit of 19.216 million yuan, accounting for 16.3% of the company’s net profit.
In the first quarter of 2022, the company realized a net profit attributable to the shareholders of the listed company of 402604 million yuan, an increase of 97.39% over the same period of the previous year, which was mainly due to the comprehensive impact of factors such as the significant increase of water from the river basin where the company’s subordinate power stations are located, the corresponding increase of power generation and the preferential corporate income tax rate of 15% for high-tech enterprises.
