Securities code: 601007 securities abbreviation: Jinling Hotel Corporation Ltd(601007) Announcement No.: Lin 2022-002
Jinling Hotel Corporation Ltd(601007)
Stock trading risk warning announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
The closing price of Jinling Hotel Corporation Ltd(601007) (hereinafter referred to as “the company”) shares rose again on January 14, 2022. As of the date of this announcement, the cumulative increase of the company’s shares was large. At present, the company’s fundamentals have not changed significantly, and there is no major information that should be disclosed. Please pay attention to the transaction risks in the secondary market, make rational decisions and invest prudently.
The operating revenue of Jiangsu Jinling Food Technology Co., Ltd., the company’s holding subsidiary, accounted for less than 5% of the company’s operating revenue in the first three quarters of 2021. At present, it is still in its infancy.
On January 14, 2022, the closing price of the company’s shares was 7.93 yuan / share, with a price earnings ratio (TTM) of 76.66, which was higher than the average price earnings ratio of the hotel and catering industry.
The company disclosed the announcement on abnormal fluctuations in stock trading (Announcement No.: Lin 2022-001) on January 14, 2022. On January 14, 2022, the company’s shares rose again. In view of the large cumulative increase in the company’s share price in the short term, the relevant matters and risks are described as follows:
1、 Secondary market transaction risk prompt
From January 11 to January 14, 2022, the cumulative increase of the company’s shares reached more than 30%, the cumulative deviation from the Shanghai stock index was more than 30%, and the cumulative turnover rate was 29.14%. Please pay attention to the transaction risks in the secondary market, make rational decisions and invest prudently.
2、 Relevant situations concerned and verified by the company
(I) production and operation
The business scope of the company has not changed significantly, with hotel operation and management as the core business, covering diversified collaborative businesses such as hotel material trade, property management, house leasing, food R & D and sales. Since 2020, covid-19 epidemic has had an adverse impact on the company’s main business, especially on the profitability of self operated hotels
The impact force is large. The company’s operating revenue from January to September 2021 was 945 million yuan, a year-on-year increase of 17.10%; The net profit attributable to shareholders of listed companies was 12 million yuan, a year-on-year decrease of 20.30%.
As of the date of this announcement, the internal production and operation order of the company is normal, the market environment and industrial policies have not been significantly adjusted, and there is no major information that should be disclosed but not disclosed.
(II) major events
After the company’s self-examination and verification by written letter to the company’s controlling shareholder Nanjing Jinling Hotel Corporation Ltd(601007) Group Co., Ltd., there are no major events affecting the abnormal fluctuation of the company’s stock trading price, and there are no other major information that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset stripping, asset injection Major issues such as share repurchase, equity incentive, bankruptcy reorganization, etc.
(III) media reports, market rumors and hot concepts
The company is concerned about the recent hot spots in the capital market, involving concepts such as prefabricated dishes. According to the company’s self inspection, Jiangsu Jinling Food Technology Co., Ltd., the holding subsidiary of the company, is an enterprise mainly engaged in the R & D, operation and sales of Jinling food. The company carries out R & D and transformation based on Jinling catering special pastries and dishes, adopts the production mode of prefabricated dishes, and creates special pastries and prefabricated dishes for mass consumption, business festivals and semi-finished products of hotel catering. The company’s operating revenue in the first three quarters of 2021 accounted for less than 5% of the company’s operating revenue, which is still in its infancy.
The market potential of prefabricated vegetables is large, but the overall concentration of the industry is low and the industry competition is fierce. Affected by covid-19 epidemic prevention and control, regional market conditions, the company’s industrial chain integration ability and other factors, there are still some uncertainties in the R & D and sales of the company’s Prefabricated vegetable products. The company reminds investors to pay attention to investment risks, make rational decisions and invest prudently.
In addition to the above matters, the company has not found any unpublished material information that may or has had a great impact on the company’s stock trading price reported by the public media recently; There are no other major events that may have a great impact on the company’s share price.
(IV) other stock price sensitive information
On January 14, 2022, the closing price of the company’s shares was 7.93 yuan / share, with a price earnings ratio (TTM) of 76.66, which was higher than the average price earnings ratio of the hotel and catering industry. The turnover rate and trading volume of the company’s shares in recent trading days are higher than the average level of the company in the previous 20 trading days. The turnover rate has increased significantly and the trading volume has been significantly enlarged.
After verification by the company, the controlling shareholders, directors, supervisors and senior managers of the company did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading, and no other major events that may have a great impact on the company’s stock price were found.
3、 Other risk tips
All information of the company is disclosed in the designated information disclosure media Shanghai Securities News and the website of Shanghai Stock Exchange (www.sse. Com. CN) The announcement published shall prevail. Please invest carefully and pay attention to risks. It is hereby announced.
Jinling Hotel Corporation Ltd(601007) board of directors
January 15, 2022
