Securities code: 605333 securities abbreviation: Kunshan Huguang Auto Harness Co.Ltd(605333) Announcement No.: 2022-002 Kunshan Huguang Auto Harness Co.Ltd(605333)
Stock trading abnormal fluctuation 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:
Kunshan Huguang Auto Harness Co.Ltd(605333) (hereinafter referred to as “the company” or “the company”) shares deviated from the daily closing price by more than 20% in three consecutive trading days on January 14, January 17 and January 18, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
Since November 1, 2021, the company’s stock has increased by 112.33% in total. The company’s stock has increased greatly in total, and today’s turnover rate is as high as 21.88%. However, the company’s fundamentals have not changed significantly. At present, the company’s main source of income is still the auto parts of traditional fuel vehicles, and the company’s income structure will not change greatly in the short term, Investors should pay attention to the trading risks in the secondary market.
As of January 18, 2022, the company’s dynamic P / E ratio is 165.59 and the rolling P / E ratio is 132.18; The company’s industry “C36 automobile manufacturing industry” has a dynamic P / E ratio of 34.05 and a rolling P / E ratio of 28.51, which is higher than the industry average.
The company has disclosed the report of the third quarter of 2021 on October 30, 2021. In the first three quarters of 2021, the company achieved an operating revenue of 1.64 billion yuan, a year-on-year increase of 67.04%; However, due to the rise in raw material prices and labor costs, the company realized a net profit attributable to shareholders of listed companies of 45.3524 million yuan, a year-on-year increase of 3.48%; Affected by the epidemic, the profit base of the company in the same period of 2020 is lower than that in the same period of previous years, and the profit growth of the company is less than that of revenue. Limited by the unstable chip supply of downstream customers, the company’s future operating performance may be uncertain.
The gross profit margin of the company is low, and the gross profit margin in the first three quarters of 2021 is 13.01%; Meanwhile, the asset liability ratio of the company is on the high side, with the asset liability ratio of 68.63% in the first three quarters of 2021. Please invest rationally and pay attention to investment risks.
1、 Details of stock trading (abnormal) fluctuations
The daily closing price of the company’s shares deviated by more than 20% in three consecutive trading days on January 14, January 17 and January 18, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to abnormal fluctuations in stock trading.
2、 Relevant information concerned and verified by the company
1. Production and operation
According to the company’s self inspection, the company’s current production and operation activities are normal, there are no major adjustments to the market environment and industrial policies, there are no significant fluctuations in production costs and sales, and the internal production and operation order is normal. 2. Major events
The company was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on December 22, 2021 And the designated media disclosed the announcement on the completion of industrial and commercial registration and business license of wholly-owned subsidiaries. Recently, Chongqing Huguang Automobile Electric Appliance Co., Ltd., a wholly-owned subsidiary of the company, plans to purchase land and plants in Chongqing for the production and operation of Southwest production base, which is not expected to constitute a major asset restructuring. The relevant matters are still in the planning stage, and there is great uncertainty in this matter. Please pay attention to the investment risk.
After the company’s self-examination and verification by letter to the controlling shareholder and actual controller of the company: as of the disclosure date of this announcement, except for the above matters and the information publicly disclosed on the designated media, there are no major matters affecting the abnormal fluctuation of the company’s stock trading price; There is no other major information that should be disclosed but not disclosed by the company, including but not limited to major asset restructuring, acquisition of listed companies, debt restructuring, business restructuring, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy restructuring, major business cooperation, introduction of strategic investors and other major matters.
3. Media reports, market rumors and hot concepts
Through the company’s self-examination, the company did not find any media reports and market rumors that may have a significant impact on the company’s stock trading price, nor did it involve the concept of market hot spots.
4. Other stock price sensitive information
After verification, the company did not find any other major events that may have a great impact on the company’s share price, and the company’s directors, supervisors, senior managers, controlling shareholders and actual controllers did not buy or sell the company’s shares during the abnormal fluctuation of the company’s stock trading.
3、 Relevant risk tips
1. The daily closing price of the company’s shares has deviated by more than 20% in three consecutive trading days on January 14, January 17 and January 18, 2022. Investors are reminded to pay attention to the trading risks in the secondary market.
2. Since November 1, 2021, the company’s stock has increased by 112.33% in total. The company’s stock has increased greatly in total, and today’s turnover rate is as high as 21.88%. However, the company’s fundamentals have not changed significantly. At present, the company’s main source of income is still the auto parts of traditional fuel vehicles, and the company’s income structure will not change greatly in the short term, Investors should pay attention to the trading risks in the secondary market.
3. As of January 18, 2022, the company’s dynamic P / E ratio is 165.59 and the rolling P / E ratio is 132.18 ( Hithink Royalflush Information Network Co.Ltd(300033) Ifind data); According to the industry P / E ratio and rolling P / E ratio data of the CSRC released on the official website of China Securities Index Co., Ltd., the dynamic P / E ratio of “C36 automobile manufacturing industry” is 34.05 and the rolling P / E ratio is 28.51. The P / E ratio of the company is higher than the industry average level. Please pay attention to the investment risk.
4. The company has disclosed the report of the third quarter of 2021 on October 30, 2021. In the first three quarters of 2021, the company achieved an operating revenue of 1.64 billion yuan, a year-on-year increase of 67.04%; However, due to the rise in raw material prices and labor costs, the company realized a net profit attributable to shareholders of listed companies of 45.3524 million yuan, a year-on-year increase of 3.48%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 39.1224 million yuan, an increase of 4.25% year-on-year. Affected by the epidemic, the profit base of the company in the same period of 2020 is lower than that in the same period of previous years, and the profit growth of the company is less than that of revenue. Limited by the unstable chip supply of downstream customers, the company’s future operating performance may be uncertain.
5. The gross profit margin of the company is low, and the gross profit margin in the first three quarters of 2021 is 13.01%; Meanwhile, the company’s asset liability ratio is on the high side, with the asset liability ratio of 68.63% in the first three quarters of 2021. Please invest rationally and pay attention to investment risks.
The company solemnly reminds investors that Shanghai Securities News, China Securities News, securities times and Securities Daily are the designated information disclosure newspapers of the company, and the website of Shanghai Stock Exchange (www.sse. Com. CN.) It is the information disclosure website designated by the company. All information of the company shall be subject to the information published in the above designated media. Please invest rationally and pay attention to investment risks.
4、 Statement of the board of directors and commitments of relevant parties
The board of directors of the company confirms that there are no other matters that should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange or the planning, negotiation, intention and agreement related to such matters, and the board of directors has not been informed that the company should be disclosed but not disclosed in accordance with the relevant provisions of the stock listing rules of Shanghai Stock Exchange Information that may have a great impact on the trading price of the company’s shares and their derivatives; There is no need to correct or supplement the information disclosed by the company in the early stage.
It is hereby announced.
Kunshan Huguang Auto Harness Co.Ltd(605333) board of directors January 19, 2022
