Tonga volcanic eruption makes scallops flood in? Zoneco Group Co.Ltd(002069) responded that it was seriously untrue. Expert: scallops will not come

Recently, “Tonga submarine volcano eruption” has become a hot topic in the whole network. On the 18th, the Zoneco Group Co.Ltd(002069) stock “thousands of miles away” from Tonga volcano suddenly rose by the limit.

Tonga volcano erupted and a large number of scallops poured into Zoneco Group Co.Ltd(002069) to avoid danger?

investors’ brain hole is wide open

Tiktok, scallop in shell volcano, released a short video on January 17th at 17 p.m., and the official account of Fenghuang magazine, “Phoenix WEEKLY”, and said that “due to the Tonga volcano eruption and tsunami, a large number of The Pacific Securities Co.Ltd(601099) scallops poured into Zoneco Group Co.Ltd(002069) , and this year the revenue is expected to increase by more than 100%.”

Reporters on the 18th query found that the video has been deleted.

Earlier on the 17th, An investor interacted with the Secretary of Zoneco Group Co.Ltd(002069) in the Shenzhen Stock Exchange: “the volcanic eruption in Tonga sea area has caused the sea water temperature in the nearby sea area to rise. Is it possible that a large number of The Pacific Securities Co.Ltd(601099) scallops will flow into the company’s sea area to avoid risks? If so, does the company have an emergency plan to welcome the arrival of these scallops, or take measures to actively attract part of the South The Pacific Securities Co.Ltd(601099) ?” High quality scallop resources to the company’s sea area, so as to boost the company’s economies of scale? “

Source: Shenzhen Stock Exchange Interactive Trading Co., Ltd

As soon as the above news came out, netizens immediately fried the pot. Some netizens said, “the scallops can’t get back to Zoneco Group Co.Ltd(002069) due to the eruption of Tonga volcano, because they are cooked by magma”, “the intercontinental missile on which scallops sit”, and others said “talk and laugh, don’t make fun of their achievements”.

The share price of Zoneco Group Co.Ltd(002069) rose by the limit, and the company urgently responded that it was seriously untrue

expert: scallops won’t come

On the morning of January 18, Zoneco Group Co.Ltd(002069) closed the board in a straight line in just two minutes, and the final share price closed at 4.26 yuan, with a market value of 3.029 billion yuan. More than 200000 orders were sealed on the daily limit. The turnover was 320 million yuan, with a turnover rate of more than 11%.

According to the latest data, Zoneco Group Co.Ltd(002069) has 47369 shareholders.

After hours on January 18, Zoneco Group Co.Ltd(002069) announced that the company was concerned about the recent media reports that “Tonga volcanic eruption and tsunami led to the influx of The Pacific Securities Co.Ltd(601099) scallops into Zoneco Group Co.Ltd(002069) , and the revenue will increase by 100% + this year” and related rumors. The above reports and rumors were seriously untrue, and the company’s management did not accept any interview and reply to the above questions, The company reserves the right to protect its own rights and interests through legal channels. The company has explained it in the interactive exchange of Shenzhen Stock Exchange.

On January 18, Mu Yongtong, a professor at Ocean University of China, told the 21st Century Business Herald, “scallops living in The Pacific Securities Co.Ltd(601099) will not flow into Zoneco Group Co.Ltd(002069) due to the eruption of Tonga volcano. If Zoneco Group Co.Ltd(002069) company really achieves 100% performance growth in 2022 (this may be possible), the online statement will not be the reason for this hypothetical growth.”

According to the map ranging, Zoneco Group Co.Ltd(002069) is about 9300 kilometers away from Tonga. Considering the land barrier in the middle, the actual water distance may reach about 10000 kilometers.

prefabricated vegetable air outlet on the station?

Zoneco Group Co.Ltd(002069) return : the contribution of prefabricated vegetable income is less than 5%

The reporter noted that, benefiting from the upcoming Spring Festival, the prefabricated vegetable sector has become a hot concept of A-Shares in the near future. The stocks related to the subdivision sector have soared recently, Zoneco Group Co.Ltd(002069) has also stood at the outlet of prefabricated vegetables, and the stock price has risen all the way.

On January 13, Zoneco Group Co.Ltd(002069) said on the interactive platform that in recent years, the company has been committed to promoting the upgrading of food materials to food, and has developed and launched ” Zoneco Group Co.Ltd(002069) flavor” marine food around Zoneco Group Co.Ltd(002069) core marine resources. It has successively listed prefabricated vegetable products such as minced garlic vermicelli, fried fish chops, fresh + scallops, black pepper salmon, Longjin Buddha jumping over the wall and so on.

At that time, some investors joked that can scallops made into prefabricated vegetables run?

Zoneco Group Co.Ltd(002069) on January 18, the company issued an announcement and responded that on January 13, the company replied to the investment questions about whether the company has prefabricated dishes, objectively introduced the company’s products and prompted attention to investment risks. at present, the income contribution of the company’s Prefabricated vegetables is less than 5%, and some products are still in the stage of market development.

the CSRC once cracked the mystery of scallop “escape” with Beidou satellite

According to the official website, Zoneco Group Co.Ltd(002069) was founded in 1958. After years of development, it has become a comprehensive marine enterprise with the support of marine biotechnology, focusing on marine treasure seed industry, marine aquaculture and marine food, and integrating cold chain logistics, marine leisure, fishery equipment and other related diversified industries.

In recent years, Zoneco Group Co.Ltd(002069) has been concerned by the outside world because of scallop “running away” and financial fraud. It is worth mentioning that the CSRC has also solved the mystery of Zoneco Group Co.Ltd(002069) scallop “escape” with the help of Beidou satellite navigation system.

On June 24, 2020, the CSRC made a decision on administrative punishment and market entry ban on Zoneco Group Co.Ltd(002069) according to law, gave a warning to Zoneco Group Co.Ltd(002069) and imposed a fine of 600000 yuan, imposed a fine ranging from 30000 yuan to 300000 yuan on 15 responsible persons, and imposed a market entry ban for 5 years to life on 4 main responsible persons.

Since then, a series of lawsuits have followed. As of December 24, 2021, Zoneco Group Co.Ltd(002069) controlling shareholders’ accumulated frozen shares accounted for more than 80% of the company’s shares. While dealing with the lawsuit, Zoneco Group Co.Ltd(002069) also continued to lose weight and “return blood”, trying to avoid the risk of delisting.

The 21st Century Business Herald reporter noted that in the past five years, the company’s overall revenue has shown a downward trend, and its net profit has fluctuated.

According to the data, Zoneco Group Co.Ltd(002069) from 2017 to 2020, the revenue was 3.206 billion yuan, 2.798 billion yuan, 2.729 billion yuan and 1.927 billion yuan respectively; The net profits were – 447 million yuan, 34 million yuan, – 385 million yuan and 36 million yuan respectively.

In the first three quarters of 2021, Zoneco Group Co.Ltd(002069) achieved a revenue of 1.568 billion yuan, a year-on-year increase of 6.77%; The net profit was -11 million yuan, a year-on-year decrease of 123.19%.

On December 4, 2021, Zoneco Group Co.Ltd(002069) the board of directors deliberated and passed the proposal on selling the assets of the branch, agreeing to sell the relevant assets of Zhuanghe branch to Dalian Changying ocean ranch Co., Ltd., with a total transaction price of 95 million yuan. If there are no accidents, this will become the key to turning losses in the Zoneco Group Co.Ltd(002069) annual report.

in fact, we don’t know so much about volcanoes

Wei Songqiao is an assistant professor of Geosciences at Michigan State University. The main research fields are geological structure, earthquake and volcano in the ring The Pacific Securities Co.Ltd(601099) subduction zone. Submarine volcanoes and earthquakes in Tonga subduction zone have been studied since 2010. Relevant research results have been published in academic journals such as nature, science advances, EPSL and jgr.

At present, he has presided over several NSFC projects to study the geophysical processes of Tonga, Alaska and each subduction zone around The Pacific Securities Co.Ltd(601099) . It was originally planned to set up a submarine seismic observation network in northern Tonga from 2020 to 2022. Unfortunately, due to the impact of the epidemic and travel restrictions, the project was postponed to 2023.

The volcanic eruption in early 2022 made Tonga attract the attention of the world. Tonga is a tourist destination. Apart from this, there are few other opportunities to enter the global vision.

But in fact, Tonga has always been a research hotspot in the field of Geology and geophysics. When the The Pacific Securities Co.Ltd(601099) sector subducts into the mantle along the Tonga Trench, the water bearing minerals carried by it will decompose under specific high temperature and high pressure, and the released water will reduce the melting point of the surrounding rocks to form magma, which rises to the surface to form volcanic islands.

This is like putting a wooden board soaked in seawater for hundreds of millions of years on a fire deep in the earth, and the water in the wooden board will evaporate. These volcanic island chains and trenches together constitute a huge and active system – subduction zone, where most earthquakes and volcanic eruptions all over the world occur.

Schematic diagram of Tonga subduction zone

The protagonist of this volcanic eruption, Hunga Tonga Hunga Ha’apai, is one of the most active volcanoes in Tonga volcanic island chain in recent years, most of which are located below sea level. Before 2014, only two small cusps were exposed to the sea level, namely Hunga Tonga island and Hunga Ha’apai island. The two islands were connected by the accumulation formed by an eruption from the end of 2014 to the beginning of 2015.

According to the latest satellite images, the area above sea level has shrunk significantly, which means that there may be a large-scale collapse in the crater, which may also be the direct cause of the tsunami. This is like the eruption of Hawaii volcano in 2018. When the magma erupts, the volcano “feels its body hollowed out”, the internal pressure decreases, and the top naturally collapses, waiting for the accumulation of power in the next cycle.

The terrain of Hunga Tonga Hunga haapai volcano fluctuated in 2016, and only the gray part was above sea level. The red dotted line represents the entire crater range, which may have formed a major eruption more than a thousand years ago. (source: Garvin et al., 2018, GRL)

Tonga suddenly encountered such a large-scale volcanic eruption, which aroused global attention. What impact will the volcanic eruption bring? Will there be other volcanic eruptions.

Frankly speaking, for these volcanoes with a life span of 100000 to millions of years, the quiet period of several years to decades is only equivalent to a nap. Small magma eruptions and accompanying earthquakes occur from time to time, but such a large-scale volcano is not common.

This is based on limited data and speculation about other volcanic studies. Due to the lack of the latest quantitative data, we do not know how much material erupted, as well as the new seabed topography and crater morphology after the eruption, so it is impossible to infer whether the volcano will immediately enter a quiet period.

Change of topography above sea level of Hunga Tonga Hunga haapai volcano from December 10, 2021 to January 15, 2022. It can be seen that after the outbreak on the 15th, only a small part is still above sea level. (source: ingv vulcani)

After the eruption of Tonga volcano, the most questions I received were: “didn’t you know anything in advance?” Tonga has had very active volcanoes for millions of years, and there have been many warnings before the largest volcanic eruption. Unfortunately, we do not have enough observation data, so we did not foresee that the eruption is so large that it can affect the whole The Pacific Securities Co.Ltd(601099) . Any forecast must answer three questions: location, time and scale.

location: unlike unpredictable earthquakes, the locations of the world’s major active volcanoes are known. Human history is too short relative to the life of volcanoes. We are unlikely to encounter a brand-new formation process of volcanoes from scratch.

time: before a large volcanic eruption, there will be obvious abnormal seismic activity, surface deformation, etc. (this is different from that there is no precursor before some large earthquakes). Therefore, if geophysical instruments can be deployed around the crater for 24-hour real-time monitoring, there is a great probability to capture these precursors and give early warning a few days to hours in advance. For example, several active volcanoes in Hawaii have such monitoring networks and successfully warned of eruptions in 2018. However, for submarine volcanoes, 24-hour real-time monitoring is too difficult, power supply and communication are problems. The axial seamount off the west coast of the United States is one of the few undersea volcanoes with continuous monitoring. Scientists use hundreds of kilometers of cables to connect undersea instruments to land for power supply and data transmission. However, due to limited funds, the number of instruments is far less than that of the observation network in Hawaii. Tonga has hundreds of undersea volcanoes and has no human and material resources to build a huge monitoring network.

scale: how much magma can a volcano erupt at a time? Ideally, geophysical imaging is used to observe how much magma is underground and how much magma is left after a volcanic eruption. The law can be mastered by measuring more times. This is equivalent to a small tumor growing in the human body. We need to go to the hospital for CT scanning regularly to accurately measure the size of the tumor. But this requires a more intensive monitoring network. At present, only a few volcanoes (such as Yellowstone National Park in the United States) can accurately know the total amount of magma under volcanoes – this is only a static value. That is to say, so far, Huangshi has only done high-precision CT once. We don’t know whether this “tumor” has grown or become smaller over time. For submarine volcanoes, there is no place in the world where high-precision CT scanning can be done, let alone regular inspection. In addition, the intensity of volcanic eruption depends not only on the total amount of eruption, but also on the chemical composition of eruption materials and eruption process. This adds a lot of uncertainties.

If we have unlimited resources, we can install and implement monitoring real-time imaging network on Tonga’s submarine volcano, just like treating patients in ICU. With the data accumulated for decades and hundreds of years, we know the temperament of the volcano, so we may be able to accurately predict the next volcanic eruption.

But even so, compared with the life span of millions of years of volcanoes, whether the observation data of human beings for decades are enough needs to be marked with a question mark. Therefore, at present, everyone has a wait-and-see attitude towards submarine volcanoes all over the world – go to the scene after the eruption.

But the earth scientists didn’t really lie flat. Tonga scientists have been paying close attention to the volcano. Although there is no ideal monitoring network, some omens have been captured through remote monitoring. As early as a volcanic eruption on January 14 local time, the local government issued a tsunami warning. By the time the biggest outbreak occurred on the 15th, many people were prepared. Therefore, there are no large-scale casualties in the local area. What is really impacted is infrastructure and other immovable things. That’s all we can do. The volcanic eruption continues, so risk avoidance is the top priority at present.

Although the world is very concerned about the secondary impact of volcanic eruptions, we still can’t answer these questions immediately to judge the specific impact of volcanic eruptions on the climate and the earth’s environment. When a volcanic eruption continues, all we can do is to avoid the current danger, and the rest can only wait for further research.

related reports

The 3-day 2 limit of stock price is also stained with the concept of prefabricated vegetables Zoneco Group Co.Ltd(002069) : relevant reports and rumors are seriously untrue!

How do you think ” Zoneco Group Co.Ltd(002069) scallops are back”?

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