The first “demon stock” of the Year of the Tiger comes,Zhejiang Construction Investment(002761.SZ) rose nearly 150% this month. From February 7 to 18, 10 trading days, there are 9 trading days daily limit.
As the saying goes, “there are many right and wrong” in demon stocks,Zhejiang Construction InvestmentNot only the stock price fluctuates abnormallyannouncementAccounts receivable risk is indicated, and debt ratio risk is also indicated. However, all this is difficult to stop the bull trend. On February 18, the exchange also sent a letter to pay attention.
It is worth mentioning that the exchange requiresZhejiang Construction InvestmentCheck and reply, whether the company’s unpublished annual report information is provided to a third party other than the annual audit accounting firm, and whether there is any violation of fair disclosure of information.
In addition, supplementary disclosure is also required, Zhejiang Jiantou Holding Co., Ltd.shareholderWhether the actual controller, directors, supervisors, senior managers and their immediate family members have traded the company’s stocks, and whether there is suspected insider trading.
The hot money hype behind the bullmain force
The Year of the Tiger is approaching, and the A-share trading time is less than a month, and the “Demon King” is here.
On February 18, Zhejiang Jiantou reached the daily limit again, with a high three consecutive boards, and the transaction amount was as high as 1.877 billion yuan. Since February, Zhejiang Jiantou has risen nearly 150%.
The reporter of “Daily Economic News” reviewed the stock price trend of Zhejiang Jiantou, which has some similarities with the previous small-cap capital promotion.
Zhejiang Jiantou has a circulating share capital of 243 million yuan and a circulating market value of 4.692 billion yuan. The daily turnover rate of the company’s shares remained high, ranging from 16% to 41%.
More importantly, inDragon Tiger ListOn the one hand, Zhejiang Jiantou is behind the stranglehold of hot money, and there are few institutions. Not all the hot money on the list are unknowns, and well-known hot money business offices that are keen on short-term transactions are listed.
For example, on February 17, Huaxin Shenzhen Yitian Road Sales Department, Everbright ShenzhenKanedaThe road business department has bought the top five seats in Zhejiang Jiantou, the second largest in Shenzhen.KanedaThe Road Sales Department is selling two more seats.
Zhejiang Jiantou’s share price “going demon” has also attracted regulatory attention. The Shenzhen Stock Exchange stated that from February 14 to 18, the “Zhejiang Construction Investment” “Zhejiang Construction Investment”, which has experienced an abnormal increase in recentHangzhou Garden“The focus was on monitoring.
Zhejiang Construction Investment’s main business is construction, although revenue andnet profitSteady growth last year, but business grossinterest rateBut not high. The hype logic behind the company is really incomprehensible.
The regulatory concern is whether the annual report information is leaked
In the process of hype, Zhejiang Jiantou also issued an announcement of abnormal fluctuations to cool down.
On February 17th,Company AnnouncementIt was also mentioned that as of September 30, 2021, the company’s accounts receivable was 31.89 billion yuan, and the bills receivable was 2.75 billion yuan,contractThe assets are 21.43 billion yuan, and the total value of accounts receivable, notes receivable and contract assets is 56.07 billion yuan, accounting for 58.59% of the current total assets.The company will make provision for impairment of the relevant receivables in accordance with the accounting standards, and based on the audit situation, timely and fully assess and disclose the above risk factors.Financial StatementsImpact. At the same time, from January to September 2021, the net cash flow from the company’s operating activities was -3.78 billion yuan.
In addition, Zhejiang Jiantou mentioned that the company’s construction industry has a relatively high asset-liability ratio. As of September 30, 2021, the company’s asset-liability ratio was 91.42%, which was higher than the average level of listed companies in the same industry.
And this suggests that the risk announcement is still difficult to stop the market momentum, and the exchange also quickly issued a letter of concern.
On the 18th, the Shenzhen Stock Exchange issued a letter of concern, asking it to confirm whether there is any material information that should be disclosed but not disclosed, and whether there have been major changes in the company’s fundamentals.
It is worth mentioning that the Shenzhen Stock Exchange also requires the company to check and reply, whether the unpublished annual report information is provided to a third party other than the annual audit accounting firm, and whether there is any violation of the fair disclosure of information.
On February 17, Zhejiang Jiantou stated in its stock change announcement that the undisclosed regularperformanceInformation is not provided to third parties other than the accounting firm auditing the company.
In addition, the Shenzhen Stock Exchange also requires supplementary disclosure of whether the controlling shareholder, actual controller, directors, supervisors, senior managers and their immediate family members of Zhejiang Jiantou Company have traded the company’s stock, and whether there is suspected insider trading.
Although Zhejiang Jiantou did not disclose its annual report, the company previously disclosed its main operations in the fourth quarter of the past year. From January to December 2021, the company’s cumulative newly signed contracts amounted to RMB 150.023 billion, an increase of 7.14% over the same period of the previous year.
In particular, last year’s industrial manufacturing business and other engineering-related businesses increased by 22.55% and 32.16% year-on-year respectively compared with the previous period. However, the disclosure date of the announcement was mid-January, and there is still a time gap before the start-up period of Zhejiang Jiantou.
(Article source: Daily Economic News)
