*ST ShangpuHoldingshareholderFor China Putian Information Industry Co., Ltd., the actual controller of the State Council SASAC was released on the evening of January 11.announcementDue to the company's three consecutive years of losses from 2015 to 2017, the company's A shares and B shares have been suspended from listing on May 29, 2018.
In the first three quarters of 2018, the company lost another 111 million yuan, and its main profitability did not improve significantly in the fourth quarter. It is expected that the company will operate in 2018.PerformanceStill losing money, the company's stock may be terminated. As a result, *ST Shangpu became the first state-owned company to announce the risk of listing at the end of this year, and it is also the third ST company to announce this risk this year.
On the same day,*ST HairunIt also issued the “Prompt Announcement on the Risk of Termination of Listing”. The company expects a loss for the whole year of 2018. According to relevant regulations, the company's stock may be terminated by the Shanghai Stock Exchange.
In 2018, including*ST Huaze,*ST Zhonghe4 companies including *ST Shangpu and *ST Hairun suffered a suspension of listing. Due to the lowest annual loss of *ST Shangpu, *ST Hairun's shell operation is the most frequent and has been regarded as the easiest to achieve by the market. The two companies that turned over; with the appearance of the two *ST companies' termination of the listing risk warning announcement, the probability of the four ST-type stocks that were suspended from listing last year was rapidly increasing.
If the four suspend-listed stocks are "overwhelmed", no one can regenerate and return to A-shares in 2019, which is the first time in the A-share market in recent years. Prior to this, investors will be gambling to resume the listing of excess returns will no longer work, and even some of the "super Niu San" in these four companies all "in the middle of the trick."
First, the first full retreat?
Since the beginning of 2019, the four ST companies that were suspended from listing last year have all issued the "Announcement on the Risk Warning of the Company's Stock Ending Listing".
On the evening of January 4, *ST Huaze announced that it is expected to lose 1 billion to 1.3 billion yuan in 2018. The company has been losing money for three consecutive years and has been suspended. The forecast loss in 2018 will touch the conditions for termination of listing, and the company also disclosed the risk warning that it may terminate the listing.
On January 9, *ST Zhonghe announced that the price of the new energy lithium battery industry in which the company is located in 2018 is still fluctuating downwards. The company's main business has not improved significantly; the people's court has not accepted the reorganization application submitted by the creditors, the company's debt The burden is heavier and the financial expenses are higher. It is expected that the company's annual operating performance loss in 2018 and the company's net assets at the end of the period will be negative, and there may be cases in which the stock exchanges are terminated by the Shenzhen Stock Exchange.
Then, on the evening of the 11th, *ST was first made clear, and in the first three quarters of 2018, the company belonged to the shareholders of the listed company.Net profitOn the basis of this, the company's main profitability did not improve significantly in the fourth quarter of 2018. It is expected that the company's annual operating results in 2018 will still be lost, and the company's stock may be terminated.
*ST Hairun also announced the announcement tonight. Since the 2016 and 2017 financial accounting reports have been issued by Dahua Certified Public Accountants (special general partnership) for two consecutive years, the company has issued an audit report that cannot express opinions. The company's stock since May 29, 2018 From time on, it was suspended from listing. The company expects a loss for the whole year of 2018. According to relevant regulations, the company's stock may be terminated by the Shanghai Stock Exchange.
Judging from the previous three quarters of the company's earnings report, the largest amount of losses, more than 1 billion yuan, has also been considered by the market as the "difficult to turn over" the largest company. However, last year the company carried out the first major shareholder change and asset disposal. At the same time, Meng Guangbao, the former chairman who was impeached, returned to the listed company in another way. A series of measures were regarded as the company’s efforts to protect the shell. Lift. However, the company made clear tonight that the company's accumulated losses in the first three quarters of 2018 were RMB 1.848 billion. There are many uncertainties in the development of the photovoltaic industry in which the company is located. The company's main business has not improved significantly. The manufacturing base is basically in a state of suspension. In the process, the company has experienced a large number of litigation disputes and overdue debts, and a large number of financial expenses have not been effectively resolved. It is only a matter of time before the company triggers the termination of the listing of the red line.
In summary, the probability of the four ST companies that were suspended from listing last year is rapidly increasing, which is the first time in recent years.
Second, the cattle scattered depression
Many companies facing delisting have been significantly downgraded by institutions. Taking *ST Huaze as an example, when the closing price of *ST Huaze was 3.31 on the last trading day before the suspension of listing, on April 27, 2018, many institutions lowered their valuation to 0. If all four stocks fall, more stocks will be added to the camp whose valuation has been reduced to zero in the future.
According to the latest disclosure of shareholder data, *ST Huaze currently has 67,000 shareholders, *ST Zhonghe is 61,000, *ST Shangpu is 36,000, and *ST Hairun is up to 242,000, which means Nearly 410,000 shareholders or buried.
Not only do many retail investors who have re-listed the proceeds of the re-listing will be deeply involved, but many of them are also "shorting."
Chen Qingtao is a typical representative of it. As of the third quarter of 2018, Chen Qingtao ranked as the seventh largest tradable shareholder of *ST Huaze with the shareholding of 1.19 million shares, and ranked the sixth largest tradable shareholder of *ST on the top of the list with 10.1 million shares, to 10.22 million The shares ranked as *ST Hairun's sixth largest tradable shareholder, and the number of shares held by 20 million shares was ranked by *ST Zhonghe and the second largest tradable shareholder.
For his own love of *ST stocks, Chen Qingtao has publicly stated that "the market has its own laws and needs. China's domestic demand is very strong, and many domestic enterprises need the support of the capital market. New and old investors want to get in the capital market. Lee, we must study more, mine in the mines, do not chase high." Visible low prices, low is one of its investment philosophy. However, from the current signs, this investment philosophy is extremely likely to encounter Waterloo this year.
It is worth noting that for companies that have suffered losses for many years, the final judgment is subject to the decision of the exchange to terminate the listing of the company's shares within fifteen trading days after the date of the company's disclosure of the 2018 annual report. Therefore, although the risk of delisting of these companies' stocks has increased greatly, the final trial still has to be the most talented in the middle of 2019.
(Article source: Securities Times Network)