Just one day after the lifting of the ban, the shareholders of these 8 science and Technology Innovation Board companies cashed in nearly 6.8 billion yuan

category:Finance
 Just one day after the lifting of the ban, the shareholders of these 8 science and Technology Innovation Board companies cashed in nearly 6.8 billion yuan


Photo by Xiong Jiali of new longitude and latitude in the data map

At least double the cash return of shareholders

Among them, the stock price of Lexin technology has risen the highest, reaching 116.15%. That is to say, if only calculated by the issue price, the shares held by LOXin technology shareholders this time can achieve at least double the income. According to the announcement, the companys third largest shareholder, shinvest Holding Ltd., plans to reduce its shareholding of no more than 3% of the companys total share capital.

From the performance point of view, wind data shows that at present, a total of four companies have disclosed the performance forecast for the first half of 2020, and they all expect that the net profit will decline sharply.

Among them, the net profit of Jiayuan technology is expected to decline by 60.89% - 73.06%, rongbai technology by 47.75% - 65.17%, Guangfeng technology by 74.53% - 83.02%, and Xinguang Optoelectronics (the company also expects to have a loss in the first half of the year) is expected to decline by 181.61% - 197.16%.

From the performance of the first quarter of 2020, the net profit of all the above-mentioned eight companies has declined, of which Hanchuan intelligent is the largest one. The company is mainly engaged in the R & D, design, production, sales and service of intelligent manufacturing equipment in automobile electronics, medical health, new energy batteries and other industries. The net profit of the first quarter of this year has declined by 1261.56%.

The share reduction ratio of Western superconductor is as high as 14%

Among the 8 Kechuang board companies which were reduced by shareholders, the proportion of shares reduced by shareholders and the amount of shares reduced by shareholders ranked first.

According to the announcement, CITIC metal, Shenzhen Venture Capital, Shaanxi growth emerging and Shaanxi growth new materials plan to reduce their total shares of no more than 14%. Based on the closing price on July 23, the market value of Xian superconductor in the above-mentioned eight companies is the highest, which is 14.968 billion yuan, and the amount reduced by shareholders reaches 2.096 billion yuan.

CITIC metal is the second largest shareholder of Western superconductor and currently holds 15.56% of the shares of Western superconductor. The shareholder said the reduction was to supplement the companys operating capital.

It is found that among the shareholders of the above eight companies, most of them are investment institutions, and a few of them are natural person shareholders. It is worth noting that among the five shareholders who intend to reduce their holdings of Wald, in addition to two investment institutions, there are also three directors and senior executives of walde.

According to Walds announcement, Tang Wenlin, director and deputy general manager of the company, Li Shuhui, deputy general manager and chief financial officer of the company, and Zhang Zongchao, chairman of the board of supervisors of the company, intend to reduce their holdings of no more than 1.98% of the companys shares.

Wind data shows that Wald is mainly engaged in the R & D, production and sales of all kinds of high-end superhard cutting tools and superhard material products, and the products are applied in consumer electronics, automobile manufacturing, engineering machinery, aerospace, energy equipment and other industries. In the first quarter of 2019 and 2020, the companys revenue decreased by 2.76% and 20.18%, and the net profit decreased by 9.47% and 22.39% respectively.

How to look at the lifting and reduction of the ban of science and Technology Innovation Board companies?

July 22 marks the first anniversary of the opening of the science and technology innovation board and the listing of the first 25 companies listed on the board. On that day, a total of 3.147 billion shares of the 25 science and Technology Innovation Board companies were lifted, with a total market value of more than 180 billion yuan. The eight companies that announced the shareholder reduction plan on July 23 are among the 25 companies mentioned above.

And just one day after the ban was lifted, eight sci tech Innovation Board companies released plans to reduce their shareholdings. In this regard, many investors are worried that the news of the reduction will lead to a decline in the share prices of relevant stocks, and the lifting of the ban on a large number of restricted shares on the science and technology innovation board may also put pressure on the market as a whole.

One is to look at the market value, the number and the number of shareholders involved. Generally speaking, the greater the market value, the more the number of shareholders involved, the greater the pressure on the stock price.

The second is to look at the types of restricted shares holders. Generally speaking, the restricted shares can be divided into three types: the initial restricted shares of the original shareholders, the placement shares of the private placement institutions, and the equity incentive restricted shares. Investors can estimate the impact of the lifting of the ban by thinking about the holders desire to reduce their holdings.

The third is to look at the income from the lifting of the ban. Generally speaking, the greater the increase in the current price compared with the cost price, the greater the incentive for shareholders to reduce their holdings. The cost price of the original shares is usually much lower than the market price, and the higher the motivation of the relevant shareholders to reduce their holdings.

However, CITIC Securities believes that, from the market level, because the stock market is not controlled by a single factor, and the lifting of the ban does not mean that shareholders can reduce their holdings at will, the lifting of the ban is not a flood in the market.

CITIC believes that investors need to pay special attention to the lifting of the first batch of sci-tech innovation board this week (July 20-July 26). Due to the considerable increase in the market of science and technology innovation board, the floating profit of relevant institutions and shareholders is relatively large, and the willingness of institutions to reduce holdings may be strong, which will have a more obvious impact on the science and technology innovation board in the short term. However, the agency also said that the impact of the lifting of the ban will be short-term. In 2010, there was a centralized lifting of the ban on the gem, and then the market went out of the V-shaped reversal. In addition, after July, the scale of the ban lifting of the science and Technology Innovation Board market was relatively small, and the disturbance to the market was relatively limited. It is expected that the market before and after the lifting of the ban will be similar to that in 2010, and the science and Technology Innovation Board will continue to drive the market upward. (Zhongxin Jingwei APP) (the views in this paper are for reference only and do not constitute investment suggestions. Investment is risky, so it is necessary to be cautious when entering the market. uff09Source: editor in charge of Sino Singapore Jingwei: Wang Xiaowu_ NF

However, the agency also said that the impact of the lifting of the ban will be short-term. In 2010, there was a centralized lifting of the ban on the gem, and then the market went out of the V-shaped reversal. In addition, after July, the scale of the ban lifting of the science and Technology Innovation Board market was relatively small, and the disturbance to the market was relatively limited. It is expected that the market before and after the lifting of the ban will be similar to that in 2010, and the science and Technology Innovation Board will continue to drive the market upward. (Zhongxin Jingwei APP)

(the views in this paper are for reference only and do not constitute investment suggestions. Investment is risky and should be cautious when entering the market. )