Jilin Aodongs 2.2 billion yuan stock speculation increased securities investment of several listed companies

category:Finance
 Jilin Aodongs 2.2 billion yuan stock speculation increased securities investment of several listed companies


In the recent background of A-share market overall hot, stock speculation has become a favorite sideline of listed companies. However, throughout the history of A-share listed companies, there are not a few who have lost their money. In the first quarter of this year, there were dozens of listed companies performance downturn due to stock speculation, and the risks involved should not be overlooked.

Listed companies favor securities investment

According to Jilin Aodong, the 2.2 billion yuan limit of the companys securities investment management can be recycled, and the investment scope mainly includes IPO, additional issuance of listed companies, allotment of shares, equity investment of companies to be listed, treasury bonds, stocks, funds, etc. Prior to that, Jilin Aodong announced in April 2019 that the amount of securities investment management of the company was 1.5 billion yuan.

It is worth mentioning that Aodong, Jilin Province, is not an example. On July 14, Jinan Guoji announced to adjust its securities investment quota from no more than 200 million yuan to no more than 500 million yuan. The company said that it will adopt a diversified, market-oriented and mature investment mode to improve the efficiency of the companys capital utilization, so as to bring better benefits to the company and improve the companys performance.

In addition, Kunlun wanwei (300418, SZ; yesterdays closing price of 26.36 yuan) announced on July 2 that under the condition of ensuring that the normal development of the companys main business was not affected, the board of directors agreed that the company and its holding subsidiaries should use idle self owned funds of no more than 200 million US dollars for securities investment. The investment term shall be valid within 12 months from the date of deliberation and approval by the board of directors of the company. Dongfang Zhongke (002819, SZ; yesterdays closing price of 26.68 yuan) turned its eyes to the new third board. The company announced on July 1 that the board of directors agreed that the company would use its own idle funds of no more than 50 million yuan to invest in the new third board securities under the premise of ensuring the capital demand for daily production and operation and effectively controlling risks.

Chenming Paper (000488, SZ; yesterdays closing price of 5.67 yuan) released its securities investment management system on June 20, and announced that it would use no more than 200 million yuan of funds for securities investment this year. On June 17, Sanxiong Aurora (300625, SZ; yesterdays closing price of 16.36 yuan) announced that the board of directors agreed that the company and its holding subsidiaries should use idle self owned funds of no more than 200 million yuan (including 200 million yuan) for securities investment.

If we go back further, there are a number of Listed Companies in this round of market rise before the precise increase position. On May 30, Jinhe industry (002597, SZ; yesterdays closing price was 33.48 yuan) announced that the board of directors of the company had deliberated and passed the proposal, agreeing that the company should use its own idle funds of no more than (including) 800 million yuan for securities investment. Fangda carbon (600516, SH; yesterdays closing price of 6.91 yuan) announced on May 12 that it plans to increase the investment limit of 500 million yuan on the investment amount approved by the 13th interim meeting of the seventh board of directors, and adjust the investment amount of financial securities of the subsidiary company to no more than 2.5 billion yuan.

The risk of stock market should be on guard

However, it needs to be pointed out that in recent years, listed companies have suffered losses in stock speculation, which has led to a lot of performance being dragged down. For example, Shanghai Lexus (002252, SZ; yesterdays closing price of 9.90 yuan) failed in stock speculation, resulting in a net profit loss of more than 1.5 billion yuan in 2018. Since then, Shanghai Lexus announced publicly that the company will no longer participate in new securities investment, and the original securities investment will gradually withdraw at an appropriate time in the future. In the future, it will no longer conduct securities investment. The companys strategy and development will focus on the main business of blood products and the deep cultivation and refinement of biological products related industries.

Daily economic news reporter noted that many listed companies because of the stock market failure to their business performance has brought negative impact. As of April 26, 461 A-share listed companies had predicted their first loss in the first quarter, and 30 of them had lost due to stock speculation, according to a report by China News Jingwei at the end of April.

For example, Huamao shares (000850, SZ; yesterdays closing price of 3.75 yuan), the companys first quarter net profit loss of 169 million yuan, a year-on-year decrease of 139.90%. The main reason for the companys loss is that the profit and loss of fair value changes caused by holding trading financial assets, derivative financial assets, trading financial liabilities and derivative financial liabilities, as well as the investment income obtained from the disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other creditors rights investment is -168 million yuan. In addition, zhidu shares (000676, SZ; yesterdays closing price was 8.66 yuan), molding technology (000700, SZ; yesterdays closing price was 7.97 yuan), and other listed companies also fell behind in securities investment in the first quarter of this year. Economist song Qinghui told the daily economic news that for listed companies, securities investment is only a sideline business, and investment always has risks. Once the operation is not careful, it may lose everything. Therefore, the listed companies should focus on the development of their main business, and should not lose the big for the small. Taking Shanghai Laishi as an example, after quitting stock speculation, the companys performance quickly recovered. In 2019, the companys net profit will reach 608 million yuan, a year-on-year increase of 140%. In the first quarter of this year, Shanghai Lexus achieved a net profit of 311 million yuan, a year-on-year increase of 41.97%. Source of this article: Yang Bin, editor in charge of daily economic news_ NF4368

For example, Huamao shares (000850, SZ; yesterdays closing price of 3.75 yuan), the companys first quarter net profit loss of 169 million yuan, a year-on-year decrease of 139.90%. The main reason for the companys loss is that the profit and loss of fair value changes caused by holding trading financial assets, derivative financial assets, trading financial liabilities and derivative financial liabilities, as well as the investment income obtained from the disposal of trading financial assets, derivative financial assets, trading financial liabilities, derivative financial liabilities and other creditors rights investment is -168 million yuan. In addition, zhidu shares (000676, SZ; yesterdays closing price was 8.66 yuan), molding technology (000700, SZ; yesterdays closing price was 7.97 yuan), and other listed companies also fell behind in securities investment in the first quarter of this year.

Economist song Qinghui told the daily economic news that for listed companies, securities investment is only a sideline business, and investment always has risks. Once the operation is not careful, it may lose everything. Therefore, the listed companies should focus on the development of their main business, and should not lose the big for the small.

Taking Shanghai Laishi as an example, after quitting stock speculation, the companys performance quickly recovered. In 2019, the companys net profit will reach 608 million yuan, a year-on-year increase of 140%. In the first quarter of this year, Shanghai Lexus achieved a net profit of 311 million yuan, a year-on-year increase of 41.97%.