According to wind data, a total of 4.334 billion restricted shares of 40 companies were listed this week, with a market value of 114.349 billion yuan at the latest closing price (the same below).
This week, three listed companies with a market value of more than 10 billion yuan were lifted, including Da Shen Lin (603233. SH), Jianyou Co., Ltd. (603707. SH) and Daimei (603730. SH).
On July 31, DASHENLIN, a pharmaceutical retail enterprise, will usher in the third anniversary of its listing, which will also be the day when its three-year share sales are lifted. At that time, 524 million shares of the companys initial restricted shares will be listed and circulated, accounting for 79.83% of the total share capital. The number of shares to be lifted will be nearly four times that of the previous one, about 38.117 billion yuan of market value.
In the face of the large-scale lifting of restricted shares, the trend of Daseins stock price was relatively stable in the market last week, which seems to be unaffected by the lifting pressure. The relatively strong trend may be related to the steady growth of Da Shen Lins performance.
After three years of listing, the revenue and net profit of Dasein have been growing for three consecutive years. Especially, 2019 is the turning point for greater ginseng forest, with accelerated performance and faster growth than expected.
In 2019, dasenlin achieved operating revenue of 11.141 billion yuan, with a year-on-year increase of 25.76%; and net profit attributable to shareholders of listed companies was 697 million yuan, with a year-on-year increase of 32.17%. In the first half of 2020, under the new epidemic situation, consumers demand for pharmaceutical retail industry will increase. In the first quarter, the companys revenue increased by more than 30%, and the net profit attributable to the shares of listed companies was 280 million yuan, with a year-on-year increase of 52.28%.
The reason for the acceleration of performance in 2019 is that the newly added 1145 stores in 2016 and 2017 will enter the profit period in 2019. At the same time, in 2019, the company added 946 stores, continuously expanding and sinking stores. There are more than 3200 o2o online stores, covering all major offline cities.
Three years ago, the issue price of Da Shen Lin was 24.72 yuan. During this period, it experienced the distribution plan of 3 shares for every 10 shares and 2 shares for every 10 shares, and the cost of issue price dropped to 15.85 yuan. The latest stock price of Da Shenlin is 72.75 yuan. If the cost of dividends is not calculated, the shareholders who have lifted the ban will gain 3.59 times from the three-year stock price increase, which is about 29.816 billion yuan of market value.
The cost of holding shares of original shareholders is usually much lower than the issue price of listed companies. Therefore, the shareholders who have lifted the ban this time have gained much more than that.
Secondly, the shareholders are scattered and there are many natural settlements.
There are four corporate shareholders, namely, Guangzhou tuohong investment limited partnership, Guangzhou Dingye investment limited partnership, Guangzhou Lianyun investment limited partnership and Guangzhou Zhiwei investment limited partnership. The rest are natural persons, of which Ke Yunfeng, Ke Jinlong and Ke Kangbao are the actual controllers of the company, as well as Ke Zhou, Liu Jingrong, Song Ming and Liang Xiao Ling, Zou Chaozhu, Wang Chunchan and several other natural person shareholders.
The more dispersed the distribution of the shares, the greater the impact on the market.
In addition, there are 10 companies that have more than twice the number of circulating shares before the lifting of the ban this week, including Daimei, dasenlin, Jingjin environmental protection (603279. SH), inbell (300681. SZ), Jiaze Xinneng, Kerui Technology (002957. SZ), Dongfang Jiasheng (002889. Sz), Weiguang Biology (002880. SZ), dashenta (603687. SH), and Guolian (603613. SH), all of which are the leaders Issuance of restricted shares to lift the ban. Due to the large increase of tradable shares, the lifting of restricted shares has a relatively large impact on their own stock prices.
From the perspective of the types of shares to be lifted, there are 16 restricted shares of the original initial shareholders, 11 shares of the targeted additional issuance institutions, 9 shares of equity incentive restricted shares, 2 general shares of equity incentive, 1 additional commitment of restricted shares listed and circulated, and 1 general share of allotment.