Therefore, Jinfa technology believes that the contract order has actually been terminated.
On the afternoon of August 9, the relevant person in charge of Jinfa technology said that the order was carried out in strict accordance with the contract, because the other party did not pay the down payment, the order has not yet started production.
The company may not have lost money, but the 120000 shareholders of Jinfa technology dont think so. What about another 50% increase in this years performance?
What 130000 investors are worried about is still happening
Agreed to pay in three days?
Affected by this news, on May 18, the stock price of Jinfa technology was up and down, with a turnover of 888 million yuan and a closing price of 13.34 yuan / share.
However, a week later, Golden Development announced that the United States had to postpone the advance payment due to fund collection and large payment process.
On the evening of June 10, Jinfa technology disclosed the progress of the order again. According to the buyers feedback, the transaction is planned to be paid through the trust fund. There are many authorization procedures and legal compliance reviews involved in fund collection and large amount payment, which has affected the progress of payment. The buyer said that its professional team is still accelerating the payment process.
Two months later, just as most shareholders thought the order had begun to be fulfilled. Jinfa technologys announcement of the termination of a contract made all shareholders completely dumbfounded.
In fact, at the beginning of May, affected by BYDs $1 billion order, many investors worried about Jinfa technologys encounter with immortal leaps.
However, most investors still hold a glimmer of hope.
China Daily reported bad news the night before
Nearly 130000 shareholders are confused
According to the previous arrangement, Jinfa technology will release its performance report for the first half of 2020 on August 11.
Before that, Jinfa technology released a performance forecast on July 12, which predicted that the net profit attributable to shareholders of listed companies would be 2.345 billion yuan to 2446 billion yuan in the first half of 2020, an increase of 1.835 billion yuan to 1.936 billion yuan, an increase of 359% - 379% compared with the same period of last year.
The main reason is that in the first half of 2020, the gross profit rate of modified plastic products increased steadily, the sales volume of fully biodegradable plastics and special engineering plastics increased steadily, and the operating profit increased. At the same time, the company increased the production line of anti epidemic materials and products such as melt blown material, melt blown cloth and mask, which played a positive role in the companys performance.
Although there is such a beautiful performance expectations, but in the face of the long-awaited 6.9 billion single, 130000 shareholders have been unable to calm down.
Many investors in the stock bar has begun to mind the word limit.
However, some shareholders believe that China Daily reported bad news the night before and should take the opportunity to absorb chips. There are also investors who believe that the rise and fall of blonde technology has nothing to do with masks, and degradable plastic is its real theme.
Plastic restriction order to be implemented
Jinfa science and technology station is the real outlet
Although shareholders have been in the stock bar has been noisy crazy, but calm down to analyze, but found that golden hair technology is not really a mask concept stock.
According to the annual report of 2019, the main business of Jinfa technology is modified plastics, accounting for 99.14% of the revenue.
From the stock price point of view, golden hair technology from the rush to start melt blown cloth, masks and other production lines, to announce the signing of large orders in the United States, the range of increase is only about 60%. However, the real concept of masks, dawn shares, rose six times at the beginning of the year.
In the second half of the year, most of the mask concept stocks stopped cooking. Since July, Goldilocks has seen a surge of growth.
In general, from next year, non degradable plastic shopping bags will be banned in shopping malls, supermarkets and other places in built-up areas of municipalities directly under the central government, provincial capitals and cities with separate planning. At the same time, the use of disposable plastic cotton swabs and disposable foam plastic tableware is prohibited.
With the provincial plan to introduce the deadline approaching, the relevant degradable plastics stocks ushered in a rise. Golden hair, known as the king of biodegradable plastics, also stubbornly maintained a 1.64% rise in Fridays slump.
According to public information, Jinfa technology is the largest modified plastic production enterprise in Asia Pacific region, and now has a fully biodegradable plastic production capacity of 71000 tons / year. According to the relevant announcement of the company, it also has a PBAT (a new type of biodegradable plastic) production line with an annual output of 60000 tons, which is expected to be completed in the first half of 2021, with an annual output of 30000 tons of PLA (a kind of polymer produced by polymerization with lactic acid as raw material) The production line is expected to be completed in the fourth quarter of 2021. At present, wind software has listed Jinfa technology, Yifan pharmaceutical, Yangnong chemical, Haizheng pharmaceutical, Qixiang Tengda and * ST Zhaoxin as degradable plastics concept stocks. In addition, Jindan technology, Tongcheng new materials also belong to the above concept stocks. It doesnt matter if the order is gone. Maybe the real outlet has just come Source: China Fund News Editor in charge: Yang Bin_ NF4368
According to public information, Jinfa technology is the largest modified plastic production enterprise in Asia Pacific region, and now has a fully biodegradable plastic production capacity of 71000 tons / year. According to the relevant announcement of the company, it also has a PBAT (a new type of biodegradable plastic) production line with an annual output of 60000 tons, which is expected to be completed in the first half of 2021, with an annual output of 30000 tons of PLA (a kind of polymer produced by polymerization with lactic acid as raw material) The production line is expected to be completed in the fourth quarter of 2021.
It doesnt matter if the order is gone. Maybe the real outlet has just come