It is worth noting that TCL technologys shareholding ratio has been maintained at 19.07% since its listing.
Since the listing in early 2018, in addition to the Convention performance of new shares just after listing, the biggest wave of stock market growth in July 12 is from the beginning of June to the beginning of August this year. During the period, the overall performance of military industry stocks was also quite strong, with a rise of 34.05% in just two months.
As the military market entered the adjustment period, 712 also began to fall in the near future. By the end of the day, the stock had dropped nearly 25.6% from its high.
Data shows that 712s main business includes military wireless communication, civil wireless communication and environmental monitoring. Guosheng Securities Research Report shows that the company is one of the few leading enterprises in China to achieve full coverage of military wireless communication equipment.
In terms of performance, the companys revenue in the first half of this year was 840 million yuan, with a year-on-year growth of 16.1%; the net profit attributable to the parent company was 100 million yuan, with a year-on-year increase of 52.7%.
Song Jiaji of Guosheng Securities said in this comment that the companys performance growth in the first half of the year exceeded expectations, and the net profit increased greatly. The main reason is that the company has made breakthroughs in the development of a number of products in the military field, the market demand is good, and a number of orders have been signed in the civil field, and the market share has gradually increased.
In order to focus on the core business and reserve strategic funds, TCL technology plans to reduce the number of shares of the company by no more than 46.32 million shares, and the reduction ratio is no more than 6% of the total share capital.
According to the data, as of this years interim report, the number of 712 shareholders reached 21338.
Source: CFA editor in charge: Zhong Qiming_ NF5619