Performance is lower than expected + senior management reduces holding, capital panic escapes
On the news surface, Fuling pickle disclosed last nights third quarter report showed that the companys performance growth in the third quarter slowed down significantly.
In the first three quarters of this year, the company achieved a revenue of 1.798 billion yuan, a year-on-year increase of 12.09%, and a net profit of 614 million yuan, a year-on-year increase of 18.47%. In a single quarter, the company realized a revenue of 601 million yuan in the third quarter, with a year-on-year increase of 15.88%, and a net profit of 209 million yuan to the parent company, with a year-on-year increase of 3.01%. The profit was lower than the market expectation, which was mainly related to the increase of the cost of green vegetables, the decrease of investment income and the increase of sales expenses.
On October 21, Fuling mustard also issued a pre disclosure announcement on the reduction of shares held by some directors and supervisors. The two major shareholders with a total shareholding ratio of 0.5% intend to reduce their holdings of no more than 730000 shares of the company in the next six months, with the reduction ratio of no more than 0.0924%.
Institutions are still optimistic about Fuling mustard
Since the listing of Fuling pickle company, the companys stock price has been increasing by 10% in recent years.
During this years epidemic, the companys share price soared all the way. At the beginning of September, the companys stock price reached a record high of 56.24 yuan. The stock price rose 165% and the latest market value reached 35 billion yuan. The stable stock price and fundamental performance made Fuling pickled vegetables popular with institutional investors. Among the top ten circulating stocks, investors such as social security fund, Lu Gu Tong, Huijin Company, fund, asset management and other investors appeared, The top ten circulating shareholders accounted for 56.78% of the total shares.
Although the latest fiscal quarter performance is lower than expected, most institutions are still firmly optimistic about the future stock price trend of the company. In addition, the company is expected to see a steady increase in the fourth quarter of this year, as well as a steady increase in the net price of securities in the fourth quarter of this year, and the fund raising channel is expected to see a steady decline in the fourth quarter of this year.
Fuling mustard also dragged down the food processing plate todays stock price performance. By midday, Shenwan food processing index fell 1.52%, the second new shares of Ganyuan food fell 9.71%, yanjinpu fell 5.52%, Shuanghui development and Tianrun Dairy Co., Ltd. fell more than 4%.
Due to the early accumulation of large increases, the recent large consumer plate callback, early consumer stock trend again appeared differentiation. Liquor index reached a record high. Due to sales exceeding expectations, beer stocks rose collectively, Huiquan beer rose, Yanjing beer and Lanzhou Huanghe rose more than 5%.
Regulatory action, convertible bond transactions are still hot
In the morning, the Shanghai Composite Index fluctuated slightly, closing up 0.13%, Shenzhen composite index down 0.35%, gem once rose more than 1%, and then dived in the session, closing down 0.49%. In terms of the industry, the financial sector strengthened again today, with the Shenwan bank index up 1.75%, leading the two markets. All stocks in the board closed red, and Ping An Bank rose 5.24%. The share price reached a new high in the session. Textile and clothing, pharmaceutical and biological industries fell first.
The recent fire in the convertible bond market in the early days of ice and fire. Smart convertible bonds rose 86.86% and traded 12.735 billion yuan in half a day. Yinhe convertible bonds rose 51.18% and the half day turnover rate exceeded 62 times, while its main stock, Yinhe, fell 3.12% in early trading. More than 30% increase in convertible bonds, trading sentiment is still high.
The popularity of convertible bonds has aroused the concern of the regulatory authorities. Last night, Zhengyuan wisdom, the principal shareholder of Zhengyuan convertible bonds, received a letter of concern from the Shenzhen Stock Exchange, and the trading of stocks and convertible bonds was suspended from October 23, which was the first case that the regulatory authorities formally took measures to control the soaring market of convertible bonds. The letter of concern said that it was concerned about the abnormal fluctuation of Zhengyuan convertible bonds, and required Zhengyuan wisdom to conduct self-examination on the companys operating conditions, merger and acquisition matters, and analyze the price trend of the companys stocks and convertible bonds. Today, some of the convertible bond market diving, Haer convertible bond, Shenglu convertible bond, etc. fell more than 10%. (fan Luyuan, databao) source: Securities Times editor in charge: Yang Bin_ NF4368
Today, some of the convertible bond market diving, Haer convertible bond, Shenglu convertible bond, etc. fell more than 10%. (fan Luyuan, databao)