The recent performance of highland barley wine is quite exciting. From November 11, six trading days have been recorded, with an accumulative increase of 78.08%. The market value has increased by nearly 4 billion yuan, which is only one limit short of the market value of 10 billion yuan. Among them, the latest price of 20.23 yuan on November 19 has been the highest since March 30, 2017.
In this regard, on the evening of November 19, the highland barley wine, whose share price has soared in recent days, received a letter of concern issued by the regulatory authorities.
According to the notice letter of Shenzhen Stock Exchange, the stock price of highland barley wine has increased greatly in recent years. According to the provisions on announcement format of abnormal fluctuation of stock trading in guidelines for business handling of listed companies No. 11 - announcement format of information disclosure, relevant matters shall be paid attention to and verified to confirm whether there is any major information that should be disclosed but not disclosed, and whether the companys fundamentals have changed significantly.
In terms of financial data, according to the third quarter report of 2020 of highland barley wine, the net profit attributable to shareholders of Listed Companies in the first three quarters was - 64.3126 million yuan, a year-on-year decrease of 333.60%. Shenzhen stock exchange requires highland barley wine to check whether the company should timely carry out performance forecast according to article 11.3.1 of the stock listing rules (revised in 2018). If so, timely disclose and risk prompt according to relevant regulations.
The Shenzhen Stock Exchange also requires highland barley wine to give a detailed description of the recent survey conducted by reception institutions and individual investors, and whether there is any violation of the principle of fair disclosure in accordance with the relevant provisions of the guidelines for the standardized operation of listed companies (revised in 2020). The above verification shall be replied to the management department of SME board and disclosed to the public before November 23, and copied to the supervision department of listed companies of Qinghai securities regulatory bureau.
Prior to that, for the rising share price, highland barley wine had issued two announcements on abnormal volatility of stock trading after trading on November 9 and November 17 respectively.
Performance deviates from stock price
According to the financial report, in the first three quarters of 2020, the revenue of highland barley wine was 546 million yuan, a year-on-year decrease of 33.89%; the net profit was - 64.3126 million yuan, a year-on-year decrease of 333.60%, from profit to loss. In the first three quarters of this year, the company achieved revenue of 546 million yuan, a year-on-year decrease of 33.89%; net profit was a loss of 64.3126 million yuan, a year-on-year decrease of 333.6%. The companys revenue in the third quarter was 192 million yuan, a year-on-year decrease of 32.45%; the net profit was a loss of 29.2461 million yuan, a year-on-year decrease of 675.51%.
In addition, in the past month, the companys top management personnel changes frequently and the controlling shareholders reduction.
Since late October, Yang quanke, the supervisor of highland barley wine, and Zhang Fenjun, deputy general manager, have resigned for personal reasons. Among them, Yang quanke still holds a post in the company after resigning as the supervisor of the company, while Zhang Fenjun no longer holds any post in the company and its branches after his resignation.
At the same time, Qinghai Huashi investment, the controlling shareholder of highland barley wine, reduced the companys 4.5288 million shares through centralized bidding and block trading system from August 25 to October 16, accounting for 1.0064% of the companys total share capital. The amount of cash reduced was about 47.32596 million yuan.
Alert to short-term speculation of third and fourth line liquor
Recently, the rise of small wine enterprises is mainly due to three reasons
1) Since the beginning of the year, market attention has mainly focused on high-end and secondary high-end leading companies, with low expectations for small liquor enterprises. In the third quarter, the third and fourth tier liquor companies generally improved on a month on month basis, and their revenue and profit basically recovered to double-digit growth in the third quarter, and the performance realization caused market attention. However, from the third quarter report to April next year, there was a performance vacuum period, plus the first half of next year The potential performance elasticity brought by low base number has been favored and hyped by funds;
2) Recently, the market style has been disturbed, and some funds have been flowing into the liquor sector which has always had the defense function in history, boosting the sentiment of the plate. At present, the market has spread from the liquor leader to the third and fourth line small liquor enterprises, yellow rice wine, wine and other wine sectors; 3) Jiugui Liquors internal ginseng liquor has performed better after the epidemic, becoming the little black horse of liquor this year; Jinhui liquor has recovered The acquisition of star group makes the liquor industry and high-quality liquor enterprises get the favor of capital, which is a process of value mining and sets a plate benchmark. From the dimension of fund selection, some investors began to look for some potential targets with Jiugui Liquor and Jinhui liquor. China Galaxy pointed out that the third and fourth line liquor is in a short-term overheated speculation state, and there is still a large downward risk. If Guizhou Maotai, as a top quality company, acts as a safe haven and quasi bond pricing anchor when it is abundant in capital, then the recent stock price surge of the vast majority of third and fourth tier liquor companies is just pure fund speculation. Source: Chen Hequn, editor in charge of Finance and Economics_ NB12679
2) Recently, the market style has been disturbed, and some funds have been flowing into the liquor sector which has always had the defensive function in history, boosting the sentiment of the plate. At present, the market has spread from the liquor leader to the small liquor companies in the third and fourth line and other liquor sectors such as yellow rice wine and wine;
3) Jiugui Liquors internal ginseng liquor has performed better after the epidemic, becoming the little black horse of liquor this year; Jinhui liquor was acquired by Fosun Group, which made the liquor industry and high-quality liquor enterprises get the favor of capital, which is the process of value mining and sets a plate benchmark. From the dimension of fund selection, some investors began to look for some potential targets with Jiugui Liquor and Jinhui liquor.