Large shareholders of highland barley wine reduced their holdings and cashed in 95 million yuan, and the stock price rose nearly 85percent in November

category:Finance
 Large shareholders of highland barley wine reduced their holdings and cashed in 95 million yuan, and the stock price rose nearly 85percent in November


On the evening of November 23, Jiangsu Yanghe distillery Co., Ltd. (hereinafter referred to as: Yanghe Co., Ltd., 002304. SZ) announced that Jiangsu blue alliance Co., Ltd. (hereinafter referred to as blue alliance), the second largest shareholder of the company, reduced its shares of Yanghe shares by block trading from November 18 to November 20, 2020, accounting for 1.50% of the total share capital of Yanghe.

According to the securities representative of Yanghe shares, blue alliance is an employee stock holding platform established during the reform of Yanghe stock company, mainly composed of management and the backbone of the company. From the timing of the reduction, highland barley wine and Yanghe shares are in the high stock price recently. In particular, the recent rise in highland barley wine is more rapid, since November, the price of highland barley wine has risen nearly 85%. The rapid rise has also attracted the attention of regulators.

According to the latest financial data, the performance is not the main reason to support the soaring share price of highland barley wine. Affected by this years epidemic, the performance of highland barley wine has been greatly impacted, and there is no obvious sign of recovery. 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%, and the net profit was - 64.3126 million yuan, with a year-on-year decrease of 333.60%. For the market of liquor stocks, many institutions said that they would continue to be optimistic, but some analysts suggested the risk of liquor stocks. CICC said that at present, the speculation of some small wine enterprises has deviated from the fundamentals, or have a large overdraft on the growth of performance, and the funds have pushed up. Therefore, it is necessary to be alert to the impact of short-term sentiment drop. At the end of November 24, highland barley wine changed its previous rising trend and hit the limit at one time. It fell 9.11% to 18.65 yuan / share by the end of the day. Source: surging news editor: Zhong Qiming_ NF5619

For the market of liquor stocks, many institutions said that they would continue to be optimistic, but some analysts suggested the risk of liquor stocks. CICC said that at present, the speculation of some small wine enterprises has deviated from the fundamentals, or have a large overdraft on the growth of performance, and the funds have pushed up. Therefore, it is necessary to be alert to the impact of short-term sentiment drop.

At the end of November 24, highland barley wine changed its previous rising trend and hit the limit at one time. It fell 9.11% to 18.65 yuan / share by the end of the day.