Fall to nothing but slag! The company has 1.74 million cash on its books and billions in debt

category:Finance
 Fall to nothing but slag! The company has 1.74 million cash on its books and billions in debt


According to the data, the main business of * ST rich control is the R & D and operation of online game products. During 2015, with the hype of online games and the Internet, the companys share price reached a historical high on June 5 of that year, with the highest market value of more than 20 billion yuan. Now it is less than 500 million yuan, and the latest price has retreated 97.89% from the historical high.

It is worth noting that after todays closing, the closing prices of * ST wealth control for 13 consecutive trading days (from November 6 to November 24, 2020) were all lower than the par value of the shares, facing the huge pressure of the par value delisting. Based on the current stock price, * ST wealth control needs to increase 22% in the next seven trading days to avoid delisting. In terms of the current situation of the company, we can imagine the difficulty.

Yesterday evening, * ST wealth control issued a risk warning that so far, the companys controlling shareholders and actual controllers held shares have been waiting for freezing. As of the disclosure date of the announcement, the company has involved in a total of 60 litigation matters, with a total amount of about 8.121 billion yuan, including 18 on balance sheet loans and compliance guarantees, involving an amount of about 3.97 billion yuan; there are 42 contingent loans or guarantees, involving an amount of about 4.151 billion yuan. As of the end of the third quarter, the monetary fund of * ST fukong was only 1.74 million yuan, while the total liabilities was 1.892 billion yuan.

Hong Kong stock kamdanke solar energy soared more than 2 times in two days

Hong Kong shares of new photovoltaic energy went on the rampage. Kamdanke solar energy closed up 169.48% and downwind clean energy rose 73.45%. There were also fairies such as Beikong clean energy group and GCL new energy. Camdank solar energy today ranked first in Hong Kong stocks, the stock in just two trading days has reached 245.83%.

It is reported that kamdank solar is a single crystal solar ingot and chip manufacturer based in China, focusing on the design, development, manufacturing and marketing of high-quality single-crystal solar chips. In May 2011, camdank solar reached its highest price in history, with a market value of HK $5.44 billion. However, the trend in recent years has been astonishing. The latest share price is already less than HK $1. Even after todays big rise, the market value of the company is only HK $300 million, and the market value of the company has evaporated by 94%.

The continuous loss of performance is the main factor causing the stock price downturn of kamdank solar. In the past five years, the company has only been profitable in 2017. By 2020, the company had a loss of 31.16 million yuan. The continuous loss caused the companys cash flow position to be extremely poor. The companys current ratio is only 0.4, the asset liability ratio is as high as 114%, the net debt is 137.5 million yuan, and the operating loss is 193 million yuan.

The concept of photovoltaic hot stocks speculation cooling

On the news, recently, the Ministry of Finance released a renewable energy subsidy budget for 2021, totaling 5.95 billion yuan, an increase of about 19% over 2020. New energy and social development goals will be included in one of the fourteenth five major national economic and social development goals. Guotai Junan international predicts that as onshore wind power and photovoltaic power generation enter the era of parity, government subsidies will no longer be a constraint to increase the installed capacity, and the cost of new energy power generation will be further reduced under the influence of the market, becoming a more competitive power supply choice and further expanding its proportion in energy consumption, which will also bring a new round of growth opportunities for the wind power and photovoltaic industry u3002

As one of the hottest topics in the second half of the year, the concept of photovoltaic has gone through several rounds of hot speculation, with the birth of big bull stocks such as sunshine power, jinlang technology, CNC, Maiwei, Huichuan technology, fulette, Zhongneng electric, etc. However, compared with previous times, todays hype has been greatly weakened. Compared with the years high point, many doubled the PV concept stocks have withdrawn a lot. According to the statistics of the securities times and data treasure, the latest price of 24 shares has retreated by more than 20% from the high point in the year, including ganzhao optoelectronics, St King Kong, Qingdao medium range, Beibo, Tongyu heavy industry, Cologne and Zhongneng electric.

From the perspective of institutional profit forecast data, many PV concept stocks can be expected for the whole year. The data shows that according to the consensus forecast data of more than five institutions, the net profit of 36 shares is expected to increase by more than 20% over the same period of last year. Among them, Huaneng International, jinlang technology, Dongshan precision and sunshine power supply are expected to double. Huaneng International is expected to achieve a net profit increase of 8.749 billion yuan, a year-on-year increase of 418.76%. Huaneng International is one of the largest listed power generation companies in China. The performance of Huaneng International in the third quarter was significantly improved under the situation of continuous recovery of electricity demand and decrease of fuel price. In a single quarter, it achieved a profit of 3.4 billion yuan, with a year-on-year increase of 117.33%. (data treasure Liang Qiangang)