In terms of direct news, there is only news of Rendong holdings withdrawal of state-owned assets recently. In the process of nearly quadrupling the increase before November 20 this year, Rendong holdings showed the characteristics of low daily increase, low turnover rate but stable climb, with obvious control on the board and lack of fundamental support for the companys rise.
Rendong holdings is definitely one of the big bull stocks this year. The companys share price rose from 16.74 yuan at the beginning of the year to 64.72 yuan in November, up 386%. However, the price rose rapidly and fell even more fiercely. In the last five trading days (from November 25 to December 1), the share price of Rendong Holdings has dropped to 35.53 yuan, and the share price has returned to the position at the beginning of July this year.
Moreover, there is a serious traffic jam on the falling road of Rendong holding, with 13000 shareholders or new bottom copy shareholders at least having no way to escape. During the four and a half trading days of five consecutive trading days, the turnover of Rendong holdings totaled 451 million yuan, including 423 million yuan on the first day of a sharp drop on November 25, that is to say, in the next three and a half trading days, the total turnover of Rendong holdings was only 27.97 million yuan.
In the previous rising stage, the daily trading volume of Rendong holdings was about 400 million yuan. With the rise of the share price, the number of shareholders of Rendong Holdings has also increased all the way, especially in the third quarter. At the end of the first three quarters, the number of Rendong holding shareholders was 5622, 6638 and 13090 respectively. This also means that if the market still does not leave the market before the crash, 13000 Rendong controlling shareholders are facing the dilemma of cutting their flesh to stop loss.
However, it is worth noting that in the recent days of Rendong holdings decline, institutional seats have continuously appeared in the dragon and tiger list buying list. According to the list, on November 25, there was a net sales of 8.48 million yuan of institutional seats of Rendong holdings. Later, in the dragon and tiger list on November 26, 27 and 30, all institutional seats appeared on the buying list of Rendong holdings, but the purchase amount was several hundred thousand yuan.
State owned assets have just announced their exit
Before the crash, the company just announced the withdrawal of state-owned assets.
On November 18, Rendong holdings issued a notice on changes in the companys equity and changes in controlling shareholders and actual controllers. According to the announcement, the companys former controlling shareholder, Beijing Rendong Information Technology Co., Ltd. (hereinafter referred to as Rendong information) and its acting partners, Rendong (Tianjin) technology Co., Ltd. (hereinafter referred to as Tianjin Rendong) and Rendong (Tianjin) Technology Development Co., Ltd Group Co., Ltd. (hereinafter referred to as Rendong technology), Huo Dong and Beijing Haidian Technology Financial Capital Holding Group Co., Ltd. (hereinafter referred to as haikejin group) signed the agreement on termination of share entrusted management relationship and concerted action relationship. Haikejin group no longer owns 119 million shares of Rendong holding held by Rendong information (accounting for 21 27%). At the same time, the concerted action relationship between Tianjin Rendong and haikejin was terminated. The controlling shareholder of the company was changed to Rendong information, and the actual controller was changed to Huo Dong.
The two sides held hands last year. At that time, haikejin group controlled the voting rights corresponding to 28.94% of the shares of the listed company by the way of transfer of voting rights + persons acting in concert. The actual controller of Rendong holdings became the SASAC of Haidian District, Beijing. On November 15, last year, the relevant agreements took effect, and the controlling shareholder of the company was changed to haikejin group. According to the latest announcement, as of November 14, 2020, the above agreement has been fulfilled for one year.
The change caused the concern of Shenzhen Stock Exchange. On the next day, the management department of SME Board of Shenzhen Stock Exchange issued a letter of concern to Rendong holdings, requiring the company to disclose the specific reasons for not renewing the initial custody period; the company applied for loans of RMB 1 billion and RMB 2 billion from haikejin group in November 2019 and April 2020, respectively, and made supplementary disclosure on the actual loan situation, repayment plan and loan repayment plan of haikejin group The impact of production and operation; combined with the overdue progress of previous loans and cash flow, the possible impact of this change of control and the countermeasures to be taken by the company are described.
On the evening of November 24, Rendong holdings issued a notice in response to a letter of concern. As for the reason why the trusteeship was not renewed, Rendong holding said that due to various factors, the progress of bilateral cooperation was lower than expected. On the one hand, due to the epidemic situation, some of the agreed items of strategic cooperation between the two sides could not be implemented since this year; on the other hand, due to the influence of relevant policies of state-owned enterprises, the implementation and implementation of relevant projects were limited, which also affected the cooperation process and related funds Hold it in place. On the whole, the two sides no longer have the basis and conditions for further cooperation, resulting in the commission agreement will not be renewed after the expiration of one year.
Rendong said the change of control may not have an impact on production. But at present, the companys overall cash flow is relatively tight, and the short-term loan repayment pressure is large. Rendong holding also said in the abnormal fluctuation of stock price recently released that the company has not found any unpublished major information reported by the public media that may or has had a great impact on the trading price of the companys shares.
Rendong holdings is also considered to have obvious characteristics of stock market. In the big rise from the beginning of this year to November, there were few price limits for Rendong holdings, even the days when the price rose more than 5%. The turnover rate was also maintained at a relatively low level of about 1%. The overall stock price showed a 45 degree angle, slowly climbing, and the characteristics of the control board were obvious. In the period up to November 24 this year, Rendong Holdings has not been on the dragon and tiger list once, but has been on the dragon and tiger list for four consecutive days recently.
In addition, the rise of Rendong holdings also lacks fundamental support. In 2019, Rendong holdings realized an operating income of 1.831 billion yuan, a year-on-year increase of 23.21%, and a net profit of 30 million yuan, a year-on-year decrease of 43.57%. In the first three quarters of 2020, the companys operating revenue was 1.75 billion yuan, with a year-on-year growth of 89.77%; the net profit was - 21.92 million yuan, with a year-on-year decrease of 144.5%.
On October 30, Rendong holdings also issued a notice on overdue bank loans, saying that due to the fact that the company has not fully implemented the renewal conditions approved by industrial bank, and the impact of macroeconomic environment and new crown epidemic situation since this year, the companys liquidity is relatively tight, and the situation that Xingye banks 350 million short-term loan principal fails to be repaid on schedule has occurred. The third quarter report showed that Rendong holding account monetary capital of 1.554 billion yuan. At the end of the third quarter, the goodwill of Rendong holdings was about 999 million yuan, but the net assets of the company were only 966 million yuan, accounting for 103.40% of the net assets. If we have to talk about hot spots, it is that Rendong holdings rubbed the ant concept in July. On July 24, Rendong holdings disclosed on the interactive platform: after verification by the company, on July 23, 2020, Minsheng Leasing Co., Ltd., a subsidiary of the company, as the first financial leasing company cooperating with ant chain, was invited to participate in the ant chain brand conference held by ant group. However, Huo Dong, chairman and Secretary of the board of directors of Rendong holdings, was also warned by Zhejiang securities regulatory bureau because the company introduced cooperative ant group is not objective. Source of this article: Yang Bin, editor in charge of E Company_ NF4368
On October 30, Rendong holdings also issued a notice on overdue bank loans, saying that due to the fact that the company has not fully implemented the renewal conditions approved by industrial bank, and the impact of macroeconomic environment and new crown epidemic situation since this year, the companys liquidity is relatively tight, and the situation that Xingye banks 350 million short-term loan principal fails to be repaid on schedule has occurred. The third quarter report showed that Rendong holding account monetary capital of 1.554 billion yuan.
At the end of the third quarter, the goodwill of Rendong holdings was about 999 million yuan, but the net assets of the company were only 966 million yuan, accounting for 103.40% of the net assets.