It should be noted that since it became a municipal enterprise in Xianyang, Shaanxi Province four years ago, Caihong Stock Co., Ltd. has been accused of relying on government subsidies, and its performance growth is weak. In the first three quarters of this year alone, it lost 1.67 billion yuan.
Seven even board after the final drop limit
From November 25 to December 3, rainbow shares set a seven link board, with its share price rising from 4.42 yuan to 8.6 yuan, up 95%, a new high in recent three years.
When the stock price is in full swing, there is an episode.
On December 1, after five connected boards, rainbow Co., Ltd. issued a Clarification Announcement, denying that the company owns hot topics such as OLEDs, flexible screens and graphene mobile phones that the market hears.
However, it still cant hold the enthusiasm of the market. The next day, the opening was sealed again on the board, and the price was 7.82 yuan / share.
After harvesting the seven connected boards, rainbow shares added a clarification announcement that there was no OLED, flexible screen and other businesses.
At this time, the reduction of senior executives is on the way.
On the evening of December 2, rainbow shares, which won the sixth board, announced that Wang Xiaoyang, the supervisor, intends to reduce his holding of no more than 3000 shares.
If the 3000 shares are just sprinkling water, then the announcement of two shareholders reduction issued by rainbow shares on March 3 can be regarded as real
Ruyi radio and television plans to reduce the companys shares by no more than 35.88 million shares within three months, and the planned reduction ratio will not exceed 1%.
Rainbow shares of the sudden rise of these days, the entire panel market performance is not vulgar. BOE a, TCL technology, Dongxu optoelectronics, Shenzhen Tianma A and other leading companies have also stepped out of the market.
For example, TCL technology also rose to 8.01 yuan per share, up more than 10%, and its market value exceeded 110 billion yuan.
LCD panel industrys stock market performance, why do they make efforts recently?
China Securities Research Report represent that in the medium to long term, Korean manufacturers will withdraw from LCD, which will represent the general trend of the times. The panel industry will accelerate to Chinas mainland and prices will continue to rise.
A number of securities analysts in the report released in November also believe that the current panel demand continues to exceed expectations, and the panel price will maintain a rising trend in the fourth quarter.
Looking back, rainbow shares these days trading lively, is not an example.
However, at this time, the companys stock has taken two limits, and has risen more than 22% in the last three trading days.
It turns out that the OLED industry has been positive for a while. Huaweis self-developed OLED driver IC chip has achieved a new breakthrough, and has completed the tape production, and will soon be able to achieve mass production.
Affected by this, OLED plate is trading.
Rainbow shares, on the other hand, remain one word board and have been listed on the dragon and tiger list for many times.
Photo source: photo web
Who is sweeping the goods?
From the strong buyers of the dragon and tiger list in recent days, UBS Securities Shanghai Garden Shiqiao Road Securities Business Department can be said to be the strength of the bulls. On November 30, 123 million yuan was bought for the seat, and the accumulated purchase amount for three consecutive days was as high as 184 million yuan.
Among other business departments listed on the list, industrial securities Shaanxi Branch and Dongfang fortune Kunshan Qianjin West Road Securities Business Department are also powerful buyers behind the continuous trading and trading of rainbow shares in recent days.
In the capital market, St King Kong has been hyped by the topic of restructuring, and its share price has risen strongly and then fell back. As a result, it will be used as a reference for the highland barley wine which has been on the dragon and tiger list for seven days and six times.
After the craziness of the stock price, everything is still on the right track.
Therefore, it is fundamental to pay attention to the development of rainbow stock company.
Are subsidies beginning to pay off?
As a municipal enterprise of Xianyang, it is the hope of Xianyang to build a hundred billion electronic information industry cluster.
In 2017, Caihong fixed increase introduced the local state-owned assets led by Xianyang financial holding, which changed from a central enterprise to a local state-owned enterprise.
This year, Xianyang Hao spent 337 million yuan on subsidies. In 2018, the subsidy will be expanded to at least 689 million yuan. By 2019, rainbow shares will receive a total of 2 billion yuan from Xianyang municipal government subsidies.
This has made rainbow stock one of the favored enterprises in Shaanxi Province, and it has also been burdened with the burden of relying on government subsidies.
As we all know, the panel industry is an industry that needs to spend money.
The raised funds of Caihong shares are mainly used to increase capital to build Xianyang 8.6 generation related projects and Hefei 8.5 generation related projects. This is only the amount of capital increase, far from the total construction investment.
Photo source: Rainbow stock official website
However, Xianyangs subsidies for many years seem to be beginning to show results.
In the third quarter of this year, Caihong achieved a net profit of 5.2 million yuan attributable to the shareholders of the parent company, and announced in November that its self-developed, designed and built overflow method G8.5 + liquid crystal substrate glass has completed user certification and realized mass production. But it still faces huge losses. Since 2011, deducting non net profit has been a loss for 9 consecutive years, and in the first three quarters of this year, the companys loss was as high as 1.673 billion yuan. In November this year, Xianyang rainbow Optoelectronic Technology Co., Ltd., the holding subsidiary of rainbow stock, plans to invest 2.265 billion yuan in the technological transformation project of 170k capacity expansion of the 8th generation TFT LCD. Whether this can become its next profit growth point still needs time to test (statement: the content of this paper is for reference only, not as the basis for investment. Investors operate on this basis at their own risk.) Source: Yang Qian, editor in charge of daily economic news_ NF4425
In the third quarter of this year, Caihong achieved a net profit of 5.2 million yuan attributable to the shareholders of the parent company, and announced in November that its self-developed, designed and built overflow method G8.5 + liquid crystal substrate glass has completed user certification and realized mass production.
In November this year, Xianyang rainbow Optoelectronic Technology Co., Ltd., the holding subsidiary of rainbow stock, plans to invest 2.265 billion yuan in the technological transformation project of 170k capacity expansion of the 8th generation TFT LCD.
Whether this can become its next profit growth point still needs time to test
(statement: the content of this paper is for reference only, not as the basis for investment. Investors operate on this basis at their own risk.)