Journal reporter: Zhao Linan Editor: Zhang Haini From June 17 to now, the stock price of Songzhi Co., Ltd. (SZ002454, stock price 14.55 yuan, market value 9.1 billion yuan) has performed 9 consecutive rebounds. The stock price of Songzhi shares has been rising to the limit one af

reporter: Zhao Linan editor: Zhang Haini

From June 17 to now, the share price of Songzhi shares (SZ002454, stock price 14.55 yuan, market value 9.1 billion yuan) has performed for 9 consecutive times.

The stock price of Songzhi shares has been rising continuously without any warning. "After verification, the company has found no media reports or market rumors that may have a significant impact on the company's stock trading price." Songzhi said in an announcement on June 29.

" Daily Economic News " reporter noticed that on Songzhi Co., Ltd.'s investor interaction platform, there were multiple questions involving two new energy giants - BYD (SZ002594, stock price 331.61 yuan, market value 965.4 billion yuan ) and CATL (SZ300750, stock price 532.54 yuan, market value 1,241.3 billion yuan), but most of these questions were asked after Songzhi shares started to trend.

html On June 29, the Shenzhen Stock Exchange issued a letter of concern to Songzhi Co., Ltd., requiring the company to confirm whether there is any major information that should be disclosed but has not been disclosed.

On the same day, Songzhi Co., Ltd. announced that its vice president, board secretary and financial director Chen Rui and board of supervisors chairman Xie Hao plan to reduce their stock holdings starting from July 21 this year, with a total reduction of no more than 74,300 shares.

Investors were asked about new energy-related business

"Is the CATL Kirin battery thermal management supplied by Songzhi?" Recently, an investor asked Songzhi.

Songzhi Co., Ltd. responded that it currently mainly cooperates with CATL on battery thermal management products for energy storage systems, and has not yet established a supply relationship with CATL for this product.

In addition to multiple investors asking about CATL, there are also investors asking about BYD, another new energy vehicle giant.

Image source: Screenshot of the official website of Shenzhen Stock Exchange

The investor asked: "What products does the company supply to BYD? Is there thermal management? Does BYD Han use Songzhi thermal management?"

"BYD is important to the company. Strategic customers, mainly supply automotive thermal management related products to BYD," Songzhi responded.

"Daily Economic News" reporter noticed that although the questions asked by the above investors are related to the new energy concept that has been popular recently, the time when these questions were asked was basically concentrated after June 17, that is, when Songzhi shares started " After the "Lianban" market.

On June 16, before Songzhi Co., Ltd.'s stock market continued to crash, some investors asked: "Has the company resumed work and production normally?" Songzhi Co., Ltd. responded: "The company was affected by the Shanghai New Crown Epidemic from March to May. The impact is relatively large, and work and production have been resumed in accordance with Shanghai’s relevant prevention and control requirements.”

html On June 29, Songzhi Co., Ltd. also stated in its announcement: “There is no need to correct or supplement the company’s previously disclosed information” and “After verification. , the company has not found any media reports or market rumors that may have a significant impact on the company's stock trading price."

Judging from shareholder data, many institutional investors reduced their holdings of Songzhi shares in the first quarter of this year.

According to Songzhi's first quarter report this year, the threshold for the company's top 10 shareholders at the end of the first quarter was approximately 2.25 million shares, while the threshold at the end of last year was 3.5 million shares. In the first quarter of this year, China International Capital Corporation , Taikang Strategy Optimized Flexible Allocation Hybrid Securities Investment Fund, Taikang Quality Life Hybrid Securities Investment Fund and GF Technology Innovation Hybrid Securities Investment Fund all reduced their holdings and exited before Ranking of the top ten shareholders.

The reduction of holdings by these institutions also corresponds to the negative market decline of Songzhi shares in the first quarter of this year. Songzhi shares fell by 26.52% in the first quarter of this year.

received a letter of concern from the exchange

html On June 29, Songzhi Co., Ltd. received a letter of concern from the Shenzhen Stock Exchange. The Shenzhen Stock Exchange requires Songzhi Holdings to confirm whether there is any material information that should be disclosed but has not been disclosed.

"Please check whether the recent increase in the company's stock price matches the changes in fundamentals such as production and operation based on the changes in market demand for your company's main business products, the company's production and operation conditions, etc., and compare the company's operating performance and stock price changes with the same situation. The valuation of listed companies in the industry provides adequate risk warnings regarding abnormal fluctuations in company stock trading,” the Shenzhen Stock Exchange said.

At the same time, the Shenzhen Stock Exchange also required Songzhi Shares: "Details the recent research conducted by institutions and individual investors, and self-examined whether the company's business was objectively, truthfully and accurately introduced in the above communication, and whether there was a violation of the principle of fair disclosure "

On the same day, Songzhi Shares also announced that Chen Rui and Xie Hao planned to reduce their holdings from July 21, 2022 to January 20, 2023. Among them, Chen Rui reduced his holdings by no more than 42,300 shares, and Xie Hao reduced his holdings by no more than 32,000 shares.

Image source: Screenshot of Songzhi Share announcement

The Shenzhen Stock Exchange also paid attention to this reduction. The Shenzhen Stock Exchange said: "According to the disclosed announcement, your company's senior management Chen Rui and supervisor Xie Hao plan to reduce their holdings of the company's shares. Please." Check whether other directors, supervisors, and senior managers of your company have plans to reduce their holdings, whether directors, supervisors, senior managers, and their immediate family members have purchased or sold your company’s stocks, and whether there are any suspected insider trading situations.”

Yes, since last year, Songzhi executives have reduced their holdings six times. Data from the Shenzhen Stock Exchange shows that the company's vice chairman Ji Ankang reduced its holdings by approximately 620,000 shares, deputy general manager Huang Guoqiang reduced its holdings by approximately 190,000 shares, Xie Hao reduced its holdings by approximately 43,000 shares, and Chen Rui reduced its holdings by approximately 56,000 shares.

In addition, the Shenzhen Stock Exchange also requires Songzhi Co., Ltd. to send a written inquiry to the controlling shareholder and actual controller to explain whether the controlling shareholder and actual controller have a shareholding reduction plan, whether there is an asset restructuring, and other matters that have a significant impact on the company.

Daily Economic News

Daily Economic News