This week, the Shanghai Composite Index launched a 3,000-point battle, and recorded three consecutive positives in the first three trading days, and the closing index stood firm at 3,000 points on Wednesday. Some stocks have risen in popularity and hit new highs this year.
Securities Times ·Databao statistics, excluding new stocks listed in the past month, a total of 47 stocks hit a high of this year on October 13. Among these stocks, more than 60% of A shares have a market value of less than 10 billion yuan. In terms of performance data of
, a total of 13 stocks had a decline in revenue and net profit in the first half of the year. Dehong Co., Ltd. is the only stock in the automotive industry. In the first half of the year, the company's revenue fell by 26.37% year-on-year, and its net profit fell by 48.82% year-on-year. The main reason is the overall decline in production and sales of downstream commercial vehicle markets and the rise in raw material prices. Compared with previous years, the company's revenue decline was the highest in the same period since its listing, and its net profit in the semi-annual report has declined for five consecutive years. The semi-annual report shows that the company's gross sales profit margin fell to 19.74%, a new low in the same period in previous years.
Dehong Co., Ltd. was not a popular stock in the automotive industry before, and the company's stock price has performed mediocrely for a long time. After hitting a low in the year on April 27, the stock fluctuated upward. As of the latest closing day, the largest increase in the range of reached more than 130%. In the morning of today's trading, Dehong Co., Ltd.'s share price fell, falling by more than 5% during the session.
It is worth noting that during the period when Dehong shares' stock price rose, the company's executives reduced their holdings many times. On the evening of September 27, Hu Pixue, deputy general manager of the company, planned to reduce his holdings of the company's unrestricted circulating shares held by him within 6 months after 15 trading days from the date of the announcement, accounting for 0.1326% of the company's total share capital. Before this, the company's senior managers Shen Binyao, Cai Jianfeng and Ni Weimin successively reduced their holdings.
In response to the abnormal fluctuations in the company's stock price, on the evening of October 13, Dehong Co., Ltd. issued an announcement stating that the company's current main revenue comes from auto parts revenue, and the short-term increase is significantly higher than that of the same industry and the Shanghai Composite Index. Investors are requested to invest rationally and pay attention to investment risks.
also made risk warnings in terms of valuation. As of the close of October 13, Dehong Co., Ltd.'s dynamic price-to-earnings ratio was 168.39 times. According to the latest price-to-earnings ratio data released on the Tonghuashun website, the company's industry "auto parts" price-to-earnings ratio is 37.28 times, and the company's current dynamic price-to-earnings ratio is higher than the price-to-earnings ratio in the same industry.
