Many investors know that the market in the third quarter is not good, but not many people know for sure that this is the worst quarter in the past few years. Shanghai Composite Index fell 11% in the third quarter, the largest quarter since 2019. However, the decline of the Shenzhen Component Index and ChiNext Index was slightly smaller than that in the first quarter. Specifically, the decline of the ChiNext Index in the third quarter was the second largest since 2016.
In such a market, there are countless stocks that have fallen. Jitai Co., Ltd. has fallen by 53% in the third quarter and the stock price is directly halved. The second is Xingmin Zhitong, which has fallen by 52% in the third quarter. Jingfeng Mingyuan has fallen by 45%. What is the reason for the decline of these stocks? Let’s analyze this article.
1, Jitai Co., Ltd. fell 53%
Jitai Co., Ltd.'s stock price rose sharply in June, with 14 consecutive daily limits. The stock price rose from 6 yuan/share to a maximum of 20.7 yuan/share, an increase of 245%. However, the stock price peaked on June 29, and then fell continuously. It has fallen to 8.46 yuan/share so far, down nearly 60% from its highest point, and most of them fell in the third quarter. The stock price surged at that time because the concept of photovoltaic glue can be applied to the fields of new energy vehicles and photovoltaic modules. These two fields were the two most popular fields at that time, so photovoltaic glue also became popular. In addition, a private placement of 280 million yuan will be used for the construction of new energy sealant projects.
Why did the stock price fall again in the end? The main reason is that related concept products have not contributed so much to revenue. After the exchange's questioning, data on related products were finally released in July. The revenue in the new energy vehicle and photovoltaic module fields in 2021 was only about 23 million, accounting for 17% of the electronic glue sales. The total sales of on-hand orders in these two fields in the first five months of 2022 was 9.3 million. What’s even more funny is that the company’s revenue in the second quarter fell 22% year-on-year, and its net profit fell 94% year-on-year. So at that time, most of the hype concepts were still there, without the support of performance, and now it is just a return to value.
2, Xingmin Zhitong's third quarter declined by 52%
Xingmin Zhitong's trend is very similar to Jitai Co., Ltd. First of all, the stock price has risen, from 3.4 yuan per share at the end of April to 9.4 yuan on June 30, an increase of nearly 2 times. However, the stock price hit the limit on July 1, and it hit the limit for three consecutive days. Now the stock price has fallen to 4.49 yuan, and the stock price is directly cut from the highest point. This is an automotive parts company, and its main product is steel wheels. At that time, the State Council announced that it would increase support for automobile consumption policies and support new energy vehicle consumption, and the entire automobile sector and automobile parts were rising. However, the performance was very poor. The revenue in the second quarter fell by 51%, and the net profit lost 100 million yuan, a year-on-year decline of 500%. With such performance, it would be strange if the stock price did not collapse. The current stock price is basically falling to the original place.
3, Suzhou Longjie fell 51% in the third quarter
This stock was still quite impressed at the time. The stock price more than doubled after the Spring Festival to mid-July. On July 18, the stock price suddenly collapsed, with four consecutive limit downs. The stock price collapsed at that time. The first is that the announced half-year performance turned from profit to loss, with a loss of nearly 24 million. The second is that in the middle and late stages of stock price increase, the company's shareholders and senior executives intensively reduced their holdings. The third is that there is a rumor that there is a "pig killing" phenomenon. However, Suzhou Longjie has the "gene" of stock price crash. Such a flash crash occurred once in December 2020. The stock price fell from 26 yuan to 10 yuan. At that time, the stock price suddenly crashed from a high point and fell to the limit for five consecutive days, which was even greater than the flash crash.
4, Oriental Yuhong The decline in the third quarter 49%
Oriental Yuhong's stock price may still be related to the decline in performance. Before this decline, the stock price was at a high level. The net profit in the first quarter also increased by 7%, and the net profit in the second quarter fell by 48%. This may be the deep-seated reason for this wave of stock price decline. A high-level stock price was sideways for a long time, and it encountered the negative news of a sharp decline in performance, and then it fell "with the trend".
5, Shuanghuan Technology fell by 48% in the third quarter
Shuanghuan Technology's decline is really not understood. Other stocks are due to the decline in performance, but Shuanghuan Technology's performance has increased significantly, with both production and sales. Its performance in the first half of the year increased by 110% year-on-year, and its net profit turned losses into profits, from a loss of more than 25 million to a profit of 515 million. At the same time, the company also acquired the mining rights of the controlling shareholder. Although this wave has fallen a lot, it only erases the increase after the Spring Festival. You should know that the stock price in May last year was less than 3 yuan. The current stock price is 8.9 yuan, in other words, the current stock price is more than triple that of May last year.
6, Yitian Intelligent fell 47% in the third quarter
This company is an integrated stove. The stock price fell 47% in the third quarter, which should be related to the slowdown in performance. The revenue growth in the second quarter was only 4%, while in the first quarter it was 63% and last year it was 72%. Due to the sharp slowdown in revenue and net profit, the stock price may not be able to hold on.
7, Songzhi shares fell 46% in the third quarter
Songzhi shares' stock price rose sharply in the second half of June, from 6 yuan to 14 yuan, and achieved 9 daily limits. The stock price more than doubled. It hit the daily limit on June 30, and it hit the daily limit for three consecutive days. Why is the stock price so fierce? Songzhi Co., Ltd. is an automobile parts company, mainly producing thermal management products for automobiles. During that period, the entire automobile sector was rising, and Songzhi Co., Ltd. rose a lot. The subsequent decline in stock prices is actually just a return to valuation, because there is no matching performance. The second quarter performance declined, with revenue falling by 19% and net profit falling by 80%.
8, Ecovacs fell 45% in the third quarter
Ecovacs stock is also quite interesting. From 2020 to July 2021, the stock price rose from 16 yuan to 252 yuan, and the stock price rose nearly 15 times. The company is a sweeping robot. The performance in those two years was indeed good. From 2020 to 2021, the revenue increased by 36% and 81% respectively, and the net profit increased by 431% and 213% respectively. However, since the fourth quarter of last year, both revenue and net profit growth have slowed down significantly. In the second quarter of this year, revenue increased by only 16% year-on-year, and net profit fell by 12% year-on-year. Under such circumstances, it is understandable that the stock price has fallen. Now the stock price has fallen to 67 yuan, down 73% from its highest point.
9, Zhejiang Shibao fell 45% in the third quarter
Zhejiang Shibao is one of the monster stocks in June, and is also an automobile parts company. It started to hit the daily limit for 10 consecutive days on June 13, with the stock price rising from 5 yuan to 15 yuan, and the stock price rose twice. I am still familiar with this stock. I also wrote an article at that time. At that time, I reminded that the rise of this stock was speculation of hot money. With the help of BYD and the concept of new energy vehicles, the stock price fell in July. The exchange issued a letter of concern. The company itself also suspended trading of many times. In the end, the stock price finally couldn't stand it. Now the stock price has fallen to 8.6 yuan, and the stock price has basically cut halfway. At that time, there was another monster stock, that was Zhongtong Bus. Zhongtong Bus was stronger, but it also fell even worse, from 28 yuan to 13 yuan today, a drop of more than 50%.
10, Jingfeng Mingyuan's decline in the third quarter 45%
Jingfeng Mingyuan's trend is very similar to Ecovacs, rising from 60 yuan/share in April 2020 to 576 yuan/share in July last year. In 15 months, the increase was nearly 10 times, and then the stock price peaked and fell. Now the stock price has fallen below 89 yuan, with an astonishing decline of 5%! The horse's legs tremble when it sees this decline.
Look at the performance and know why it has risen sharply. Last year's revenue increased by 109%, and net profit increased by 884%. Since the fourth quarter of last year, the performance growth has slowed down, and this year it has declined directly. Revenue fell by 44% in the first half of the year, with net profit profit of 336 million to a loss of 61.88 million yuan.
The ten stocks that fell the most in the third quarter have several similarities. The first is that they basically belong to the new energy vehicle field, the second is that they basically have problems in performance, and the third is that they have all risen before. This is a phenomenon worth paying attention to, that is, why there will be a sharp decline in the third quarter. This is because July is the time when the semi-annual report begins to be disclosed, so many stocks that speculate concepts have to appear at this time, and when the performance has to be announced, the original shape will be revealed.
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