Yesterday (October 14), with the closing of A shares of , Rainbow Group, a veteran small home appliance company that once rose by more than 7% of , finally fell back at a high level, ending the trend of continuous daily limit in recent days with a closing price of 40.7 yuan and a decline of -3.07%.
Nandu Wan Finance Society reporters found that in the past 13 consecutive trading days, Rainbow Group has hit the daily limit by 8. As the stock price surged, Rainbow Group's market value also rose from 1.884 billion yuan in early September to 4.423 billion yuan, and soared by 2.5 billion yuan in more than a month. Its stock price also rose from 17.72 yuan at the lowest point in early September to 45.01 yuan at the highest point on the 14th.
A source told Nandu Wancai Society reporter that the stock price of Rainbow Group has continued to rise sharply in recent days, mainly because of the topic of "Europe buys Chinese electric blankets" . As the leading domestic
Domestic electric blanket leader, the share price doubled in the past month
According to public information, the main body of the Rainbow Group is Chengdu Rainbow Electrical Appliances (Group) Co., Ltd., which is under the jurisdiction of Rainbow Group Central South Co., Ltd., Rainbow Group Sino-Japanese joint venture Quanyuan Sanitary Products Co., Ltd., Rainbow Environmental Protection Technology Co., Ltd., Rainbow Daily Chemicals Co., Ltd. and more than ten subsidiaries (subsidiaries) companies.
The company's main products include rainbow electric blankets, shoe dryers, heating equipment; rainbow electric mosquito coil sheets, liquid mosquito coils, insecticides, mosquito coils; polyester staple fibers and needle-punched non-woven fabrics, etc. The company's leading product, "Rainbow" brand electric blanket, annual production capacity of 10 million beds, and "Rainbow" brand electric mosquito coil piece has 20 million boxes. is the leading backbone enterprise in my country's electric blanket industry and sanitary insecticide product industry.
Recently, small heating equipment has the characteristics of portability and low energy consumption (power saving), and many Europeans have turned their attention to various energy-saving heating equipment produced in China, which are cheap and affordable. According to the British " Daily Mail ", an electric blanket with a rated power of 100 watts is opened for a whole night, for about 8 hours, and the electricity bill is only 0.42 pounds, which is much more cost-effective than turning on the heating.
It is understood that in 2022, the export volume of heating equipment such as air conditioners, electric heaters, and electric blankets will increase rapidly to Europe. The data from the General Administration of Customs also confirmed the trend of domestic energy-saving heating equipment becoming popular in Europe since this year. In July this year, the number of electric blankets imported by various countries in EU reached 1.29 million, an increase of nearly 150% month-on-month. It is reported that these demands are mainly concentrated in European regions such as Germany, Poland , Netherlands , and the United Kingdom. After the data of
was disclosed, many capitals began to focus on leading enterprises in the production of energy-saving heating equipment, and Rainbow Group has also delivered a brilliant report card against the backdrop of recent continuous fluctuations in A-shares.
Nanduwan Finance and Economics reporters found that since September 21, Rainbow Group has started to hit the daily limit. On September 22, it rose sharply in the early trading and hit the daily limit again, harvesting two consecutive boards, closing at 23.84 yuan per share, setting a new high in the past year. On the evening of the same day, The company issued an announcement of abnormal stock price movement, saying that household flexible heating equipment such as electric blankets, electric mosquito coils and other sanitary insecticide products is mainly in the domestic market . Although it has formed an overseas market development department and service team, and has obtained some export orders for electric blankets this year, has a low order quantity and a small overall amount. has not had a substantial impact on the company's revenue .
But even so, it failed to stop investors' enthusiasm for Rainbow Group . Although the day after the announcement of abnormal stock price announcement was released, Rainbow Group's stock price fell back, falling by 4.36%, on the next trading day, on September 26, Rainbow Group hit the daily limit again. As of the closing on October 14, in less than a month, Rainbow Group had already achieved 8 daily limits, and its stock price more than doubled.
abnormal stock price changes have attracted the Shenzhen Stock Exchange to send a letter to pay attention to
However, the continued surge in stock prices have also attracted the attention of the Shenzhen Stock Exchange.
htmlOn October 10, Rainbow Group received a letter of concern from the Shenzhen Stock Exchange , which mentioned that the group's stock price has risen continuously, touching the abnormal fluctuation standard of stock trading growth three times. On the 14th, Rainbow Group issued a relevant reply announcement, saying that the main business and main products of have not undergone major changes in , and is still home flexible heating appliances products including electric blankets, electric hand warmers, body warmers and other indoor and outdoor heating supplies. Household sanitary insecticide products include electric mosquito repellent liquid, electric mosquito repellent tablets, disc mosquito repellent, insecticide aerosol and other indoor and outdoor insecticide and mosquito repellent products. The letter of attention specifically requires Rainbow Group to add additional explanations for the sales revenue of household flexible heating equipment related products such as electric blankets at home and abroad, and the proportion of the company's total operating income.
Regarding the Shenzhen Stock Exchange's letter of concern, Rainbow Group responded that for a long time, the company has been based on domestic market products and mainly domestic sales. In order to explore and develop export markets, the company formed an overseas market development team after its listing and carried out a series of certifications and other work. Up to now, the main models of electric blanket products have passed the CB system safety performance test, and have successively obtained CE, UKCA, GS, SAA, and ZA certification, and passed the chemical test of toxic and harmful substances in the EU (REACH, RoHS, PAHs). In 2022, Rainbow Group received export orders for some products, with a small quantity and low amount. As of the end of June, household flexible heating products such as electric blankets achieved overseas sales revenue of 210,000 yuan. In addition, the current order amount of is about 1.33 million yuan, and accounts for 0.13% of the company's total operating income in the previous year .
According to the announcement information of Rainbow Group, from January to June 2022, the company's operating income was 530 million yuan, and the sales revenue of household flexible heating appliance products accounted for 64.93% of the total business, which is the group's main source of income and profits. The company's revenue structure has not changed significantly. In addition, Rainbow Group also added a reminder that the company's stock price has increased significantly in the short term in . Investors are asked to analyze rationally, make cautious decisions, and pay attention to the investment risks of .
Southern Metropolis Daily (nddaily), N video reports
Nandu·Wan Finance Society reporter Kong Xueshao Intern Li Yantao
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