In 2017, it has reached the end. For the A -share market, the structural market is very obvious this year. "Beautiful 50" has a unique high -end high, and has repeatedly hit a new high; as many as 2345 stocks have fallen, accounting for nearly 70 % of the total number of A shares

has reached the end in 2017. For the A -share market, the structural situation is very obvious this year. *St Zhongan has fallen 70.57%in a total of 70.57%. shell resources and new shares have become the heavy stream of disaster -stricken areas.

2345! Nearly 70%of the stock market value of the two cities shrinks

statistics. From January 1st to December 14th, 2017, up to 2,345 stocks in A shares have fallen, accounting for 68%of 3452 stocks in Shanghai and Shenzhen. In other words, almost 70 % of the stock market value has shrunk since this year.

's stock price rising and falling is the norm of the stock market, but this year is not unusual. Although there are small ups and downs, the broader market has risen generally. As of December 14, the Shanghai Stock Exchange Index has risen by 6%. The highest index was 3450.49 points, and the lowest time was 3016.53 points. Where did the market value go?

, and since this year, the market value of individual stocks shrinks more than 20%. The decline of more than 20%reached 1498, accounting for 43%of the total number of A shares; and accounting for 64%of the total number of stocks. Among the

, the number of stocks with a decline of 20-30%is the largest, reaching 580, accounting for 25%of the total number of stocks; followed by 30%-40%, 490 126 individual stocks.

In addition, there is also an interesting data that is of 2358 individual stocks that shrink the market value. The Shanghai City motherboard stocks have the largest number, reaching 879, accounting for 37%; followed by small and medium -sized board stocks, 638, accounting for 27%; entrepreneurial entrepreneurship There are 492 board stocks, and 349 motherboard stocks in Shenzhen.

(For more exciting content, please download and use the "Trend Finance APP" and "Trend Trader APP")

shell resource and the second new shares. In the city, the ups and downs are life. However, some stocks have fallen too miserable: Since the beginning of this year, the decline in 17 stocks has fallen more than 60%, of which*ST Zhongan has fell the most, reaching 70.58%; followed by a lawsuit*ST Zhonghe, a decline of 68.73%; Shanghai Yahong also fell into the top three, with a decline of 68.86%. These stocks are the most tragic stocks in A shares in 2017. Imagine the market value of 8 billion yuan (Shanghai Yahong: 603159), and only 2.4 billion yuan is left a year later. What is the feeling.

So, which stocks have led the "coquettish" and fell out of the gas field? The reporter found that there are still features to find through data analysis. It can be seen that

can be seen that ST shares and of 17 strong stocks and the number of new shares listed in 2016 were the largest, and the two reached 7, accounting for 66.66%. In other words, ST shares and secondary new shares are the hardest hit areas for stock prices this year. The

analysis believes that the reason why ST shares and secondary stocks have become concentrated camps for the evaporation of market value this year must be caused by cause: reorganization and tightening, the normalization of new shares issued, and the value of shell resources and sub -new shares will inevitably return to normal.

takes stock of the five major bear stocks in 2017,

NO1,*ST Zhongan (600654)

This year's decline: 70.57%

*ST Zhongan has resumed the trading with the news of reorganization on September 13, 2017. Continue 12 limit Board, plus the 5 -daily limit before the reorganization of suspension of , the limit of 17 consecutive "word" daily limit setting a record, and the market value has evaporated tens of billions of yuan. Several*ST Zhongan investors told the "Investment Express" reporter that after buying Zhong'an last year, it was suspended in many days. After the resumption of trading, it fell continuously and could not be sold. Frequent financing investors are even more miserable. The company put on a*ST hat this year and was called out of the financing stock. At the end of April this year,

, Zhongan Call 2016's 2016 Financial Accounting Report was issued by Deloitte Huayong Accounting Firm (special common partnership) that could not express an audit report. Because of this, the Shanghai Stock Exchange implemented a "delisting risk warning" on the company's stock. What

needs to be mentioned is that in December 2016*ST Zhongan received a notice from the Securities Regulatory Commission. Because the company was suspected of violating securities laws and regulations, in accordance with the relevant provisions of the Securities Law, the CSRC decided to conduct a case investigation of the company. If the company's final determination of the Securities Regulatory Commission's final determination of major illegal acts, the company's stock may be warned and suspended from listing.

NO2, Shanghai Yahong (603159)

has fallen this year: 68.86%

on December 5, 2017, approaching 14:38, Shanghai Yahong has changed by 5.58%, a new low since one year (after removing power price). As of the close of the day, the stock reported at 23.76 yuan, with a transaction volume of 8268 hands, with a renewal rate of 3.31%, an amplitude of 7.13%, and the volume ratio of 1.06. On the same day, the overall decline in the dedicated equipment industry of Shanghai Yahong was 1.69%. Its related stocks fell a large decline in Jerry, Huijin, and Imikang, and fell 9.0%, 9.0%, and 8.7%, respectively. In the past year, Shanghai Yahong had a limit of 9 times. After the limit of the limit, the second trading day rose three times, down 6 times, an increase of 33.33%, and the decline of 66.67%. The latest three -quarter report of

shows that the stock achieved operating income of 430 million yuan, net profit of 31.99 million yuan, a net profit of 0.32 yuan, and a price -earnings ratio of 98.56 on September 30, 2017.

Shanghai Yahong Company's main business is the research and development, design, production and sales of precision plastic molds and its supporting injection molding products. As of December 5, 2017, the number of shareholders (households) of the company was 14968, a decrease of 2,520 households compared with the previous statistical day.

NO3,*ST Zhonghe (002070)

has fallen this year: 68.73%

*ST Zhonghe's most amazing stock this year, once staged a 19 limit board! This company was once listed as the first share of the Putian A -share listing of Putian, Fujian, but now it is stormy. It has plummeted 60%within a month after the resumption of trading. *Why does ST Zhonghe fall so much? It is understood that it is mainly caused by the following reasons:

first is a loss of three consecutive years, losing 140 million yuan and 48.29 million yuan in 2015 and 2016; Losses of 140 million yuan. Second, the company's suspected information disclosure of illegal and violations was investigated by the proven supervision. Third, the company's major shareholders' debt is suppressed and wants to repay the debt by transferring control equity.

"Investment Express" reporter noticed that many ST companies have made shells after losing money, such as selling fixed assets and taking government subsidies to make up for losses. However, the textile business of*ST Zhonghe's parent company and the wholly -owned subsidiary has been suspended from October this year, which has a great negative impact on the company's operating performance. Therefore, the company is very likely to be delisted.

NO4, Kaier New Material (300234)

has fallen this year: 67.73%

suspended trading to plan to acquire assets of Kaier New Materials. After the suspension of trading for more than 3 months, the acquisition plan of Kaier's new material finally fell. For the new Material of Kaier, which has unsatisfactory operating performance, it is undoubtedly a sharp blow. According to the announcement disclosed on August 22, the company plans that the company plans to purchase 93.4823%equity of Hangzhou Wochi Technology Co., Ltd. in the issue of assets, cash purchases or other methods of issuing shares.

said for the reasons for the termination, and Kaier's new material stated that the parties to the transaction failed to reach an agreement on the important terms of the transaction plan. The company decided to terminate the planning of the major asset reorganization. Kaier's new material said that the termination of major asset reorganizations will not affect the company's development strategy and normal operation, and promise that it will no longer plan major asset reorganization matters within two months from the date of the announcement.

is worth noting that while the company's performance is under pressure, the performance of Kaier's new material in the secondary market is not satisfactory. According to statistics, since this year, the cumulative decline in Cairo's new material has been 67.73%.

NO5,*ST on the Pap (600680)

has fallen this year: 66.29%

is near the end of the year, and the annual ST shell battle has launched again. Data show that there are as many as 28 ST companies that are still losing money in the first three quarters of this year, and 12 have a huge loss of over 100 million yuan. At present, shell -keeping tactics such as debt restructuring, asset disposal, and government subsidy are staged in these ST companies.

Recently,*ST revealed the announcement that the company intends to transfer 100%equity of the Putian orbit to Dongxin Group in an agreement. The evaluation value of 100%equity of Putian Rail Transit was 62.7953 million yuan, and Dongxin Group all paid in cash.As for the reasons for selling Putian Rail Transit, *ST Shangpu said, "The company's rail transit business-related projects have a long operating cycle and require long-term investment. The divestiture of the rail transit business will help reduce the cash flow pressure of listed companies and improve the company's operating financial status. "In addition, the company will include the profits from the transaction in the current profit and loss, increasing the company's profits in 2017.

From the perspective of the industry, the purpose of *ST’s actions above is most likely to seek to “preserve the shell”. Financial data shows that *ST Shangpu still lost 178 million yuan in the first three quarters of this year despite having suffered losses for two consecutive years and was labeled a star.

2017 has come to an end. For the A-share market, the structural trend this year is very obvious. The "Nifty 50" stands out and sets new highs repeatedly; as many as 2345 stocks fell, accounting for nearly 70% of the total number of A shares. The most miserable ones *ST Zhongan has fallen by 70.57%, and shell resources and new shares have become the hardest hit areas.

　2345 only! Nearly 70% of the stock market values ​​in the two cities have shrunk

Statistics show that from January 1 to December 14, 2017, as many as 2,345 A-share stocks fell cumulatively, accounting for 68% of the 3,452 stocks in the Shanghai and Shenzhen stock exchanges. In other words, the market value of almost 70% of stocks has shrunk since this year.

It is normal for the stock market that stock prices rise and fall, but this year is unusual. Although there are minor ups and downs, the overall market is still rising. As of December 14, the Shanghai Composite Index has risen by 6% cumulatively, with the index at its highest being 3450.49 points and its lowest being 3016.53 points; the Shenzhen Composite Component Index has risen by 9.17% cumulatively. Where did the market capitalization go?

Moreover, most of the stock market value shrinkage this year has been more than 20%. There were 1,498 stocks that fell by more than 20%, accounting for 43% of the total number of A-shares; accounting for 64% of the total number of stocks that fell.

Among them, the largest number of stocks fell by 20-30%, reaching 580, accounting for 25% of the total number of stocks that fell; followed by 490 stocks that fell by 30%-40%, accounting for 20%; the market value shrank by more than half. 126 stocks.

In addition, another interesting data is that among the 2,358 stocks that have shrunk in market value, the Shanghai main board stocks have the largest number, reaching 879, accounting for 37%; followed by small and medium-sized board stocks, with 638 stocks, accounting for 27%; Entrepreneurship There are 492 board stocks and 349 Shenzhen main board stocks.

(For more exciting content, please download and use "Trend Finance APP" and "Trend Trader APP")

shell resources and sub-new stocks have become the hardest hit areas

Ups and downs are the stock market, and ups and downs are life. It’s just that some stocks have fallen too badly: since this year, 17 stocks have fallen by more than 60% cumulatively, among which *ST Zhongan has the worst fall, reaching 70.58%; followed by the lawsuit-ridden *ST Zhonghe, which has fallen 68.73%; Sub-new stock Shanghai Yahong also fell into the top three, with a drop of 68.86%. These stocks can be regarded as the most tragic A-share stocks in 2017. Just imagine how it feels to have a market capitalization of 8 billion yuan (Shanghai Yahong: 603159) and only 2.4 billion yuan left after one year.

So, which stocks are leading the "coquettish" trend and falling out of their aura? Through data analysis, reporters found that there are still characteristics to be found.

It can be seen that among the 17 strong stocks, ST stock and the sub-new stocks listed in 2016 have the largest number, reaching 7 respectively, accounting for a total of 66.66%. In other words, ST stocks and sub-new stocks are the hardest hit areas for this year's stock price drop.

Analysis believes that the reason why ST shares and sub-IPO stocks have become concentration camps where the market value has evaporated this year must be for a reason: restructuring is tightened, new share issuance is normalized, and the value of shell resources and sub-IPO stocks will inevitably return to normal.

　 Inventory of the five major bear stocks in 2017

　NO1, *ST Zhongan (600654)

　Drop this year: 70.57%

*ST Zhongan has resumed trading on September 13, 2017 with the news of the termination of the restructuring, and has hit the limit for 12 times in a row on the board. In addition to the 5 limits before the restructuring of and the suspension of , 17 consecutive "one-word" limits set a record. The market value also evaporated by tens of billions of yuan. Several *ST Zhongan investors told the reporter of "Investment Express" that trading in Zhongan was suspended within a few days after buying Zhongan last year. After the resumption of trading, it continued to fall and not one share could be sold. Investors in margin financing and securities lending are even worse. The company wore the *ST label this year and was removed from the financing stock target.

At the end of April this year, Deloitte Touche Tohmatsu Certified Public Accountants LLP (Special General Partnership) issued a disclaimer of opinion on China Security and Fire’s 2016 financial accounting report. It is precisely for this reason that the Shanghai Stock Exchange has implemented a "delisting risk warning" on the company's stocks.

It should be mentioned that in December 2016, *ST Zhongan received a notice from the China Securities Regulatory Commission. Because the company was suspected of violating securities laws and regulations, the China Securities Regulatory Commission decided to launch an investigation into the company in accordance with the relevant provisions of the Securities Law. If the company is ultimately determined by the China Securities Regulatory Commission to have committed major illegal acts due to an investigation, the company's stocks may be subject to a delisting risk warning and may be suspended from listing.

NO2, Shanghai Yahong (603159)

Year-to-date decline: 68.86%

At 14:38 on December 5, 2017, near the closing time, Shanghai Yahong had a sudden change, and its stock price fell sharply by 5.58%, hitting a new low in a year (after ex-rights) price). As of the close of the day, the stock was trading at 23.76 yuan, with a trading volume of 8,268 lots, a turnover rate of 3.31%, an amplitude of 7.13%, and a volume ratio of 1.06. On that day, Shanghai Yahong's special equipment industry saw an overall decline of 1.69%. Among its related stocks, Jerry Holdings, Huijin Holdings, and Yimikang fell significantly, falling 9.0%, 9.0%, and 8.7% respectively. In the past year, Shanghai Yahong has fallen to the limit 9 times. On the second trading day after the limit fell, it rose 3 times and fell 6 times, accounting for 33.33% of the increase and 66.67% of the decline.

The latest three quarterly reports show that the stock achieved operating income of 430 million yuan, net profit of 31.99 million yuan, earnings per share of 0.32 yuan, and a price-to-earnings ratio of 98.56 on September 30, 2017.

Shanghai Yahong Company’s main business is the research and development, design, production and sales of precision plastic molds and supporting injection molding products. As of December 5, 2017, the number of shareholders (households) of the company was 14,968, a decrease of 2,520 households from the previous statistical day.

| NO3, *ST Zhonghe (002070)

| Year-to-date decline: 68.73%

| *ST Zhonghe can be said to be the most bizarre stock this year. It once performed 19 lower limits! This company was once prosperous and was listed as the first A-share listed in Putian, Fujian. Now it is in turmoil. It plummeted 60% within a month of resumption of trading, and its cumulative decline so far this year is as high as 68.73%. *Why did ST Zhonghe fall so sharply? It is understood that it is mainly caused by the following reasons:

First, the performance has suffered losses for three consecutive years, with losses of 140 million yuan and 48.29 million yuan in 2015 and 2016 respectively; there was no reversal in 2017 and continued in the first three quarters of 2017. A loss of 140 million yuan. Second, the company was suspected of violating laws and regulations in information disclosure and was investigated by the China Securities Regulatory Commission. Third, the company's major shareholder is burdened with debts and wants to repay the debts by transferring controlling shares.

"Investment Express" reporter noticed that many ST companies resorted to protective measures after losing money, such as selling fixed assets and receiving government subsidies to make up for losses. However, the textile business of *ST Zhonghe's parent company and wholly-owned subsidiary has suspended production since October this year, which has had a great negative impact on the company's operating performance. Therefore, the company faces a high possibility of being delisted.

NO4, Kaier New Materials (300234)

Decline this year: 67.73%

Kaier New Materials, which was planning to acquire assets, was suspended from trading. After more than three months of suspension, Kaier New Materials’ acquisition plan finally came to nothing. For Kaier New Materials, which has unsatisfactory operating performance, it is undoubtedly a negative blow. According to the announcement disclosed by Kaier New Materials on August 22, the company plans to acquire 93.4823% of the equity of the target Hangzhou Wochi Technology Co., Ltd. through the issuance of shares to purchase assets, cash purchases, or other methods.

As for the reason for the termination, Kaier New Materials said that the parties to the transaction failed to reach an agreement on the important terms of the transaction plan, and the company decided to terminate the planning of this major asset restructuring. Kaier New Materials stated that the termination of planning for major asset restructuring will not affect the company's development strategy and normal operations, and promised not to plan any major asset restructuring within two months from the date of announcement.

It is worth noting that while the company’s performance is under pressure, Kaier New Materials’ performance in the secondary market is also unsatisfactory. According to statistics, since this year, the cumulative decline of Kaier New Materials has been 67.73%.

NO5, *ST Shangpu (600680)

Decline this year: 66.29%

Near the end of the year, the annual ST shell preservation war has begun again. Data shows that as many as 28 ST companies still suffered losses in the first three quarters of this year, and 12 of them suffered huge losses of more than 100 million yuan. At present, shell-preserving tactics such as debt restructuring, asset disposal, and government subsidies are being performed on these ST companies.

Recently, *ST Shangpu announced that the company plans to transfer 100% of the equity held by Putian Rail to Eastcom Group by agreement. The assessed value of 100% equity of Putian Rail is 62.7953 million yuan, and Eastcom Group will pay all in cash.As for the reasons for selling Putian Rail Transit, *ST Shangpu said, "The company's rail transit business-related projects have a long operating cycle and require long-term investment. The divestiture of the rail transit business will help reduce the cash flow pressure of listed companies and improve the company's operating financial status. "In addition, the company will include the profits from the transaction in the current profit and loss, increasing the company's profits in 2017.

From the perspective of the industry, the purpose of *ST’s actions above is most likely to seek to “preserve the shell”. Financial data shows that *ST Shangpu still lost 178 million yuan in the first three quarters of this year despite having suffered losses for two consecutive years and was labeled a star.

126 stocks whose stock prices were cut in half in 2017