, Futian, whose institutional funding participation reached 57%, and the losses still need to be solved, hit the daily limit when the market fell and many of its peers' stock prices fell, which was a bit strange.
main control, the stock price rose sharply
August 7, the stock price of Foton Motor rose to a maximum of 2.31 yuan, the number of active purchases was 1.428 million, the transaction volume was 702 million, the stock price rose 10%, and the daily limit was hit on the day.
The main capital pull may be an important reason for the sharp rise in Foton's stock price. According to Oriental Wealth data, on August 7, Futian's main force had a net inflow of 200 million yuan, with an institutional participation of 56.89%, which was a complete control, indicating that Futian was in a state of high institutional participation. On the same day, Great Wall Motors' main funds had a net inflow of 30.19 million, with an institutional participation of 26.87%, which was a medium-level control. Changan Automobile net outflow of 91.03 million on the same day, with an institutional participation of 21.27%, which is a light control of the disk.
In terms of capital flow, Futian’s inflow of funds on August 7 was mainly large orders, while outflows were mainly small and medium orders. On that day, Futian's net inflow of super-large orders was about 270 million, accounting for 38% of the inflow funds; large orders were nearly 200 million, accounting for 29% of the inflow funds. The mid-selectronic outflow was 230 million yuan, accounting for 33% of the outflow of funds; the small order was 190 million yuan, accounting for 27% of the outflow of funds. In contrast, only 107 million large orders leaked that day.
Futian did not have a high degree of institutional fund participation on August 7. In recent days, institutional funds have increased to buy and sell Futian stocks. According to relevant data, from July 8 to August 7, Futian's institutional participation rate was between 31.74% and 56.89%.
Fotian's daily limit is quite eye-catching, whether compared with the market or the automotive sector. On August 7, the Shanghai Composite Index fell 0.96, and the Shenzhen Component Index fell 1.55%. Changan Automobile , BYD , GAC Group and SAIC Group all fell on the same day.
sales have risen, and the shortage is to be solved
Futian has indeed had good news in recent days. On August 3, Foton Motor issued an announcement revealing that as of the end of July 2020, the company had repurchased a total of 86.9047 million shares through centralized bidding transactions, accounting for 1.32% of the company's total share capital.
htmlOn August 2, Foton Motor issued an announcement that in the first seven months of this year, the company sold a total of 309,000 complete vehicles and 179,000 engines, a year-on-year increase of 23% and 10% respectively.However, according to previous performance data, it is difficult for Futian to turn losses into profits in the first half of this year. Although Foton's sales in March this year were almost the same as the same period last year, Foton still lost 290 million yuan in the first quarter of this year. At the same time, Foton Motor also stated in the announcement that the company did not repurchase shares in July this year.
Foton Motor mainly focuses on the production of commercial vehicles and truck engines. It has previously launched the Borgward brand and intervened in passenger car production, and later sold Borgward and other loss-making businesses.
Foton Motor was once the largest commercial vehicle company in China and has been surpassed by its competitors. Futian, whose sales volume has been overtaken for a long time, was in short supply. From 2014 to 2019, Futian suffered losses after deducting non-operating items.
Since this year, Futian has sold non-core companies such as Huairou Heavy Machinery Factory and Hebei Resa Heavy Construction Machinery. The company said that the transfer payment obtained by divesting loss-making non-core businesses will be used to repay bank loans, etc.
