Following Huishan Dairy (06863), a cliff-like decline performed by China Financial Holdings (00875) in the early trading on April 11 made people exclaim that Hong Kong stocks are stimulating again.
Of course, those who can still exclaim are the people who are obsessed with melons. Those who bought China Financial Holdings have already suffered a lot. In order to comfort investors who have fallen into the trap and to "warn future generations", a battle-hardened Snowball user summarized a list:
At first glance, these companies are very famous. They have a long history of being in the future and looking around the world, as if they are standing at the center of the universe to do business, which is awe-inspiring. It is absolutely not easy for these companies to appear on the same list.
So Zhitong Finance found that these companies and China Financial Holdings, whose net losses increased by 11.28 times last year, have one thing in common: although the name sounds good, their performance is not good.
Asia Investment Financial Group (00033): Annual loss expanded by 76.61%
Asia Investment Financial Group was established in 2007 and is mainly engaged in credit guarantee and investment business and export business. According to Wande data, the company's current market value is 703 million yuan, with a price-to-book ratio of 1.5 times.
company announced its company's annual results on March 28. For the year ended December 31, 2016, the company realized revenue of approximately HK$122 million, an increase of 81.31% year-on-year; gross profit of approximately HK$21.896 million, an increase of 2.62 times year-on-year.
In addition, the loss attributable to equity holders of the company was HK$113 million, an increase of 76.61% year-on-year; the loss per share was HK$1.28, and the final interest rate was not paid. The announcement stated that the increase in revenue was mainly due to the contribution of the new debt-lending business classification and the increase in revenue from the mineral trading business.
operating expenses for the year ended December 31, 2016 were approximately HK$103.7 million, an increase of approximately 181.0% year-on-year. Mainly due to the Group's active search for new investments and business opportunities, operating expenses increased by nearly triple compared with 2015.
Zhitong Finance learned that as of the close of April 11, Asia Investment Financial International reported HK$0.075.
Guotou Group Holdings (01386): From making shoes to invest in finance
Guotou Group Holdings was Yingjin Group, which was mainly engaged in footwear retail.
Company issued an announcement at the end of 2016 stating that the board of directors recommended changing the company's English name from "Walker Group Holdings Limited" to "Vestate Group Holdings Limited" and adopting the Chinese name "GuoTou Group Holdings Limited" as the company's dual foreign name.
has not issued a new performance announcement after its name change, but from the interim report released by Yingjin Group at the end of November 2016, it can be seen that in the six months ended September 30, 2016, the company achieved a comprehensive income of approximately HK$300 million, a year-on-year decrease of 29.9%; the gross profit was approximately HK$151 million, a year-on-year decrease of 37.77%; the loss attributable to equity holders was HK$105 million, a year-on-year increase of 49%; the basic loss per share was HK$16.37.
According to Wande data, the company's current market value is 945 million yuan, with a price-to-book ratio of 7.5 times. The largest shareholder is China Consumer Pension Holdings Co., Ltd., accounting for 74.4% of the equity. As of the close of April 11, Guotou Group Holdings was HK$1.32.
Guoneng Group International Asset Holdings (00918): The net profit in the interim decreases by 79.4%
htmlOn March 17, First Desheng Holdings issued an announcement stating that it plans to rename it "Guineng Group International Asset Holdings". Zhitong Finance learned that First Desheng Holdings is mainly engaged in the procurement, subcontracting, marketing promotion and sales of ready-to-wear and sports clothing products, as well as property investment. For the six months ended September 30, 2016, the group's turnover was HK$107 million, a year-on-year decrease of 28.3%; net profit was HK$2.173 million, a year-on-year decrease of 79.4%; earnings per share was HK$0.0028. The announcement stated that the decrease in turnover was due to the warmer weather in the United States in the fall of 2015 that the group's U.S. customers hoarded higher inventory, so fewer orders were placed with the group during the review period.
According to Wande data, the company's current market value is 496 million and its price-to-book ratio is 12 times. As of the close of April 11, Guoneng Group International Asset Holdings was HK$0.64.
China Soft Power (00139): Stock trading is the main business?
Zhitong Finance article titled "China's Soft Power (00139) Industry's "first loss" is really weak?" It pointed out that in 2015, among the 17 companies in the semiconductor industry, China's Soft Power ranked first with a loss of HK$1.252 billion, and its total assets were only HK$1.316 billion, which basically lost all the assets. In 2014, China Soft Power lost 1.275 billion yuan in its annual net profit.
The loss in 2015 was mainly due to huge losses in stock investment, among which the stocks held had real estate losses of approximately HK$504 million and the unrealized losses of approximately HK$670 million. The loss in 2014 was also due to the sharp drop in the stock price during the year.
It is reported that China's main business of soft power includes buying and selling and distributing electronics and supporting products, developing integrated circuit technology, financial investment and buying and selling, securities investment, etc.
According to its 2015 annual report, its revenue comes from electronics and supporting products and financial investment and services (including securities investment). Among them, the electronics and supporting products business revenue was only HK$650,000, far less than HK$2.76 million in brokerage expenses and commission expenses such as stock trading, and financial investment and services lost HK$473 million. From this point of view, stock trading is the main business of China's soft power.
According to Wande data, the company's current market value is 2.38 billion, and its price-to-book ratio is 2.2 times. As of the close of April 11, China's soft power was at HK$0.265.
China National Cultural Industry (00745): Annual financial assets are expected to lose 122 million
The main business of China National Cultural Industry is building construction, renovation and related services, as well as providing advertising and media services. On April 10, the company issued an announcement stating that it expects that the net realized and unrealized losses of financial assets held for trading will be approximately HK$122 million for the year ended March 31, 2017.
Zhitong Finance learned that in the six months ended September 30, 2016, the company achieved a turnover of approximately HK$34.717 million, an increase of 239.1% year-on-year; the gross profit was approximately HK$7.718 million, an increase of 1.01.99% year-on-year; the net loss attributable to owners was HK$18.977 million.
According to Wande data, the company's current market value is 344 million yuan and its price-to-book ratio is 0.39 times. As of the close of April 11, China's National Cultural Industry was reported at HK$0.035.
National Joint Resources (00254): Last August suspended trading to date
National Joint Resources is mainly engaged in resource trade, advertising media, precious metal trading and automobile services. On August 1, the company was ordered to suspend trading by the Hong Kong Securities and Futures Commission in accordance with Article 8(1) of the Securities and Futures Rules, and has been suspended since then.
Zhitong Finance also wrote an article for National Joint Resources, titled "Can National Joint Resources (00254) be able to relieve the suspension crisis with 100 electric buses?" The article pointed out that most companies that have been suspended by the Hong Kong Securities Regulatory Commission under Rule 8(1) in the past involve public accounts fraud.
Zhitong Finance learned that the company lost HK$69 million and HK$65 million in 2014 and 2015 respectively, while its revenue was only HK$350 million and HK$380 million.
According to Wande data, the company's current market value is 910 million yuan and its price-to-book ratio is 0.99 times.
Imperial Group Global Holdings (00776): The annual loss expanded by 60%
Imperial Group Global Holdings Group is mainly engaged in the manufacturing and sales of furniture, household products and accessories, as well as wooden furniture using stainless steel as raw materials.
company announced at the end of March that in 2016, the company achieved revenue of approximately HK$163 million, a year-on-year decrease of 1.68%; gross profit of approximately HK$16.3016 million, a year-on-year increase of 6.9%. The loss attributable to the company's owners was HK$16.6023 million, an increase of 60% year-on-year; the loss per share was HK$0.06.
According to Wande data, the company's current market value is 877 million yuan, and its price-to-book ratio is 7.4 times. As of the close of April 11, Imperial Group Global Holdings was HK$0.155.
Global Strategy Group (08007): Annual earnings fell 83.24%
Global Strategy Group has a wide range of business, that is, it provides Internet and e-commerce composition solutions, information technology consultants and technical support services, and involves commodity trade, and also provides natural gas supply. In 2016, the company's revenue was HK$36.379 million, a sharp drop of 83.24% year-on-year; the gross profit was HK$1.038 million, a year-on-year increase of 2.5 times; the loss attributable to the company's owners was HK$33.224 million, a year-on-year decrease of 59.21%; the basic loss per share was HK$0.62.
Company acquired 49% of the equity of Yichang CNPC Natural Gas Utilization Co., Ltd. on February 24, 2016. After the acquisition was completed, Yichang China National Petroleum Corporation became an indirect subsidiary of the company's 49% stake.
According to Wande data, the company's current market value is 3.922 billion, and its price-to-book ratio is 6.9 times. As of the close of April 11, Global Strategy Group was at HK$3.21.
Future World Finance (00572): Auditor Statement cannot express opinions
Future World Finance's business is mainly concentrated in resource development trade business and financial business (including securities trading and money lending business).
's performance announcement released on March 22 stated that in 2016, the company achieved revenue of approximately HK$78.369 million, an increase of 90.32% year-on-year; gross profit of approximately HK$78.222 million, an increase of 494.98% year-on-year. In addition, the net profit attributable to the owner of the company was approximately HK$97.451 million, a loss of HK$47.62 million from the previous year; the basic profit per share was HK$1.61, and no dividend was paid.
However, the independent auditors did not express their opinions on the summary of the report prepared by the Group for the year ended December 31, 2016.
According to Wande data, the company's current market value is 3.44 billion, and its price-to-book ratio is 5.5 times. As of the close of April 11, Future World Financial News was HK$0.53.
In fact, there are many companies in the Hong Kong stock market that seem to be very famous but have not performed well, and investors still need to keep their eyes open to avoid the minefield.
