From November 5 to November 8, Paisi Co., Ltd. (603318) closed four consecutive limit downs. After the opening of today, Paisi shares opened the limit down several times, but under the continuous pressure of selling, the stock's stock price was eventually closed to the limit down again. So far, Paisi shares has closed at 5 consecutive limit downs.
In the seven trading days since November 1, the cumulative decline of Paisi shares has reached 46.7%. The stock has also become the weakest product in the short-term market, and has attracted high attention from the market.
As of the time of publication of e Company, Paisi Co., Ltd. was reported at 15.65 yuan, down 1.74 yuan, down 10.01%.
stock price halved
Recall Paisi shares year-to-date stock price trends, which can be found that the stock has previously experienced a small slow bull market.
In February this year, Paisi shares started from around 12 yuan, and the stock price fluctuated and rose all the way, and hit a high of 33.5 yuan on October 15. From February this year to October 15, the maximum cumulative increase of Paisi shares exceeded 170%. After
reached a high of 33.5 yuan, the stock price of Paisi shares began to weaken.
On October 31, Paisi Co., Ltd. disclosed its 2019 third quarter report. The third quarter report shows that the company achieved operating income of 258 million yuan in the first three quarters of this year, a year-on-year decline of 22.11%; net profit of -66.22 million yuan, a year-on-year decline of 717.91%; basic earnings per share -0.16 yuan. After the third quarter report of
was disclosed, Paisi shares officially started a downward mode. On November 1 and November 4, the declines of Paisi shares were 3.61% and 6.36% respectively. Starting from November 5, Paisi Co., Ltd. entered a stage of accelerated decline, and the stock price closed at 4 consecutive limit downs.
It should be pointed out that on November 8, Paisi shares once opened the limit down during the trading session, with the trading volume increasing to 910 million yuan throughout the day, and the turnover rate reached 13%.
Today, Paisi shares opened at 16.3 yuan, and then the stock price was quickly suppressed to the limit down board, and the stock price also opened several times during this period. By the time of publication of e-company reporters, the share price of Paisi shares is still at a limit down. In the seven trading days since November 1, the stock has fallen by 46.7%. And if we count from the high of 33.5 yuan that the stock hit on October 15, the stock price of Paisi shares has been cut in half.
hot money fleeing?
As the short-term stock price continued to fall sharply, Paisi Co., Ltd. issued two "Announcements on abnormal fluctuations in Paisi Co., Ltd. " on November 6 and November 9.
Paisi Co., Ltd. stated in the announcement that after the company's self-inspection, as of the date of disclosure of the announcement, the company's production and operation activities were normal and there were no major changes in daily operation. After the company's self-inspection and inquiry in writing, as of the date of disclosure of the announcement, the company's controlling shareholder did not have any major situations that affected the fluctuations in the company's stock trading price, nor did there be any major information that should be disclosed but not disclosed, including but not limited to major asset mergers and acquisitions, share issuance, acquisitions of listed companies, debt restructuring, business restructuring, asset divestiture and asset injection.
A senior securities analyst said that judging from the current public information of Paisi shares , there is no negative news that can trigger a sharp short-term decline in the company's stock price. The current trend of the company's stock price is likely to be caused by the hot money that has intervened before, and the short-term escape has caused the stock price to be overwhelmed.
Paisi shares 11 Dragon and Tiger List data on November 6 showed that the top 3 sales departments were Zhongshan Securities Shenzhen Meilin Road Branch, Fortune Securities Jieyang Huangqishan Avenue Branch and Zhongtou Securities Guangzhou Sports East Road Branch; the data on November 7 showed that the top 2 sales departments were Fortune Securities Shenzhen Xianglin Road Branch and Guosen Securities Shanghai Beijing East Road Branch; the data on November 8 showed that the top 5 sales departments were Anxin Securities Guangzhou Lied Avenue Branch, Guotai Junan Shenzhen Hongli West Road Branch, CICC Shanghai Huangpu District Hubin Road Branch, Haitong Securities Shenzhen High-tech South Fourth Road Branch and Everbright Securities Shenzhen Menghai Avenue Branch.
performance commitments may be difficult to fulfill
It should be pointed out that in addition to the sharp decline in the short term of stock prices, Paisi Co., Ltd. 's third-quarter performance losses are also paid attention to, because this largely determines whether the performance commitments made by the company's controlling shareholder and original actual controller can be fulfilled.
Paisi Co., Ltd. has now formed three major business segments: gas equipment business, gas operation business and distributed energy comprehensive service business. In addition, the company has also invested in the Ordos Phase 1 110×104N m3/d natural gas liquefied factory project, and achieved the strategic goal of multi-dimensional coordinated development through active layout in the new energy field. According to the plan of Paisi Co., Ltd. , by 2020, it strives to achieve the parallelization of three lines: high-end equipment manufacturing, clean energy and new energy. The three lines have core products or core services and form a certain scale.
Paisi Co., Ltd. announced on the evening of December 10, 2018 that the controlling shareholder Paisi Investment and the actual controller of the company Xie Bing signed a "Share Transfer Framework Agreement" with Shandong state-owned enterprise Shuifa Zhongxing Group. Paisi Investment intends to transfer its 2.121 billion shares of Paisi Co., Ltd. to Shuifa Zhongxing Group, accounting for 29.99% of the total share capital of Paisi Co., Ltd. After the transfer of shares is completed, Shuifa Zhongxing Group will initiate a partial offer of 20.01% of the shares to shareholders of Paisi Co., Ltd. except Shuifa Zhongxing Group. After the acquisition is completed, Shuifa Zhongxing Group will hold a total shareholding ratio of no more than 50.00%.
Paisi Co., Ltd. announced on the evening of June 4 this year that the controlling shareholder Paisi Investment and others signed a supplementary agreement on the Paisi Co., Ltd. 29.99% share transfer framework agreement. Paisi Investment and its joint actors promised to recognize Shuifa Zhongxing Group as the controlling shareholder of Paisi Co., Ltd. and have control over Paisi Co., Ltd. . The company's controlling shareholder was changed from Paisi Investment to Shuifa Zhongxing Group, and the company's actual controller was changed to Shandong Provincial State-owned Assets Supervision and Administration Commission.
It is worth mentioning that Paisi Co., Ltd. former controlling shareholder Paisi Investment and the former actual controller Xie Bing jointly promised that the audited net profit of Paisi Co., Ltd. in 2019, 2020 and 2021 will not be less than 50 million yuan, 60 million yuan and 70 million yuan respectively, and the cumulative promised net profit in three years is 180 million yuan.
However, Paisi shares suffered a loss of 66.22 million yuan in the first three quarters of this year, which means that the performance commitments made by Paisi Investment and Xie Bing may be difficult to fulfill.
