After being affected by the genetically modified concept for three consecutive daily limits, an announcement from Longping Hi-Tech has attracted some investors' "concern".
htmlOn the evening of January 3, Longping Hi-Tech issued an announcement that after just completing the reduction of 4 million shares, Liao Cuimeng, director of the company's director, member of the decision-making committee, president and director of the executive committee, plans to reduce the holdings of the company's shares by no more than 690,000 shares through centralized bidding and bulk trading within 15 trading days from the date of disclosure of the announcement, accounting for 0.05% of the company's total share capital.
Source: Announcement of listed companies
Although there are not many plans to reduce holdings, some investors still expressed their concerns. An investor said, "I have reduced my holdings, what should I do on Monday?" Some investors said, "Is it time to run away on Monday."
Source: Dongcai Choice
The stock price has risen sharply in recent days
Wait for ten years, genetically modified corn and soybeans have finally made progress in applying for safety certificates.
Recently, affected by this news, "seed stocks rose sharply" once ranked first in the hot search list for finance. As the industry leader, Longping Hi-Tech is sought after by funds and ranks first in the hot search list of Tencent self-selected stocks mini program .
Source: Tencent self-selected stocks mini program 1 January 3 hot search list
on the market showed that Longping Hi-Tech stock price rose 42.06% in 4 trading days, and the stock price hit a new high since August 23, 2018 (after ex-dividend). Among them, it closed up 6.70% on December 30, 2019; on December 31, 2019, January 2, 2020, and January 2, 2020, Longping Hi-Tech all hit the daily limit, with the latest number of orders blocked at 144,000 lots.
Source: Tencent self-selected stocks mini program
Longping Hi-Tech 's rise is related to a GMO news.
On December 30, 2019, the Science and Technology Education Department of the Ministry of Agriculture and Rural Affairs announced that it plans to approve the issuance of genetically modified safety certificates for 192 plant varieties, including the genetically modified corn "DBN 9936" of Dabeinong and the genetically modified corn "double anti-anti-12-5" of Hangzhou Ruifeng / Zhejiang University . Hangzhou Ruifeng is a stake in Longping Hi-Tech .
According to the announcement, Longping Hi-Tech now holds 25.14% of the equity of Hangzhou Ruifeng, and its affiliated party Chengtong CITIC Agricultural Structure Adjustment Investment Fund (Limited Partnership) holds 16.67% of the equity of Hangzhou Ruifeng through Shenzhen Kunxin Ruihang Technology Partnership (Limited Partnership).
Longping Hi-Tech said that as the only industrial investor in Hangzhou Ruifeng, the company has carried out comprehensive cooperation with Hangzhou Ruifeng and Professor Shen Zhicheng in the field of trait research and development and industrialization of genetically modified crops, and realizing the transformation of genetically modified technology. The Hangzhou Ruifeng Group is founded by Professor Shen Zhicheng. It is an excellent company specializing in the research and development and industrialization of genetically modified crop traits.
Source: Listed Company Announcement
CITIC Securities pointed out, "Since 2009, this is the first time that GM corn has made progress in applying for a safety certificate." Ping An Securities said that the incremental space brought by the genetically modified seed industry comes from providing a complete set of solutions. The domestic corn planting area is 530 million mu. Calculated at 10 yuan/mu technical fee, the market space is conservatively estimated to be 5.3 billion yuan.
As soon as the news came out, institutions knocked on the door to investigate. Longping Hike 2 Investor Relations Activity Record Table disclosed on the afternoon of November 3 showed that representatives of four institutions, including Guotai Junan , Chongyang Investment , Jiangxi Chaowang Investment Co., Ltd., and Guolian'an Fund Management Co., Ltd., , went to Longping Hike for investigation on January 2, and the company introduced the research and development status and advantages of corn biotechnology.
Source: Listed Company Announcement
Longping Hi-Tech Previously released the "2018-2019 Business Annual Business Situation Report" shows that the company's revenue mainly comes from rice seeds, followed by corn seeds. From October 1, 2018 to September 30, 2019, rice seeds and corn seeds contributed revenue of 1.558 billion yuan and 809 million yuan respectively, accounting for 46.91% and 24.37% of the total revenue.
Source: Listed Company Announcement
However, in terms of performance, Longping Hi-Tech
In the first three quarters of 2019, Longping Hi-Tech achieved revenue of 1.199 billion yuan, a year-on-year decline of 17.66%, with a loss of 269 million yuan. After deducting non-operating items, the loss expanded to 329 million yuan. The company said that the main reasons for the decline in net profit were: seasonal losses in the industry in the third quarter. At the same time, factors such as the increase in average daily loan amount, changes in loan exchange rate, and rising loan interest rates in the first three quarters of (2019) led to an increase in the company's financial expenses, and the income generated by overseas investment and financial asset investment decreased compared with the previous period. Affected by the downward trend in the industry, seed industry profits have declined.
Source: Listed Company Announcement
Hot Funds Buy Large Funds Continuous Shipping
Dragon Tiger List Show that during the big rise, hot money from Shenzhen and Jiangsu, Zhejiang and Shanghai areas bought Longping Hi-Tech .
Guosen Securities Shenzhen Zhenhua Road Securities Branch bought 44.13 million yuan and 139.5717 million yuan on December 31, 2019 and January 2, 2020, totaling 184 million yuan. Dongcai Choice data shows that since 2019, the seat has appeared on the Dragon and Tiger List 46 times, with a total transaction volume of 1.831 billion yuan, ranking 10th in strength.
Shenwan Hongyuan Dongchuan Road Securities Branch of Minhang District, Shanghai bought Longping Hi-Tech .157 billion yuan on January 2. According to data from Dongcai Choice, this seat is a "strong hot money". Since 2019, the seat has appeared on the Dragon and Tiger List 10 times, with a total transaction volume of 8.078 billion yuan, ranking 19th in strength.
was sought after by hot money, and there were also funds shipped continuously. During the period when Longping Hi-Tech scored three daily limits, the daily sales amounts of CITIC Construction Investment Beijing Anli Road Securities Branch were RMB 62.2042 million, RMB 10.7547 million, RMB 124.69.790,000, respectively, with a total cash out of RMB 359 million. There are differences in institutional funds. The Dragon and Tiger List on January 2 showed that there were 3 institutional dedicated seats with a total purchase amount of 247 million yuan on the same day, and 2 institutional dedicated seats with a total sale amount of 127 million yuan on the same day. However, on the other two daily limit days, three institutional special seats bought a total of 76.19 million yuan, and no institutional special seats were sold.
Source: Dongcai Choice
It is worth noting that in the Dragon and Tiger List on December 31, 2019, two local business department seats appeared in Changsha, namely Yingda Securities Changsha Furong Middle Road Securities Branch and Guosen Securities Changsha May 10 Avenue Securities Branch. The total selling amount reached 39.87 million yuan and the purchase amount was 0 yuan.
Source: Dongcai Choice
The president just reduced his holdings and monetized 54.25 million yuan
In fact, the company's president Liao Cuimeng just completed a round of holdings reduction. In June 2019, Longping Hi-Tech announced that Liao Cuimeng plans to reduce his holdings by no more than 4 million shares within 6 months (that is, to January 3, 2020). It has been implemented so far, with a total reduction of 4 million shares. According to the average price of share reduction, a total of 54.25 million yuan was cashed in.
It is worth noting that Liao Cuimeng's above 4 million shares reduced their holdings in late December 2019, and he also reduced his holdings during the recent surge in stock prices. On December 30, 2019, the holdings of 420,000 shares were reduced, on December 31, 2019, the holdings of 700,000 shares were reduced, and on January 2, 2020, the holdings of 64html was reduced, with a total cash loss of 26.02 million yuan, accounting for 47.96% of the total cash amount.
Source: Announcement of Listed Companies
At present, Liao Cuimeng holds 19.4553 million shares of Longping Hi-Tech shares, accounting for 1.48% of the company's total share capital. According to the latest stock price (17.80 yuan per share), its shareholding market value is approximately RMB 346 million. However, among these shares, 150.0766 million shares are restricted, accounting for 77.49% of its shares.
Source: Listed Company Announcement
Liao Cuimeng's shares were obtained by a listed company when issuing shares to purchase assets. Longping Hi-Tech The "New Share Change Report and Listing Announcement" disclosed in January 2014 mentioned that the company issued a total of 50.03 million shares to Taohai Investment and 47 natural persons including Yuan Fengnian and Liao Cuimeng to pay the consideration for purchasing 45% of the equity of Hunan Longping, a controlling subsidiary of the company.
Source: Listed Company Announcement
At that time, the issuance price was 20 yuan per share, and Liao Cuimeng obtained Longping Hi-Tech shares 11447,100 shares. Later, due to the "10 to 10" and the increase in holdings in 2015, Liao Cuimeng's holdings increased to 23.4553 million shares.
Source: Announcement of Listed Companies
Announcement shows that the shares issued by Liao Cuimeng purchased asset shares was lifted on January 11, 2017. Due to the status of senior management personnel, the annual share reduction shall not exceed 25% of the shares held in accordance with relevant laws. After the implementation of the above-mentioned share reduction plan, Liao Cuimeng has not reduced the total number of shares he has reduced since the date of disclosure of the company's 2018 annual report.
Source: Announcement of listed companies
Editor: Zhang Nan Zheng Yashuo
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