If there was no today's limit down, Demei Chemical's various conceptual halos would have allowed five consecutive daily limit ups to continue... Narration: Although I received a regulatory letter to send a pork gift box last year, I am sorry for the villagers if the pork price ha

When I was a child, everyone was wondering why there were always endless treasures in Doraemon's pocket?

When everyone grew up, when they started trading stocks, they wondered why Demei Chemical, in the A-share market, always has countless hot spots to hit the daily limit?

If there is no limit down today, Demei Chemical's various concept halos will continue to rise for five consecutive daily limits...

I have pork, hydrogen energy, and venture capital!

In this year's A-share market, pork, hydrogen energy, venture capital and other concepts are all available. If you touch a concept, the stock price can go directly to the sky, while Demei Chemical accepts everything with a smile and accepts everything as required. The good show between it and the regulators and investors started so shockingly...

Episode 1: Pork price increase

Investors: Do you raise pigs?

Demei Chemical: In 2015, I will give you fresh meat sausages, from 2016 to 2018, I will give you the "Anxin Meat Gift Box". Welcome to try and buy it!

Regulatory level: Your announcement contains the WeChat public account and online store QR code advertising information of its holding subsidiary Yingnong Group, and uses propaganda words such as "traceable source", "own farm", and "high-quality and strict selection", which violates the listing rules...

Narration: Although I received a regulatory letter to send a pork gift box last year, as the pork prices rose so far this year, I am sorry for the villagers.

Episode 2: Venture Capital Incubation Note

Regulatory level: A-shares are about to usher in the Science and Technology Innovation Board!

Stock investors: Do you have venture capital business?

Demei Chemical: I have Demei Science and Technology Park operated by Deyun Venture Capital!

Investors: You can hit the daily limit...

Episode 3: Hydrogen Fuel Takeoff

Regulatory layer: Vigorously promote the innovative development of my country's hydrogen energy and fuel cell vehicle industry.

Stock investors: Do you have hydrogen energy or fuel cell business?

Demei Chemical: The methane hydrogen production of Zhongwei Chemical's subsidiary company and the hydrogen cracking project under construction by Derong Chemical are all promising and potential.

Investors: OK, you can continue to hit the daily limit...

cross-border losses for many years

Although Demei Chemical made the market boil last week, as soon as the financial report came out, the five consecutive daily limit immediately came to an abrupt end.

Last night, Demei Chemical released its 2018 annual report and first quarter report, with revenue reaching 1.66 billion yuan last year, a year-on-year decrease of 32.4%; net profit attributable to shareholders was 52.332 million yuan, a year-on-year increase of 93.8%; revenue attributable to shareholders was 310 million yuan, a year-on-year decrease of 8%, and net profit attributable to shareholders was 20.276 million yuan, a year-on-year increase of 2119.6%.

At the same time, it released its performance forecast for the first half of this year, saying that the company's net profit change range in the first half of the year was between 43 million yuan and 57 million yuan, and the net profit growth rate fluctuated between 51.04% and 100.22%.

's glamorous financial report data and the market's unwillingness to buy it, the reality of its cross-border losses for many years is hidden.

Demei Chemical originally focused on textile printing and dyeing business, but at a time when the domestic textile industry was growing weakly, the company started to transform across the border. In 2011, it invested in agriculture and animal husbandry and launched high-end pork products with the leading brand of "Yingong Agriculture and Fragrant Pig". In 2015, the company entered the petrochemical field through the acquisition of Zhongwei Chemical. After two cross-border layouts, Demei Chemical has formed a business structure of three major sectors: fine chemistry, petrochemicals, agriculture, animal husbandry and food.

According to the annual report, its beautiful vision has always been the flowers in the mirror and the moon in the water. This year, the revenue of agricultural and animal husbandry business was only 59.8136 million yuan, accounting for only 3.6% of the company's revenue, a year-on-year decline of 30.25%. The operating entity of the business, Yingnong Group, continued to suffer losses, with losses of RMB 50.63 million, RMB 49.15 million and RMB 20.66 million respectively from 2016 to 2018.

The petrochemical sector is also in a downturn. From 2016 to 2018, Zhongwei Chemical's net profit was RMB 34.8 million, RMB 47.95 million and RMB 36.496 million, respectively.

Although its semi-annual report forecast stated that the losses of Zhongwei Chemical, the holding subsidiary, changed its operating model and the adjustment of Yingnong Group's operating strategy, have dropped significantly, but when they will turn losses into profits, it still tests investors' patience.

In addition, Demei Chemical's operating performance is also inseparable from investment income and government subsidies.

From 2016 to 2018, the company received investment income of RMB 115 million, RMB 30.36 million and RMB 29.8165 million, and received subsidies included in the current profit and loss of RMB 23.3972 million, RMB 16.5716 million and RMB 19.7142 million, respectively, accounting for 93.51%, 173.82% and 94.65% of the current net profit.

Foshan There are messy people doing side business in listed companies

Moreover, Demei Chemical's "heroic deeds" of making dyes, raising pigs, and petrochemicals have completely led the villagers listed in Foshan to play cross-border transformation.

*ST Deao is also the same as Demei Chemical. In 2014, *ST Deao, originally named " Yilipu ", was also a small home appliance company. Through asset restructuring and acquisitions, many German companies entered the general aviation field. In 2017, it was planned to acquire Zhenai.com, but it was left unresolved.

. In the days when it sparked sparks with Zhenai.com, it married Karakar, an information service provider, and announced its layout in the "Internet +" field. It just blindly took advantage of the hot spots and made it slow to enter the "harvest period". After experiencing this series of farces, the company is about to face suspension of listing after suspending trading today.

If you ask what the listed Foshan companies like to play most across the border, it is the automobile. Taking Oriental Precision as an example, in 2017, it acquired Pride, a leading manufacturer of new energy vehicle power batteries with a net asset of 226 million yuan for 4.75 billion yuan, with a premium rate of up to 1992%. At that time, Pride made a performance commitment of no less than 250 million yuan in 2016. According to financial data, Pride's net profit excluding non-operating items in 2016 was 312 million yuan, exceeding its target; while Oriental Precision's net profit in 2016 was 88.3584 million yuan.

However, according to the latest annual report, its cross-border acquisition finally came into trouble, directly setting up Pride's goodwill impairment provision of 3.848 billion yuan, and a loss of 3.88 billion yuan last year.

In addition, Keda Clean Energy, Shunwei Co., Ltd. and others have intervened in the automotive industry.

The main business is not prosperous and relies on investment income and subsidies. After the "hot spot king" Demei Chemical experienced the crazy situation of various concepts, it was beaten back to the world...