After the hottest real controller announced a bott

2022-07-24
  • Detail

How to go after the actual controller announced the "bottom-up shareholding increase" of Zhongshun jierou rose by 7%

release date: the impact absorption performance and puncture resistance test standard requirements in gb/t 2812-2006 "helmet test methods" source: China first finance and economics

a-share market has found a "good old board in China". "You win and I lose" -- the actual controller of Zhongshun jierou made such a commitment when calling on all employees to increase their shares in the company

on the evening of May 9, dengyingzhong, the actual controller of Zhongshun jierou, issued a letter on proposing all employees to increase their share holdings, encouraging all employees of the company and its subordinate holding companies to actively buy the company's shares on the premise of voluntary and compliance

dengyingzhong promises that if the sensory and physical and chemical indexes of all 18 batches of samples purchased from the two places meet the national standards, the employees who purchased shares (not less than 1000 shares) between May 10 and May 31 and continuously held them until May 30, 2022 will be fully compensated by individuals in case of any loss, and there is no upper limit for compensation. Dengyingzhong also promised not to reduce or pledge his direct or indirect shares of the company in any way in the next year

on May 10, the share price of Zhongshun jierou achieved "instant results" and reached a record high in the session. As of the close of trading, Zhongshun jierou shares rose 7.12% to 32.35

insiders said that although the "bottom holding" has obvious short-term stimulating effect on the company's stock price, the fundamentals are the foundation of the long-term performance of the stock price

1 shares will not be reduced. The boss called for a bottom-up increase. The annual report shows that by the end of 2020, Zhongshun jierou had 6618 employees, and the number of shares increased by 6.618 million, with a corresponding market value of about 200million, based on an increase of 1000 shares per person. As of the closing on May 10, the total market value of Zhongshun jierou was 42.4 billion

the table of Zhongshun jierou shows that preferential tax rates are applied to some products originating from 40 underdeveloped countries such as Laos and Sudan. The loss caused by the increase in shareholding refers to the net purchase of the company's shares (not less than 1000 shares) by Zhongshun jierou and all employees of its subordinate holding companies during the period from May 10, 2021 to May 31, 2021. The price of the company's shares held by them after 12 months is lower than the average purchase price of the shares during the increase in shareholding, Dengyingzhong will fully compensate the loss with his own funds, and there is no limit on the maximum amount of compensation

before the trading on May 10, Zhongshun jierou also disclosed the announcement that the actual controller promised not to reduce its holdings. Dengyingzhong promised: "before May 30, 2022, I will not reduce or pledge my direct or indirect shares in the company by any means, including the new shares due to the transfer of capital reserve and the distribution of stock dividends during the commitment period. In case of violation of the above commitments, all the proceeds will belong to the company."

in fact, every time the market performance of the two markets is depressed, the market will roll up a tide of bottom holding, which is mainly because the bottom holding can stimulate the stock price performance in the short term. Many of the controlling shareholders proposed that employees increase their shareholding due to a high proportion of pledge, which is actually a helpless move to maintain their own equity pledge price

do investors follow or not follow the pledge of listed companies? "Investors should keep their eyes open. First of all, whether the actual controller's shares held by employees are pledged in a high proportion; second, whether the actual controller is in the process of reducing its holdings, or whether there is a plan to reduce its holdings. In the past, there have been outright pledges as a way for the actual controller to cash out in disguised form." A senior market analyst told China first finance

from the perspective of equity structure, as of April 30, dengyingzhong directly and indirectly held about 297million shares of Zhongshun jierou, with the latest market value of about 16.1 billion, all of which were in circulation

among them, Guangdong Zhongshun Paper Group Co., Ltd. (hereinafter referred to as "Zhongshun paper") is the controlling shareholder of the listed company, and dengyingzhong holds 60% of the equity of Zhongshun paper, corresponding to about 225million shares. Meanwhile, dengyingzhong holds 100% of Zhongshun company, with 267million shares; In addition, dengyingzhong directly held 6752800 shares of the company, accounting for 0.51% of the total share capital

it is worth mentioning that since the listing of Zhongshun jierou, the actual controllers of the company, Mr. dengyingzhong, Mr. dengguanbiao and Mr. dengguanjie, have never directly or indirectly reduced or pledged the shares of the company

the stock price is at a high level. Do investors follow or not

as of the closing on May 10, Zhongshun jierou rose 7.12% to 32.35, another record high. Over the past year, the share price trend of Zhongshun jierou has maintained a strong performance. Since 2020, the company's share price has risen from 12.62 to 32.35, with a cumulative increase of 250%

"compared with the bottom-up shareholding increase issued by the controlling shareholders with low share price and high pledge, Zhongshun jierou proposed to increase the shareholding when the share price kept hitting a new high, which at least showed the actual controller's confidence in the company. Because the share price was at a high level, the amount of loss compensation after the decline was also greater." The aforementioned analysts pointed out

first finance noted that since this year, Zhongshun jierou has an obvious intention to maintain its share price. In January, the company announced that it planned to repurchase the company's shares at a price of 180million-360million, with a repurchase price of no more than 31.515/share, for use in equity incentive plans or employee stock ownership plans

on May 7, Zhongshun jierou announced that the Company repurchased shares by means of centralized competitive trading through repurchase of special securities accounts. The total number of shares repurchased was about 10.74 million, accounting for about 0.8189% of the company's total share capital. The highest transaction price was 30.60/share, the lowest transaction price was 23.27/share, and the total transaction amount was about 270Million

unlike other outright increases, Zhongshun jierou's "outright increase" is more like "buying at a high level". Analysts pointed out that the long-term trend mainly depends on the fundamentals of the company after the short-term stimulation of the company's share price by the bottom holding

Zhongshun jierou is a leading enterprise in the field of A-share household paper and the first domestic A-share listed household paper enterprise. At present, the company has three brands: jierou, Taiyang and duoleimi; The products focus on roll paper, coreless roll paper, draw paper, paper handkerchief, wet wipes, personal care products, baby diapers, cotton soft towels, etc

in 2020, Zhongshun jierou achieved an operating revenue of 7.823 billion, a year-on-year increase of 17.91%; The net profit attributable to the parent company was 906million, a year-on-year increase of 50%; The net profit attributable to the parent company after non deduction increased by 51% year-on-year, and the scale of net profit from revenue was the highest in history. During the reporting period, the finished household paper was the absolute source of profit of the company, accounting for 95.86% of the total revenue and 42.1% of the gross profit margin

since 2015, the performance of Zhongshun jierou has stepped into high-speed growth. From 2015 to 2020, many foreign cases adopted the compound annual growth rate of the operating income of the metal faced polyurethane composite board company exceeding 20%; The net profit attributable to the parent company increased from 88million to 905million, achieving a cumulative increase of 10 times in five years

in the first quarter of this year, Zhongshun jierou achieved an operating revenue of RMB 2.102 billion, a year-on-year increase of 25.81%; The net profit attributable to the parent company was 271million, a year-on-year increase of 47.81%; Net profit not attributable to the parent company was RMB 267million, an increase of 43.02% year-on-year

"if the actual controller keeps his promise, it will be a risk-free deal for employees. However, it is rare for bull stocks to increase their holdings. For ordinary investors, there are many factors to consider, and risks and opportunities coexist." The aforementioned analyst added

Copyright © 2011 JIN SHI