The last days of the A-share 2020 performance forecast, a number of huge losses stocks crowded with the release of huge loss announcement.
The HNA Group, which was filed for bankruptcy, has a number of listed companies with large losses. HNA Holdings (1.53+2.00%,診股) has a pre-loss of 58 billion – 65 billion, a new A-share loss record. HNA Technology (2.54 +1.60%, clinic shares), HNA Foundation (7.33-2.53%, clinic shares), Bohai Leasing (2.35 +1.29%, clinic shares) and other HNA system stocks each forecast losses are also more than 5 billion.
HNA 2020 is affected by the Epidemic, several large airlines affected by the epidemic loss is also larger. Air China (7.20 +3.60%, shares) forecasts a loss of 13.5 billion – 15.5 billion yuan, Eastern Airlines (4.59 +2.23%, shares) forecasts a loss of 9.8 billion – 12.5 billion yuan, Southern Airlines (5.83 +3.74%, shares) forecasts a loss of 7.9 billion – 10.9 billion yuan.
The car-making *ST Zotye (1.85+5.11%, shares), BAIC Blue Valley (8.74-5.00%, shares) heavy losses, *ST Zotye pre-loss of 6-9 billion, BAIC Blue Valley pre-loss of 6-6.5 billion.
ST Kangmei (2.29-1.29%, shares), ST number know (2.53-1.17%, shares), Wanda film (21.45+5.56%, shares), *ST Anxin (1.55+1.97%, shares), Taihe Group (2.67-2.55%, shares) and other losses are also large. Financial fraud ST Kangmei in last year’s huge losses, and this year’s plummeting losses of 14.8-17.8 billion yuan.
Wind statistics show that on January 30, the lower limit of loss forecast more than 5 billion stocks have 14, a combined loss of 157.8 billion – 188.8 billion. These 14 stocks involve the latest number of shareholders amounted to 1,942,100 households.
If you include the 68 stocks with a loss floor of more than 1 billion, a total of 82 stocks with a loss floor of more than 1 billion, with a combined loss of 266.3 billion yuan – 327.3 billion yuan, involving 6.95 million shareholder households.
HNA Group was filed for bankruptcy reorganization.
HNA Holdings’ pre-loss hits A-share history record
On the evening of January 29, HNA Group officially stated that creditors applied to the court for bankruptcy reorganization of the group. A number of listed companies under the HNA system also disclosed receipt of the announcement of HNA Group’s reorganization. At the same Time a number of HNA system companies issued pre-loss announcements.
HNA Holdings issued an announcement saying that the company’s finance department made preliminary calculations and expected the company to lose 58 billion yuan to 65 billion yuan in 2020. HNA Holdings this loss will set a record loss of A-share listed companies, refreshing the 2019 *ST Salt Lake record loss of 45.8 billion yuan. And the latest market value of HNA Holdings is 25.7 billion yuan.
The company’s pre-loss performance is mainly due to the impact of this year’s epidemic resulting in a significant loss in the company’s operations; at the same time, because HNA Group and other important related parties of the company were applied for reorganization by creditors, resulting in the expected possible loss of equity investments, receivables from related parties, financial assets and aircraft assets of related parties held by the company.
Because of the huge loss, HNA Holdings will be de-listed with a risk warning to wear a cap. As measured by the company’s finance department, the net profit for fiscal 2020 is expected to be negative and will result in negative net assets at the end of fiscal 2020.
If the company’s audited closing net assets for fiscal 2020 are negative, the company’s shares will be subject to a delisting risk warning after the disclosure of the 2020 annual report, according to the regulations, if the audited closing net assets for the most recent fiscal year are negative.
HNA Technology, HNA Foundation, Bohai Leasing also all have losses of more than 5 billion yuan, the supply and marketing of large collection (2.53 +4.98%, the diagnosis of shares) also have large losses, *ST Sea Creations (1.41-0.70%, the diagnosis of shares) also losses.
Three major airlines lost more than 30 billion yuan
HNA is affected by the 2020 epidemic, Air China, China Eastern Airlines, China Southern Airlines three major airlines were not spared, the three major airlines combined loss of more than 30 billion yuan. Among them, Air China has an estimated loss of 13.5 billion – 15.5 billion yuan, Eastern Airlines has an estimated loss of 9.8 billion – 12.5 billion yuan, and Southern Airlines has an estimated loss of 7.9 billion – 10.9 billion yuan.
Air China said that in 2020, the epidemic had a huge impact on the global civil aviation industry, and the demand for Chinese civil aviation passenger transportation market shrank, with production and investment reversing, and the investment in international routes dropping to extremely low levels. Since the epidemic, the scale, scope and frequency of flight adjustments have been large, and the crew quarantine and epidemic prevention have brought certain incremental costs to the company. The company’s investment in air transport enterprises also suffered serious losses.
Air China said that the company’s net loss attributable to shareholders of listed companies in the first half of the year was RMB 9.441 billion. In the second half of the year, the company grasped market opportunities and continued to strengthen revenue management and cost control, and the loss was gradually narrowed.
Two major auto stocks had losses of over 12 billion yuan.
*ST Zotye was applied for reorganization
New energy vehicle sales and share prices exploded in 2020, yet Zotye Auto (*ST Zotye), which was flirted with as a “cottage car”, and BAIC Blue Valley, a new energy vehicle, both suffered huge losses. *ST Zotye is expected to lose 6-9 billion, and BAIC Blue Valley is expected to lose 6-6.5 billion.
*ST Zotye said that the company’s 2020 year is affected by the shortage of funds, the company’s subordinate automobile production bases are basically in a state of suspension and semi-suspension of production, the company’s main product automobile vehicle production and sales volume is not large, the total sales revenue is low, resulting in a large loss of the company’s 2020 annual operating results.
At the same time, the company’s main business automotive business is in a state of suspension or semi-suspension, and the company intends to make a large amount of asset impairment provision and bad debt provision totaling about 3.5 billion yuan to 6.5 billion yuan, so the company’s overall performance loss in 2020 is huge.
*On October 10, 2020, the company received the application for reorganization of the company from Zhejiang Yongkang Agricultural and Commercial Bank to the Jinhua Intermediate Court, and the company has not yet received the court’s ruling on the application for reorganization of the company by Zhejiang Yongkang Agricultural and Commercial Bank. There is uncertainty.
BAIC Blue Valley said that due to the epidemic and other factors, the company’s production and sales volume did not meet expectations, especially the high percentage of public sales were seriously affected by the epidemic, resulting in a significant decline in revenue and gross profit, so that the existing gross profit can not cover the inherent costs and expenses, so the impact on the company’s performance amounted to about 3 billion yuan.
At the same time, with the intensification of market competition, the company increased the product structure adjustment and renewal efforts at the same time to increase the promotion of existing models, it is measured that the net realizable value of inventory is lower than the cost, there are signs of impairment, therefore, according to the company’s accounting policy, a larger amount of provision for impairment of ending inventory, the impact on the company’s performance amounted to about 1.2 billion yuan.
Fraudulent Comet again loss of more than 14.8 billion will likely be delisted risk warning
3 billion market value ST number know huge losses of more than 6 billion
In addition, ST Comet, ST number of knowledge, Wanda film, *ST Anxin, Taihe Group and other losses are also large. Financial fraud ST Kangmei after last year’s huge losses, this year and a huge loss of 14.8-17.8 billion yuan.
After a huge loss of 4.661 billion yuan in 2019, ST Comet’s pre-loss in 2020 is even bigger, with an expected loss of 14.85 billion yuan – 17.82 billion yuan.
The company said the main reason for this pre-loss performance is that the company’s debt service and interest payments have led to tight cash flow resulting in a significant drop in sales revenue.
ST Comet said that if the company’s audited closing net assets for the year 2020 are negative, the company’s stock will likely be subject to a delisting risk warning according to the rules.
The recent continuous plunge, the market value of only 2.96 billion yuan ST number know, finally found the reason for the plunge. 2020 pre-loss of 6-7.5 billion yuan. The loss amount is 2 times of the current market value.
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