On the hot search! 500 billion big white horse flash crash down! Nearly 60 billion market value evaporated 60,000 stockholders confused – the truth behind the big exposure, stockholders questioned: leaked information in advance?

500 billion big white horse, said collapse, let the market a shock. It even made it to Weibo hot search!

And after the bell, China CDF (288.50+8.52%,診股) also quickly disclosed the first quarter earnings snapshot, the first quarter net income of 2.8 billion, slightly lower than market expectations. At the same time, the Dragon Tiger list shows that the three institutional seats sold a total of 845 million yuan. In this regard, shareholders have questioned: is it early leakage of information?

China China free flash crash down stop

13 afternoon, the fund’s long position in China CDF does not know what happened, suddenly ruthlessly sold by the funds, all of a sudden was hit on the stop, after the afternoon opening, China CDF reported 296.47 yuan, but only 18 minutes later, the stock price flash crash down, reported 265.85 yuan, according to 1.95 billion share capital, the market value of nearly 60 billion yuan evaporated.

And in the morning, the share price of CDFI once rose more than 2%!

500 billion big white horse sudden flash crash, paragraphers are stunned:.

What really happened behind the scenes?

The quarterly report fell short of expectations

And after the bell, China CDFG quickly disclosed the first quarter of 2021 performance snapshot, the report period, the company achieved total operating income of 18.134 billion yuan, an increase of 127.48%; achieve operating profit of 4.458 billion yuan, an increase of 4.776 billion yuan; achieve total profit of 4.462 billion yuan, an increase of 4.790 billion yuan; achieve net profit attributable to shareholders of listed companies 2.849 billion yuan, an increase of 2.871 billion yuan year-on-year.

In this regard, Shen Wan Hongyuan (4.59 +0.44%, diagnosis) (06806) securities social service team reviews that operating profit 4.458 billion slightly lower than the original 4.8 billion expected.

Short-term company news level and liquidity level slightly short, maintain 21-23 years earnings forecast 13/17/230 billion.

The main reasons are.

  1. 1.3 billion of rents were not charged back at the capital airport in the first quarter.
  2. the promotion of duty-free on the outlying islands in the first quarter still has a certain impact on profitability.
  3. serious shortage of goods in the first quarter of Nikkei Direct Mail, thus affecting the sales ring.

4, Hainan income tax preferential policy has not been implemented.

Three institutional seats sold a total of 845 million yuan

Shareholders questioned: whether to leak information in advance

After-hours LW data show that on April 13, China in the free flash crash down, with a turnover of 6.554 billion yuan. Among them, three institutional seats sold a total of 845 million yuan.

In this regard, some stockholders questioned: Is China CDFL leaking information, and what is the reason for the sudden drop in a few minutes? There is no possibility that someone violated the manipulation?

Although China CDF replied: the company strictly in accordance with the disclosure requirements of listed companies to carry out information disclosure work, there is no information should be disclosed but not disclosed.

But the stockholders still do not buy it: think that the agency was aware of the news in advance.

And data show that, as of the end of 2020, 67 products of ETF hold the stock, the institution with the largest long position in the stock. Invesco, Huaxia and Hua’an were next in line.

At the end of the third quarter of 2020, the number of CDF shareholders was 57,000.