This morning, A shares continue the trend of yesterday’s adjustment, continue to fall slightly, the plate of many holding stocks heavy losses, but also a serious blow to the popularity of the market, as of press time, the two cities more than three-quarters of the stocks fell.
On the plate, tourism, medicine, paper, food and beverage and other sectors rose slightly, agriculture, aviation, steel, coal and other sectors fell in front of.
Chip concept fell hard
Today, Wintel released an announcement that on April 25, the State Administration of Market Supervision and Administration issued a “decision not to implement further review of the anti-monopoly review of the operator concentration”, decided not to implement further review of the company’s acquisition of part of the business of Ovation, the company can implement the concentration from the immediate future.
Regarding the progress of the acquisition, Wintel disclosed in the announcement that the conditions of payment of the second phase of the transaction price have been reached, and the company’s holding subsidiary Zhuhai Delta Technology Company Limited has paid the second phase of the transaction price of 300 million yuan to Ovation Group Corporation on April 26.
In March this year, Wintec announced that it signed a relevant agreement with Officera and its subsidiaries to purchase 100% of the equity of Guangzhou Delta Imaging Technology Co.
For the purpose of this acquisition, wentech said, mainly to further extend to the upper reaches of the industry chain, among the mainstream of the camera module business suppliers camp, to promote the long-term sustainable growth of the company’s performance, the main business of the target assets for the production and sales of miniature cameras and related components, assets with high operational efficiency, relatively outstanding technical research and development capabilities, with professional and efficient technical research and development team.
However, in today’s announcement, Wintec also indicated the risk that the overseas specific customer plans to terminate the procurement relationship with Ovation and its subsidiaries, and subsequently Ovation and its subsidiaries will no longer obtain existing business orders from the overseas specific customer. The company is in continuous communication and negotiation with Officera and the overseas specific customer, but there is still uncertainty whether the target assets will eventually obtain orders. If Guangzhou Delta is unable to pass the factory audit of the overseas specific customer, or is unable to obtain sufficient orders in time after passing the factory audit, Guangzhou Delta may suffer from continuous loss and asset impairment, which will affect the overall performance of the company.
This led to a sharp drop in the morning trading of Wintel Technology, the stock price was once close to a stop during the day, hitting a new low of nearly 1.5 years. Another chip giant Huitian Technology today announced a quarterly report, achieving a net profit of 157 million, down 23.51% year-on-year. Huitian Technology fell more than 7% in early trading, the share price fell below the 100 yuan mark, hitting a new low in more than 2 years. In the leading shares of Wintec, Huitian Technology, driven by the plunge, the chip concept stocks as a whole plummeted, DanBang Technology fell, Ming Microelectronics fell more than 10%, Hershey, Bochuang Technology, Core Ocean Technology, etc. have fallen more than 6%.
In addition, flush today also announced a quarterly report, achieving a net profit of 170 million yuan, an increase of 33.66%, but the valuation of flush has been high, as of midday closing, the dynamic P/E ratio of up to nearly 90 times. The company’s main goal is to reduce the number of shares held by the fund in the first quarter by 17.93 million shares at the end of 2020, down to less than 500,000 shares at the end of the first quarter this year.
Ping An of China was significantly reduced by the main funds
The company’s share price has increased by more than 10 times, while Ping An of China’s share price is standing still, with the closing price at midday today compared to the price at the beginning of 2018, almost zero increase.
A few days ago after Ping An of China announced this year’s quarterly report, it is a continuous decline, today again opened low, once probing low to 72.03 yuan, a new low in nearly 10 months. Ping An of China’s first quarterly report showed that the net profit attributable to the mother of 27.223 billion yuan, an increase of 4.5%; attributable operating profit of 39.12 billion yuan, an increase of 8.9%; basic operating earnings per share of 2.21 yuan, an increase of 8.9%.
The quarterly report also brought to the surface that Ping An of China had stepped on Huaxia Happiness. The report shows that Ping An of China made impairment charges and valuation adjustments of 18.2 billion yuan on Huaxia Happiness-related investment assets in the first quarter, with an impact of 10 billion yuan on net profit after tax and 2.9 billion yuan on operating profit after tax. And currently Ping An of China only about one-third of the risk exposure, is expected to be further impaired subsequently, which means that this mine has not been completely ruled out, which is what the market is worried about.
The impairment charge on the investment in Huaxia Happiness has caused a large negative impact on Ping An of China’s current investment income. The annualized net investment return of Ping An of China in the first quarter of 2021 was 3.5%, down 0.1 percentage points year-on-year; the annualized total investment return was 3.1%, down 0.3 percentage points year-on-year.
The main funds of the group held for more than 3 years failed to profit, the confidence in Ping An of China’s holdings began to loosen. wind data statistics show that the recent northbound funds for 5 consecutive days to reduce their holdings of Ping An of China more than 40 million shares, cashing out more than 3 billion yuan. Public funds at the end of the first quarter holdings than the end of 2020 also reduced the position of more than 35 million shares. Brokerage firms self-management plate in the first quarter is a reduction of nearly 50% of the position.
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