Another tragic “kill the pig plate”? 7 days plunged nearly 40%, after a sudden 20% stop… Who is in the precise financing shorting?

After 20% stop, to investors is “nightmare” constantly!

Recently, Haosen shares in no obvious good news support, suddenly stopped, but the subsequent 7 trading days but a continuous decline, since the stage high fell nearly 40%, caused a lot of investor concern.

From the company’s share price performance, as well as the financing and financing situation, many users questioned its alternative “kill the pig plate”, that is, after pulling up to attract many followers, quickly shipped.

However, the sudden loss of the company’s performance in the first quarter of this year, to a certain extent, also increased investor concern.

Chase high Haosen shares, 7 days maximum loss of nearly 40%

After the announcement of the annual report and quarterly results, Haosen shares fell 14.1% on April 28, closing at 24.01 yuan, the lowest intraday once fell to 23.85 yuan, approaching its issue price of 20.20 yuan.

The company landed on the KCI in November 2020, with its main business focusing on the automotive industry, covering new energy vehicles and traditional fuel vehicles. However, reviewing the share price performance in the secondary market, the company’s share price has continued to weaken since its listing. On the first day of listing, it had the highest price since listing at RMB 79.5, and now it has fallen to RMB 23.85, the lowest price since listing.

It is worth mentioning that Haosen shares had recorded the first 20% stop since the listing on April 19, near the end of the day, Haosen shares quickly pulled up and sealed the stop, but since then many followers of the investor’s “nightmare” also began.

April 20, Haosen shares during the opening of the stock price quickly pulled up, 10 minutes it rose more than 13%, but then continued to fall, and even repeatedly no transactions during the day, closing Haosen shares eventually fell 5.39%, the whole day amplitude of nearly 20%.

After the announcement of the annual report and quarterly results in the evening of April 27, Haosen shares opened low, with the lowest intraday price approaching its issue price of 20.20 yuan and the latest total market value of only 3.073 billion yuan. This means that if the 20th day high chase investors if not timely stop loss, 7 trading days down, the cumulative loss of 37%.

From Haosen shares transaction, in the few trading days before April 19, the company’s turnover has been hovering between 10 million to 20 million, but on April 19, but suddenly the volume of 100 million transactions and stop, stop the next day after attracting a lot of high chase funds, April 20, the turnover zoomed to 362 million yuan, and from the time chart, the volume gathered in the first half hour of the opening, but then the plate Even repeatedly no transaction situation, which indicates that some of the funds in the opening pull-up period has been concentrated flight.

In such a huge volume of negative pressure, April 21, Haosen shares opened low, the turnover reached 171 million yuan, still maintain a high level, and then several trading days, the turnover gradually reduced, until April 28, the turnover increased again to 97.72 million yuan, some funds or stop loss out.

From the company’s share price performance, many netizens questioned its alternative “kill the pig plate”, that is, after pulling up to attract many followers, quickly shipped. At present, the circulation market value of Haosen shares is only 699.3 million yuan, the low circulation market value overlaid with the 20% limit of the science and technology board, is very attractive to the funds keen on speculation, which may also be one of the reasons for Haosen shares to appear “kill the pig plate”.

Who is in the precise shorting of securities?

April 20, Haosen shares 20% after the next day, the company’s share price rushed up and down, after-hours trading data show that the amount of financing bought that day amounted to 16,252,200 yuan, at the same time, there are also people in the same day accurate shorting of bonds, the number of shares sold by bonds amounted to 1,073,300 shares, according to the closing price of the day, equivalent to 34.08 million yuan.

Such a large amount of shorting in the stock of Haosen shares since the listing of the trading day, only in November 9, 2020, the first day of the company’s listing, the number of shorting shares of 1,309,800 shares, the closing price of 79.1 yuan on that day, equivalent to 104 million yuan of funds in shorting on the day of listing.

According to the company’s restricted unlocking schedule, the company’s initial public offering offline placement of shareholders 6 months restricted period is approaching, May 10 will have 1,275,200 shares restricted shares unlocked, the number of shareholders unlocked 215. Subsequently, the company will also successively unlock the restricted shares, but the largest unlocking in November 9, 2023.

This means that, at present, the company’s major shareholders do not have the situation to reduce their shareholdings in the company, but according to the “Implementation Rules for the Transfer Securities Lending and Transfer Securities Business of Science and Technology Board”, eligible institutional investors such as public funds, social security funds and insurance funds, as well as strategic investors participating in the initial public offering of the issuer of Science and Technology Board, can participate in the securities of Science and Technology Board as lenders through the agreed declaration and non-agreed declaration. Lending.

The company has also responded to investors on the investor interactive platform that according to the relevant regulations, strategic investors can lend the allocated shares for securities financing business within the committed holding period.

First loss since listing

From the performance of the company’s share price and the transaction, Haosen shares to kill the piggy bank signs are more obvious, but the company’s first quarterly performance loss since the listing, no doubt also intensified investors’ concerns.

In the evening of April 27, Haosen released its 2020 annual report, the company achieved a net profit attributable to shareholders of the listed company of 82.1730 million yuan in 2020, an increase of 140.92% year-on-year.

For the main reason for the change in net profit attributable to owners of the parent company, the company said that in 2020, the company received an increase in revenue-related government grants, while the share-based payment expense in non-recurring profit and loss decreased significantly compared with the same period of the previous year, of which the non-recurring profit and loss share-based payment expense in 2019 was 66,511,600 yuan.

However, the company’s performance in the first quarter turned from profit to loss, which is also the first time since the company’s listing loss. Hausen’s quarterly report shows that the company achieved a total operating income of 190 million in the first quarter of 2021, down 26.9% year-on-year; achieved a net profit attributable to the mother – 1.306 million, compared with 18.174 million yuan in the same period of the previous year.

For the reason of the first quarter loss, the company said on the interactive platform, the company’s single project order implementation cycle into traditional fuel car projects and new energy vehicle projects are about 18-24 months and 12-18 months respectively, revenue recognition to the customer to sign the project acceptance report time point shall prevail, which is the general cyclical characteristics of the non-standard intelligent manufacturing production line industry. At present, the company has more than 10 million contract orders accounting for about 90% of the total orders, the customers cover most of the mainstream automotive OEMs and well-known automotive power component suppliers in the automotive industry, due to the large amount of some orders and uneven distribution between quarters, resulting in fluctuations in quarterly revenue recognition.

Public information shows that Haosen shares registered address is Dalian City, Liaoning Province, the company is an integrated supplier providing intelligent production lines and intelligent equipment, mainly engaged in the planning, research and development, design, assembly, commissioning integration, sales, service and turnkey projects of intelligent production lines. 2020 year shows that the revenue of intelligent production lines and intelligent equipment reached 1.035 billion yuan, accounting for 99.85% of the total revenue ratio.

The company landed on the Science and Technology Board in November 2020, and its main business focuses on the automotive industry, covering new energy vehicles and traditional fuel vehicles. At present, the company’s main customers include SAIC-GM, ZF, Beijing Benz and other well-known brands at home and abroad.