Another night of explosive mines!
2020 annual report and 2021 quarterly report final closing, or keep popping big thunder, the three major airlines in last year after a huge loss, the first quarter of this year and exposed to a big loss, cross-border pass is the last moment of the original expected profit, suddenly turned into a huge loss of more than 3 billion.
The three major airlines and cross-border pass 4 stocks latest combined shareholder households amounted to 621,500.
After a $37 billion loss, the three major airline stocks lost another $14 billion in the first quarter of this year
Affected by the epidemic, Air China, China Southern Airlines and China Eastern Airlines, the three major airline stocks all lost more than 10 billion yuan in 2020, with a combined loss of 37 billion yuan for the three stocks. However, the situation has not been reversed, and the Hong Kong stock released its first quarterly report for 2021, and continues to lose money.
The revenue of the three airlines, Air China and China Southern Airlines, both showed a decline of more than 10%, and only Eastern Airlines increased slightly by 0.53%.
Air China’s quarterly report showed a net loss of 6.208 billion yuan in the first quarter, compared with a loss of 4.805 billion yuan in the same period of the previous year.
China Southern Airlines’ quarterly report showed a net loss of 4 billion yuan in the first quarter, compared with a loss of 5.262 billion yuan in the same period of the previous year.
Eastern Airlines’ quarterly report showed a net loss of 3.805 billion yuan in the first quarter, compared with a loss of 3.933 billion yuan in the same period of the previous year.
Cross-border performance changed dramatically.
Earnings of 100 million yuan suddenly became a loss of more than 3 billion, the stock price plunged more than 60%
The original good-look profit is suddenly a 360-degree change at the end.
Cross-border pass April 29 evening disclosure performance forecast revised announcement, is expected to 2020 net profit loss of 3 billion yuan – 3.8 billion yuan. The company previously expected a profit of 100 million yuan – 150 million yuan in 2020.
In addition, whether the company’s annual report can be disclosed normally is in question, after all, April 30 is the statutory last day. The company said that there is an expected risk that it will not be able to disclose the said report within the statutory deadline, as the content of the company’s board of directors’ deliberations on some of the matters for the 2020 annual report is still subject to discussion.
And just before the burst of lightning, cross-border directors resigned one after another.
On April 28, the company announced that Mr. XI Zhimin, a director of the company, applied for resignation as a director and a member of the strategy committee of the company for personal reasons, and Mr. XI Zhimin will not guarantee any position in the company after his resignation, and his resignation report will be effective from the date of submission to the board of directors.
On April 29th, it was announced that Mr. Zhang Bo, a director of the company, applied for resignation as a director and member of the audit committee of the company due to work reasons. Mr. Zhang Bo will not hold any position in the company after his resignation, and the resignation report will be effective from the date of submission to the board of directors (i.e. April 28th, 2021).
From the share price trend, the funds are also fleeing from the cross-border pass, from a high of 10.4 yuan in July last year, the stock has fallen all the way to the current latest share price of 3.9 yuan, down 62.5% from the high.
Huaxia Happiness plunges to $3.6 billion loss in the first quarter
37 billion debt default, share price plunged 70% from the high
On the evening of April 29, Huaxia Happiness released its 2020 annual report and 2021 quarterly report, with a loss of 3.681 billion yuan in the first quarter of 2021, compared with a profit of 2.887 billion yuan in the same period of the previous year; the net profit for 2020 was 3.665 billion yuan, down 74.91% year-on-year. Operating income was 7.949 billion yuan, a decrease of 59.27% year-on-year.
In the first quarter of 2021, Huaxia will lose all of its earnings in 2020. What is even worse is the huge amount of debt default. As of the end of the reporting period, the company has failed to repay a total of RMB 37.063 billion of debt principal and interest as scheduled, and the company said it is actively coordinating with the above-mentioned overdue involved financial institutions on matters related to the extension.
Due to the serious debt problems, Huaxia’s share price has long fallen to the ground. From a high of 20.93 yuan in July 2020, the share price has fallen by 70% to the latest 6.19 yuan today. The latest market cap is now 24.2 billion yuan.
200 billion Minsheng Bank’s first quarter results were negative again
After a 36.25% plunge in net profit in 2020 compared to the previous year, the quarterly report on the evening of April 29, Minsheng Bank’s net profit continued to decline, with a quarterly net profit of 14.747 billion yuan, a negative year-on-year growth rate of 11.43%; the company’s operating income for the first quarter of 2021 was 43.072 billion yuan, down 12.69% year-on-year.
The bank’s share price has sunk since surging higher in July last year, falling from a high of 6.35 yuan to the current 4.75 yuan, with the latest total market capitalization of 197.5 billion yuan.
Minsheng Bank’s latest number of shareholders is as high as 424,800.
Netizens shouted in despair: bursting mines, bursting mines, bursting mines
In the three major airline stocks, cross-border pass, Minsheng Bank and other stock bars, investors expressed concern about the emergence of huge losses in performance, bursting mines, etc. Some netizens shouted in despair: bursting mines, bursting mines, bursting mines.
Three A shares received a regulatory letter from the exchange to terminate their listing
The final verdict is coming
After the annual report was published, three *ST stocks received a regulatory letter from the exchange on termination of listing in the evening of April 30, meaning that these three companies are just waiting for the final announcement from the exchange to terminate their listing.
*ST Fortune Holdings, *ST Pengqi and *ST Xinwei issued a supervisory letter from the SSE regarding the termination of the listing of the company’s shares. The SSE said that according to the company’s disclosed 2020 annual report, the company’s shares have touched the conditions for termination of listing as stipulated in Article 14.3.1 of the Stock Listing Rules (revised in April 2019) of the Exchange and should be terminated. The Exchange will convene the Listing Committee within 15 trading days after the disclosure of the Company’s annual report to consider the matter and make the corresponding termination decision based on the review opinion of the Listing Committee.
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