Yesterday, China Tianrui Cement (1252.HK) dived at the end of the game. It is suspected that it was sniped and maliciously shorted. A small amount of capital crashed 25 minutes before closing yesterday. Due to poor liquidity in Hong Kong stocks, the sale of 200,000 shares alone triggered a “stampede”. As a result, the stock price fell by more than 90%, and the market value of 10 billion dollars evaporated instantaneously. The net market ratio (PB) of only 0.01 was far below the industry average. The company issued a brief suspension notice before the market. Relevant staff said that the company's production and operation were normal.
China Tianrui Cement is mainly engaged in the mining and utilization of limestone and the production and sale of building materials products such as clinker, cement, and construction aggregates. After nearly 30 years of development and growth, the company has now become one of the 12 national key cement enterprise groups supported by the state, ranking 9th in the country. The company's “Tianrui” cement brand enjoys a high reputation in the industry. Currently, Tianrui Cement is already a major supplier for key projects such as South-to-North Water Transfer, Hada High Speed Rail, Beijing-Hong Kong High Speed Rail, Beijing-Hong Kong-Macau Expressway, Lianhuo Expressway, Yellow River Bridge, and Dalian Port.
According to the 2023 annual report of China Tianrui Cement, the company currently has total assets of 40.573 billion yuan and current assets of 27.327 billion yuan, including 1,175 billion yuan in cash and cash equivalents; the company's net assets are 15.786 billion yuan, of which shareholders' equity attributable to the parent company is 15.466 billion yuan. Furthermore, the company's shareholder structure is stable. As of December 2023, non-executive director Li Liufa held 2,044 billion shares, with a shareholding ratio of 69.58%.