Lisheng racing car just staged "Heaven and Earth Board" yesterday, but today it has fallen to the limit again.

It is worth mentioning that as early as before, there was a "teacher" in the stock bar threatening that this was a good time for Lisheng to add positions, and it was the best time to get on the car, which could be missed for several years.

So some netizens said that they had taken out 300000 of the boards, while others said that they had sold their wife's dowry in order to increase their positions.

Nowadays, people who follow the "teacher" operation may have suffered a loss, or suffered a "pig killing plate"!

　　15 times premium for the acquisition of "Yueyun Circle"

On December 23, Lisheng Racing announced that it intends to transfer Hangzhou Junshi with its own capital of 177 million yuan to hold a 25.00% stake in Shenzhen Yuejin World Technology Co., Ltd.

The acquisition has caused a lot of controversy, so the capital's prediction of its future trend is also divided, which is the direct cause of its share price volatility.

Data show that Lisheng Racing is a motor sports and racing culture enterprise with racing operation and service as the core, and a sports service enterprise that provides customers with the whole industry chain service of motor sports, which belongs to the sports industry.

The target of this acquisition is Yuexing World, which is a high-tech enterprise focusing on the software and hardware product development of sports health ecological chain. There is a gap between the two business models, and there is not much overlap among the user groups, which is too good for the company's main business.

In addition, Yuejin's performance is not very good. In 2020, Yuejin's net profit was 1.5273 million yuan, and the net operating cash flow was-618600 yuan. Although the loss was reversed in 2021, the net profit was not very high, only 8.0857 million yuan, and the net operating cash flow performance was poor,-8.8386 million yuan.

What is more worth mentioning is that under such operating data, the value-added rate of Lisheng Racing's acquisition of Yuexing World is very amazing, even more than 15 times.

Although Yuejin was continuously favored by investors at the beginning of its founding. Data show that from 2014 to 2017, the company received four rounds of financing, raising more than 250 million yuan. However, there has been no financing information for nearly 4 years, which means that Yuejin may not have much possibility of growth.

The 177 million yuan price of this acquisition even exceeds the total net profit of Lisheng Racing in the past five years. Spending such a large price to buy such an underperforming company can not help but make investors question its share price.

　　The performance was lower than expected.

In fact, in addition to the strong controversy over the acquisition, it is obvious that there are many shortcomings in the company itself.

In terms of performance, Lisheng Racing went public in 2017, with a net profit of 40.7366 million yuan in its first year on the market, and then declined year by year. Affected by the epidemic in 2020, the company suffered a loss for the first time since its listing, with a net profit of-50.982 million yuan.

Although the company's performance has improved in 2021, there is still a big gap compared with the performance before the epidemic. In the third quarter of this year, the company's operating income was 178 million yuan, an increase of 46.06% over the same period last year, realizing a net profit of 9.3881 million yuan belonging to shareholders of listed companies.

In terms of funds, the company has just completed the fixed increase in 2021, raising a net amount of 381 million yuan, which is intended to be invested in the Seca Alliance chain venues project, the Xracing (automobile cross-border race) project, the elite series project and supplementary liquidity.

However, the resale company announced plans to use the raised funds to buy wealth management products. As of December 28, the outstanding balance of the wealth management products purchased by the company with the raised funds was 199 million yuan.

As we all know, shareholders buy shares in a company because they are optimistic about the growth of the company's main business. However, Lisheng Racing uses the funds raised to buy wealth management products, which is tantamount to "gambling" with shareholders' money, which virtually adds a lot of uncertain factors to the company.

In addition, from the top ten shareholders of the company, they are almost all natural person shareholders, and no relevant funds are favored by them.

　　Table 1 share capital structure of the company (as of September 30, 2021)

　　Or a pig plate.

It is worth mentioning that as early as a few days ago when Lisheng racing rose well, in the stock bar, there were at least three teachers: "stock doctor", "Mr. Bu" and "Mr. Li". These teachers threatened that this is a good time for Lisheng to increase the position of the car, and this is the best time to get on the car, and it will take several years to miss it.

Therefore, the die-hard fans of these teachers are desperate to increase their positions and buy. Some netizens said they took out 300000 playing boards, and some investors even said: "teacher Pu said that you can increase your positions. This is the normal washing of the upward trend. I just sold my wife's dowry for 80,000 yuan to continue to increase the position. I believe in the teacher."

Under the trust of shareholders, Lisheng racing car staged "Heaven and Earth Board" yesterday, and today it fell to the limit again. Those who operate with the teachers may have lost money, and their wife's dowry will be gone!

On the other hand, in today's stock bar, there has long been no sign of those teachers. As a result, some investors said that the Lisheng racing stock price fluctuated violently or related to the "pig killing plate".

As early as before, the share prices of Rendong Holdings, Zhongqian shares, time and Space Technology, I Le Home, Zhongyuan Home, Shengyang Technology, and Jiamei Packaging suddenly plummeted, which were later proved to be "pig killing plates" or suspected "pig killing plates".

　　How to avoid "killing pig plate"?

The "pig killing plate" is when the banker drives up the stock price, and then the so-called teachers in the group call on retail investors to buy at a high level. When retail investors bought, the word "soul knife" fell to the limit, suffocating retail investors inside, and the banker behind the "teacher" fled victoriously. This is a typical, ugly-looking, extremely bad manipulation of the stock price.

For the capital market, the "pig killing plate" seriously disrupts the optimal allocation of the market mechanism itself, and the price signal is artificially interfered, which can easily lead to resource misallocation.

For enterprises, short-term price fluctuations are too large, affecting the market's perception of the corporate image, it is easy to be divided into "demon stocks" and "junk stocks", which is not conducive to the financing of listed companies in the later stage. For individuals, it is real money and money, and it will lose a lot of money after being hit by a pig killing plate.

The "pig killing plate" is a cruel hoax, encountered by the "pig killing plate" stocks, the stock price is often strange, suddenly fell. So how can investors identify the "pig killing plate" and avoid being fooled?

First of all, it should be pointed out that the best precaution is for investors themselves to resist temptation. This requires investors to establish a correct concept of investment, the sky can not fall into a trap, whether it is a group of drumming and spreading flowers, or the shipment of the "pig plate", are price traps.

Secondly, it should be pointed out that most of these pig plates belong to small and medium-sized market capitalization, companies generally belong to small-cap stocks, the market capitalization is often less than 5 billion, the plate is small for the banker to pry. And in the pull-up process, the turnover rate is generally not high, there are obvious traces of control, open the stock-related information to see, the chip concentration is very high, but once tempted investors to buy will immediately close the door.

Finally, it should be pointed out that these stocks are basically not favored by the main funds. Those main funds are based on the operation of fundamental analysis when buying individual stocks, rather than simply looking at the K chart, so to some extent, it can be distinguished from the proportion of individual stock funds, of course, it does not rule out that some funds have been slaughtered.

Generally speaking, investors still have to embrace high-quality core assets when investing, according to the fundamentals of the company, rather than blindly following others.