In the first week of the year, the market adjusted continuously, the fund fell on the hot search one after another, and there was a steady stream of screams from the base people, but the stock investors' friends were no better.
Today, Petrochina rose 5.28%. Under its influence, the oil sector rose sharply, of which intercontinental oil and gas rose by the daily limit, but one stock in the plate was firmly pinned to the falling limit-Yueyang Xingchang. As of the close, Yueyang Xingchang still had 110000 orders sealed, with a daily turnover of 254 million and a turnover rate of 4.48%.
Just yesterday, Xingchang in Yueyang staged the "Heavenly floor" market, which rose by the limit at about 9: 55, then dived rapidly, reaching the falling limit in less than an hour, quickly rushing up and turning red after opening the limit in the afternoon, and then fluctuating downwards. to close down 6.32%.
After two consecutive days of adjustment, Yueyang Xingchang has fallen by 15.70%, and the amplitude has reached 25.70%. In just two days, many investors have suffered heavy losses.
It is worth noting that Yueyang Xingchang called it one of the best Daniel stocks recently. According to statistics, Yueyang Xingchang's share price has been rising gradually since the beginning of November, rising 219.03% by January 5, 2022.
Why do such bull stocks suddenly perform in extreme markets?
This may have something to do with a reply announcement it issued last night. Yesterday night, Yueyang Xingchang announced that the company received an inquiry letter on the evening of December 31 and is now replying to the questions.
According to the announcement, some investors complained to the Shenzhen Stock Exchange that Yueyang Xingchang violated the rules of information disclosure and manipulated the stock price, and asked for a reply on the investment and operation of the MTBE project, whether there were false increases in revenue, profits, and whether basic accounts were frozen.
On the other hand, the Shenzhen Stock Exchange issued an inquiry letter on December 31, and Yueyang Xingchang did not send the reply directly until yesterday. Although the inquiry letter is not a disclosure matter stipulated in the listing rules, since it is a complaint of suspected illegal letter, it should also be published in time to protect the interests of investors.
In its reply, it said that the account was frozen due to the receipt of a lawsuit for payment of goods and liquidated damages, which was not disclosed because it did not meet the disclosure standards required by the listing rules, and the company believes that the impact of the case on the company's profits and share price is limited.
Yueyang Changxing was sued for failing to pay 22.89 million of Shandong Yiyatong's loan, and the people's court froze Yueyang Changxing's basic account according to law, freezing a total of 23.11 million yuan.
The unpaid payment is 22.89 million, the frozen amount is 23.11 million, and the net profit in 2020 is only 27.31 million. How do you get the limited impact on the trading price of a company's stock?
Some netizens commented that "this is an old stock" and "basically harvest a wave of retail investors in five years".
The sky floor was staged yesterday, but it fell to the limit again today, and some netizens have lost 30%.
Although Yueyang Xingchang was previously known as Daniu, it has a lot of water.
According to public data, Yueyang Xingchang's revenue in the first three quarters of 2021 was 1.284 billion, an increase of 24.75% over the same period last year, and its mother's net profit was 30.74 million, an increase of 483.74% over the same period last year. The latest earnings per share is 0.103 yuan per share, at the end of the industry. As of January 7, its dynamic price-to-earnings ratio has reached 137 times.
As a China Petroleum & Chemical Corp holding company, Yueyang Xingchang has not performed well in recent years, and its revenue has declined year by year. From 2018 to 2020, the revenue of Yueyang Xingchang was 2.011 billion, 1.745 billion and 1.456 billion respectively, down 13.21% and 16.59% respectively, and the net profit of returning mother was 52.07 million, 60.3 million and 27.14 million respectively.
Yueyang Xingchang rose before or as a result of market speculation, no matter now or in the future, investors should stay away from this kind of speculation and avoid risks.