Dashang shares (600694) answered investors' concerns on the investor relations platform on January 14.

Investors: with 6.8 billion undistributed profits, all the investors who invested in your company lost a lot of money, even those who invested in your company 15 years ago. Is this how the interests of investors are protected? Take some action, your stock has been in the doldrums for 7 years, can you watch it?

Dashang shares: the company's secondary market share price is affected by a variety of factors. At present, the company's stock price is lower than the net assets, which can not reflect the intrinsic value of the company. On the one hand, the company actively resumes its operation, and shareholders increase its income, on the other hand, through share buybacks, cash dividends and other means to safeguard the value of the company and the interests of investors. The company will continue to pay attention to the company's stock price, timely launch a reasonable way to maintain the value of the company.

Investor: the duty-free business of the free trade zone has reached that stage, can it be done?

The company went to Hainan in March and April 2021 to communicate relevant plans with relevant government leaders, inspected the location of the project, and participated in the Hainan Consumer Expo in May 2021. The company will take the opportunity of participating in the Consumer Expo and with the support of the Hainan government to actively strive for the strategic layout of central cities such as Hainan Free Trade Port and strive for the qualification of tax-free business for residents in Hainan Island. The relevant matters are still in the overall planning stage, and in the course of implementation, the company will carry out the relevant review procedures and information disclosure obligations for specific investment projects, and respectfully invite the majority of investors to pay attention to the investment risks.

According to the third quarterly report of Dashang shares 2021, the company's main income was 6.141 billion yuan, up 2.63% from the same period last year; the net profit was 650 million yuan, up 47.4% from the same period last year; and the non-net profit was 533 million yuan, up 30.92% from the same period last year. Among them, in the third quarter of 2021, the company's main income in a single quarter was 1.766 billion yuan, down 12.38% from the same period last year; the net profit in a single quarter was 152 million yuan, down 6.06% from the same period last year The non-net profit in a single quarter was 106 million yuan, down 29.59% from the same period last year; the debt ratio was 55.21%, the investment income was 17.6859 million yuan, the financial expenses were 139 million yuan, and the gross profit margin was 40.56%.

A total of two agencies have rated the stock in the last 90 days, including one buying rating and one overweight rating; the average institutional target price in the past 90 days is 22.0; the net outflow of financing in the past three months is 11.6833 million, and the financing balance is reduced; the net outflow of securities is 38900, and the balance of securities lending is reduced. According to the Securities Star valuation analysis tool, Dashang shares (600694) of good companies have a rating of 2.5star, a good price rating of 3.5star and a comprehensive valuation rating of 3 stars. (rating range: 1-5 stars, up to 5 stars)

The main business of Dashang shares: commodity retail and wholesale, processing services, warehousing, acquisition of agricultural and sideline products, computer technical services, rental counter, exhibition planning and so on.

The chairman of the company is Niu Gang. Mr. Niu Gang: born in 1960, Chinese nationality, master's degree, first Deputy General Manager of Dalian Shopping Mall from July 1988 to August 1992, General Manager and Party Committee Secretary of Dalian Shopping Mall Co., Ltd since 1992; Chairman of the Board of Directors of Dashang Group Co., Ltd., Chairman of the Board of Directors and Party Committee Secretary of Dashang Co., Ltd., and Director and Chairman of the 10th Board of Directors of the Company since May 2019.

This article is compiled by the Securities Star data Center according to the public data and does not constitute investment opinions or suggestions. If you have any questions, please contact us.