How serious is the upside down of the first and second markets? Let’s look at a set of data:
According to the data of the New Third Board Research Center, as of July 31, 2017, 903 of the 903 fixed-ups completed by the market-making enterprises since 2016 have been “upside downâ€.
In other words, 43.41% of the additional issuances completed since the beginning of last year have been broken. In the most serious companies, the secondary market price has shrunk by nearly 85%.
Corporate stocks have fallen, and of course the most hurt is investors. However, companies with severely inverted prices in the primary and secondary markets also mean opportunities for investors, because you can copy the bottom of major shareholders and institutions.
Read the new three board researchers to sort out the top ten companies that are the most serious "breaking hair". Do you think there are hidden opportunities?
First, Tianwei: a loss of 40 million, the stock price fell only one more
Tianwei is a company that provides comprehensive command of emergency command for fire protection, public security, safety supervision and other departments.
Since the listing of the New Third Board in April 2015, the company has completed two rounds of fixed growth. On July 22, 2015, 7.8 million shares were issued at a price of 6 yuan; on January 19, 2016, 4 million shares were issued at a price of 7 yuan. A total of 74.8 million yuan was raised.
However, since the company's stock price started on August 25, 2015, it has fallen into a long and long way. On August 25, the day of market making was also the highest when Tianwei's share price was reached. The stock price reached 13.28 yuan, which was 574.5% higher than the previous agreement price of 1.59.
However, by the close of July 31 this year, the company's share price was only 1.09 yuan, which was 84.43% lower than the last round of additional price. If the fixed investor does not withdraw in the middle, it is really only the residue left.
The company's share price plummeted, in fact, it is not unrelated to the business situation. Read the new three board researchers noted that the company's 2016 loss of 40.02 million yuan, compared with the previous year's net profit decreased by 336.86%. The dynamic P/E ratio has dropped to -1.87 times.
At the same time as the performance declines, the debt is climbing. In 2016, the company's asset-liability ratio has reached 53.67%, an increase of 37.52% over the previous year. In May of this year, the company's major shareholder and the second shareholder also went out of the mountain personally, providing a related guarantee for the application for financing comprehensive credit extension within the year of 2015 not exceeding 150 million yuan.
When you type "Tianwei" in the Baidu search box to search, the page even frequently appears the key words of "Tianwei collapsed" and "Dayville closed down?", Tianwei, who guards the public safety, can he get out of the predicament?
Second, Ping An Lihe: The cash flow for the fourth consecutive year is negative, which is 84% ​​lower than the increase in the price.
Ping An Lihe is a company that is a self-service terminal for business halls.
The company was listed on August 8, 2013 and began to market on April 16, 2015. On the day of the market, the stock hit a record high of 11.35 yuan, and then began to turn down, has been down to today.
On the way to the stock price "bear", the most injured is the company's shareholders.
Read the new three board researchers noted that the company currently has a total of 105 registered shareholders, of which 27 from two rounds of fixed increase. On March 16, 2015, after the actual controller of Ping An Lihe took over from the former chairman, Jin Jinming, the company issued 6 million shares at a price of 3 yuan. On March 4, 2016, the company set a price of 5 yuan. The price increase successfully raised 16 million yuan.
On February 15 this year, Ping An Lihe fell below 1 yuan and officially entered the ranks of the stocks. As of July 31, 2017, the stock price was only 0.8 yuan, which was 84% ​​lower than the latest round of fixed price increase.
It is worth noting that since the listing on August 8, 2013, the net cash flow from the operation of Ping An Lihe has been negative for four consecutive years.
Even so, the company still invested 15 million to invest in a 30% stake in Shanghai Chitie Electronic Technology Development Co., Ltd. The main business of Chitie Electronics is self-service ticket sales outside the station. At present, it has signed cooperation agreements with the railway bureaus of six provinces and cities.
Today, when travel is increasingly dependent on online ticketing and self-service ticket collection, can Ping An Li can use this slogan to complete the counterattack?
Third, Zhongke Guoxin: 20 yuan fixed, now the stock price is less than one-fifth
Zhongke Guoxin is a highly qualified company that provides weak power system integration and application software development services for military training and industrial control.
The company has already listed the new three board in 2010 and started to market in December 2014. Four fixed increments have been completed since the listing, and the price increase is higher than once.
On November 29, 2012, 3,437,300 shares were issued at 2.3 yuan; on December 4, 2014, 4 million shares were issued at 9 yuan; on February 3, 2015, 4.20 million shares were issued at 10.57 yuan; March 10, 2016 On the day, another 3.70 million shares were issued at 20 yuan.
Such an old qualification has given him a large number of shareholders. Read the new three board researchers noted that up to now, Zhongke Guoxin has 387 registered shareholders, and reached 419 at the time of the 2016 semi-annual report.
However, the company's share price has failed the expectations of shareholders, closing at 3.49 yuan on July 31, 2017, has fallen 82.55% from the highest fixed price. The valuation also fell from 2.14 billion yuan to 370 million yuan.
In fact, the company has also seen the scenery. In the bull market in 2015, the stock price rushed from 9 yuan to 28 yuan, but as the three boards entered the bear market, the company's stock price also opened the road of yin.
At the same time, the company's performance is also changing, from the 97,342,900 revenue in 2015 to 26,070,600 yuan in 2016, the profit has changed from 332,176,600 yuan to a loss of 2,213,900 yuan.
The main reason for the change in performance was the reform of the military system and the delay in the procurement plan.
Although the performance face, but this year there are still 000166 Shenwan Hong source, diagnosis of the Securities, China Galaxy 601,881, clinic shares, Kyushu securities brokerage subsequent three joined the Division Guoxin provide market making quotation service. As of now, Zhongke Guoxin already has 13 market makers.
Will such a Sino-Korean national letter be staged in the Jedi counterattack?
Fourth, Australia Kaifu Hui: Major asset restructuring failed to meet expectations + "double break", with a market value of only 63 million
Australia Kaifu Hui is a company that builds and operates a comprehensive community of smart communities. The biggest feature of this company is “double breakâ€, the total market value fell below the financing amount, and the stock price fell below the additional price.
On July 31, 2017, Macao Huihui closed at 0.98 yuan, and the market value was only 0.63 billion yuan. Since the company was listed, it has already completed three additional issuances on the New Third Board. The issue price is 3.3 yuan, 3.5 yuan, and 5 yuan, and a total of 191 million yuan is raised. Today, the market value does not even have a fraction of the raised funds.
It is worth mentioning that the company's latest round of fixed increase is in line with major asset restructuring.
In December 2015, Aussie Huihui plans to purchase 100% of the shares of Luoyang Huizhong Culture Media Co., Ltd., Jinma Road Media (Dalian) Co., Ltd. and Beijing Huizhong Shengde Media Co., Ltd. at a price of 4,209.61 million yuan. Among them, in the way of issuing 5 million shares, the company acquired 100% equity of Luoyang Huizhong Culture Media Co., Ltd. held by 5 natural persons such as Zhu Dengwen, and paid 100.569 million yuan in cash to purchase 100% equity of the remaining company.
However, when the major asset restructuring was completed in June 2016, only the two targets of Huizhong Culture and Jinma Road completed the transaction. In other words, Australia's Kaifu Hui has acquired two companies for a total of 120.961 million yuan. Among them, Huizhong Culture has not completed its own performance commitment, in the future, Australia Kaifu will accept the other party's 300,000 cash and share repurchase compensation.
The Australian-Kai Fu Hui, which has fallen into a penny stock, may be waiting for a rebound.
V. ST Guanghui: The restructuring failed, and the stock price fell below the additional price of 80.33%!
ST Guanghui, formerly known as Guanghui Technology, is an educational technology enterprise engaged in the sales of system integration services and supporting electronic products. It cooperates with Baidu and iQiyi. On July 4 this year, the company was issued an ST due to an audit report that could not be expressed due to the 2016 annual report.
Read the new three board researchers noted that the company has completed a round of fixed increase on March 4, 2016, with an additional price of 6 yuan, a total of 21.6 million yuan. At the same time, the new round of fixed-income cases was announced in July of the same year, and the price set in the plan was 10 yuan.
At present, the company is still in the suspension stage. The last trading day before the suspension is April 28 this year. The stock price of ST Guanghui is 1.18 yuan, which is 80.33% lower than the increase price.
Read the new three board researchers learned that Guanghui Technology announced the major asset restructuring on October 18, 2016, and suspended the license soon. In less than three months, Guanghui Technology announced the termination of the reorganization and resumed trading on January 19.
Although Guanghui Technology did not immediately plunge on the first day of trading, it only fell 3.4%. But the next day, I couldn't help myself. I plunged 40.85% and fell to 1.16 yuan in one breath.
Not only is the stock price falling, but the company's situation is also very chaotic. Since the beginning of this year, Guanghui Technology has experienced a series of setbacks such as the misappropriation of company funds and assets, the resignation of the chairman, and the wearing of the ST.
Read the new three board researchers learned that because of the tax investigation, the company's system integration and electronic products sales business has been stagnant.
Sixth, the optical network: "100 yuan stocks" fell to the altar, fell below the price of 80%!
On January 11, 2016, the Optical Network came to the New Third Board. This Internet marketing company was once a smash hit "100 yuan stock".
On April 8, 2016, the daylight network began to make a market. On the first day of the market, the market opened a high price of 110.32 yuan (before the ex-rights), with a market value of 3.508 billion yuan.
However, since June and July last year, the stock price of Guangyin Network has gone downhill. Until July 31, 2017, the company's share price was only 3.38 yuan, and the market value shrank to 430 million yuan.
As an innovative market-making company, Guangyin Network has 39 registered shareholders, 10 of which were added in 2016.
In March 2016, the company raised 120 million yuan at a price of 66.67 yuan, and 10 investors participated in the subscription, including one natural person investor, six brokers, and three other legal person investors. After the company's 10-to-30 increase in ex-rights, the issue price was 16.67 yuan. Compared with the fixed price increase, the optical network has now fallen by 79.72%.
In fact, the company's performance in the first half of 2016 is still very good. In the first half of 2016, the company's revenue and net profit increased by 51.39% and 54.5% respectively over the same period of the previous year. Only in the 2016 annual report, these two financial data decreased slightly, with revenue of 237 million yuan, down 20.61% year-on-year; net profit of 45.878 million yuan, down 27.96% year-on-year.
Now, the company's new round of 300 million fixed increase has been in place for nearly a year since its launch in September 2016. Can this financing be completed successfully? Will there be investors to buy it?
Seven, the film media: the actual controller sells, compared to the fixed price drop 79%
Yingda Media is a company specializing in the creation of film and television culture and the public relations of brand activities. It has successfully “goed out†and signed a strategic cooperation agreement with American film production company K.JMA MEDIA to co-produce the film “The highest stakes playerâ€. .
Since the company was listed on August 13, 2015, the company has already integrated 20,896,800 yuan in three strokes. Among them, the first pen melted 130.58 million yuan at a price of 1.76 yuan; the second pen blended 2.838 million yuan at a price of 2.2 yuan; the third pen blended 5 million yuan at a price of 8 yuan. But this is a small hand.
In addition to these three financings, there is still a financing on the road. On April 20 this year, Yingda Media announced the stock subscription announcement, announcing that it will raise no more than RMB 34.4 million at a price of 4.3 yuan. The subscriber is Zhuhai Huahui Capital Management Co., Ltd. If completed successfully, the amount of financing will exceed the sum of the previous three financings.
Compared with the domineering price increase, the media share price of the 1.68 is now very thin, compared with the highest 8 yuan fixed price has fallen by 79%.
It is worth mentioning that due to the failure to disclose the 2016 annual report within the prescribed time limit, the company has been suspended from the share transfer system. On May 31, when the 2016 annual report disclosure limit was less than one month left on June 30, the company issued an announcement to replace its own audit institution. In the annual report disclosed on June 28, the company not only lost 9.07 million yuan, but also fell to -6.88%.
Moreover, the actual controller is also retreating. From March 2, 2016 to December 30, 2016, the company's actual controller, Yu Huiling, reduced its holdings by 1.01 million shares.
Eight, Yuanrong Technology: 60 times PE, the stock price has dropped 77.29% compared with the fixed price increase?
Yuanrong Technology is a company that makes LED lighting. The company was listed on June 16, 2015 and has been listed for half a month.
After the listing of the new three boards, a total of three fixed increments were completed, two of which were for financing. The first time was in the first half of 2015, and the price was 3.737 million yuan at the price of 3.71 yuan. The most recent time was 1.35 yuan in March 2016. 100 million yuan.
Another time was for the acquisition. In October 2015, Yuanrong Technology planned to acquire 85.61% equity of Qingdao Jiesheng Electric Co., Ltd. by means of non-public offering of shares and payment of cash. The transaction price was 109 million yuan. Among them, 43.57% of the shares were completed through the issuance of 5.7814 million shares at 12.42 yuan, and the rest was paid in cash.
It was this additional issue that made the trading party suffer a big loss. As of July 31, 2017, Yuanrong Technology's share price closed at 2.82, which has fallen 77.29% from the fixed price increase of 12.42 yuan.
In fact, the company's performance is not bad. In the 2016 semi-annual report, the revenue was basically the same as that of the same period of last year, and the net profit was reduced from more than 20 million to more than 2 million. However, by the end of 2016, Yuanrong Technology achieved a revenue of 378 million yuan, a year-on-year increase of 62.31%; net profit of 12.849 million yuan, an increase of 184.03%, successfully achieved a turnaround.
It is worth noting that even after the stock price crash, the dynamic P/E ratio of Yuanrong Technology is still as high as 58.98 times.
Nine, ST Yufu: the resumption of the plunge, fell below the additional price of 77.02%
ST Yufu, formerly known as Yufu Culture, is a company engaged in the planning, design, production and distribution of non-synchronized supplementary books. The ST hat was put on the 2016 annual report when it was issued an audit opinion that “cannot express opinionsâ€.
Since the listing of the New Third Board on May 6, 2014, the company has only once invested once. At present, ST Fufu has only 35 registered shareholders, and only 39 at most.
In March 2016, 4.8 million shares were issued at 4.7 yuan, raising 22.56 million yuan. As of July 31, 2017, ST Haofu's share price closed at 1.08 yuan, which has fallen to 77.02% compared with the fixed price increase.
The company was suspended on May 2 due to failure to disclose the 2016 annual report on time. On the day of the resumption of trading on June 22, the company's stock fell sharply after the opening bell, and closed at 1.5 yuan/share after the close, a drop of 41.86%.
Since then, ST's share price has been free at around 1 yuan.
In 2016, the company's performance has fallen sharply. Revenue was 18.217 million yuan, a decrease of 66.9% year-on-year; the loss was 16.273 million yuan, and the profit amount decreased by 260.49%. In this regard, the company explained that the loss was mainly due to the fact that the sales model was in transition, with the focus on developing more dispersed terminal bookstores and higher costs.
Ten, Dorks: Transformation pain? The stock price fell below the additional price of 74.44%!
Two times in the innovation layer, Dolce is a leading company in the field of dairy farming.
The company listed the new three board on October 19, 2015, and began to market on January 29, 2016. It was selected as the innovation layer on June 18, 2016, and was selected as the innovation layer 2.0 on May 30, 2017. This is the “Little Cow Princeâ€â€” - Dolce's "first half of life" in the New Third Board.
Being able to enter the innovation layer twice, it is conceivable that the company's performance is not weak. According to the annual report, the company achieved operating income of 291 million yuan in 2016, a year-on-year increase of 28.05%. However, due to the transformation, the net profit was dragged down. In 2015 and 2016, the net profit was 65.436 million yuan and 48,498,800 yuan respectively.
In November 2016, the company made an additional issuance for the purchase of 100% equity of “Huangfu Milkâ€. At the price of 18 yuan, nearly 1,500,000 yuan of shares were issued, totaling 833,300 shares, and 1.66 million yuan in cash was paid. This is a key step for Dolce to enter the dairy market from dairy farming.
In January of the same year, the company also issued 4 million shares at a price of 12.5 yuan, melting 50 million. These two increments have increased the valuation of Dorks from 876 million yuan to 1.276 billion yuan, an increase of 45.66%.
However, despite the positive effects of this merger, the company's share price has started a downward trend that has not turned back this year. As of July 31, the company's share price closed at 4.6 yuan. The latest price increase has fallen by 74.44%.
At present, the company has a market value of 326 million yuan and a net asset of 603 million yuan. Do you think this is an underestimation?
Note: The stock price in the text is all re-issued.
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