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the china securities regulatory commission continues to release big moves! the big drop and consecutive drops will be "responsible", and the list of affected companies is here

2024-09-25

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with share prices falling sharply, major index components may need to clarify their response measures.

yesterday evening, according to the website of the china securities regulatory commission, the china securities regulatory commission publicly solicited opinions on the "guidelines for the supervision of listed companies no. 10 - market value management (draft for comments)".article 8 of the regulations stipulates that major index constituent companies shall formulate and disclose the market value management system of listed companies after review by the board of directors, and shall at least clarify the following matters:

(1) the specific department or personnel responsible for market value management;

(2) duties and responsibilities of directors and senior management personnel;

(3) internal assessment and evaluation methods of listed companies;

(iv) specific arrangements for monitoring and early warning mechanisms for indicators such as market capitalization, price-to-earnings ratio, price-to-book ratio, etc. of listed companies and the industry average levels of the above indicators;

(v) response measures for listed companies when their stock prices fall continuously or sharply in the short term. major index constituent companies shall make special explanations on the implementation of the market value management system in the annual performance briefing. the situation of continuous or sharp decline in stock prices in the short term refers to ① the cumulative decline in the closing price of the listed company's stock reaches 20% within 20 consecutive trading days; ② the closing price of the listed company's stock is lower than 50% of the highest closing price of the stock in the most recent year.

according to article 13 of "guidelines for the supervision of listed companies no. 10 - market value management (draft for comments)", the major index constituent companies mainly refer to the csi 300, science and technology innovation 50, science and technology innovation 100, chinext index, and beijing stock exchange 50 index constituent companies.

securities times databao sorted out these major index components and found that according to the latest trading day statistics,there are three constituent stocks whose closing prices of listed companies have fallen by 20% in 20 consecutive trading days., respectivelyxingqi eye drops, triangle defenseandtimes electricin the past 20 days, the stock price has fallen by 26.6%, 24.47% and 21.41% respectively.times electricit is a constituent stock of the csi 300 index and the science and technology innovation index.baili tianheng-uthe stock price has fallen by 19.03% in the past 20 days, which is close to 20%.

for the second situation:the closing price of a listed company's stock is less than 50% of the highest closing price of the stock in the most recent yeardatabao sorted out 95 major index constituent stocks, including 23 stocks in the power equipment industry, 16 stocks in the pharmaceutical and biological industry, and 16 stocks in the electronics industry.

in the past year, 18 of the 31 industry indices of shenwan have fallen by more than 20% in total. among them, the power equipment industry was affected by industrial clearance, and the stock price performance continued to be under pressure, with the industry index falling by 24.14% in total.

aerospace ambitionsthe latest closing price of the company is the largest difference from the highest closing price in the past year. the stock is a component stock of the science and technology innovation 100 index. the latest closing price is 13.26 yuan/share, which is 75.61% lower than the highest closing price of 54.36 yuan/share in the past year. the company's net profit attributable to the parent company in the first half of the year was a loss of 185 million yuan, turning from profit to loss year-on-year. in addition, the departure of the company's core technical personnel at the beginning of this year, the suspension of procurement due to violations, and the resignation of many senior executives have also caused the stock price to continue to fall, and it has already fallen below the issue price.

among the stocks with the largest drop in the latest closing price compared to the highest closing price in the past year,aiko solar, tcl zhonghuan, ja solarthe net profits in the first half of the year all showed a significant turnaround from profit to loss year-on-year;everbright huaxin, defang nano, rongchang bio, intenlifei-u, dongxin sharesthe net profit in the first half of the year continued to be in the loss state.

the stocks with continuous concentration of chips are released

according to statistics from securities times databao, 276 companies announced the latest number of shareholder accounts as of september 20. compared with previous periods, the number of shareholder accounts of 39 stocks (excluding st stocks) has decreased for more than three consecutive periods, and the number of shareholder accounts has decreased for as many as 10 consecutive periods, and the chips are showing a trend of continuous concentration.

among the stocks with a continuous decline in the number of shareholder accounts, the ones with a longer continuous decline are:genesis, zhongchen sharesetc. among them,genesisthe latest number of shareholders is 77,429, which has been reduced for 10 consecutive periods, with a cumulative decrease of 11.14%;zhongchen sharesthe latest number of households is 22,453, and the number of shareholder households has dropped for 9 consecutive periods, with a cumulative drop of 22.33%.youyan new materials, yanjing beerwait.

12 stocks received major capital increases for 2 consecutive days

from the perspective of market performance, among the stocks with declining shareholder numbers, 13 have seen their share prices rise since the concentration of chips, while 26 have seen their share prices fall.there are shangtai technology, yanjing beer, oushen electric, bailong innovation parketc., up 16.48%, 15.17%, 11.37% and 10.53% respectively.

compared with the shanghai stock index,shangtai technology, yanjing beer, oushen electric, bailong innovation park, xuji electric, yuanda environmental protectionall of them achieved excess returns of more than 10 percentage points.

since this week, 12 stocks with continuous chip concentration have received net inflows of major funds for two consecutive days, among whichgolden arowanathe main funds had the largest net inflow, with a total net inflow of 19.9133 million yuan in two days.shangtai technology, haowu shares, xuji electric, oushen electricthe total net inflow amount ranks first.

judging from the institutional trends, the number of shareholder accounts has been declining.china southern power grid, huizhong holdings, yanjing beerreceived institutional research since september.

china southern power gridin an institutional survey, it was stated that as of the first half of 2024, the company has more than 400 industrial and commercial distributed photovoltaic projects in operation, with an installed capacity of approximately 2.1gw. preliminary statistics show that the company's average full investment internal rate of return for its currently operating industrial and commercial distributed photovoltaic projects is higher than 6%, and the subsidized industrial and commercial distributed photovoltaic projects put into production before 2021 will generally have higher rates of return.