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hello, the stock market | 5336 stocks rose, and only 8 fell! what's going on with these 8 companies?

2024-09-30

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on september 30, a shares witnessed history again. in just 35 minutes after the market opened, the transaction volume of shanghai and shenzhen stock markets exceeded 1 trillion yuan, setting a new record for the fastest trillion yuan in history. flush data shows that 5,336 stocks in the city rose, and only 8 stocks fell. this is the only trading day in which only single-digit stocks fell since the number of a-share listed companies exceeded 3,000 on november 29, 2016, setting a record for falling stocks. the smallest number of records.
as of the close, the shanghai stock exchange index rose 8.06%, the shenzhen component index rose 10.67%, the gem index rose 15.36%, the bse 50 rose 22.84%, and the city's turnover was approximately 261 million yuan.
on the last trading day before the national day, only 8 stocks fell in the city, and they were all st shares - a shares were booming, and these 8 stocks were particularly "green" among them. faced with the overwhelming popularity, why can’t these stocks even catch up?
on september 30, a rare 713 stocks in the city reached their daily limit. in such "carnival" days, *st jingfeng (000908.sz) and *st zhongli (002309.sz) hit the downward limit.
*st zhongli’s main business is special cable business and new energy photovoltaic module business segment. from 2020 to the first half of 2024, the company has suffered losses year after year. it is reported that the company was implemented st due to the problem of capital occupation by the controlling shareholder. in august this year, due to the fact that between 2016 and 2020, *st zhongli inflated its operating income and total profits, involving huge amounts, and there were illegal occupation of funds, external guarantees, and illegal reduction of holdings by controlling shareholders, the company and its relevant parties subject to disciplinary action by the shenzhen stock exchange.
*st jingfeng’s main business is the research and development, manufacturing and sales of pharmaceutical products. the company's main products are injections, solid preparations, and apis. due to the long-term financial difficulties of declining profits, st was implemented. as of june 30, 2024, the net assets attributable to shareholders of the listed company were -73.3085 million yuan. if indicators such as profits and net assets in the company's financial report in 2024 are still negative, *st jingfeng may face the risk of being terminated from listing.
st haoyuan (002700.sz) is the "least impressive" stock. in the four trading days since september 25, only st haoyuan has fallen continuously in the city, "running counter to" the trend of the market. it is reported that the company is mainly engaged in natural gas transmission, distribution, sales and home installation business. due to the problem of large shareholders occupying funds, which could not be resolved for a long time, the company's stocks were subject to st treatment according to relevant regulations.
in addition, on september 30, the stock prices of *st tongmai, *st kao, *st hongyang, *st weihai and *st sansheng all fell. it can be seen from the announcements of listed companies that these five companies have considerable "flaws" in their internal controls, operating performance and other fundamentals, involving the occupation of non-operating funds by controlling shareholders and related parties, illegal guarantees, consecutive years of losses, and reorganization applications. admission and other financial and governance issues.
judging from the overall rise and fall from september 25 to september 30, the stock prices of only 10 stocks in the city fell. except for datang telecom and baobian electric, the other eight stocks are all st stocks.
datang telecom (600198.sh) is the stock with the largest overall share price decline among all stocks in the past four trading days. the company's main business includes security chip business and special communications business. as a state-owned enterprise, datang telecom has previously closed 7 daily limits due to the concept of state-owned enterprise reform. in the first half of 2024, the company's operating income fell by 33.25% compared with the same period last year, and the net profit attributable to the parent company was -61.8174 million yuan.
baobian electric (600550.sh) is mainly engaged in the manufacturing and sales of transformers and accessories. in 2022 and 2023, baobian electric's profits will suffer consecutive losses. similar to datang telecom, it also experienced a "skyrocketing" due to the concept of state-owned enterprise reform, and it once achieved 11 daily limits in 15 trading days.
faced with the extraordinary period of sharp rise in a-shares, some people believe that there are still opportunities to "buy the bottom" while these stocks are "turning green". although st company can achieve a rebound in its stock price through restructuring and improving operations, it can bring benefits to investors. however, since the financial status and other fundamentals of the companies represented by st shares are generally poor, or they have been focused on by regulatory agencies due to violations of laws and regulations, the realization of this potential benefit requires time and the joint action of multiple factors, and has a high risk uncertainty, investors still need to be cautious when operating.
(popular news·fengkou finance reporter xu yaowen)
(the opinions in this article are for reference only and do not constitute investment advice. investment is risky, so please be cautious when entering the market!)
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