Xinlai Materials(300260.)SZ) said on the investor interactive platform on December 15 that with the market development and production improvement of Shandong Bihai, Shandong Bihai's influence in China's aseptic packaging industry has gradually increased, and its market share ranks among the best in China's local aseptic packaging enterprises, and it is one of the few local enterprises in China that can develop and produce aseptic carton filling machines and large-scale production of aseptic packaging materials at the same time.
According to the 2023 semi-annual report, Shandong Bihai's net profit is 5486710,000 yuan, the total net profit of Xinlai should be 11 billion, undoubtedly "half of the country". As the company's "cash cow", the importance of Shandong Bihai is self-evident.
However, on September 23, 2023, Xinlai announced that Mr. Li Shanhong no longer serves as the company's deputy general manager. Li Shanhong is at the helm of Shandong Bihai Packaging Materials. It was under his leadership and participation that in 2018, Xinlai should acquire Shandong Bihai with a large amount of money.
According to data from Oriental Wealth Choice, from September 2021 to March 2023, Li Shanhong sold the company** he held through block trading, with an amount of more than 39.7 billion yuan. As of the announcement date, Mr. Li Shanhong held 8,465,400 shares of the company, accounting for 2 percent of the company's total share capital08%。
Compared with the ** of nearly 400 million yuan for a single executive, the latest repurchase plan implemented by Xinlai Applied Materials is only one million. Xinlai announced on the evening of December 3 that as of the end of November 2023, the company has repurchased about 160,000 shares through a centralized bidding transaction through a special repurchase account, accounting for 00402%, with a total payment of about RMB 5.34 million.
For such a large numerical contrast, investors' comments are not good-natured. The stock price trend is also not ideal. On December 4, the announcement was closed on the same day, and the ** price was 33$35 shares. All the way down, twelve trading days, on December 19, the ** price was 30$81 shares.
A brokerage analyst said that the performance of (Xinlai Materials) is under pressure in the short term and is waiting for downstream demand to pick up.
What is puzzling is that the executives are constantly holding "profit cows".Are there any other factors besides the "pressure" on performance that analysts have repeatedly mentioned in their research reports?Hundreds of millions of repurchases, who has more confidence in Xinlai Materials?
Disclaimer: The market is risky, choose carefully!This article is for reference only and is not intended as a basis for trading.