Shocked!Reveal the stock price plummeted, and 12.4 billion funds frantically cut the meat scene!

Mondo Finance Updated on 2024-01-31

There was a high-profile incident on the A** market, and the share price of *ST Zuojiang (300799) fell for five consecutive trading days since December 13, falling by more than 67%, which caused widespread concern in the market. This series of declines has led to different opinions and reactions among investors, with some showing composure and choosing to cover their positions, while others have suffered serious losses and even felt hopeless.

As the "stock king" of the A-share ST sector, Zuojiang Technology's share price has dropped from more than 180 yuan all the way to about 62 yuan at present, a decline of nearly 80%. Such stock price fluctuations make people wonder what happened to the company and why there was such a tragic **?Zuojiang Technology is a company that provides software and hardware solutions in the field of information security, and has won the titles of National High-tech Enterprise, Zhongguancun High-tech Enterprise, and Beijing Specialized and New "Little Giant" Enterprise. However, the company's performance has declined significantly.

Full-year 2021 revenue fell to 11.8 billion yuan, and the net profit attributable to the parent company was only 56.6 billion50,000 yuan, deducting non-net profit is only 24370,000 yuan. In 2022, the company's revenue will fall to 58.96 million yuan, a year-on-year decline, and the net profit attributable to the parent company will be a loss of 14.7 billion yuan. With the decline in performance, Zuojiang Technology became an ST share in May 2023, and then became the "stock king" of the A-share ST sector in one fell swoop.

The company's revenue in the first three quarters of 2023 is only 33.72 million yuan, and the net profit attributable to the parent company is a loss of more than 97 million yuan. It is worth noting that in the reply to the inquiry letter of the previous three quarterly reports, the 12.61 million yuan DPU chip sales contract confirmed by Zuojiang Technology in January 2023 was confirmed by the accountant that further judgment was required to determine whether the relevant sales could finally be confirmed in 2023.

At the same time, the 51 million yuan contract disclosed by Zuojiang Technology in June 2023 could not be recognized due to the inability to complete the delivery and acceptance of the server network card on the Qingyang project in 2023. In the announcement, Zuojiang Technology bluntly said that due to the uncertainty of customers about product acceptance, if more products fail to be delivered according to the company's plan, the company will lose money in 2023 and the operating income will be less than 100 million yuan, the company will have the risk of terminating the listing transaction.

In addition, the 2022 annual audit report shows that there is uncertainty in the company's ability to continue operations, and the company's relevant financial indicators have not yet improved, and there is still uncertainty in the company's ability to continue operations. It can be seen that the stock price of Zuojiang Technology is not accidental, but caused by a series of problems such as the decline in the company's performance and the inability to perform the contract. This is also the reason why investors are anxious and disappointed. Whether Zuojiang Technology, the "stock king", can get out of the predicament remains to be tested by time.

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