Three-no enterprises, operating for 5 years of loss of up to 20 billion, but the stock price has hit a record high, shareholders have said: the more losses, the more rapid the rise!Shocking news!A company with no bright spots to speak of has lost as much as 20 billion in five years. However, what is even more incredible is that the company's stock price has hit a record high, making shareholders say: "The more losses, the faster the rise!".”
What secrets is this company hiding?Why was it able to counterattack in the face of huge losses?Next, we will unravel this mystery for you.
The a** field is prosperous and abundant, and all kinds of companies are emerging in an endless stream. I have seen loss-making companies, and I have seen companies that continue to lose money, however, there is a company that presents a rare and peculiar scene - five consecutive years of losses, with a cumulative loss of nearly 2 billion, but it can set a record of rising stock prices, which is really unbelievable!
The company is unique in that although it successfully went public in June this year, it has been mired in losses since the beginning of 2019.
That is, it has been in a loss-making state for four years before going public. Despite the huge accumulated losses, the company raised 3.4 billion while successfully going public. However, what is even more unexpected is that despite the company's continuous losses, the stock price has steadily climbed and hit a new all-time high!
Which one is it?What is this company mainly engaged in?Who is the sponsor?Let's dive in!
Zhixiang Jintai is a biopharmaceutical company focusing on innovation-driven, and its drug research and development direction focuses on autoimmune diseases, infectious diseases and tumors. Up to now, the company has a full range of antibody drug R&D and production capabilities from molecule discovery, process development and quality research, clinical research to commercial production
By studying the financial data of Zhixiang Jintai, we found that the company's revenue between 2020 and 2022 was 10880,000 yuan, 39.19 million yuan, 47520,000 yuan, while the net profit was -372.6 billion yuan, -322.1 billion yuan, -576.4 billion yuan. The company has been losing money for five consecutive years and is expected to lose 568.2 billion, shockingly, the revenue in the third quarter of 2023 is only 13910,000 yuan!
The annual income is only 100,000 yuan, which is even less than the barbecue restaurant downstairs in my house. However, even then, the company was able to go public. The company employs as many as 392 people, with an average salary of 25250,000 yuan.
Whether the company makes money or not, or even loses money every year, cannot be unfair to employees. Zhixiang Jintai's sponsor is Haitong**, and they originally planned to raise 39800 million yuan will be used for the reconstruction and expansion of the first phase of the antibody industrialization base project, the second phase of the antibody industrialization base project, the antibody drug research and development project and the replenishment of working capital.
After the inquiry, Haitong ** and Zhixiang Jintai agreed to issue ** 3788 yuan, 91.68 million shares were issued, and the final raised funds reached 347.3 billion, from which Haitong ** received about 16.4 billion in sponsor fees.
It is very easy for Haitong to earn sponsor fees: sponsoring Yutaiwei and getting 1$47.2 billion in sponsorship fees;Sponsored UFJ Technology and won 2$6.2 billion in sponsorship fees;
Sponsored Suochen Technology and won 2$2.2 billion in sponsorship fees;Sponsored Jingwei shares and obtained a sponsor fee of 50 million;Sponsored SMIC and obtained 2300 million sponsor fee;
Finally, he sponsored Zhixiang Jintai and won 16.4 billion in sponsor fees. The sponsorship fee of these ** alone exceeded 1 billion, and the money came so quickly, it really made people feel fulfilling!
Zhixiang Jintai was listed on June 21, less than a month, and issued an announcement on July 18: on the premise of ensuring the safety of the raised funds and not affecting the implementation of investment projects, the maximum of 2 billion yuan of temporarily idle funds will be used for cash management, and the sponsor Haitong ** said that there is no objection!
Zhixiang Jintai successfully raised 3.4 billion, of which 2 billion was directly used to purchase wealth management products. This move shows that the company has abundant funds, and the actual operation needs only more than 1 billion.
Surprisingly, however, the company's revenue in the third quarter was only 6,330$27!Yes, you heard it right, this is a quarterly turnover of a listed company, which is even lower than a month's revenue from food delivery. Is the more than 6,000 yuan used for interest in the purchase of wealth management products?
The current Zuojiang may be the future Jintai, reminding ** to pay attention to their own safety, cherish life, and stay away from possible fraud. This three-no company is actually hyped like this, and there may be chaos after the hype!
The revenue in the third quarter was only 6,300 yuan, which was not even as high as the income of a food delivery person. With such a performance, he succeeded in attracting the attention of the people!Even if it loses billions, the stock price can still be maintained at the level of more than 40, which is really an improper use of the people's funds.
The company's revenue is only a few thousand dollars a year, and although the stock price has risen so high, no one actually buys it, and now it has become wiser. This ** chip is mainly concentrated in the hands of dealers and institutions, which is why it can only rise and not fall, because its products are three-no products.
This seems to be the legendary ** that meets the conditions for delisting when it is listed, which is really incredible!Buying Zhixiang Jintai's ** can be an unwise choice, as it is not good in every way.
According to this logic, it seems that the small shop downstairs of my house may also apply for listingInvestors have complained about this situation, and the implementation of the registration system has made great changes in the market. In the past, in order to go public, you had to make a profit for 3 consecutive years and be reviewed and approved by the China Securities Regulatory Commission before you could go public!
The situation is completely different now, the relevant regulations have been much relaxed, and many companies that initially failed to meet the listing qualifications have submitted listing applications.
Even if you lost money last year or this year, you can apply for listing by default. This is a bit puzzling, after all, loss-making companies are required to delist, but why are these loss-making companies allowed to go public?Zhixiang Jintai's future performance has become the focus of attention!