This year, this ** is indeed murderous, and there are nearly 40 ST shares below 2 yuan. The previous concern about Huatie shares (ST Huatie), because the controlling shareholder's capital occupation problem was also ST, yesterday it fell below the 1 yuan mark, quite emotional, so I asked some compliance friends some questions, combined with their own understanding to sort out some content, I hope to help everyone invest.
On the issue of delisting. Judging by past cases,There is no risk of Huatie being delisted due to financial and internal control issues。According to the current rules, penalty delisting is more of a delisting caused by financial fraud, and the issues currently involved by the company do not constitute a condition for delisting. The same similar case is the case of Tianmu Pharmaceutical (received penalties in the year), Zhongli Group and others have not been forced to delist.
The essence of the regulatory authorities is to protect the interests of investors, and the problem of the controlling shareholder will not let the company take the blame, but more to impose penalties on the actual controller, ban on market entry, and in serious cases, the judicial authorities will intervene. Listed companies generally close cases with fines and administrative penalties.
It needs to be reminded here that for Huatie shares, the current situation to strengthen market value management to maintain the face value is the top priority, if you want to wait for the delisting to re-list, the road is long, not the best plan. I believe that at this stage, the company will not fail to take measures, after all, it is the best choice to stay in A-shares.
Although there are quite a few criticisms on the Internet about Huatie Company and its controlling shareholder, I think it is somewhat biased. In fact, in the era of loose financing, the bosses of many listed companies with a market value of 10 billion yuan have pulled up the leverage, full of dreams of rushing 50 billion or 100 billion yuan, and their own net worth is Forbes.
Taking Huatie as an example, the original intention of acquiring BVV, my personal judgment was to become a stronger and bigger listed company, but with the tightening of the financing environment, the BVV front is too long, and the whole situation does not follow the script at all, so there is today's situation.
In short, the BVV Group is a company with a high market share in the international rail axle market and a dominant position in the elastic wheel market for streetcars in the United States. More importantlyBVV Group is also one of the qualified suppliers of high-speed rail wheels in China。It can only be said that the acquisition in 2021, due to the influence of the international environment, has superimposed too many uncertainties, and in the end, it will be a success or a failure.
In any case, the performance forecast for 2023 has also come out, and the main business revenue is about 8600 million yuan, a year-on-year increase of 50%, excluding impairment and other factors, the main business contribution profit is still 12.7 billion yuan. You can check how many companies have a profit of more than 100 million yuan, which is also quite an interesting phenomenon. Therefore, in fact, ST Huatie is not as bad as everyone thinks.
Written at the end, objectively talk about the company of Huatie:
First, the company still has some core assets. Including the BVV (involving stuck neck technology) currently pledged to 45% of the equity of the listed company, as well as the subsidiary Yatongda.
Second, it is still normal for listed companies to deduct asset impairment and goodwill management, and even positive year-on-year growth.
Third, the controlling shareholder also expressed its willingness and action to repay the loan as soon as possible. I've seen action, but it needs to be stronger.
But in the final analysis, it is necessary to return to the market, and I believe that there will be some measures at the company level in the future