The stock price fell by 60 in a year, and EVE Lithium Energy plans to repurchase shares of no more

Mondo Finance Updated on 2024-02-06

In the context of successive rounds of repurchases that have not prevented the stock price from sustaining, EVE Lithium Energy (300014) once again threw out a repurchase plan on the 5th, planning to repurchase the company's shares with 100 million to 200 million yuan, and repurchase no more than 58 yuan shares.

The stock price fell by 60% in a year.

In August 2022, EVE's share price soared to 12148 yuan shares after the start again**. So far in 2023, its stock price has fallen by 6347%。At a time when the stock price is "falling endlessly", the company frequently throws out repurchase plans.

In 2022 alone, EVE has completed two rounds of repurchase plans, with a total repurchase amount of 2 billion yuan and 1.5 billion yuan respectively. In October 2023, the company once again completed a new round of repurchase plan, with a total repurchase amount of 1.5 billion yuan. The above-mentioned repurchase funds** are all self-owned funds, and the repurchased shares are intended to be used for the implementation of employee stock ownership plans or equity incentives.

However, round after round of buybacks did not stop the company's share price. On the 5th, the company's share price closed at 3203 yuan shares, the most **152 compared with 2021$26 shares** over 78%.

On the 5th, EVE once again threw out a repurchase plan, planning to repurchase the company's shares with its own funds in a centralized bidding transaction for the implementation of employee stock ownership plans or equity incentives. The total amount of repurchase funds shall not be less than 100 million yuan and not more than 200 million yuan, and the repurchase ** shall not exceed 58 yuan shares.

Significant shareholders may be at risk of liquidation.

As for the reasons for the previous repurchases, EVE said that the purpose of the repurchase is to improve the company's long-term incentive and restraint mechanism based on the recognition of the company's intrinsic value and confidence in its development prospects.

However, for this statement, many investors said that they did not buy it: "If the repurchase is not cancelled, it is a hooligan", and questioned that the company's continued repurchase is to avoid the liquidation of the ** pledged by major shareholders.

Wind statistics show that as of the 5th, the company's largest shareholder, EVE has not released a total of 340.48 million shares, accounting for 51% of its total share capital98%, accounting for 1664%, and the weighted average staking start date reference price is 6069 yuan shares, compared with the latest **price**4722%;The shares of the actual controllers Liu Jincheng and Luo Jinhong that have not yet been released from the pledge are 10 million shares and 38.71 million shares respectively, accounting for 12 of their total shares1% and 4999%, and the weighted average staking start date reference price is 57$55 shares and $5971 yuan shares, compared with the latest **price**4434% and 4608%。

The company has repeatedly thrown out a buyback plan in order to boost the stock price, is it to avoid the major shareholder ** being "liquidated"? Is there a risk of liquidation at this time? Why does the company only repurchase and not deregister? With the above questions, the reporter of "Dazhong ** Daily" called EVE Lithium Energy, and the company refused to interview after learning the identity of the reporter, saying that "everything is subject to the letter".

On the evening of the 5th, EVE disclosed its performance forecast, which is expected to achieve a net profit of 40 in 2023$3.5 billion to $42$1.1 billion, an increase of 15% to 20% over the same period last year. The company said that during the reporting period, the company continued to increase R&D investment and innovation, continuously launched industry-leading product solutions and services, and promoted the continuous growth of the power battery and energy storage industry market at home and abroad.

Reporter Zhu Rong.

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