The aftermath of A-share over-offering and ** issuance is coming!
301327 Huabao New Energy, listed on September 19, 2022, with an issue price of 2375 yuan shares, the issuance amount is 2454170,000 shares, with a total raised capital of 582.9 billion, the actual demand is 67.6 billion, more than 5.1 billion overraised!
Who knew that such an excellent listed company would have the best performance after listing, and the stock price would also break all the way! As of February 1, 2024**, the share price is only 5274 yuan shares, excluding 10 to 3, down as much as 75%! Shareholders are powerless to complain: listing is the peak, listing is a loss, and they are going to be delisted!
Huabao New Energy can break, where is the root cause of the stock price? Let's take a look at the listing story of Huabao New Energy:
Huabao New Energy was originally to do outdoor portable energy storage, commonly known as: large power bank! The listing plans to raise 676.2 billion for portable energy storage product expansion projects, R&D center construction projects, brand data center construction projects, and replenishment of working capital!
Huabao New Energy originally needed 600 million, and the issue price of 30 yuan was enough! Huatai United and ** disagree! They have participated**: You quote 300 yuan shares. He quoted 453 yuan shares! Eventually, the stock price was raised to 237$5 shares!
Issue 2454170,000 shares, with a total raised capital of 582.9 billion, over-raised 5.1 billion, Huatai United can take 23.4 billion! Now, the shareholders are paying!
On the evening of January 13, 2024, Huabao New Energy issued an announcement that the company approved the use of no less than 2.1 billion yuan of temporarily idle funds to invest in products with high security, good liquidity, low risk and an investment period of no more than 12 months.
2.1 billion funds are used to purchase wealth management products with an interest rate of only 3%, why do you rebuy but are reluctant to spend money?
On the evening of February 1, 2024, Huabao New Energy released the repurchase progress: the repurchase plan is to use no less than 50 million and no more than 100 million funds for repurchase, and as of January 31**, the company has repurchased 5690,000 shares, costing 35.33 million yuan, with an average cost of 62 yuan shares!
The buyback is progressing slowly, and the company's stock price has fallen into a dog, and now it is only 5690,000 shares. At present, the circulating market value is only 1.8 billion, and 2.1 billion wealth management is enough to buy back all shareholders and take the initiative to delist! The over-raised 5.1 billion doesn't have to be returned, so it's a lot to get in one fell swoop!
On the evening of January 31, 2024, Huabao New Energy released a performance forecast: the net profit in 2023 is expected to lose 1400 million-200 million! Deduct non-net profit loss 2100 million—3100 million!
According to the company's over-raised 5.1 billion, it will lose 300 million a year, and it will lose money for another 16 years! The pre-IPO performance is skyrocketing, with a net profit of 2800 million, and a loss of 300 million immediately after listing! Is this running for losses and delisting?
Does this ticket have a future? See you around the repurchase price of 58,25! It's time to cut, it's going to be 25 or even lower!
Ladies and gentlemen, Huabao New Energy is the production of large power banks, the first year after the listing of the performance is so-so, I didn't expect the second year to immediately lose money, Xiaosan must stop at this time, don't be arbitrary, even if you want to, you have to wait until the first quarter of the performance is released!
237 issued, now 50 yuan repurchase, the repurchase amount is small, the speed is slow, and the performance is a loss, this is undoubtedly selling the company! Stockholders stay away from broken stocks!
Shareholders complain about the inability of Huabao New Energy to complain, ** issuance and over-offering issuance are a big cancer of A-shares! Do you think Huabao Xinneng will be delisted? You are welcome to leave a comment below.