Listed companies have just been listed for less than one and a half years, and because the stock price continues to be sluggish, it can only start measures to stabilize the stock price.
For Pawa shares, a company listed on the Science and Technology Innovation Board, the company's stock price has been lower than the net assets per share for 20 consecutive trading days. On March 3, due to the continuous downturn in the stock price, the company triggered measures to stabilize the stock price, and will formulate a specific plan to stabilize the stock price, which will be implemented after the completion of the relevant internal decision-making procedures and external approval and filing procedures (if necessary).
As a listed company, when the shares of Pawa were listed in September 2022, it was 5188 yuan shares of ** initial offering 3359460,000 shares were listed on the STAR Market. As a result, the stock price broke on the first day of listing, and now the stock price is about 18 yuan per share**, which is already a state of breaking and breaking.
The company's stock price may also have something to do with the company's performance.
In the past two years, the performance pressure of Pawa shares is not small, especially in the recently released 2023 performance express report, Pawa shares achieved revenue of 128.4 billion yuan, a year-on-year decrease of 2246%；Net profit attributable to shareholders of the parent company (net profit, the same below) was 1912090,000 yuan, a year-on-year decrease of 8688%；Net profit after deducting non-recurring gains and losses was 1673870,000 yuan, a year-on-year decrease of 8526%。
In just one year, the company's performance has declined three times in a row, with revenue declining, net profit declining, and non-net profit declining, and the decline is very high.
From 2020 to 2022, that is, before the listing, the performance of Pawa shares is growing steadily, with a three-year revenue of 57.9 billion yuan, 86.6 billion yuan, 165.6 billion yuan, a year-on-year increase. 21%；Net profit 4098380,000 yuan, 8355540,000 yuan, 14.6 billion yuan, a year-on-year increase. 52%。
However, in 2023, the company's performance has been declining, especially under the dual pressure of upstream and downstream, the company's performance has declined significantly, especially as an enterprise engaged in the research and development, production and sales of new energy battery materials, the company's products are mainly lithium battery ternary cathode precursors, sodium electro-iron-based ternary and copper-based quaternary cathode precursors.
According to the 2022 financial report, the company's top five customer sales revenue accounted for 96% of the total revenue31%, of which the sales revenue from Xiamen Tungsten New Energy and Guangdong Brunp accounted for 8842%。If, once the demand of large customers decreases, then the impact on Pawa shares is very large.
In particular, due to the decline in upstream raw materials, the decrease in downstream terminal demand, and the intensification of market competition, the company's product shipments have declined, which has also led to a decline in the company's gross profit margin and a decline in net profit indicators.
The poor performance has led to a continuous decline in the company's stock price, and even from January 26, 2024 to March 1, 2024, the company's ** price has been lower than the net assets per share for 20 consecutive trading days, meeting the conditions for triggering the launch of stock price stabilization measures.
Before the listing, Pawa shares have formulated a plan to stabilize the stock price within 3 years of listing. According to the "Stock Price Stabilization Plan", within 36 months after the company's initial public offering and listing, once the company's ** price is lower than the audited net assets per share of the latest period (at the end of the previous fiscal year) for 20 consecutive trading days (if the company's net assets or total number of shares change due to profit distribution, capital reserve conversion to share capital, additional issuance, allotment and other ex-rights and dividends, the net assets per share will be adjusted accordingly), the company will trigger the conditions for the initiation of stock price stabilization measures.
According to the 2022 Annual Report published on April 14, 2023, the Company's most recently audited net assets per share were 2324 yuan. After the profit distribution in 2022, the latest audit now shows that the net assets per share are adjusted to 19 after ex-rights and dividends0928 yuan. Now, the company's stock price has been lower than the net assets per share for 20 consecutive trading days, so the opening condition for stabilizing the stock price is triggered.
After going public in 2022, the company's ** broke on the first day, and closed down 2176% to 4059 yuan shares, while the opening price is 51$88 shares. Later, the company's stock price went all the way to a downward trend, and by February 5, 2024, the company's stock price even fell to a minimum of 15$9 shares.
During the period when the stock price was declining, Pawa shares issued a buyback plan, but it had little effect on the stimulus of the stock price. However, the company's share price has continued to decline.
If Pawa shares want to turn the situation around, they still have to hit performance!