Listed companies have been disclosing their 2021 financial reports, and many companies that were once mired in losses have been labeled "ST" by the Securities Industry Association as a delisting risk warning. To people's dismay, some of the performance of the white horse's share price did not rise, while some ST shares of the share price but soared. What's the mystery hidden inside?
Because ST's stocks have suffered consecutive losses, their share prices have met their Waterloo. Once the company's performance is negative, turn a loss into a profit, by the SEC to remove the cap, the stock price is bound to have a big market.2023, which ST companies are likely to remove the cap? I'll give you one by one to see if you have on board!
1.* St. Konami
* ST Konami, also known as Konami Pharmaceuticals, is mainly engaged in the business of traditional Chinese medicine tablets, trade in traditional Chinese medicine tablets, pharmaceutical production and sales, health care products and health food, traditional Chinese medicine market operations, pharmaceutical e-commerce, and medical services. The company is headquartered in Puning City, Guangdong Province, and was once a leading player in the traditional Chinese medicine industry with unlimited glory! Since Kangmei Pharmaceuticals was penalized by the Securities and Futures Commission (SFC) for the occupation of 30 billion yuan of the company's funds by its major shareholders, the company has made a large number of provisions for the decline in the value of inventories, resulting in the company's losses in successive years, and the share price fell from the highest of more than 30 yuan to 2.73 yuan.
January 28, 2023, Kangmei Pharmaceuticals released the 2021 annual earnings forecast announcement. The company's performance is expected to be between 5.6 billion yuan and 8.4 billion yuan. Last year, the company lost as much as 27.7 billion yuan!
What caused the company to achieve a profit reversal in one year?On December 29, 2021, Jieyang Intermediate People's Court made (2021) Yue 52 Broken Word No. 4, "Civil Ruling", ruled that the "Reorganization Plan" has been implemented, and the related restructuring net income of about 175 million yuan, the company's performance year-on-year growth, reversing the loss to profit.
That is to say, Kangmei Pharmaceuticals reversed its loss through non-recurring income. If non-recurring gains were deducted, the company's main operating profit would still be between -5.7 billion and -8.6 billion yuan.
In any case, it's time for the company to take its hat off. Do investors still have a chance before the company removes its cap in 2023?
Comprehensive evaluation: turnaround indicator of earnings quality
2.* St. HNA
ST, Hainan Airlines, is mainly engaged in international and domestic air passenger transportation business. in 2020, the company lost 64 billion yuan and is in deep trouble. Its share price has been fluctuating around $2. According to the company's 2021 annual performance forecast, the company realized a net profit of 4.5 billion yuan to 6.2 billion yuan in 2021.
The company's turnaround is not due to an improvement in its main business. Compared with last year, its main business only lost 9.3 billion yuan. The turnaround in the company's current performance is mainly due to the reorganization, which has an impact of about 16 billion yuan to 176 billion yuan, and net profit after non-recurring gains and losses ranges from -8.8 billion yuan to 105 billion yuan. In other words, the company's turnaround is not due to recurring gains.
On February 10, 2021, the Higher People's Court of Hainan Province ruled to accept the creditor's application for reorganization of the company and its ten subsidiaries.On December 31, 2021, the company and its subsidiaries received the Civil Ruling Letter No. of the Higher People's Court of Hainan Province, which confirms that the "Reorganization Plan of Hainan Airlines Holding Company Limited and its ten subsidiaries" (hereinafter referred to as the "Reorganization Plan") has been The execution is completed. According to the declaration of bankruptcy reorganization claims, claims retention and settlement, other main reorganization arrangements and the implementation of the "Reorganization Plan", the Company and its ten subsidiaries recognized the relevant debt restructuring profit amounting to approximately RMB 16 million to RMB 17.6 million for the period.
It can be seen that HNA's turnaround is entirely due to the need to take off the hat. 2021 profit is due to creditors forgave part of the debt, resulting in the company's profit. It would be quite difficult to achieve sustained profitability next year!
Comprehensive evaluation: turnaround indicators of profitability quality
3.*ST Energy Conservation
The company formerly known as Shenwu Energy Conservation Company, mainly engaged in the promotion of regenerative bottoming furnace treatment of metallurgical dust and slag technology as well as the traditional metallurgical industry design business, with a total market capitalization of only 2 bi
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Company's current performance of the pre-profit The main reason is to have two points, one is affected by market factors, the coal industry boom is good, the company's commodity coal sales prices rose sharply compared with the same period last year, resulting in a substantial increase in the company's earnings year-on-year. Secondly, the company acquired in 2021 Aral Yu can investment limited liability company overall profitability is good, for the company to create a better benefit!
ST Dayou's profitability index and profitability quality are the best of these turnaround companies, this point can be directly reflected from the company's share price, the company's earnings forecast disclosure, the stock price showed a word long serpentine growth. Originally hovering on the edge of delisting, suddenly a piece of news, the stock price recorded 15 consecutive stops! This stock is the *ST Sitta. Netizens in the stock bar discussion is very enthusiastic, some netizens left a message: "I want to buy more than 7 dollars in the past year all the way down to 3 cut meat, hard ah", there are also netizens said, "This is a very good storyteller, evening the big money company." There are also netizens suggested that the suspension of verification: "which have daily stops, should be suspended to verify the closure of the small dark room, nausea Zhuang, every day, counting money. Open every annual report disclosure period, as a special plate, ST stock plate will be a lot of investors' attention. This year, a number of ST stock trend is abnormal, some companies once out of the doubling market, there are companies take the lead in announcing the delisting, and more company performance year-on-year to achieve a large increase and turn a loss into a profit. Reorganization plan implementation is complete *ST Sida real controller change of ownership 2021 the last day of the year, *ST Sida released an announcement that the company has received 900 million yuan of funds from reorganization investors, reorganization plan has been successfully implemented. According to the previous announcement, the nearly 900 million yuan of funds provided by the reorganization investors will be used to pay bankruptcy expenses and *** benefit debts, settle debts, supplement the liquidity of the listed company and promote the industrial upgrading of the listed company. According to Fujian Big Data's plan, it will inject Nebula Big Data, in which it holds 84.25% of the shares, into *ST Sida in due course, and the injection methods include but are not limited to the purchase of assets by cash and the purchase of assets by issuing shares. *ST Sida will continue to retain the Internet of Things perimeter security business. 23 February *ST Sida evening announcement that the reason for this change in equity is the implementation of "Fujian Sida Group (600734) Co. This change in equity so that the real group controlling shareholders by Zhengzhou Airport Zone Xingchuang Electronic Technology Co., Ltd. change to Fujian Province, the number of Sheng Investment Partnership, the actual controller changed to the Fujian Provincial People's Government State-owned Assets Supervision and Administration Commission. Prior to this change of interests, the number of shares with voting rights of Xingchuang Electronics was 71,841,297 shares, accounting for 11.54% of the total share capital of the Company, and Zhengzhou Airport Economic Comprehensive Experimental Zone Management Committee indirectly held 100% equity interest in Xingchuang Electronics. After this change of interests, Fujian Numbersheng directly holds 544,575,590 shares of SITA Group, accounting for 25.00% of the total share capital, and become the largest shareholder of *ST SITA. 15 consecutive boards after 3 stops The possibility of being terminated from the listing is minimal *ST SITA was officially listed on the Shanghai Stock Exchange in August 1996, and it is the first IT enterprise listed on the A-share market in China. At present, the company has three main businesses: first, mobile intelligent terminal business, including mobile intelligent terminal and related core components of the research and development, design, production and sales, covering a variety of fields such as cell phones and industry terminals; second, mobile intelligent terminal supporting battery power business, including battery power research and development, design, production and sales; and third, the Internet of Things (IoT) perimeter security business, including anti-intrusion systems, video surveillance and IoT Security using related software, etc. Since 2015, *ST SITA has transformed to the mobile Internet and Internet of Things industry through continuous mergers and acquisitions and reorganization, and has acquired software and hardware manufacturers such as Xingfei Technology, Oriental Topuyu, Zhongke Rongtong, and Xuhang Network. Although the company has achieved significant growth in operating income through the acquisition and transformation, the attributable net profit has not achieved rapid growth. Starting from the 4th quarter of 2018, due to the double pressure of loan collection by financial institutions and repayment of corporate debt, the lack of operating liquidity funds has caused a large impact on the production and operation of *ST SITA. Due to the negative audited net profit for 2018 and 2019, losses for two consecutive years and the Company's negative audited net assets for 2019, *ST Sida has been put on delisting risk alert in June 2020. at the end of the 2020 fiscal year, the Company's net assets remained negative, and therefore the shares of *ST Sida continue to be put on delisting risk alert. With the successful execution of *ST Sida's reorganization, the company's performance turned from a loss to a profit. on January 29, 2023, *ST Sida released a performance pre-surplus announcement showing that the operating income for the year of 2021 was expected to be approximately RMB974 million, and the operating income after deducting business income unrelated to the main business and income without commercial substance would be approximately RMB923 million. After preliminary calculations by the financial department, *ST Sida is expected to realize net profit of 590 million yuan to 767 million yuan in 2021. Meanwhile, the announcement of *ST Sida also shows that the net assets at the end of the period in 2021 will be about 444 million yuan, while the net assets at the end of the period in 2020 will be -1.163 billion yuan. With *ST Sida's ending net assets turning from negative to positive, the possibility of the company's stock being terminated as a result has been minimal. On the secondary market, *ST Sida opened today with a one-word halt. As of the close of business, the stock reported 2.44 yuan, after 14 consecutive stops. The stock rose a total of 212.82%, the cumulative turnover rate of 10.57%, the latest A-share total market capitalization of 5.315 billion yuan.ST stock life: *ST Xinyi delisted *ST Comet net profit surge March 3, 2023 delisted the first share was born. *ST Xinyi released a notice saying that according to the Administrative Penalty Decision made by the China Securities Regulatory Commission (CSRC), the company's annual inflated operating income in 2018 and 2019, after deducting the inflated operating income, the company's actual operating income for three consecutive fiscal years in 2018, 2019, and 2020 is less than RMB 10 million yuan, and the relevant financial indicators have actually touched the SSE's "Rules for Listing of Stocks The relevant financial indicators have actually touched the circumstances of mandatory delisting for major violations as stipulated in the Rules Governing the Listing of Stocks of SSE and other rules. SSE will make a decision to terminate the listing of the company's shares in accordance with the provisions of Article 9.5.2 and Article 9.5.8 of the Stock Listing Rules. According to data treasure statistics, from the secondary market performance point of view, since February, 52 performance turnaround ST shares average gain of 10.36%, exceeding the Shanghai index for the same period of more than 6 percentage points. *ST Chengxing, *ST real, *ST Le material, *ST bus, *ST should be 5 shares during the period rose more than 30%. * ST Chengxing since January 28 to close on February 24, a total of 11 trading days stop, the cumulative increase or decrease of up to 70.18%, once in a state of suspension. The company resumed trading on March 4 from the opening of the market, the stock price rose one word. In addition, according to Investment Express statistics, in the amount of earnings, about 55 companies are expected to realize net profit in 2021 will be more than 100 million yuan or is expected to exceed 100 million yuan. Among them, *ST Kangmei, *ST HNA, *ST Energy Conservation, *ST Chengxing, ST Daiyou, *ST Langqi, *ST Guangzhu and other 7 companies to realize net profit will be more than 1 billion yuan or is expected to exceed 1 billion yuan. Which is expected to have the highest net profit is *ST Kangmei. the evening of January 27, *ST Kangmei released the results announcement, is expected to 2021 net profit of 5.625 billion yuan to 8.438 billion yuan, will achieve a turnaround, the same period of the previous year, attributable to the shareholders of the listed company's net profit was a loss of about 27.736 billion yuan. The company said that the main reason for the change in performance is that the implementation of the "reorganization plan" is completed, the realization of the relevant net reorganization gains of about 17.5 billion yuan, resulting in the company's performance year-on-year to achieve a large increase and turn a loss into a profit. UltraCom (603322) became the first ST stock in the Year of the Tiger. Since February 9, 2023, super hearing communication stock is implemented other risk warning, stock abbreviation from "super hearing communication" changed to "ST super hearing", the stock price of the daily up and down limit of 5%. the evening of February 8, new tide energy (600777) Announcement, the company is suspected of irregularities in the guarantee, involving the company may assume the principal amount of debt of about 1.594 billion yuan, about 12.82% of the company's recent audited net assets. If within one month, the company can not solve the problem of illegal guarantee, the stock may be implemented other risk warning. Analysts pointed out that there is no denying that over the years the ST plate are no shortage of demon stocks, cattle stocks, but as the exchange for "special treatment" of the subject, necessarily implies a great risk. Therefore, when investing in ST shares to be targeted, first of all, we should focus on the business situation to improve the certainty of high companies; secondly, we should grasp the rhythm of operation, to avoid the risk of black swan events on individual stocks. Brokerage investment adviser said, if relying on selling family pawns, subsidies and other ways to achieve financial profitability, the company is still facing the plight of unclear main business, which is unlikely to support a sustained rise in share prices. Although the short-term cap stocks will be due to the subject matter by the pursuit of funds, but the long-term stock price will return to the fundamentals.