On 9 april, one of the annual “backlash kings” issued a bulletin (30033) on the results of the implementation of the partial shareholding of more than 5 per cent, the directors' share reduction plan and the next reduction plan and risk alert。
Among them, the most interesting is the next reduction plan for the same coin, by the top shareholders, the director and others。
According to the bulletin, ms. Yeh jong-hil, the head of the board of directors, holding 64,018,000 shares (11. 91 per cent of the company's gross equity), holding 53,965,172 shares of the same business (10. 04 per cent of the company's total equity), the censor investment consulting limited of the sigma city, holding 27,609,690 shares of the same business (5. 14 per cent of the company's total equity), and the director of the board of directors, mr. Yu ho-hwan, holding 24,256,000 shares of the same business (4. 51 per cent of the company's gross equity), intended to reduce their shares by no more than 41,703,966 (7. 76 per cent of the company's total equity) within six months of the date of the announcement of 15 transactions。
Based on the 9 april estimate of the equivalent collection price of $127. 8/share, the maximum amount for which the shareholders were involved would be $5. 33 billion, or 15. 82 per cent of the current market value of $33. 7 billion。
4 major shareholders collectively reduced
In fact, this was a delayed reduction plan。
As early as 10 september 2018, the same company disclosed the bulletin on the results of the implementation of the partial holding of more than 5 per cent of shareholders, directors'shareholdings and the plan for the next reduction. The four shareholders referred to above intended to reduce the shares of their company by a total of 42,780,790 shares (7. 96 per cent of the company's total equity) within six months of the date of the announcement of 15 transactions。
As at 9 april 2019, the duration of the scheme for the reduction of shares mentioned above had expired. However, during the period from 9 october 2018 to 9 april 2019, none of yejun, hu hoo-jin and wang-jin decreased their shares in the company, while only kassio investment consulting ltd combined a total of 1,274,300 shares in this reduction scheme, representing 0. 24 per cent of the total equity share of the same flower. This means that the original plan did not exceed 7. 96 per cent of the total equity share of the same currency, and ultimately only the 0. 24 per cent share。
According to the same circular, the maximum value of the new set-down scheme for the four shareholders mentioned above would not exceed 7. 76 per cent of the total equity of the same set-off, essentially the margin of the “want-to-mind” margin of the previous set。
The difference is that under the time difference, the same favourable share price has already changed dramatically. During october 2018, the same flower had a minimum equity price of $28. 33 per unit in its initial phase, after which it began to pick up slowly and rise to $38 by the end of 2018。
In 2019, the stock price was fully open and more than doubled. The cash pool will naturally increase significantly for those shareholders who were originally scheduled to hold less。
In the bulletin, the same flower details the current holdings of the four shareholders and the planned reduction, as follows:
The stock price went up by 236% during the year
As one of the hottest shares of the year, the same good stock prices were flying in the short term。
In particular, after the spring festival of pigs, the same flower stock price began to surge, increasing gradually during the year, reaching 236. 32 per cent during the year ending 9 april. In terms of its performance, however, performance was modest, with a profit of $634 million, or a decline of 12. 64 per cent over the previous year, for the second consecutive year。
A number of marketers have pointed out that the rise in the share price of the same flower this year has been largely due to one of the most popular concepts in the last round of cattle markets, which is now resonating. Today, however, the market as a whole is under pressure to break upwards, and shareholders are throwing out large cost-cutting schemes at this time, or will be under greater pressure to match the price of their shares。
Private sources have pointed out that the reduction scheme could bring about a cooling of the same stock prices, and that, in addition, the entire mutual gold plate might be affected。
Journalists noted that, with the exception of the same flower, many of the concept units had increased twice or more in the year. Of these, stock prices increased during the year by 303. 77 per cent, 202 per cent and 300. 58 per cent, respectively, for top-point software (603383. Sh), gold certificates (600446. Sh) and coblical software (300663. Sz). The following is a partial increase in equity prices during the year:
Six risk tips
The six risk factors that companies currently face are also mentioned in the same bulletin。
The bulletin states that, in the recent past, there has been a significant cumulative increase in the company's share price and a risk of reversal. In particular, they alert investors to investment risks and to prudent and rational investment。
The company solemnly reminds investors of the risk factors listed in the company's periodic reports:
(1) risks of reduced demand in industry
Companies specialize in internet-based financial information services, and market demand is closely linked to the performance of the securities market. Macroeconomic factors such as the slowdown in domestic economic growth and the uncertainty surrounding international economic development could lead to a recession in the stock market. In the event of a medium- and long-term downturn in the securities market, weak market delivery and a decline in investor demand for internet-based financial information services, this could lead to a decline in corporate product sales revenues, which could lead to a decline in corporate performance as a whole。
(2) the risks of increasing competition in industry
Despite current developments in the ifis, the industry is still in its early stages in the long run. Currently, the concentration of market shares in industries is low, internal competition is intense and tends to be complex and severe. A competitive market environment may entail risks of falling prices for products, higher service quality requirements, and difficulty in maintaining market shares。
(3) licensing risk of information on securities transactions
Currently, we have a licensing system for securities information operations. Although the securities information currently used in the company's business has been authorized by the icsu network ltd., shenzhen securities information ltd., hong kong exchange information co., etc., the company's failure to submit a timely application for an extension or re-licensing as agreed, or the change in the limited licensing policy of the above-mentioned institutions for proprietary information on securities transactions, such as increasing or reducing the variety of licences for proprietary information, increasing or reducing the number of authorized financial information service providers and changing the qualification requirements of information service providers, may affect the operation of the company's existing products。
(4) internet systems and data security risks
The financial information services available to companies must be available on the internet and therefore the security of relevant computer systems and data must be ensured. However, equipment failures, software loopholes, cyberattacks and natural disasters are objective. Once these risks occur, customers will not be able to benefit from the company's value-added services in a timely manner, and in serious cases may cause disruption of the company's business, thereby affecting the reputation and performance of the company and even triggering legal proceedings。
(5) intellectual property risk
The company's main business is to gather, process and integrate basic financial information in conjunction with information technology and financial theory, and to provide financial information services to various participants in the capital market through internet technology. The absence of adequate protection of intellectual property rights arising in the course of product design, development and operation may give rise to major intellectual property disputes that adversely affect corporate operations。
(6) compliance risk of policy regulations
In recent years, as a result of the rapid growth of the internet financial information service sector, the relevant regulatory bodies have issued a series of policy documents to regulate industry development through measures such as improving the market access system, strengthening legal and regulatory frameworks, and improving regulatory and information security mechanisms. This may lead to some uncertainty in the short term in innovation development operations within the industry。
2. Gains of $1. 18 per share in 2018 were 12. 59 per cent lower than in the previous year, and future performance is likely to continue to be subject to downside risk. On the basis of the company's earnings per share in 2018 and the company's stock take-off rate of 09/04/09/1919, the company's stock currently has a static market gain of 108. 38, a rolling market gain of 108. 38, a static market gain-weighted average of 54. 07 for software and information technology services (industry no. I65) and a rolling market gain-weighted average of 50. 29 (the above industry data are derived from ifind financial data terminals, middle evidence index ltd.)。
3. The company selected the information disclosure media for the securities times and the csrc designated the information disclosure website treble information network (www. Cninfo. Com. Cn), all of which were based on the announcements published in the above-mentioned media。
There is no violation of fair disclosure of information by companies。
Companies will continue to comply strictly with the provisions and requirements of the relevant laws and regulations and to comply with their information disclosure obligations in a timely manner。
Broad investors are invited to invest rationally and be risk-sensitive。
