“Seven consecutive rises” Jujie microfiber receives the attention letter: does the stock price soar match the fundamentals?

The Shenzhen Stock Exchange issued a letter of concern to Jiangsu Jujie microfiber Technology Group Co., Ltd. (hereinafter referred to as “Jujie microfiber”) on the 20th, asking whether the company’s share price increase matches the fundamentals. < p > < p > wind data shows that Jujie microfiber stock price has risen for seven consecutive trading days since October 9, 2020, with a cumulative increase of 97.77% as of October 19, which deviates greatly from the gem index of the same period, and has reached the abnormal fluctuation standard of stock trading twice during the period. However, Jujie microfiber closed down slightly on October 20, closing at 49.62 yuan. < p > < p > Shenzhen Stock Exchange pointed out that in the first half of 2020, Jujie micro fiber realized a business income of 198.0657 million yuan, a year-on-year decrease of 24%, and the net profit attributable to shareholders of listed companies (hereinafter referred to as “net profit”) was 8.6366 million yuan, a year-on-year decrease of 69.84%. In recent three years, the company’s main business is overseas market, the proportion of overseas sales revenue in total revenue is 74.41%, 75.48% and 66.95% respectively, and the export destination is mainly Europe. According to the semi annual report 2020, in the first half of 2020, due to the serious epidemic situation in Europe, the sales of the company’s products in Europe were greatly affected. According to the requirements of Shenzhen Stock Exchange, please explain the reasons for the decline of revenue and net profit in the first half of the year, whether there are significant adverse changes in the production and operation environment and fundamentals, and whether the relevant factors are likely to continue to exist in combination with the industry trend, the impact of the epidemic situation, market demand, changes in the gross profit rate of main products, and expenses during the period, etc. The Shenzhen Stock Exchange also pointed out that as of October 19, Jujie microfiber had a P / E ratio of 84.35 times and a rolling P / E ratio of 126.88 times. Please explain whether the company’s share price rise matches the fundamentals, and further prompt investors of the risk of abnormal stock price fluctuation based on the deviation of the company’s stock price increase, P / E ratio and industry related index. < p > < p > the Shenzhen stock exchange requires that, in combination with the contents of public media reports and investor consultation, the reasons for the large increase of the company’s share price in the short term, and whether there are unpublished major information, market rumors, hot concepts, etc., which have a great impact on the company’s stock trading, if so, please timely disclose or give targeted clarification. < p > < p > the Shenzhen stock exchange requires that the controlling shareholders, actual controllers, shareholders holding more than 5% shares, directors, supervisors, senior managers and their immediate family members buy and sell your company’s stocks in the past month, whether there is insider trading and market manipulation, and whether there is a reduction plan in the next six months. If so, please disclose it. < p > < p > earlier, on the evening of October 19, Jujie microfiber announced that according to the recent social media reports about the return of Indian textile industry orders to China due to the epidemic situation, the company did not find any increase in the number of orders due to this issue after the company’s multi-party verification. < / P > < p > in view of the abnormal fluctuation of the company’s stock trading, Jujie micro fiber said that the information disclosed by the company in the early stage did not need to be corrected or supplemented; the company did not find any unpublished major information reported by the public media that may or has had a significant impact on the company’s stock trading price; after verification, the company, the controlling shareholder and the actual controller have no response to the company Major events disclosed but not disclosed, or major events in the planning stage. < / P > < p > it is worth mentioning that Jujie micro fiber released the performance forecast for the first three quarters of 2020 on October 20, which shows that it is expected to realize the net profit attributable to shareholders of listed companies by 13 million yuan – 16 million yuan in the first three quarters of 2020, which is 70.79% – 64.05% lower than that of the same period of last year. Poly Jie microfin novel coronavirus believes that the net profit of the company decreased substantially from the beginning of last year to the end of the reporting period, mainly due to the impact of the new coronavirus outbreak abroad. The company’s demand for products was restrained and the export orders fell. According to its official website, Jiangsu Jujie microfiber Technology Group Co., Ltd. was established in 2000, specializing in the production of microfiber suede and double-sided fabrics, dust-free wipes, towels, bath towels, bathrobes and household products. < / P > < p > Disclaimer: the purpose of this article reprinted by china.com finance and economics is to convey more information and does not represent the views and positions of the website. The content of this paper is for reference only and does not constitute investment advice. 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