When will the decline of Qingdao medium range performance stop? Whether the abnormal fluctuation of stock price matches the fundamentals is concerned by the Shenzhen Stock Exchange

China net finance and economics, Oct. 13 (reporter Hu Jinglin) recently, Qingdao medium range disclosed the third quarter report of 2020. During the reporting period, the company realized 544 million yuan of operating revenue, a year-on-year decrease of 20.80%. It is worth noting that since the third quarter of 2018, Qingdao medium range’s revenue has continued to decline, and its operating income at that time was 1.073 billion yuan. However, in the first three quarters of this year, Qingdao medium range’s sales expenses increased by 113.03% compared with the same period last year, while the revenue of Qingdao medium range Co., Ltd. declined. The company said that the sales expenses due to the non fixed sales miscellaneous expenses increased compared with the previous year. At the same time, Qingdao medium range also issued a notice of abnormal stock trading fluctuations, saying that the company’s stock price has increased greatly in recent years, with an increase of 77.28% since September 10, 2020, which is far higher than the increase of 9.86% in the electrical equipment index and 2.38% in the gem composite index. So far, the dynamic P / E ratio of the company is 208.56. This has aroused the concern of the Shenzhen Stock Exchange. It is mentioned in the letter of concern that from September 10 to October 12, the cumulative increase of the company’s share price reached 118.59%, which deviated greatly from the growth enterprise market composite index in the same period. During this period, it reached the abnormal fluctuation standard of stock trading twice. < p > < p > the Shenzhen Stock Exchange asked Qingdao medium distance to make a supplementary explanation on whether the large increase of the company’s stock price in the short term matches with the company’s operating performance and other basic conditions, and give a full risk warning on the abnormal fluctuation of the company’s stock price in combination with the deviation of the company’s stock price increase and P / E ratio from the listed companies in the same industry. In addition, according to the concern letter of Shenzhen Stock Exchange, Qingdao medium distance Engineering Co., Ltd. made a profit of 28.819 million yuan in the first half of this year, of which the bad debts of accounts receivable were transferred back to 85.350.2 million yuan. The third quarter report disclosed on October 12 showed that the first three quarters had a loss of 15.19997 million yuan. The reasons for the above three factors, such as the aging of the accounts receivable, the amount of bad debts received by the other party in the next quarter, the reasons why the receivables have been withdrawn in the next quarter, whether the receivables have been withdrawn continuously in Qingdao, and whether the accounts receivable have been withdrawn continuously in the next quarter, and the reasons why the accounts receivable have not been withdrawn in the next quarter. < / P > < p > it is worth noting that, following the announcement on the progress and risks of the Philippine scenery integration project issued by Qingdao medium range on September 9. Novel coronavirus epidemic prevention and control measures were also issued in Qingdao intermediate range in October 12th. It is mentioned that the access to the PV substation is not affected by the new type of coronavirus epidemic prevention and control measures in Philippines, and the construction of the substation is not completed until September 30, 2020. The grid connected time is uncertain. For wind power projects, the company has recognized revenue 10. The gross profit was 415 million yuan. As of the disclosure date of the announcement, the company has not received the notice of ELPI completing the relocation of wind power projects. There may be a risk that the recognized revenue cannot be fully settled and recovered. < p > < p > the Shenzhen stock exchange requires Qingdao medium distance Engineering Co., Ltd. to explain the future construction plan and expected completion time of photovoltaic project in combination with the impact of epidemic situation and uncompleted parts; to quantify the possible settlement results of wind power project and its impact on the company’s performance in combination with ELPI’s financial status, settlement willingness and contract settlement clauses, and fully reveal the relevant risks. < p > < p > the Shenzhen Stock Exchange also requires the company to explain the trading of the company’s stocks by the controlling shareholders, actual controllers, directors, supervisors and senior executives, and shareholders holding more than 5% of the shares in the latest month, whether there is a plan to reduce shares and the specific contents of the plan in the next six months, whether there are insider trading, market manipulation and illegal trading of the company’s stocks, and report the transaction details and self inspection report. < p > < p > when sorting out the financial data of Qingdao medium range, financial reporters from china.com noticed that the company’s debt repayment pressure was also great. As of the end of the third quarter of 2020, the company’s monetary capital was only 170 million yuan, a decrease of 65.01% compared with the beginning of the year. The company said that it was mainly due to the repayment of the due payment. By the end of the third quarter of 2020, the company’s asset liability ratio has reached 63.73%, short-term loan is 630 million yuan, notes payable is 134 million yuan, and long-term loan is 601 million yuan.