Even pull two 20CM limit!Regulatory concerns are here
On February 9, the concept of digital currency continued to soar, the plate rose more than 8%, Xiongdi technology on the investor interactive platform to talk about digital RMB, but also for two consecutive days 20CM trading limit.After the market closed, the letter of regulatory concern came.Shenzhen stock exchange requires companies that carry out the specific content of digital currency related business and profit model, the main customers and in the past two years and a period to produce revenue and profit, and combined with digital currency business r&d, development situation, the core technology and application scenarios, in order, etc., that judgment “in the future by aggregating pay business, form a digital currency entrance opportunity,For the future digital currency to further advance the reserve market opportunities “basis.As early as January 14, the company in the interactive easy release of digital currency, electronic ID card, digital twin, blockchain, digital economy and other current hot information, and the next trading day also harvested a 20CM trading limit.Following this, the controlling shareholder and the actual controller of the company will sell the reduction plan. They plan to sell 2% of the total share capital of the company through the secondary market starting from February 14, and are expected to realize 107 million yuan according to the latest price.The Shenzhen Stock Exchange asked companies to check “whether they actively cater to market hot spots, hyped the company’s share price, and cooperated with shareholders to reduce their holdings”.Xiongdi technology: some cities have been online use shenzhen Stock Exchange: how much revenue and profit?Due to the connection with digital currency, xiongdi Technology rose by 55.43% in three days from February 7 to February 9, 2022. In the past two days, xiongdi technology increased by 20CM daily limit in a row, with a cumulative increase of 146.75% in the past 60 days and a cumulative increase of 121.30% since the beginning of the year.Xiongdi technology said on the interactive platform that “the company has been actively studying digital currency technology and participating in the pilot work of digital RMB. At present, our technical reserves and pilot applications have been completed, and our terminal products can support the use of digital RMB in bus, subway and other application scenarios.”In addition, the company also said that “in the aspect of digital cash, the company has invested r&d through usage scenarios in the field of digital yuan paid by bus, for suzhou wujiang city online use, in the future by aggregating pay business, form digital currency entrance opportunities, market opportunities in the future to further advance of digital currency reserves”.The main business of Xiongdi technology is mainly divided into two directions: intelligent government affairs and intelligent public transportation.To this end, the Shenzhen Stock Exchange issued a concern letter after the close of trading on The 9th, requiring the company to explain the relationship between the digital currency business and the company’s current main business, the specific content of the business related to digital currency, the profit model, the main customers and the income and profit generated in the second period of the last two years, and give full warning of risks.At the same time, shenzhen Stock Exchange requires the company to explain the basis for judging that “the company will form the import business opportunities of digital currency by aggregating payment businesses in the future, and further promote the reserve market opportunities of digital currency in the future”, combining with the research and development of digital currency business, core technology reserve and application scenarios, and in-hand orders.In addition, the shenzhen stock exchange company combined with the above problems, please reply to comprehensively examine whether the disclosure of information, interactions, other investor relations management activities, media propaganda and objective, authentic, accurate and complete introduction to reflect the company’s actual business situation, whether to disclose the related business impact on the company’s performance, whether fully prompt related business risks.As early as January 14, the company replied 7 questions on the Interactive exchange platform of the Shenzhen Stock Exchange. In addition to digital RMB, it also involves electronic ID card, digital twin, block chain, digital economy, etc., which are the most popular concepts in the two markets recently.In terms of digital RMB, the company said that it will invest in research and development to open up the application scenarios of digital RMB in the field of bus payment, and take the lead in the online use of Wujiang in Suzhou in April 2021.Regarding blockchain, the company said that it has many years of technical accumulation in the field of electronic election and e-government in the field of blockchain, and established a joint laboratory with the Blockchain Research Center of Peking University to jointly conduct research on blockchain technology and digital identity.The company has developed intelligent code identity authentication technology combined with block chain and has a number of patents. It has good application cases in digital city services and public security fields in Shenzhen, Shanghai, Xinjiang and other cities.About the digital economy, the company said is committed to be “trusted digital identity and artificial intelligence application industry leading enterprise”, the company fully use trusted identity technology, artificial intelligence technology, digital security technology, chain blocks, such as technology, for the government, institutions, enterprises provide online and offline integration scenario application identification and intelligent management of the overall solution,It serves the public security, foreign affairs, banking, social security, public transportation, subway and other fields, as well as overseas security documents, election activities, public transportation, smart government affairs and other scenarios.These questions answered after the next trading day (January 17), the company’s share price significantly higher open higher go, the closing eventually recorded a 20 cm trading limit.At this point, the company’s controlling shareholder, the actual controller Gao Jing throws down the plan.Gaojing holds 51.22 million shares of the company (accounting for 37.57% of the total share capital of the company) and plans to reduce its holdings of 2.716 million shares, accounting for 2% of the total share capital of the company, by means of centralized bidding within 6 months after 15 trading days from the announcement date.Based on the closing price on February 9, it is expected to cash in about 107 million yuan.It is worth noting that the reduction announcement date is January 17, “within 6 months after 15 trading days from the announcement date”, that is to say, February 18 (next Monday) will officially open the reduction window.The Shenzhen Stock Exchange also paid attention to the matter and required the company to explain whether it actively catered to market hot spots, hyped the company’s share price and cooperated with shareholders to reduce their holdings.In 2020, the deduction of non-net profit loss of 26 million in 2021 is expected to be only 500,000 to 4.65 million and xiongdi technology soaring stock price is extremely disproportionate to the company’s performance.On January 28, the company released the 2021 annual performance forecast, its net profit attributable to shareholders of listed companies is 8.35 million to 12.5 million yuan.During the reporting period, the company estimated that the impact of non-recurring profit and loss on the company’s net profit was about 7.85 million yuan, mainly from government subsidies.After deducting non-recurring gains and losses, its net profit was only 500,000 yuan to 4.65 million yuan.Shenzhen stock exchange company based on market macroeconomic situation, the industry situation, the listed company’s share price in the same industry, and the several problems of reply, analysis on whether or not the company fundamentals has greatly changed, the recent share price increase with the company’s fundamentals matches, are consistent with the same industry listed companies variations, and combined with the valuation of listed companies, the industry p/e ratio and stock price movements,Provide adequate information on the risk of stock price fluctuations.It is worth mentioning that Xiongdi technology recorded its first loss since listing in 2020, with a loss of 153.08 million yuan and a loss of 26.32 million yuan.The company attributed the loss to the COVID-19 outbreak, “The company’s business situation has been greatly impacted. Due to the pressure of epidemic prevention and control, the project delay and implementation of domestic public service intelligent business such as public security entry and exit and public transportation are greatly affected.At the same time, overseas business is hindered by traffic and personnel flow, and business development and project implementation are also facing great difficulties “.