A shares tumble artificial meat plate against the trend soaring step pharmaceutical, Kangmei pharmaceutical industry fell limit

Published: May 6, 2019 09:52

SMM News: 9:43

The gold plate went up against the trend, Yuancheng gold rose 7%, western gold, Shandong gold, Rong Hua industry rose one after another.

9:25

Plate aspect, artificial meat plate opened against the trend rose sharply, double tower food, Hagaoke double seal board, Beijing grain holding, sea seed industry, north wasteland collective high open. Honghui fruits and vegetables rose by the limit.

On the news, artificial meat startup Beyond Meat, which went public in the United States on Thursday, posted a strong rise of 163 per cent on its first day, sparking a high level of attention to the concept of artificial meat in the market. Guosheng Securities pointed out that the "artificial meat" industry chain is similar to bean products. According to the Beyond Meat prospectus, the main raw materials for its production are soybeans, pea protein and other plant raw materials, which are made by mixing, heating, pressing and condensing. From a domestic point of view, the main raw material of "artificial meat" is soybean meal, so the upper reaches of the industrial chain are soybean primary processing enterprises (usually purchasing soybean meal from oil mills) or as raw material traders, and the middle reaches are deep processing of soybean products (soybean protein production). Downstream applications are sold to food processing companies as accessories on the one hand and to vegetarian meat producers to make "artificial meat" on the other.

In terms of stocks, step size pharmaceutical fell by the limit, sealing a single order of more than 60,000 hands.

Kangmei Pharmaceutical fell by the limit for the second day in a row. On the news side, Kangmei issued a notice on the correction of accounting errors in the early morning of the 30th. According to the announcement, a total of 22 major items have been corrected in the 2017 annual report of Kangmei Pharmaceutical Co., Ltd. Including monetary funds, inventory, operating income, operating costs and other eight financial indicators in excess of 3 billion yuan. In particular, there are 29.9 billion more monetary funds, which proves that there were major problems in the capital chain in the past.

On the evening of May 5, the Shanghai Stock Exchange issued an inquiry letter to Kangmei Pharmaceutical Co., Ltd., asking the company to verify and supplement the disclosure of the deposit method of multi-currency funds, major accounts, restrictions, whether there are illegal use of funds and the main whereabouts of the funds. The Shanghai Stock Exchange requested that Kangmei disclose its inquiry letter on May 6, 2019 and its response to the inquiry letter by May 14, 2019.

Guizhou Maotai fell nearly 5%.

In the process of updating.

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