Rare earth concept, performance to a lot of stimulation and Jiaozuo Wanfang continuous limit

Published: May 26, 2020 13:13

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It is understood that Jiaozuo Wanfang rose by the daily limit on May 22 and 25. At the same time, the company's share price rose by the limit again today, and Jiaozuo Wanfang rose nearly 50% in May.

SMM5 June 26: it is understood that Jiaozuo Wanfang rose by the daily limit on May 22nd and 25th. At the same time, the company's share price rose by the limit again today, and Jiaozuo Wanfang rose nearly 50% in May. In addition, the cumulative deviation of the closing price of the company's A-share shares for two consecutive trading days has reached more than 20%. According to the relevant provisions of the Trading rules of the Shenzhen Stock Exchange, the company's stock trading is an abnormal fluctuation.

On May 25, Jiaozuo Wanfang also revealed some things in the announcement of abnormal fluctuations in trading: in order to further meet the needs of future business development, combined with the actual situation of the company's own production and operation, the company has recently consulted relevant shareholders and intermediary agencies for opinions and suggestions, and is demonstrating the feasibility of non-public offering of shares.

According to Jiaozuo Wanfang, the trend of rare earth permanent magnet stocks has been volatile recently, with the company holding an 11.73% stake in China rare Earth Co., Ltd., making it the third largest shareholder in China rare earths. The company verified the production and operation of rare earths in China. The recent operation of China rare earths is normal, and the overall performance is relatively stable; there are no other things in China rare earths that may be related to Jiaozuo Wanfang in the near future, including but not limited to major issues such as M & A restructuring, debt restructuring, business restructuring, asset divestiture and asset injection. In addition, Jiaozuo Wanfang is demonstrating the feasibility of a non-public offering. In view of the fact that the matter is still in the initial demonstration process, there is great uncertainty. In order to ensure fair information disclosure, safeguard the interests of investors and avoid abnormal fluctuations in the company's stock price, the company will fulfill its information disclosure obligations in a timely manner according to the progress of the matter. Investors are respectfully invited to invest rationally and pay attention to investment risks.

Jiaozuo Wanfang's main business is aluminum smelting and processing, aluminum products, metal materials sales. The main products electrolytic aluminum liquid, aluminum ingots and aluminum alloy products are widely used in construction, power, packaging, transportation and consumer goods and other fields.

Jiaozuo Wanfang's quarterly report for 2020 showed that its operating income was 1 billion yuan, down 15.92% from the same period last year, while the net profit belonging to shareholders of listed companies was 84.04 million yuan, up 220.6% from the same period last year. Basic earnings per share is 0.07 yuan.

Due to the recent heavy rare earth prices hovering at the bottom, while the market is looking forward to the rare earth prices, the information is transmitted to the stock market, investors began to chase the stocks of the rare earth permanent magnet plate, which is good for Jiaozuo Wanfang in many ways.

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