Zhejiang Longsheng (600352): Two Directors Reduce 7 Million Shares

Attention!

Zhejiang's Longsheng, whose share price is soaring, has to be reduced.

On the evening of April 11th, Zhejiang Longsheng announcement, the company secretaries and directors proposed to reduce the total amount of not more than 7 million 164 thousand shares.

Zhejiang Longsheng shares fell 8.99% on that day.

Prior to the explosion in Xiangshui, Jiangsu, the ten trading days of Zhejiang Longsheng doubled, becoming a hot bull market.

Two executive reduction

Zhejiang Longsheng April 11th evening announcement said, because of personal capital needs, the company director Ruan Xingxiang, director, deputy general manager and director Yao Jianfang will reduce their holdings in the next 6 months no more than 5 million shares and 2 million 163 thousand and 700 shares.

As of April 11th, Ruan Xingxiang held 34 million 238 thousand and 200 shares of the company, accounting for 1.0524% of the total share capital of the company, and Yao Jian Fang had 8 million 655 thousand and 100 shares, representing 0.2660% of the total share capital of the company.

Share price doubled in 10 trading days.

The explosion of Xiangshui in Jiangsu made Zhejiang Long Sheng become Daniu.

In March 21st, the chemical storage tank of Tian Jiayi exploded.

In April 5th, Yancheng City, Jiangsu decided to completely close the Xiangshui Chemical Industrial Park, and at the same time, according to the provincial chemical industry upgrading plan to support the construction of "no chemical district".

And Longsheng, 500 kilometers away from Zhejiang, has become a beneficiary.

In March 22nd, Zhejiang Longsheng stock price opened on a daily basis, and launched a wave of rapid pull up trend.

Zhejiang Longsheng doubled its stock price in 5 trading days in the following 10 trading days.

Although the recent callback, but since March 21st, the company's stock price is still up 95%.

From the March 25th tiger list, in the three trading days, in addition to the Yintai securities Shanghai Jiashan Road Sales Department, Huaxin securities Hangzhou Fei Yun Road Sales Department, Changjiang Securities Shanghai Century Avenue Sales Department and other well-known hot spot seats to buy, there are two institutional seats have spent more than 130 million yuan to buy.

According to the April 2nd billboard data, Zhejiang Longsheng was sold for 110 million yuan.

The top five buyers are Galaxy Securities Shaoxing, Galaxy Securities Ningbo Daqing South Road, Huaxin securities Shanghai Wan Ping South Road Sales Department and other well-known hot spot seats.

Short term benefits are exaggerated.

Zhejiang's Longsheng has become the target of recent frenzied pursuit of investors.

However, the China Securities Journal reporter learned from many sources that although Zhejiang's Longsheng and run soil shares will benefit from the logic of industry supply contraction after the accident, the degree of corporate performance has been exaggerated by blindly optimistic market sentiment.

Investors need to look calmly, which may be one of the reasons why executives at this time vigorously reduce.

One phenomenon is that compared with the market boom, the actual paction price is "calm" a lot.

Zhang Guoliang, an information dyestuff analyst at zhuochuang, said that the mainstream price of the black ECT300% market in recent years was 42 yuan / kg to 44 yuan / kg, which was only 10% higher than that before the explosion, and the difference between the open market price and the declared public price is about 15 yuan / kg.

As the price of disperse black is pointing to the price of disperse dyes obviously, the recent price change of dispersed black can also serve as a reference for the price trend of other disperse dyes.

Zhang Guoliang said that the current price of scattered black ECT300%60 yuan / kg is only the factory guided price, and the actual traders and sales have a larger price discretion.

Many printing and dyeing industry correspondents told reporters that despite the strong bargaining power of the dyestuff industry, because the overall demand of the downstream garment industry is still weak, it is difficult to fully undertake the increased cost of printing and dyeing. Therefore, the upstream and downstream businesses are still in a dynamic game.

"The actual paction price will certainly not be exaggerated as quoted price. The cost of 60 yuan / kilogram can not be borne by dyed factories and garment factories."

The source said.

After several trading restrictions, Zhejiang Longsheng issued a notice in April 3rd and April 8th night to prompt the risk.

Zhejiang Longsheng announced in the evening of April 8th that the media coverage of the company's product price and performance expectations is exaggerated and untrue.

Announcement, Zhejiang Longsheng pointed out that the company's disperse dyes and two benzene amine products have been adjusted recently, but the average paction price is not consistent with the price in the related reports.

Among them, the average price of disperse dyes on April 1-3 rose 7%, up 11.35% compared with 2018, according to the company's announcement 2018 average price, 2019 that 1-3 months disperse dye price in 4.2-5 million yuan / ton.

Zhang Guoliang pointed out that the overall bargaining power of the disperse dye industry is strong, and most of the printing and dyeing enterprises in the middle and lower reaches are passively accepted.

At present, many printing and dyeing enterprises such as hang min share have announced that they will start raising fees.

"Price increase is a slow process. Dye cost is the key variable of printing and dyeing enterprises cost. Only when dye price rises can be pferred to the downstream, can printing and dyeing enterprises accept the price increase of dye enterprises.

Therefore, the actual paction price rise is a slow process, and there will be no short-term price inflation. "

Zhang Guoliang said.

However, Zhang Guoliang also pointed out that there are many dye intermediates manufacturers in the Xiangshui Chemical Industrial Park, which has a great impact on the industry.

"The biggest uncertainty now is how Xiangshui park's related businesses will be shut down, when to move and when to resume production."

Zhang Guoliang pointed out that at present, no relocation plan has been introduced in Xiangshui Park, so it is impossible to determine when the relevant capacity will return.

The impact of shutting down on the dye industry is still difficult to determine clearly, but also wait for the Xiangshui Chemical Park permanently closed, as well as a series of news Jiangsu Chemical Industry Park landing.

"At this stage, the state of supply and contraction of disperse dyes is expected to continue, and the price of products will be at a high level."

Zhang Guoliang said.

Frequent reduction of bull stock ratio

In addition to Zhejiang Longsheng, "demon stock" reduction has become the recent A share routines.

In the evening of April 10th and the doubling of the share price since February, Chengmai technology also disclosed two liquidation and reduction plans, with a total reduction of no more than 16.97% shares.

Among them, the total shareholding of 15.76% shareholders Scentshill Capital I and Scentshill Capital II is expected to be cleared within 6 months; at the same time, Nanjing holding 4.84% of the morning watch, the proposed reduction will not exceed 1.21% of the total share capital of the company, a total of 968 thousand and 600 shares.

The announcement of reduction also made many Daniu stocks abrupt.

In the evening of April 9th, flush announcements, directors Ye Qiongjiu, Yu Haomiao, Wang Jin and shareholders Shishi Cci Capital Ltd, planned to reduce their shares by no more than 7.76% within six months.

Estimated at the closing price of the day, the maximum amount of reduction will reach 5 billion 300 million yuan.

The price of flush shares has risen to 191% this year.

After the disclosure of the reduction plan, the stock price fell the following day, and the stock price fell 13.4% in the past two days.

Dongfang communications, Shun Hao shares, long Jin pharmaceuticals and demeanor shares have surged after the stock price has surged this year.

Many investors sigh: since the choice of cattle stocks, they can not escape the fate of big shareholders and executives "cut leek".