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According to public information compiled by researchers from Xinhua Finance and Bread Finance, in July 2024, the restricted shares of 329 A-share companies will be lifted, with a total of about 20.182 billion shares and a lifting scale of 295.355 billion yuan, an increase of about 17.81% month-on-month and a year-on-year decrease of about 18.3%.
From the perspective of industry distribution, the market value of power equipment, medicine and biology, and machinery and equipment industries ranks among the top three. Among them, Daqo Energy has the largest scale of lifting the ban, with a market value of more than 30 billion yuan.
In addition, a total of 35 companies and 1.628 billion restricted shares were lifted in July to celebrate the anniversary of listing, with a market value of 42.79 billion yuan, including Jinbo Biotech, Wemyss, Saiwei Times and other companies.
More than 290 billion yuan of restricted shares were lifted in July, and Daqo Energy and Sunshine Guojian were among the top in terms of lifting the ban
According to the data as of June 27, 2024, 329 stocks faced lifting in July, with a total of 20.182 billion shares, and a total market value of 295.355 billion yuan based on the closing price on June 26, 2024, an increase of about 17.81% month-on-month and a year-on-year decrease of about 18.3%.
Figure 1: The scale of restricted shares released from July 2023 to July 2024
Specifically, Daqo Energy, Sunshine Guojian, and BAHEAL Pharmaceutical ranked among the top three in terms of the scale of lifting the ban, with a market value of more than 10 billion yuan.
Daqo Energy's lifting of the ban has the largest market capitalization. On July 22, the company will release 1.625 billion restricted shares of the original shareholders for the first time, with a market value of about 34.109 billion yuan, accounting for 75.76% of the total share capital. On June 25, the company announced that Mr. Xu Guangfu, the actual controller and chairman of the company, voluntarily promised not to reduce his directly held shares of the company in any way within 6 months from July 23, 2024.
Figure 2: Top 50 stocks by market capitalization in July 2024
On July 22, Sunshine Guojian will welcome the lifting of the ban on 524 million restricted shares of the original shareholders for the first time, involving shareholders including Fujian Pharmaceutical Co., Ltd., Shanghai Xingsheng Pharmaceutical Co., Ltd., Shenyang Sansheng Pharmaceutical Co., Ltd., etc. The market value of this round of restricted shares is about 11.194 billion yuan, accounting for about 84.96% of the total share capital.
The third largest company by market capitalization was lifted in July. A total of 407 million shares were lifted in this round, accounting for 77.38% of the total share capital, with a market value of about 10.038 billion yuan.
In addition, 12 companies such as Tax Friends and LEEDARSON had a relatively high proportion of lifting restrictions in July, and the proportion of shares to be lifted accounted for more than 70% of the total share capital.
The power equipment, pharmaceutical and biological, and mechanical equipment industries are among the top in terms of market value
From the perspective of the market value of various industries, the power equipment, medicine and biology, and machinery and equipment sectors rank among the top three. In terms of power equipment, the main reason is that Daqo Energy has lifted the ban on a large scale. In terms of the pharmaceutical and biological sector, Sunshine Guojian, BAHEAL Pharmaceutical, and Weigao Orthopedics have a large market value.
Figure 3: Top 10 sectors by market capitalization in July 2024
In July, a total of 35 companies celebrated the anniversary of their listing, with a total of about 1.628 billion shares and a market value of about 42.79 billion yuan.
Figure 4: List of shares released on the July 2024 listing anniversary
Among them, Jinbo Biotech ranked first, with a market value of about 8.631 billion yuan. The scale of the annual lifting of the ban on the listing of Wemax and Saiwei Times followed closely behind, with 4.387 billion yuan and 3.724 billion yuan respectively.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
(Article serial number: 1806143657267564544/GJ.)
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