Source: CCTV Finance
The Shanghai Stock Exchange announced on the 27th that Chen Yubi, deputy general manager of NORD Shares, was given a regulatory warning. Previously, Chen Yubi's "cutting belly" recommendation stocks caused social concern.
Executives "cut their stomachs and recommend stocks" The Shanghai Stock Exchange issued a regulatory warning
The Shanghai Stock Exchange said that after investigation, on October 26, 2021, there were media reports that Chen Yubi, then deputy general manager of NORD Shares, released a circle of friends saying "Please support NORD, the market value next year is not 50 billion, I apologize for my guilt", and distributed his personal speech poster at an industrial chain summit.
The SSE pointed out that the company's future operation and market value forecast information is a major matter of great concern to the market and investors, and may have a greater impact on the company's stock trading and investor decision-making. In particular, when the new energy battery sector is highly concerned by the market, the company's senior management should strictly abide by the information release specifications, disclose material information in the media that meets the regulations of the China Securities Regulatory Commission, and ensure the accuracy, completeness and fairness of the information disclosure.
According to the Shanghai Stock Exchange, Chen Yubi, then deputy general manager of NORD Shares, released important information related to the company's market value forecast through non-statutory channels, which may have a greater impact on the company's stock trading and investor decision-making, and the relevant information did not make risk warnings. The above conduct violates Article 2.2 and other relevant provisions of the Rules Governing the Listing of Shares on the Shanghai Stock Exchange and the commitments made by it in the Declaration and Undertaking of Directors (Supervisors and Senior Management).
The company's stock price has risen nearly 4 times this year
Afterwards, an announcement was issued to urgently "extinguish the fire"
On October 27, NORD issued a clarification announcement on this matter, stating that chen Yubi, deputy general manager of the circle of friends, made an operation error when setting up a small number of friends in the WeChat circle of friends to be visible, and it was immediately deleted in a short period of time. At the same time, NORD shares said that the outlook involving the company's future market value in the screenshot is based on the personal outlook for the securities market of the new sector, does not represent the company's position, and the rumors involve that the target is affected by various factors and has the risk of not being achieved, and there is a major uncertainty, and the majority of investors are reminded of investment risks.
On October 27, nord shares continued to rise, as of the close of 25.10 yuan / share, up 6.54%, the total market value of 35.1 billion yuan. On October 28, NORD shares accelerated their intraday decline, as of the closing price of 24.16 yuan / share, with a total market value of 33.76 billion yuan, 16.24 billion yuan away from the 50 billion market value shouted by executives.
Since the beginning of this year, as the new energy industry continues to heat up, the price of copper foil has been raised, and the stock price of NORD shares, which is mainly engaged in the production and sales of electrolytic copper foil, the basic material of lithium-ion batteries, has also soared, and has climbed from the lowest price of 6.64 yuan / share in April this year to the current 24.16 yuan / share, and the stock price has risen nearly 4 times.
According to the semi-annual report, in the first half of 2021, NORD achieved operating income of 2.008 billion yuan, an increase of 153.42% year-on-year; net profit attributable to shareholders of listed companies was 201 million yuan, an increase of 1238.75% year-on-year.
Executive stock recommendations are not unique
Investors should judge the market rationally
Although Chen Yubi deleted this circle of friends message in a short period of time, the news still made the stock bar of NORD shares "explode" in an instant. Some investors said bluntly, "High shipment, Nord vice president back the pot to tempt leeks, really will play"; there are also investors directly shouting, "executives are so crazy to shout, is the market short-term end"...
Yu Shaobo, chairman of Hongyang Investment Management (Shenzhen) Co., Ltd., revealed that Chen Yubi's behavior is not unique, and in recent years, some executives of listed companies have recommended stocks through various channels. Yu Shaobo suggested that investors should have their own judgment and not blindly follow the investment advice of executives or investment research institutions to avoid being affected by the interests behind them and taking unnecessary risks.
He Junmin, chairman of Zhongjin silver sea investment fund management co., LTD., pointed out that every word and deed of senior executives will have an impact on the company's stock price, and information disclosure should follow a unified official channel. Regarding the behavior of Chen Yubi, deputy general manager of NORD Shares, He Junmin pointed out that listed companies and regulators should be vigilant about whether there are interests involved.
In response to such letter violations, He Junmin believes that the company should strengthen the training of senior executives, and the regulatory authorities should punish them accordingly. "In addition to warnings, there must be corresponding penalties. For example, the market is prohibited or it is recommended that it is not suitable for executives. ”
For nord prospects, He Junmin suggested, "Relative to the company's fundamentals, the current market value of NORD shares is a more reasonable embodiment, but I think it is still overvalued." Because it is a cyclical enterprise, not a high-tech enterprise. For its future, investors should still be vigilant and cautious. ”
Xing Xing, director of beijing Pershing Securities Research Institute, believes that the rise in nord share price is related to the current market environment. "The company's core industry, electrolytic copper foil, the basic material of lithium-ion batteries, as the preferred material for lithium battery anode fluid collection, has become a potential variety after the outbreak of the lithium battery market." The tight supply and demand relationship of lithium battery copper foil has led to the company's product volume and price rise, and the company's performance elasticity has been released rapidly. At the same time, considering the long commissioning and climbing time of copper foil production capacity, the market expects that the short-term new production capacity will be limited, and the overall supply and demand tension will continue, and even the possibility of subsequent processing fees continuing to rise is not ruled out, which has also received widespread attention from the capital market. ”
Wei Haihong, director and founder of Shenzhen Times Ark Asset Management Co., Ltd., called for the information disclosure of listed companies to be standardized, transparent and complete, and the behavior of arbitrarily releasing information like Chen Yubi may cause great harm to investors and the market, and should be resolutely eliminated. At the same time, for NORD shares, Wei Haihong believes that NORD shares are in the golden track of new energy vehicles, with good performance in lithium battery-related accessories, and good growth and investment returns in the medium and long term.