2 announcements of abnormal stock price fluctuations within a month, with multiple popular concepts such as "new energy vehicles and silicones", Jitai shares "worth" doubled.
On June 22, Jitai shares hit the daily limit again, and the stock price has climbed to 14.15 yuan per share, with a market value of 8.905 billion yuan.This is the 9th daily limit that Jitai shares has harvested since June 10, and the stock price has risen by 136.23%.
Previously, because the deviation of the closing price increase for three consecutive trading days on June 15, June 16, and June 17 reached 27.99%, Jitai Co., Ltd. issued an announcement on abnormal stock price fluctuations.According to a reporter from the Central Broadcasting Network, this is the second time that Jitai Co., Ltd. has issued an announcement on abnormal stock price fluctuations within this month.
Multiple popular concepts rose by more than 136% in 9 trading days
Silicones, new energy vehicles, photovoltaics... are all the hottest conceptual themes at the moment.Sinolink Securities pointed out that emerging markets such as new energy vehicles and photovoltaics have unlimited potential, which will drive the rapid growth of organic silicon demand in the corresponding fields.Electronic appliances and new power energy are the second and third demands of the silicone terminal consumer market, respectively. The corresponding new economic fields include 5G base stations, chip semiconductors, UHV, new energy vehicles, and photovoltaics, and many other segments with great growth potential. market.Among them, new energy vehicles and photovoltaics have the highest growth certainty.
The market generally believes that Jitai's performance in this round stems from its series of good news about the new energy track.
On June 10, Jitai Co., Ltd. said in an investigation by the agency that on May 22, the company released a new product "Jitai-Silicone Foam F6351", which is a porous, low-density, compressible polymer elastomer. product.The product is self-extinguishing after leaving the fire, and can reach V0 level flame retardant, effectively meeting the thermal insulation and fire protection requirements of power batteries.Thanks to its superior comprehensive properties, this product can be used to seal and protect various outdoor communication, electronic and lighting equipment cabinets, shock absorption, cushioning, sound insulation, protection, insulation, thermal insulation, waterproofing and fire protection in power batteries.
On June 15, Jitai Co., Ltd. also introduced the cooperation with BYD in detail during the investigation.In 2020, the company entered BYD's supply system through the supply of intermediate customers. The products currently supplied include thermal conductive gel for chip heat dissipation, low-viscosity flame-retardant potting glue for motors, and electronically controlled thermal conductive adhesive.At present, the revenue generated by the company's supply to BYD accounts for a small proportion of the total revenue of electronic glue, and it does not have a significant impact on the company's performance.
In addition to organic silicon and new energy vehicles, Jitai shares also took advantage of the concept of photovoltaics.The company mentioned in the survey that the company's products such as Antai-PV module sealant 179, Aetna-PV module sealant 179W and other products can be used in the waterproof sealing of solar module frames and photovoltaic glass, and Antai-module potting glue 162 can be used in Solar module junction box potting.
Due to multiple concepts, Jitai shares set off a skyrocketing market.
From June 10th to June 22nd, Jitai Co., Ltd. started the continuous daily limit mode, with 9 daily daily limits in 9 trading days.According to data from Oriental Fortune Choice, since June 10, Jitai shares have increased by 136.23%.Since June 15, the company has issued 2 announcements of abnormal fluctuations in stock trading.
Public information shows that Jitai Co., Ltd. was established in August 2006. It is a national high-tech enterprise mainly engaged in the research and development, production and sales of environmentally friendly sealants and coatings. Its main products include construction sealants, home improvement adhesives, electronic adhesives, Automotive marine glue, solar photovoltaic glue, etc.In October 2017, the company was successfully listed on the Shenzhen Stock Exchange.
Eight Lianban received a letter of regulatory concern, and the proportion of revenue from electronic glue business was low
The rise in the share price of Jitai shares in this round also attracted the attention of the Shenzhen Stock Exchange.On June 21, the Shenzhen Stock Exchange issued a letter of concern to Jitai.
The Shenzhen Stock Exchange pointed out that since June 10, 2022, the closing price of Jitai shares has risen by the limit for 8 consecutive trading days, and the stock price has increased by 114.7%.As of the market close on June 21, 2022, the total market value of Jitai shares was 4.794 billion yuan, and the price-earnings ratio was 100 times.On June 13 and June 15, 2022, Jitai Co., Ltd. disclosed investor relations activities, saying that "on May 22, the company released a new product, Jitai-silicone foam", "the company will supply products through intermediary customers in 2020. The goods enter BYD's supply system."The Shenzhen Stock Exchange expressed concern about the above matters and asked Jitai to explain the following three matters.
First, according to the "2021 Annual Report", the sales revenue of Jitai's electronic adhesive business is 120 million yuan, and the application fields include LED lighting, power electronics, new energy vehicles, photovoltaic modules, etc.The Shenzhen Stock Exchange requires Jitai to list the gross profit margin, orders in hand, market demand and stability, the company's production capacity and downstream customers, sales amount and proportion in 2021, The amount and proportion of indirect sales to BYD in 2021, etc., analyze and explain whether the fundamentals of related businesses have changed significantly, and provide adequate risk warnings for short-term large fluctuations in stock prices.
Second, the Shenzhen Stock Exchange paid attention to the "Announcement on Signing a Project Investment Cooperation Agreement with the Management Committee of Anqing High-tech Industrial Development Zone" disclosed by Jitai on October 29, 2021.The announcement stated that it plans to invest in the construction of a new material industrial base project.The project covers an area of 1,000 mu, of which the investment in fixed assets is not less than 2 million yuan/mu.The Shenzhen Stock Exchange requires Jitai to explain the source of project construction funds and the specific method of self-raised funds in combination with the balance of monetary funds, assets and liabilities, and funds required for operation, and further explain the project planning and investment and financing schedule, and whether it can be completed on time. production.
Third, the Shenzhen Stock Exchange also requires companies to report as soon as possible a memorandum on the planning process of non-public offerings, a list of insiders and related information.
It is worth noting that at present, the proportion of Jitai's income from new energy vehicles, photovoltaics and other industries is still relatively small, and its income mainly depends on traditional industries such as construction engineering and decoration, and containers.
Jitai’s 2021 annual report shows that the company will achieve revenue of 1.676 billion yuan in 2021, of which the revenue from the construction engineering and decoration industry and the container industry will account for 56.49% and 26.37% respectively, totaling 82.86%; and including new energy automotive adhesives The annual revenue of the electronic adhesive business, including photovoltaic adhesives, etc., accounted for only 7.18%.
