China Fund News reporter Yi Shan
On the evening of June 22, GoodWe, the leader of photovoltaic inverters, disclosed a shareholder reduction plan, showing that the company's 7 shareholders will reduce their holdings by no more than 3.97% of the company's shares.
It is worth noting that although the performance in 2021 and the first quarter of this year is lower than market expectations, the company's stock price has risen by more than 140% since April 27 with the recent popularity of the photovoltaic track. As for the collective high-level reduction of shareholders, shareholders are also talking about it.
7 shareholders collectively reduce their holdings at a high level
On the evening of June 22, GoodWe announced that the company has recently received the "Notice on Shareholders' Share Reduction Plan" issued by the company's shareholders Lu Hongping, Fang Gang, Lu Jinjun, Gaoxin Fude, Gaoxin Taifu, Mingshan Ruide, and Hongtai Mingshan. ".
According to the announcement, the reduction plan involves 7 shareholders, and it is planned to reduce their holdings through centralized bidding or block transactions. Through centralized bidding and block transactions, the total amount of the company's shares held by it will not exceed 4,889,500 shares, and the total number of shares to be reduced will not exceed 3.97% of the company's total share capital.
It is reported that among the seven shareholders, Fang Gang and Lu Jinjun are the company's directors, supervisors and senior managers, and the rest are more than 5% non-largest shareholders.
In addition, the announcement of the reduction of holdings also disclosed the reduction of shares held by the above-mentioned 7 shareholders in the past 12 months. If calculated by the lowest average transaction price, the 7 shareholders have previously cashed out about 1.46 billion yuan by reducing their holdings.
Shareholders' hot discussion
After the shareholders' collective high-level reduction plan was thrown out, the stock bar also exploded.
Some bluntly said that shareholders cut leeks, and some investors said that the impact was not great, thinking it was positive, and bluntly said that "the current situation is that the more good votes are going down, the more they are going up." "well done"……
It is worth noting that on June 20, GoodWe just announced the plan of dividend distribution. According to the announcement, the profit distribution and transfer of share capital will be based on the company's total share capital of 88 million shares before the implementation of the plan, and a cash dividend of 1.2 yuan (tax included) per share will be distributed. The capital reserve will be transferred to all shareholders to increase 0.4 shares per share. A total of 106 million yuan of cash dividends were distributed, and 35.2 million shares were transferred.
Shares soared 140%
According to public information, GoodWe is based on the conversion, energy storage conversion and energy management of new energy power supply equipment, with the core of reducing electricity cost and improving electricity efficiency, and aiming at energy multi-energy complementation and energy value creation. , a high-tech enterprise integrating independent research and development, production, sales and service. At present, the company's main products are: photovoltaic grid-connected inverters, photovoltaic energy storage inverters, batteries and smart energy management system products. Among them, photovoltaic inverters are the company's core products.
Recently, as the photovoltaic sector continues to be hot, GoodWe's share price has also pulled back strongly.
From the perspective of the stock price trend, the stock price trend of GoodWe has been quite volatile since the beginning of this year. From mid-March to the end of April, it first dropped sharply, and the range once fell by more than 60%; but then it began to climb rapidly, closing at 275 yuan as of June 22. / Share, the stock price has risen by more than 140% since April 27. The latest market value rose to 33.9 billion yuan.
Wind shows that a total of 17 institutions have given ratings to the stock in the past 180 days, of which 9 have buy ratings and 8 have overweight ratings; the latest consensus target price of the stock is 218.10.
In addition, according to the data of the straight flush, as of March 31, 2022, a total of 52 funds held GoodWe among the top ten heavyweight stocks, an increase of 11 from the previous quarter, holding a total of 4.1095 million shares.
Increase in revenue but not profit in the first quarter
Despite being favored by funds, the company's performance in recent years has fallen short of market expectations.
The 2021 annual report data shows that GoodWe achieved revenue of 2.678 billion yuan during the period, a year-on-year increase of 68.53%; the total operating cost rose to 2.385 billion yuan, and the operating profit fell to 296 million yuan, a year-on-year decrease of 1.84%; 280 million yuan, an increase of only 7.4% year-on-year; and the company's net profit in 2020 was 260 million yuan, a year-on-year increase of 153.16%. From this point of view, the company's net profit growth will slow down significantly in 2021.
In the first quarter of this year, there has been an increase in revenue but not profit. According to the data of the first quarterly report, the company's revenue during the period was 650 million yuan, a year-on-year increase of 46.16%; net profit was 9.4134 million yuan, a year-on-year decrease of 86.54%; non-net profit was 5.2301 million yuan, a year-on-year decrease of 92.0%; in addition, during the reporting period , the cash flow generated by the company's operating activities was -179 million yuan.
Affected by the negative performance of the decline, Goodwei's stock price fell sharply on April 26, and finally closed at 160.74 yuan, a drop of 11.31%, and hit a new low for the stock price since 2021.
In this regard, GoodWe said that the decline in net profit in the first quarter was mainly due to the impact of the epidemic and the global shortage of chip supply. Incentive plans and other related expenses have led to a larger growth rate than the operating income growth rate, and ultimately the net profit growth rate has been significantly lower than the operating income growth rate."
However, benefiting from the continuous growth of market demand, the company's future development potential is still there. Huang Min, chairman and general manager of the company, bluntly stated at the May performance meeting that the company currently mainly uses energy storage as a strategic point, and new business segments such as BIPV and distributed household systems contribute incrementally. And pointed out that "chip tension is a common problem faced by the industry, and it is expected to gradually ease in the second or third quarter of this year."
In order to effectively alleviate the existing capacity bottleneck and expand the company's scale, on June 17 this year, GoodWe announced that it plans to raise no more than 2.54 billion yuan to expand the production capacity of inverters and energy storage batteries. And bluntly said that the construction of this project will help the company's competitive position in the industry to rise to a new level.
Wind shows that as of the end of the first quarter, GoodWe had a total of 8,759 shareholders, an increase of 10.05% compared to the end of last year.
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Original title: "After the skyrocketing 140%, the 7 shareholders of these A shares will collectively reduce their holdings..."
