Profits Are Ridden And Share Prices Soared. Three Dangers Are Warned By Birds Of Honor.

There are multiple risks such as delisting risk warning, large debt default and so on. The company's share price has recently been touted by investors, and it has seized 3 continuous trading boards for 603555 consecutive years. In this regard, in the evening of December 25th, you also hint at the many risks existing in the company.

Trading quotes showed that the price of $5.74 yuan / share opened at 1.2% yuan in December 25th. After the opening, the company's share price quickly turned red, and then entered the trend of turbulence. At 14:18, the price of the bird rose to 2.75% on the basis of a 2.75% increase. As of the closing date, the price of the bird bird was still sealed up by the daily limit of 6.39 yuan / share.

According to the Oriental wealth statistics, nearly 28 trading days, the cumulative value of the birds has increased by 89.61%, and the market has increased by 3.13% over the same period. In December 23rd, 24 and 25, it also received 3 trading boards.

On the evening of December 25th, the famous bird revealed a risk warning announcement. It said that the Shanghai Composite Index fell 0.03% on December 25th, while the textile and garment sector rose slightly. As of the closing date of December 25, 2019, the company's dynamic P / E was -18.14, and compared with the same industry, the company's profitability was weak.

In the risk warning announcement, the company revealed three major risks facing the company, one of which is the risk warning for delisting. Financial data show that in 2018 and the first three quarters of 2019, the net profit of the noble bird was about -6.86 billion yuan and -1.66 billion yuan. The net profit attributable to the corresponding deduction is about -6.47 billion yuan and -2 billion yuan respectively. The company said that if the company's performance continued to suffer losses in 2019, the company's stock would be at risk of being warned of the risk of delisting.

Second, there is a large debt default risk. Due to the tight liquidity of the fund, the precious birds could not pay the 2016 yuan's first non-public directional debt financing instruments 500 million yuan in time, and the balance of the 14 "precious birds" company bonds issued in 2014 was 647 million yuan, and the principal amount of the overdue debts amounted to 1 billion 147 million yuan. Up to now, the noble bird has not yet reached a specific debt settlement plan with the relevant creditors, nor has it signed any debt reconciliation agreement.

Besides, there are risks of controlling shareholders' equity pledge, freezing and auction. As of the announcement day, 427 million shares held by the noble bird controlling shareholder, the 67.86% of the total share capital of the company, account for 89.03% of the shares held by the controlling shareholders. They are still frozen or waiting for a freeze. The number of judicial auctions is 67 million 695 thousand shares, accounting for 10.77% of the total share capital of the company, accounting for 14.13% of the shares held by the controlling shareholders. It is worth mentioning that in December 25th, the famous bird revealed a "announcement on progress of judicial sale of holding shares of controlling shareholders". Since no one offered a bid, 30 million shares of the company owned by the company (4.77% of the total share capital) were sold on the unlimited sale of shares. In response to related issues, the Beijing business daily telephoned the office of the noble bird and the director's office, but no one answered the phone.