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Liang Qiuyan North Certificate Information 2024-05-12 20:38 Guangdong
After nearly tripling in April, the new third board of Teda continued to soar after the May Day holiday, with the company's shares up 150% in three trading days. It is worth mentioning that Teda New Materials was suspended due to the withdrawal of the market maker, and the stock price fluctuated greatly and was subject to additional suspension verification.
Teda Xincai is an IPO concept stock, the company has always had a "listing dream", once sprint gem IPO and the Beijing Stock Exchange meeting, but two times IPO failed.
Stock price fluctuation suspension verification
Since May 6, Teda New Materials has staged a continuous surge in the market. Among them, the stock rose 68% on May 7, reaching 51 yuan on May 8, closing at 46 on May 8.Nitrosoxidecrashbandicoot.8 yuan, a cumulative increase of 150% over the three trading days. The turnover of the stock has exceeded 10 million yuan since May 6, with a total turnover of more than 50 million yuan in three trading days.
Due to the sharp rise in the share price, Teda Xincai issued an announcement on the evening of May 8 to remind the risk: the company's shares closed up more than 120% in three trading days on April 30, May 6 and May 7. According to the relevant provisions of the "Monitoring rules for abnormal Stock transactions of the National share transfer system of small and medium-sized Enterprises", it belongs to the case of abnormal stock trading fluctuations. The fluctuation of the company's stock price seriously deviates from the market and industry trend, and the company attaches great importance to this abnormal fluctuation.
In fact, the trend of Teda new materials in the secondary market in April has been quite eye-catching, the stock rose nearly 200% in April, with a total turnover of more than 40 million yuan. Rising from 6.25 yuan to 46.8 yuan, Teda Xincai has become the best market-making stock on the new third board recently.
Teda Xincai announced the change in its share price on May 8, saying that trading in the company's shares had been suspended since May 9 because fewer than two market makers had been forced to suspend trading. According to the announcement, Guoyuan Securities withdrew from providing market-making quotation services for Teda New Materials from May 9.
After the suspension, the company's shares increased the suspension, which is related to the change of the stock price. Teda Xincai said that the company's stock closed up 112.63% in the last three trading days (May 6 to May 8), and the company's stock trading price fluctuated greatly. In order to protect the interests of investors, after application, the company will suspend trading to check the recent stock trading price fluctuations. The suspension will take effect from May 10, 2024.
It is worth mentioning that the recent popularity in the secondary market, the number of shareholders in Teda Xincai has increased sharply. Teda Xincai took the initiative to inquire and learned that as of May 8, after the market closed, the number of shareholders of the company exceeded 200. According to the company's 2023 annual report, the company has a total of 74 shareholders. This means that the company has recently added hundreds of shareholders.
Have twice failed halberd IPO meeting
After the share price soared, the company disclosed an investment announcement. According to Teda Xincai, the company plans to invest in the expansion of the "annual production project of 30, 000 tons of trimellitic anhydride and 1500 tons of trimellitic acid". The project is planned to be expanded in the existing plant area, with a production scale of 30, 000 tons of trimellitic anhydride and 1500 tons of pyromellitic acid. The project is expected to have a construction period of 1-2 years, with a total planned investment of 233 million yuan, including 105 million yuan in fixed assets.
The company belongs to the chemical raw materials and chemical products manufacturing industry, is the main production enterprise of tricarboxylic acid and anhydride, and provides high quality products for polyester resin, trioctyl trimelliate, insulation materials and other manufacturers. The company is a national specialist in the new "Little Giant" enterprise.
However, Teda New Materials said in the announcement on May 8th that the company was concerned about the recent market rumors that Ineos of the United States had permanently shut down its TMA production plant, and that the company had not directly received the announcement that the Ineos company of the United States had announced the permanent suspension of production of trimellitic anhydride production plant.
The company also notes that the current production and operation situation is normal, and due to recent changes in the relationship between market supply and demand, the market prices of the company's main products, trimellitic anhydride, have increased greatly, but the sustainability of product price fluctuations is uncertain. If the market supply increases or demand decreases in the future, there may be a risk of product prices falling, which will adversely affect the company's performance.
Teda Xincai said that the company is now operating stably. According to the annual report, the company achieved 474 million yuan in revenue last year, up 34% from the same period last year; net profit was 49.46 million yuan, up 40% from the same period last year; and net profit after deducting non-profit was 47.75 million yuan, an increase of nearly 55% over the same period last year.
Teda Xincai used to be an authentic IPO concept stock, and the company broke down twice, both of which failed: in October 2017, the company failed on the gem IPO; shortly after that, the company launched IPO listing tutoring again in November 2018, and after the establishment of the selection layer (now the Northern Stock Exchange), Teda New material was "diverted" to the selection layer, but failed at the meeting of the North Stock Exchange on September 19, 2022. Since then, the company has not planned IPO.
According to the latest statement of Teda Xincai, the company currently has no capital market operation plan.