After the total market value soared 4 billion this year, Jinjian Rice Industry’s controlling shareholder dumped its shareholding reduction plan

After the total market value soared 4 billion this year, Jinjian Rice Industry’s controlling shareholder dumped its shareholding reduction plan
On the evening of May 6, Jinjian Rice Industry issued an announcement of shareholders’ shareholding reduction plan.As of May 6, 2020, Jinjian Rice Industry ‘s controlling shareholder Hunan Jinxia Grain Industry Co., Ltd. and concerted action Hunan Xiangliang Investment Holdings Co., Ltd. (referred to as “Xiangliang Investment”) held 143350151 circulating shares of the listed companyShares, of which Jinxia Grain holds 143,350,051 unrestricted circulating shares of listed companies, accounting for 22 of the total share capital of listed companies.34%.According to the announcement, Jinjian Rice, the controlling shareholder of Jinjian Rice Industry, plans to reduce the total number of shares in listed companies by not more than 12,835,664 shares through centralized bidding and block trading, that is, no more than 2% of the total share capital of listed companies.The holding will be carried out within three months after the 15 trading days from the announcement of the share reduction plan; if the shareholding is reduced in the form of a block transaction, it will be three trading days after the announcement of the share reduction planWithin three months.If the listed company has a share offer during the planned reduction of shareholdings, the capital reserve will be converted into share capital and other changes in shares, the number of such reductions will be adjusted accordingly.Jinjian Rice Industry is mainly engaged in the development, production and sales of high-quality grain and oil and new types of healthy food. Its main products are rice, vegetable oil, flour, noodles and milk.Since its listing on the Shanghai Stock Exchange in April 1998, the performance of Jinjian Rice Industry has been average. In 2002, the constipation was reorganized. At that time, the listed company said: “2002 was the year when the company carried out the most strategic adjustment.The company’s main business is facing increasingly fierce market competition, the profitability of existing merged products is gradually shrinking, and small and medium-sized grain and oil brands have emerged in large numbers. The company’s products have been hit by the expansion of the national market.”After achieving profitability in 2003, Jinjian Rice Industry overlapped and reorganized again in 2004. Since then, Jinjian Rice Industry has frequently experienced profit and loss changes. The possible years are 2008, 2011, 2015, and 2018.In 2019, Jinjian Rice achieved a turnaround, and its net profit attributable to shareholders of listed companies was about 1272.270,000 yuan.For profit reasons, Jinjian Miye explained: “The company has expanded its sales channels and new retail performance has achieved outstanding growth; at the same time, the company completed the listed transfer of 100% equity of Hunan Jinjian Pharmaceutical Co., Ltd. by March 29, 2019.Matters, the realization of equity transfer proceeds of about 51.43 million yuan.”Sauna, Yewang noticed that from 2007 to 2019, Jinjian Rice Industry’s net profit attributable to shareholders of listed companies to replace non-recurring gains and losses has been for three consecutive years.Entering 2020, as the “first share of China’s grain industry”, Jinjian Rice Industry is facing the topic of food under the new crown pneumonia epidemic.Since March 19th, Jinjian Rice Industry has continued to grow continuously, ending the closing on April 8th, and has already obtained 9 rising stops. During this period, Jinjian Rice Industry issued 6 copies of abnormal stock tradingAnnouncement of volatility and risk warning.On April 7, the increase data in the risk warning of Jinjian Rice Industry was refreshed: “The cumulative increase of the company’s stock from March 23 to April 7, 2020 for ten consecutive trading days has reached 148.51% may fluctuate greatly.At the same time, the company’s stocks changed hands on average in 20193.95%, but the company’s average changeover from March 23 to April 7, 2020 was 24.90%, especially the handover merger 32 on March 27.55%, changed hands on April 2 reset 39.99%, changed hands on April 3 and implanted 38.20%, the turnover rate on the most recent trading day far exceeded the previous level.At the same time, Jinjian Rice also mentioned that hot topics such as “hoard rice” and related news have recently appeared in the market, and the company’s stock has also changed greatly due to the involvement of “food concept stocks”, and it has been said that too many restrictionsGrain exports have a very limited impact on China’s grain supply and consumption, and have no major impact on the company’s production and operations.”The business model of the company’s grain and oil products is to carry out the deep processing of the purchased rice, oil, fat and wheat, and then sell it to dealers or supermarkets.At present, the company’s rice raw material purchase prices and product prices in the terminal market are stable, and the company’s performance has not changed significantly.”Jinjian Rice Industry said.According to Choice financial terminal data, the total market value of Jinjian Rice Industry has closed at 25 from the last trading day of 2019.7.4 billion US dollars, rose to 66 on May 6 this year.040,000 yuan, a gradual increase of about 40.300 million yuan.Sauna, Ye Wang, Yan Wang editor Wang Jinyu proofreading Li Xiangling