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Original title Infected with new mutant coronavirus! Denmark announced the national slaughter of minks, this A-share company blew up the mine
The Danish government declared that it will hunt all minks in the country, between 15 and 17 million. Among the national A shares, it is known as the “first fur stock”.Huasi sharesBecause the company has several mink breeding and rearing sun companies located in Denmark, it has been affected, further worsening loss performance.
Danish government: all minks will be hunted
According to the People’s Daily Overseas Network, on November 4 local time, the Danish government declared that it would kill every mink in the country, with a number ranging from 15 to 17 million. Danish Prime Minister Fredriksen noted that the new corona virus has mutated in the mink and this mutated virus has been transmitted to humans. Since this mutated virus is not inhibited by antibodies like ordinary new coronaviruses, it may cause the vaccine to not be on the market. Denmark is the largest mink producer in the world. The president of the Danish Association of Mink Breeders believes that the government’s decision is a disaster for the industry and Denmark.
According to CCTV reports, on November 6 local time, the WHO declared that mammals such as mink are very suitable animal hosts for the new coronavirus, and the virus can gradually mutate within these species; But the new mutated coronavirus is only slightly different from the old one. , It has not been found to affect the efficacy of the vaccine.
In European countries, in addition to Denmark, Spain and the Netherlands have also reported cases of mink infection by the new coronavirus. According to a report by the Xinhua News Agency on July 19, the government of the Autonomous Community of Aragon in Spain ordered the slaughter of 92,700 minks raised on a farm. As of July 30, the two countries had killed more than 1 million farm minks.
The new crown epidemic has also occurred on many mink farms in the United States. According to a report by the Xinhua News Agency on October 11, the agricultural departments of Utah, Wisconsin and Michigan in the United States have successively confirmed that a new corona outbreak has occurred in local mink farms and that more than 10,000 minks have died as a result.
Source: Xinhua Viewpoint Weibo
Huasi shares “wounded”
On the evening of November 5, Huasi announced that several wholly-owned subsidiaries of the Hong Kong company subsidiary Ruicheng Enterprise Co., Ltd. in Denmark are mainly engaged in mink farming. As of September 30, 2020, the consumable biological assets of various companies were 16.8793 million yuan. If the policy is true, all the minks grown by the Danish subsidiary will be killed.
Source: company announcement
The company’s third quarterly report shows that the company lost 93 million yuan in the first three quarters of 2020, and due to the epidemic and overseas agricultural mink infections with the new corona virus, the company has a substantial decrease in revenue and the possibility of accumulating impairment losses in the mink fur inventory. A loss of 280 million yuan to 400 million yuan.
The loss in performance of Huasi’s shares is also reflected in the capital market. In the past six months, the company’s stock price has fallen dramatically. Election data shows that since June 5, the company’s share price has fallen from a high of RMB 6.35 per share to RMB 4.34 per share, a drop of 30%.
Source: Choice
The performance of Huasi’s shares has also caught the attention of regulators. The company recently announced that it received a letter of concern from the Shenzhen Stock Exchange. The Shenzhen Stock Exchange asked the company to explain the specific details of the company’s inventory at the end of the third quarter and the provision for impairment in the letter of concern. And combined with industry conditions, analyze and explain the main reason and rationale for the company’s expected substantial loss in the fourth quarter, and if there are any adjustments to earnings.
The company’s semi-annual report shows that the consumable biological assets are 17.89 million yuan. The Shenzhen Stock Exchange requires the specific origin of the company’s mink fur, the number and value of consumable biological assets (minks, etc.) in the inventory, the epidemic situation in the area where the main farm and the specific epidemic prevention policies and measures of the relevant local governments against the new animal corona epidemic, The share of revenue from mink fur-related products in the company’s total operating income in the last three years , combined with the new corona epidemic situation to explain the specific estimate base for the adverse impact on the company’s income, and the base and estimate for the company’s proposed provision for inventory impairment losses related to leather mink in principle.
The letter of concern shows that, combined with the analysis of the main sales area of the product, the selling price, the selling expenses, the source of purchase and changes in the cost of purchase, it explains whether the provision for inventory impairment of the company for finished and semi-finished products at the end of the third quarter is sufficient and appropriate, and if there is an over-supply situation.
Source: Announcement
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