China Unigroup Guowei’s share price plummeted and its market value evaporated by more than RMB 7 billion | TechNews

IT House reported that the share price of Chinese chip giant Unisplendor Guowei hit the lower limit half an hour after opening today (21). The share price fell to 113.65 yuan (RMB, same below), a 10% drop, and its market value fell by more than 7 billion yuan. In response, Ziguang Guowei’s informants replied that the company has no information that needs to be disclosed but not disclosed.

Ziguang Guowei announced its third quarter financial report on the night of the 20th. Revenue for the first three quarters of this year was 2.32 billion yuan, a 6.78% year-on-year decrease, mainly due to the launch of Xi’an Ziguang. Guoxin; net profit attributable to shareholders was 684 million yuan, an annual increase of 87.51%. Looking ahead to the full year, net profit is expected to reach 751 million to 872 million yuan, an annual increase of 85% -115%. Ziguang Guowei said that the profitability of the company’s main business segments has continued to improve, while the specialized integrated circuits business has maintained rapid growth and continued to provide stable profits.

There are two theories in the market that explain why Ziguang Guowei’s share price fell. One is that your financial report data is not what you expected, but your financial report profit growth not only hits a record year-over-year, it also meets expectations. This statement does not seem to hold; Another argument is that the profits are depleted and the funds are sent.

Ziguang Guowei Chairman and CEO Ma Daojie said that as China’s leading smart chip company, Ziguang Guowei has developed rapidly in recent years and maintained rapid growth, especially this year, facing the severe test of the new corona pneumonia epidemic, the first three quarters of the company. The operation has maintained growth and the business has shown a stable and healthy development trend; the company will continue to consolidate the main advantages of smart security chips, while actively implementing in emerging fields such as automotive electronics and industrial Internet. However, in recent years, Tsinghua Unigroup has been frequently operating in extensional expansion, but since the end result, the effect is not very large, and Tsinghua Unigroup expansion has been repeatedly blocked.

Judging from the behavior of the capital market, Ziguang Guowei has seen a strong trend this year, reaching RMB 160.8 per share at the end of August. In the third quarter, the major shareholders began to reduce their stakes. In July, Ziguang Guowei’s indirect controlling shareholder, Ziguang Group, and its wholly owned subsidiary, Ziguang Communication, reduced their stakes by 2.32 million shares, representing 0.3823% of the company’s total capital; Controlling shareholder Ziguang Chunhua has reduced its holdings of company shares by a total of 7,793,100 shares through block transactions, representing 1.28% of the company’s total share capital. At the end of the third quarter, among the top ten shareholders of Ziguang Guowei, Ziguang Chunhua’s share index fell further to 34.39%, and Beijing Capital’s share index through Lu Stock Connect also decreased; three other shareholders joined and two increased. Keep up; Wind statistics show that the share of total institutional shareholders in the third quarter has exceeded 50%.

Furthermore, China Development and Reform Commission spokesman Meng Wei said in response to the unfinished chip project phenomenon on the 20th that China’s enthusiasm for investing in the integrated circuit industry is high, and that some companies of “three noes” without experience, without technology and without talent have joined the integrated circuit industry. Some places have insufficient knowledge of integrated circuit development law, they launch projects blindly, low-level repeated construction risks appear, and even some projects have stalled and factory buildings are empty, resulting in a waste of resources; The National Development and Reform Commission will guide localities to strengthen their awareness of the risks of the construction of large projects, In accordance with the principle of “who supports, who is responsible”, those who cause significant losses or cause significant risks will be notified and responsible. Most of the shares of the China IC Design Index fell today. Except for the lower limit of Ziguang Guowei, Fuman Electronics fell 10.7%, Rockchip, Fullhan Micro and Zhenxin Technology fell more than 4%.

(This article is reprinted with permission from MoneyDJ News; the source of the first image: shutterstock)

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