Cross the line to do " But today, Hua Min shares seem to have some problems.
On October 26, Huamin announced the company's performance in the first three quarters, with revenue of 862 million yuan in the first three quarters, an increase of 339.77% over the same period last year, but a loss of 116 million yuan in net profit, compared with the same period last year-2,486
. Source: Annual Report
of the Company
% of the shares held by the Company. Ouyang Shaohong and his concerted actor Hunan Jianxiang Huihong Industrial Investment Co., Ltd. (Hereinafter referred to as "Jianxiang Huihong") have pledged 84% of the company's shares.
The business of Huamin shares is mainly concentrated in the field of silicon rods and wafers. In August
2022, Huamin acquired Hongxin New Energy Technology (Yunnan) Co., Ltd. (Hereinafter referred to as Hongxin New Energy), which was still under construction of silicon wafer production line at that time. At this point, the company's financial situation began to deteriorate gradually.
In 2022, the net profit of Hongxin New Energy was-18.6729 million yuan, corresponding to the net profit of Huamin shares last year-45.4556 million yuan, compared with the same period last year-334. However, the losses for three consecutive years are still under control, and even have dropped sharply.
In 2022, the corresponding gross profit margin of the company's photovoltaic sector was 8.
Therefore, at that time, it was normal that the gross profit margin of the company's silicon wafer business was less than half of that of TCL Zhonghuan and Longji Green Energy.
Source: Oriental Wealth Network, Drawing: Digital New Energy DataBM. Com
, but after 2023, the company's debt ratio showed a leap-forward growth. From 24.87% at the end of 2022 to 35.35% at the end of the first quarter and 53.14% at the end of the second quarter, it finally reached 60 on September 30.
Source: Oriental Wealth Network, Drawing: Digital New Energy DataBM. Since then, the index has continued to be negative. At the end of the third quarter of this year, it approached negative 400 million. In fact
, Ouyang Shaohong, the controller, and Jianxiang Huihong, the concerted actor, have been pledging the company's shares since August 2022, and even many shares have been re-pledged as soon as they are released. In a
short period of one year, the pledge records announced by the company have reached 10, which is almost the number of the company in the past three and a half years.
Source: Under the 10 billion orders of Oriental Wealth Network
, the performance ability is suspected
. According to Digital New Energy DataBM, leading enterprises such as Tongwei Stock, Zhengtai Xinneng, Yidao Xinneng and Huasheng New Energy are all major customers of the company. However, from the actual situation, the outside world has been doubtful about its ultimate performance.
The first is the production capacity. By the end of September, the production capacity of silicon rods and silicon wafers of the company is only 4GW and 6GW; although the total planned production capacity is 20GW silicon rods and 24GW silicon wafers, its bases in Dali, Yunnan and Xuancheng, Anhui (Honghui New Energy) will be put into production by the end of November this year at the earliest.
But whether it will really be put into production on time by the end of this year is unknown, because until the end of June this year. The project progress of Anhui Xuancheng Base is only 0.
On October 14, another cross-border top student, Junda, issued a third-quarter performance forecast. The company expects to earn 1.6 billion to 1.8 billion yuan in the first three quarters, an increase of 290% to 340% over the same period last year.
Judging from the results, the two cross-border top students in the eyes of outsiders have gone to two extremes in their financial situation, one making three-digit money and the other losing four-digit money.
For Huamin shares, in the context of the current silicon wafer price falling below the bottom line, even if Yunnan and Anhui bases are put into production on time, can they really reverse the current loss situation for the company?
Up to the time of publication, Hongxin New Energy has not yet made compensation for its performance in 2022.
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