The Cross Market Value Of Listed Companies Dropped By More Than 3 Billion 400 Million.

Recently, Shanghai and Shenzhen

Fair value drag on Performance

On the basis of considering the profit distribution, the market value of cross shareholdings of A shares at the end of the first quarter of the 148 listed companies amounted to 137 billion 99 million yuan.

According to the closing price in May 18th, this figure dropped to 133 billion 653 million yuan, a cumulative decrease of 3 billion 446 million yuan, a decrease of 2.51%.

Insiders pointed out that the decline in cross market value will directly affect the fair value change earnings of listed companies, thereby dragging the mid-term of the relevant companies.

Statistics show that, due to the decline in Holding Company share prices, Nanjing's high tech (600064), Bailian (600631), conch cement (600585), and Lan Sheng shares (600826) and other companies cross the stock market value dropped by more than 100 million yuan.

The fall in share prices of financial listed companies is undoubtedly an important reason for dragging the market value of shares.

As Changjiang Securities (000783) shares fell, Haixin shares (600851), Jinjiang shares (600754) and Gezhouba Dam (600068) only had a fair value of 242 million yuan, 184 million yuan and 100 million yuan at the end of the first quarter.

The fluctuation of Ningbo Bank (002142) share price also made the market value of YOUNGOR (600177) and Shanshan stock (600884) lower by 188 million yuan compared with the first quarter.

Nonetheless, some companies' cross shareholdings have recently gained profits.

Guodian electric power (600795) held Guodian NR (600406) and far light software (002063) market value increased by 230 million yuan and 8 million 792 thousand and 300 yuan respectively from the end of the first quarter.

Fenghua hi tech (000636) is the largest circulation shareholder of Aupu photoelectric (002338). With the strong performance of Aupu photoelectric's recent share price, Fenghua hi tech stock market value increased by 174 million yuan compared with the end of the first quarter.

It is worth noting that from the perspective of accounting treatment, the change of market value of cross shareholdings is not necessarily reflected in corporate profits.

Only when the listed company's securities are included in the paction financial assets will the current performance be affected.

There is a positive or negative return on equity participation.

Although the Shanghai and Shenzhen stock index has experienced substantial fluctuations, YOUNGOR, which has been actively participating in the private placement of listed companies, has not stopped the pace of securities investment.

The company has recently participated in the issue of non-public offering of stock technology (600183), plans to invest 194 million yuan, and subscribe for 21 million shares of the technology based non-public offering stocks at the price of 9.24 yuan / share.

The company promises no pfer of shares within 12 months after completion of the subscription.

In April this year, YOUNGOR also participated in the non-public offering of Xing Rong investment (000598), subscribed for 12 million shares at the price of 17.20 yuan / share, accounting for 2.08% of the total share capital of the company after its non-public offering.

The total amount of investment is 206 million yuan.

In this regard, YOUNGOR has spent 826 million yuan this year to participate in the private placement of 6 listed companies.

In fact, since the second half of 2010, YOUNGOR has been frequently involved in private placement.

Especially after September, the company took part in the targeted placement of 8 companies, including 1 billion 207 million yuan to subscribe for 87 million shares of Shanghai automobile and 579 million yuan to subscribe to China Airlines 50 million shares and 807 million yuan to subscribe to 70 million 500 thousand shares of Ningbo bank and 1 billion 199 million yuan to subscribe to 39 million 300 thousand shares of Xugong machinery.

While keen to participate in the stock market, some listed companies also began to plan to withdraw from equity participation.

ZTE (000063) recently announced that in order to meet the needs of the company's strategic development and promote the main business development of the company, the company intends to sell national technology (300077) shares at the right time and reasonable price range.

At present, ZTE holds 21 million 700 thousand shares of national technology, accounting for 20% of the total share capital of the company, which was lifted in May 3rd.

Minmetals development (600058) continued to reduce Ningbo joint (600051) shares through block trading system in April 15th and May 3rd.

After the reduction, the development of Minmetals only holds 24 shares of Ningbo, and has basically retired.