YOUNGOR'S Growth Has Lost Its Color: Fixed Increase Of 12, Single 90% Loss

The depression of the two level market is facing the situation of "the ban on the ban", which includes the big YOUNGOR.

Enterprises (600177.SH).

Reporters counted YOUNGOR's 23 stocks lifted in the second half of last year and calculated its market value at yesterday's closing price. 20 of them were found to be floating losses, with a floating loss of 1 billion 200 million.

After the lifting of the ban, Jo Jager reached the highest point in the stock price of these companies, and 10 stocks still lost money relative to their investment cost (Huaxin Cement had not yet been lifted).

Investment in science and technology lost 52%

In the early years, YOUNGOR gained more than 6 billion of its two single investment in CITIC Securities and Bank of Ningbo, and subsequently took part in the private placement of Haitong Securities, Shanghai Pudong Development Bank, ZOOMLION and other companies.

It may be a taste of sweetness. In 2011, YOUNGOR was the fastest growing year for YOUNGOR to participate in a listed company. With its average monthly rate, it participated in the 12 private placements of the company, namely, Qian Yuan electric power, Guang Bai pharmaceutical, Hai Zheng pharmaceutical, Hai Li, Xing Rong investment, Sheng Yi technology, Yun Tian Hua, Jinggong technology, Sheng Nong development, Dongfang zirconium industry, Xinjiang Zhong He and Huaxin Cement, with a total investment of 2 billion 664 million.

Among them, the largest amount of investment is the power of Qian Yuan, which subscribed about 53 million 430 thousand shares of Qian Yuan power by 900 million yuan.

Since January of this year, the restricted shares of the 12 companies held by YOUNGOR have been lifted.

Considering the dividend payment scheme of these companies, and at yesterday's closing price, except for the eastern zirconium industry, there were about 14 million floating profits, and the remaining 11 companies were buoyant, with a total floating loss of around 400 million.

From the point of view of floating deficit, the top three of the top 39% companies are Guang Bai shares, Xinjiang Zhonghe and Jinggong technologies, with a floating margin of 39%, 41% and 52% respectively, with a floating deficit of 30 million ~4000 million.

Take Jinggong technology as an example, although YOUNGOR's allotted amount is only 990 thousand shares, it has increased to 2 million 970 thousand shares after two times.

But judging from the stock price trend of Jinggong technology, the participating agencies have gone through a roller coaster.

The main business of Jinggong technology is the production and manufacture of ingot furnace, belonging to photovoltaic equipment manufacturing industry.

In 2010 and 2011, as downstream manufacturers significantly increased their capacity, PV equipment industry boom reached a record high.

Since the end of 9 in 2010, the stock price rose from 15.49 yuan at the bottom to 70 yuan in May 9, 2011. In the late May, Jinggong Technology launched a private placement. Under the looting of the purchasing agencies, the price increased to 60.1 yuan.

Since then, the price of Jinggong technology has continued to rise to a historical peak of 79.95 yuan. However, as the photovoltaic industry entered the adjustment period in 2011, the company's share price also experienced a sharp decline. After a "ten send ten" and "ten send to five", the current stock price is only 9.5 yuan, compared with the 28.5 yuan before the ex dividend, compared with the price increase of 60.1 yuan, the decrease is 52.5%.

Similarly, YOUNGOR has never had the opportunity to withdraw from the stock market after the lifting of the stock ban.

It is worth noting that, as a controlling subsidiary of YOUNGOR, it is also the actual trader of YOUNGOR's fixed growth business, the Kai Shi Cci Capital Ltd of Shanghai. The Tianjin Kai Shi Yi Jin equity investment fund partnership, which has been raised and managed, is also involved in the increase of Jinggong technology. At that time, the cost of 120 million was allocated to 2 million shares, and now it faces the same heavy losses.

YOUNGOR's quarterly report shows that the sale of financial assets of the company has decreased from 9 billion 362 million at the beginning of the year to 8 billion 340 million, and the investment income from disposing of the sale of financial assets is 185 million yuan. However, it is not clear whether YOUNGOR has cut the meat or not.

Absent in 2012?

In fact, YOUNGOR's participation in the second half of 2010 will not be "ideal".

According to our statistics, the participating projects include Dongli pmission, Futian Automobile, Xugong machinery, SAIC Group, Lingyun group, Hua Lu Heng Sheng, CICC gold, China Air China and Shanxi coal international. The shares held by YOUNGOR are all lifted in the second half of last year.

Among them, the share price of Futian Automobile, China Air China and Lingyun three shares has never been "fixed" before the lifting of the ban, and the current stock price is set at a fixed price. The floating loss ratio of YOUNGOR is 27%, 45% and 55% respectively.

It is worth noting that perhaps YOUNGOR is not satisfied with the above performance. Since this year, YOUNGOR has not appeared in the subscription list of any listed company's private placement.

In addition to the Kay stone investment management fund's participation in Nanyang technology, Jiugui Liquor, Minhe shares, silver share and ultra China technology, YOUNGOR group has not participated in the private placement of listed companies.

According to insiders, Kai Shi investment funds are mainly raised by the trust scheme in the market, rather than from YOUNGOR. Since 2010, at least 5 funds have been issued for private placement.