Masks Stocks Weaken Collectively, Search At Special (002503) To Close Down

In March 10th, the masks were weakened collectively and searched for (002503) to close down. In response to the concern letter sent by the Shenzhen Stock Exchange, it revealed its reply to the letter of concern in the evening of March 10th. Search for special mention, there is no use of interactive platform to cater for the impact of hot spots on stock prices.

In February 12th this year, in search of special announcement, the Board agreed to invest in the establishment of a wholly-owned subsidiary of Dongguan search special medical products Co., Ltd., the scope of business includes research and development, production and sale: medical sanitary masks, protective clothing, gauze, non-woven fabrics, ordinary labor protection supplies, hygiene products and paper products.

In the face of the outbreak of pneumonia caused by the new coronavirus infection, the company actively responded to the call of the central and local governments and fully supported the epidemic prevention and control work. Some of the raw materials sold in the company's supply chain management business were raw materials for the production of medical protective products and non-woven fabrics, and this investment has the advantages of industrial resources and raw materials.

From the beginning of February 25th to the 10 trading day of March 9th, 8 trading days were recorded on the 8 trading days, with the largest cumulative increase of 129%.

During the continuous rise, he also replied to investors on the interactive platform in March 4th. "The company is actively preparing for the production of masks and protective clothing. It is expected that the product will be put into operation in mid March." "The company's wholly-owned subsidiary of Dongguan search special medical supplies Co., Ltd. is also actively promoting the preparation of melt blown fabric production. Currently, for the production of emergency masks, the market is mainly for melt blown fabrics." No doubt, this further boosted the stock price gains in the two tier markets.

In March 4th, the Shenzhen Stock Exchange issued a letter of concern to search for special information on whether the company has the qualifications of producing and selling medical masks, protective clothing and other medical devices and related products. If not, it shows the company's plan and estimated time to obtain relevant qualifications. The production preparation, the planned investment and planned production capacity, the adequacy of raw materials, the estimated time of production, the whereabouts of hand orders and products, and the impact of the business on the company's operating performance are explained.

In February 29th, the medical supplies company obtained the "disposable medical mask" issued by the Dongguan municipal market supervision and Administration Bureau, the medical device registration certificate of the new crown pneumonia epidemic situation in Dongguan and the certificate of medical device production record. "Medical disposable protective clothing" needs to be supplemented by skin irritation and other indicators. It is expected that product registration and production records will be available in mid March. Medical products companies are also actively preparing to apply for the registration and production license of disposable medical masks and medical disposable protective clothing to the Guangdong provincial drug administration.

At the same time, search also said that in accordance with the government's notification requirements, the company began to resume work in February 10th. In February 11th, the board of directors held a motion to consider investing 200 million yuan to set up a wholly owned subsidiary, Dongguan search special medical supplies Co., Ltd. In February 13th, the subsidiary company obtained the "business license" issued by the Dongguan municipal market supervision and Administration Bureau. The design, construction, recruitment, financing, ordering of equipment, purchase of materials, qualification bidding and so on are also being carried out in an orderly and orderly manner. Therefore, the company invested 200 million yuan to set up a medical supplies company, which is a strategic decision and practical action made by the board of directors from the company's reality and focusing on the long-term development of the company. There is no case of using the interactive platform to cater to the market hot spot and affect the stock price of the company.