What caused You Xiang Science and Technology to be voted by investors with their feet?
The survey found that the company's main composition is limited to the postal system, and its competitiveness is low. After listing in 2003, nearly 654.38+72 billion IPO funds were invested in projects that either changed their investment or made little profit.
You Xiang Science and Technology is the first branch of China Post, mainly engaged in the integration of postal high-tech products, software, hardware and electronic information systems. Its top two shareholders, Hunan Post Company, hold 53128,400 shares, accounting for 32.983%; China Post Express Company holds 180 18000 shares, accounting for11.19%-all of which are wholly-owned subsidiaries of China Post, which means that the actual controller of You Xiang Science and Technology is China Post Group.
In 2007, You Xiang Science and Technology hitchhiked to the big market, climbed the high price in 32 yuan and enjoyed a wonderful time. However, due to various reasons, the trend of You Xiang Science and Technology this year is surprising, the decline is not only far below the market, but also far below the industry's increase. The electronic information industry rose from 7 12 on October 5th this year to122 yesterday, up by 4 10 points or 36%. The computer industry rose from 1484 to 1928 yesterday, with an increase of 23%. The main business of You Xiang Science and Technology is the integration of computer software and hardware and electronic information systems, and the average increase of these two industries has reached more than 20%. You Xiang's technology has not caught up with the growth of electronic information industry or computer industry. It has become the stock with the biggest decline among more than 1600 listed companies this year. In this regard, Wang Fei, director of You Xiang Science and Technology, explained that this is also related to the large increase in previous stocks.
Looking through the information of You Xiang Science and Technology, the company's loss this year may be one of the reasons why investors voted for this stock with their feet. 65438+2008123 October, You Xiang Science and Technology released a performance forecast, saying that it expected that the company's net profit in 2008 would be in a loss of about 40-50 million yuan. The company explained that this year's loss was mainly due to the intensified competition in the software development and system integration business market, the gross profit margin dropped sharply year-on-year, and the bank loan interest rate rose, resulting in a year-on-year increase in financial expenses; According to the requirements of the new labor law, the company's labor costs increase, resulting in corresponding production costs and management expenses. (In this regard, Xu Shi, the securities representative, explained that some employees did not have insurance before, and later increased their expenses according to the requirements of the new Labor Contract Law); The strict implementation of the new accounting standards for enterprises has increased the impairment losses of receivables and long-term investment assets.
In the same period of 2007, the net profit (attributable to the parent company) was 6.969 million yuan. Earnings per share is 0.056 yuan (as of June 365438+February 2007, the total share capital was123.9 million shares, which was not adjusted according to the newly-increased share capital). In fact, the performance of You Xiang Science and Technology in 2007 was not very good. However, due to the transfer of long-term equity investment (donghai securities equity) in this period, the investment income was more than 23 million yuan, so the net profit in 2007 was positive, otherwise it would be a loss. This is also the main reason why many media questioned You Xiang's technology transfer of the shares of securities companies in full swing at that time. Because if the equity of donghai securities is not transferred in 2007, maybe the annual report of 2008 will come out and the stock will be capped.