The fund is traded at T+ 1, and the fund is bought on the trading day (within the trading time), which is calculated according to the net value at the close of the trading day. The share is confirmed on the second trading day, and the income is calculated after the share is confirmed. The trading hours of the Fund are Monday to Friday from 9: 30am to afternoon11:30pm and afternoon13: 00pm.
The net value of a stock is also called the book value of a stock. The net value of each common share that can be allocated to the company's accounting books is the value of the actual assets contained in the stock. It is equal to the net value of the company minus the balance of the total face value of the company's preferred shares in circulation, and then divided by the number of common shares in circulation.
The net value of a company is called "shareholders' equity" in accounting. It is the sum of the company's capital plus various provident funds and retained earnings (accumulated losses and other liabilities). Among them, the capital is the sum of the total par value of preferred shares and common shares, and various provident funds include statutory provident fund, asset provident fund and special provident fund. The above items constitute the equity part of the company's balance sheet, and the sum of the company's equity and liabilities is equal to the company's total capital.
Therefore, shareholders' equity is also equal to the company's assets MINUS liabilities, which is the company's net worth. When the company loses money year after year and the accumulated loss exceeds the original reserve fund, the net value of the company will be less than the capital, and after deducting the denomination of preferred shares, it will be less than the denomination of common shares.
In this case, the book value of the stock is lower than its face value. On the contrary, if the company has a large number of reserve funds and retained earnings, the net value of the company will greatly exceed its capital, and the book value of the stock will be significantly higher than its face value. Therefore, the book value of a stock is not only related to its face value, but also depends to a greater extent on the operation of the joint-stock company after its establishment, as well as the amount of provident fund and retained earnings.
After the stock is listed, the actual transaction price is formed, which is commonly referred to as the stock price, that is, the stock price. Most stock prices are far from their par values. Usually, the so-called net stock value refers to the intrinsic value of the issued shares. From the accounting point of view, the net value of shares (also called net value per share and net assets per share) is equal to the surplus of the company's assets MINUS liabilities, and then divided by the total number of shares issued by the company.
The specific calculation formula is: total stock net value = company capital+statutory reserve fund+capital reserve fund+special reserve fund+accumulated surplus-accumulated loss.
Net value per share = total net value/total right to issue shares
The net value of a stock is closely related to its real value and market value. Because the net value of stocks represents the operating and financial conditions of the company in the past few years, it can be used as the main basis for measuring the true value of stocks. If the net value of the stock is high, it shows that the company is in good financial condition, shareholders enjoy more rights and interests, and the stock has strong profitability in the future. The real value of stocks must be high, and the market value will also rise. Do the opposite.
Compared with the real value and market value of stocks, the net value of stocks is more accurate and reliable, because the net value is calculated according to the existing financial statements, and the data based on it is quite specific, accurate and reliable; At the same time, the net value can clearly reflect the cumulative results of the company's operations over the years; The net value is still relatively fixed, and generally only changes when the year-end surplus is recorded or the company increases capital.
Therefore, the net value of stocks has high authenticity, accuracy and stability, which can be used as an important basis for companies to choose the issuance method and determine the issuance price when issuing stocks, and is also the main parameter of investment analysis.