Chinanews client, Beijing, October 14 (Reporter Xie Yiguan) "Investment is risky, and you need to be cautious when entering the market." This sentence applies not only to ordinary investors, but also to listed companies.
Recently, one company suffered a huge loss of nearly 70 million yuan due to its investment in coal futures, and it also received a regulatory letter from the Shanghai Stock Exchange.
The investment in coal selling diapers lost nearly 70 million
On the evening of October 12, Haoyue Nursing, which received a supervisory letter from the Shanghai Stock Exchange, issued a statement on matters related to its subsidiaries' investment in futures.
Screenshot of Pride Yue Nursing Announcement.
According to the explanation, as of October 11, 2021, the settlement of goods, Jiangsu Haoyue Industrial Co., Ltd. (hereinafter referred to as "Jiangsu Haoyue"), a subsidiary of Haoyue Care, still holds 310 lots of 2201 coke contracts, with a floating loss of 24,163,200 yuan. ; Coking coal 2111 contracts 10 lots, with a floating loss of 501,900 yuan; Coking coal 2201 contracts 579 lots, with a floating loss of 28,827,300 yuan.
The note also mentioned that as of October 11, 2021, the company has incurred a cumulative loss (including floating loss) of 69,341,500 yuan, accounting for 11.52% of the company’s audited net profit in 2020; the company’s 2021 futures investment risk exposure and The maximum loss that may be faced is the cumulative loss (including floating loss) in 2021 plus the remaining equity, totaling 15.31 million yuan, accounting for 5.49% of the audited net assets in 2020.
This also means that Haoyue Nursing, which has already lost nearly 70 million yuan, may lose 153.1 million yuan next.
The financial report showed that Haoyue Nursing had revenue of 1.085 billion yuan in the first half of the year, a year-on-year decrease of 21.72%; net profit attributable to shareholders of listed companies was 192 million yuan, a year-on-year decrease of 48.76%.
The performance decline and the company broke out huge losses, causing investors to directly ask on the investment platform, "What do you do for a company that does diapers go to do coke futures?"
According to the official website, Haoyue Nursing is a domestic manufacturer of personal hygiene products, and its business covers disposable hygiene products such as baby diapers, adult diapers, menstrual pants, sanitary napkins, and wet wipes.
Screenshot of the official website of Pride Yue Nursing.
Why does coal futures suffer huge losses when coal futures rise sharply?
Regarding the reason for futures investment, "In view of the company's new plant in the early stage, the demand for raw materials such as steel is large, in order to indirectly hedge the price of related materials, the company's management conducts futures hedging operations." Haoyue Nursing explained in the explanation.
The reporter combed through the futures input summary table provided by Haoyue Nursing and found that from January to June, the company invested a total of 8 million yuan and accumulated a profit of 1.0363 million yuan.
But in July, the situation took a turn for the worse, with an additional 5 million yuan that month, but a loss of 3.6314 million yuan that month.
From August to October, Haoyue Nursing continued to add RMB 60 million, RMB 40 million and RMB 40.1 million. As a result, it suffered monthly losses, with a final loss of RMB 69,341,500.
Screenshot of Pride Yue Nursing Announcement.
What puzzles many investors is that the futures products invested by Haoyue Care are coke and coking coal.
Affected by rising international commodity prices this year, the market for coke and coking coal futures has performed well.
Since the beginning of the year, the cumulative increase of Coking Coal 2201 held by Haoyue Care has reached 131.36%, the cumulative increase of Coking Coal 2111 has reached 145.26%, and the cumulative increase of Coke 2201 has reached 29.62%.
Then why is there a huge loss?
According to industry insiders, it may be caused by "short selling".
Increase holdings + repurchase, the chairman personally protects the market
Under the huge loss, Haoyue Nursing also stated in the announcement, “Based on the current actual situation, Jiangsu Haoyue decided to terminate futures investment in an orderly manner, no more capital investment, no increase in futures positions, and cautious decisions on current positions to choose opportunities to lighten up positions. , Liquidation processing, termination of futures business as soon as possible, the company will continue to focus on the main business in the future."
But stockholders did not buy it. On October 13, Haoyue Care's share price plunged more than 8% to 49.86 yuan.
On the 14th, Haoyue Care's share price rose nearly 6%, which may benefit from the company's safeguard measures.
On October 14, Haoyue Nursing successively issued announcements on plans for controlling shareholders and actual controllers to increase their shareholdings in the company and plans to repurchase shares through centralized bidding transactions.
Among them, the shareholding increase plan shows that the company's controlling shareholder, actual controller, and chairman Li Zhibiao intends to increase his shareholding in the company by 20 million to 50 million yuan in the next three months.
Screenshot of Pride Yue Nursing Announcement.
Haoyue Nursing is not the only one who "troubleshoots" in investment futures
On the evening of October 12, the investment progress announcement of the listed company Golden Unicorn disclosed that on October 12, the company closed all the hot roll 2110 contracts that had been opened in the previous period, and the loss of this time was 20,511,700 yuan.
Up to now, the company's futures liquidation has accumulated a loss of 107,767,700 yuan, accounting for 66.07% of the company's 2020 audited net profit.
In the capital market, even the "futures god" sometimes misses.
On September 14, an investment progress announcement issued by Qin'an shares showed that from January 1 to September 14, the cumulative loss of Qin'an shares futures investment was 17.5126 million yuan.
As of September 14, the floating loss balance of Qin'an Futures Account was 31.9905 million yuan.
It is worth mentioning that since mid-April 2020, Qin'an shares have conducted large-scale futures trading under the leadership of the 63-year-old chairman.
After spending nearly 5 months in the futures market, it earned 769 million yuan. Qin'an shares were also known as the "futures god", but then the investment encountered "Waterloo" one after another.
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