Chapter 191 Performance on a Favorable Day
After admiring Zhang Yiru's work status for a while, Gu Junhao also carefully analyzed Tong Huashun's financial report. Tong Huashun officially announced its semi-annual financial report at the weekend.
It is still a few days earlier than Dongfang Fortune. Dongfang Fortune's financial report will not be announced until this weekend. Speaking of it, this week Junshi No. 1 Fund has already announced Wan'an Technology.
The other three holdings will announce their official financial reports this week. This week can be regarded as the financial reporting season for Junshi No. 1. The formal financial reporting season of each quarter of each year will be the most difficult period for stocks.
The economy is currently on an upward trend, and the weekly reports of listed companies are not that bad accordingly. However, when the economy enters a downward period, the annual financial report season can be called a season of explosive reports.
You don’t know which stock will explode, and it may be a stock you just bought or have held for a long time, so in his previous life, Gu Junhao would generally keep a light position during this period and would never touch stocks he was not familiar with.
But there is no need to worry about these things now. In the economic upswing phase, the stocks you buy are relatively familiar stocks, and the one you are least familiar with is the brokerage firm.
The brokerage firm's performance in the first half of this year should not be ideal, but it doesn't matter. The reason for holding it is not because of its performance. I believe that most big funds have the same idea.
However, if the officially announced performance is too ugly, there will probably be a lot of adjustments.
Back to Tonghuashun’s semi-annual report, Tonghuashun’s semi-annual revenue increased by 25.38% year-on-year, and its non-net profit increased by 22.32% year-on-year; both items were higher than the previous performance forecast.
Among the main businesses, the largest growth was in Internet financial information services and mobile financial information services, which increased by 30.26% and 20.08% respectively.
In layman's terms, these two items refer to Tonghuashun's PC client and mobile client. The gross profit margins of the two items are also very impressive, reaching 84.39% and 81.80% respectively.
"The gross profit margin is even more exaggerated than that of Maotai, but this is just the beginning." Gu Junhao looked at the financial report with some satisfaction. The only flaw was that the cash flow decreased a lot.
With the outbreak of the bull market in 2015, the number of users of Tonghuashun mobile client will show explosive growth. Although the gross profit margin will continue to decline, the growth of the user base is the key to Tonghuashun's success.
Like all Internet companies, a platform engaged in Internet financial services is essentially also an Internet company, but it is more unique due to the support of finance.
As long as it is an Internet company, users are its foundation. Without users, all profits will be zero.
However, judging from the trend, Tonghuashun's adjustment for two consecutive trading days on August 14 and 15 since it hit a new high on August 13 was also within Gu Junhao's expectations.
The holders in the market cherish their chips very much and are unwilling to sell them. This is naturally what the main funds do not want to see. If they cannot get rid of these people by continuing to push up the price, they can only make adjustments.
As expected, this impressive semi-annual report will not have much impact on Tonghuashun’s stock price. The adjustment in just two trading days obviously cannot satisfy the desire of the main funds.
"Just don't let the stock price fall sharply today." The so-called good news is bad news. Gu Junhao is not afraid of Tong Huashun's adjustment. However, it is currently related to the calculation of the market value of his stock pledge. If there is a sharp drop today, he will be a little depressing.
Generally speaking, the proportion of pledged equity should not exceed 60%, but most people are unwilling to abide by this rule, especially after fake accountants promoted the routine of pledge-based share reduction.
The fake accountant pledged his shares to major banks and institutions, and then ran away with the money. This operation routine caused an uproar in the market, and some actual controllers of unwanted companies also followed suit.
Gu Junhao naturally would not do such a thing, and there was no need for him to risk violating regulations for a few million. Based on Friday's closing price, Tong Huashun's current market value is 34.4765 million yuan.
Even if a loss of the limit down is provided in advance, the market value is still more than 31 million yuan. Taking into account the discount of the listing value, if 5 million yuan is pledged, only 4,000 lots will be enough.
However, this means that one's own holdings will be made public, and the pledge of shares by natural person shareholders also needs to be announced. It is unknown what kind of turmoil will occur in the market at that time.
Gu Junhao touched his chin and thought, when he first thought about pledging his shares, Gu Junxi had thought about this issue. Exposing his holdings would certainly have a certain impact.
If you really want to keep a low profile, it is easy to scrape together 5 million. 5 million in cash is not a lot, and in today's loose monetary environment, the bank's credit department should be very willing to lend it to you.
However, deep down in Gu Junhao's heart, there is a wish that has never been fulfilled; that is the fans of Taoguba. In a sense, the fans of Taoguba have made an indelible contribution to his ability to establish a private equity fund.
Not to mention people like Su Mingyu and Jiang Jianbai, who support us with real money, but private placement has a certain threshold, and they cannot give fans more benefits.
Nowadays, due to his status, it is even inconvenient to post publicly. The only way Gu Junhao can think of is this kind of public equity operation.
Tong Huashun's stock price is definitely more than the current price. Although he can't remember the exact high price, how could Gu Junhao, who is very familiar with Dongfang Wealth, not pay any attention to Tong Huashun.
I remember that when I first traveled through time, the share price of Tonghuashun was around 100 yuan. Even without taking into account dividends and stock splits, the current price represents nearly five times the profit.
The main funds are so deeply involved that they will not give up just because of their mere market value of 30 million yuan and the following of retail investors. At most, the market cleansing will be more intense.
The rewards that I can give to my fans are very limited. Through this set of public operations, Tong Huashun has become a hot stock recently. If it is seen by interested fans and they can hold on to it firmly, they will definitely be rewarded.
"This is all I can do." Gu Junhao sighed inwardly. As for profit or loss, it all depends on one's luck.
"What are you thinking about?" Zhang Yiru, who had finished her work, interrupted Gu Junhao's thoughts.
"Ah, nothing. Are you done with your work?" Gu Junhao came back to his senses and looked at his watch. It was 10:30. Then he quickly glanced at the stock price trend of Tong Huashun.
As expected, the good news of better-than-expected performance did not drive up Tonghuashun's stock price. After the opening, Tonghuashun opened low and continued to fall. The only surge in the morning failed to break through the flat price, and it remained fluctuating around 22 yuan.
"Not bad, it's not too deep, the main force is quite honest." Gu Junhao said with a smile, then closed the computer and said to Zhang Yiru: "Let's go, let's go find your manager and handle the formalities."
"Okay, let me call the manager and ask if he's there." Zhang Yiru responded.
After asking clearly, Zhang Yiru took the contract she had prepared earlier with her, and then went to the manager's office with Gu Junhao.
Everyone had business dealings, and Gu Junhao was a well-known figure in the Beicang investment circle. As long as everything was in compliance with the regulations, things went very smoothly.
Afterwards, Gu Junhao went to the securities registration agency accompanied by Zhang Yiru. After completing the relevant procedures, 5 million cash would soon be credited to his account.
After finishing all this, it was already noon, and the two found a pretty good restaurant nearby. Gu Junhao looked at Zhang Yiru who was sitting next to him and said with a smile: "Your manager is abusing his power for personal gain and letting you slack off. How about, do you want to come to the company with me this afternoon?"
"What do you mean by using my job for personal gain? I am just doing my normal job. However, it is not impossible for me to go to your company in the afternoon, haha."
Zhang Yiru was quite tempted by Gu Junhao's suggestion. It seemed that she didn't have any specific things to do today. Should they stay together for the whole day?
"Don't hesitate, just send a message to your manager later and tell him that it hasn't been completed yet and you won't go there today." How could Gu Junhao not see what Zhang Yiru was thinking.
"Okay, you are my client today, I will listen to you." After taking a sip of water, Zhang Yiru suddenly remembered what the manager had just said.
"By the way, our manager just asked you to take out a loan directly to avoid the hassle of various formalities and the need to issue an announcement to disclose your holdings. Why did you refuse?"
"It's not necessary. Maintaining a healthy cash flow is the most important thing. Besides, this is my personal matter, and it's not appropriate to use the company's name."
Gu Junhao did not give the specific reason, but he told the truth. Zhang Yiru's manager suggested taking out a loan in the name of the company and then transferring the money to her personal account through borrowing. The procedures would be much simpler.
"That's right. After all, it's your personal investment. It's not appropriate to use the company's name." Zhang Yiru didn't think much about it. What Gu Junhao said made sense.
"Let's eat. I'm a little hungry." Gu Junhao changed the subject.
…
"Damn it, good news is bad news soon. No wonder the stock price didn't show any movement in the past two days. The main force must have run away in advance."
Tonghuashun closed at 21.82 yuan at noon, and its share price fell by 2.80%, falling below the 5-day line price; at this time, retail investors who had chased in in the morning were cursing in the Tonghuashun stock trading area.
Some investors who previously held Tonghuashun shares and made certain profits also firmly believed in the statement that all good news will be bad news.
And judging from the daily K-line trend, including the adjustments in the three trading days today, Tong Huashun's high point is getting lower and lower. Today's midday closing fell below the five-day line price, making the first-line technical schools believe that Tong Huashun has come to an end.
This also resulted in a significant increase in the turnover rate although Tonghuashun's trading volume remained slightly reduced. At the same time, Dongfang Fortune's stock price rose sharply in the morning, with a 3% increase, which undoubtedly attracted the attention of a large number of people.
Dongfang Wealth has successfully maintained its 60-day average price for four consecutive trading days, and its stock price has regained its bullish trend, and some investors have made huge profits from Tonghuashun .
Quickly switching to Dongfang Wealth, the high and low switching in the same sector also led to the continuous decline of Tonghuashun on the favorable day.
