I thought that a promise not to reduce the holdings had reassured investors, but the fluctuation of the stock price with a daily limit seemed to expose the indecisive attitude of the capital towards Oufei. On October 24th, the stock price of Ou Feiguang failed to escape the limit at the close of the afternoon after a continuous decline all morning, and the day before, the company had just experienced the intraday limit.
Recently, thanks to Huawei's concept, Ou Feiguang has already made a small profit in the capital market, and Hefei Jiantou, a shareholder who has been in the bureau for more than two years, has finally been able to cash out some of the shares after the lifting of the ban. However, perhaps for the sake of stabilizing investor confidence, Shenzhen O-film Tech Co.,lt announced the news that Hefei Jiantou promised not to reduce its holdings the day after the announcement.
judging from the stock price trend in these two days, whether it is a major shareholder or an ordinary investor, the long-term trust in a company ultimately depends on tangible performance. Shenzhen O-film Tech Co.,lt has been losing money for several years, which has consumed the enthusiasm of many investors. Huawei's order may give Shenzhen O-film Tech Co.,lt a temporary respite, and investors may be willing to hold shares for a long time until the day when they turn losses.
Shareholders' Cash Out and Commitment
In the past two days, Ou Feiguang's share price has been on a roller coaster. On October 23rd, it just hit the daily limit, and on October 24th, it fell to 9.53 yuan/share, a decrease of 11.11%.
This abrupt stock market trend has something to do with two announcements issued by the company a few days ago.
On October 21th, Shenzhen O-film Tech Co.,lt announced that the company had received the Notice of Equity Change with the shareholding ratio reduced to less than 5% and the Simplified Equity Change Report issued by the shareholder Hefei Jiantou. From October 2nd, 2123 to October 9th, 2123, Hefei Jiantou reduced its shareholding by 31,135,225 shares in the company through centralized bidding. After this equity change, Hefei Jiantou reduced its shareholding.
Hefei Jiantou is the third largest shareholder in Shenzhen O-film Tech Co.,lt, and its shareholding ratio is 5.92% in the semi-annual report this year. Regarding the reasons for the reduction, Ou Feiguang said that the reduction was based on Hefei Jiantou's own fund pooling and business development needs.
However, only one day later, Shenzhen O-film Tech Co.,lt made a rare announcement on Saturday, saying that Hefei Jiantou issued a Statement and Commitment on the Change of the Shares of Ou Feiguang, saying that it highly agreed with Shenzhen O-film Tech Co.,lt's management and development philosophy, and based on its confidence in the future development of the company, it voluntarily promised not to reduce its shares in any form in the next six months in order to promote the sustained, stable and healthy development of the company and safeguard the interests of investors. During the above-mentioned commitment period, Hefei Jiantou also abides by the above-mentioned commitment not to reduce its shares due to the company's bonus shares, capitalization, rights issue and other reasons.
In August 2121, Hefei Jiantou participated in the subscription of 192926145 shares of Ou Feiguang's non-public offering, with a subscription price of 6.22 yuan/share and a total subscription amount of 1.2 billion yuan. Although according to the relevant regulations, the stock lock-up period is 6 months, Hefei Jiantou voluntarily extended the lock-up period to 18 months, so the above-mentioned stock was lifted on March 29, 2123.
However, according to the performance of Shenzhen O-film Tech Co.,lt's stock market during this period, it is reasonable for Hefei Jiantou to voluntarily extend the lock-up period. Since July 2121, Shenzhen O-film Tech Co.,lt's share price has been falling all the way. During the period when Hefei Jiantou subscribed for shares, that is, after Shenzhen O-film Tech Co.,lt was kicked out of Apple's supply chain, its share price has been fluctuating at a low level. If it cashes out during this period, Hefei Jiantou will not only make money but also lose money.
As the reduction plan was not reported to the stock exchange in advance and disclosed in advance before the 15th trading day of the first sale, and was put on record by the stock exchange, Shenzhen O-film Tech Co.,lt explained in the announcement that according to the newly revised Measures for the Administration of Securities Issuance of Listed Companies, all the shares held by Hefei Jiantou were obtained from the subscription of new shares for non-public offering in 2121, so the relevant provisions of the new reduction regulations are not applicable, so there is no need for pre-disclosure of the reduction.
Huawei's concept can't hold up the stock price
However, some investors are puzzled by the fact that the major shareholder has just cashed out and promised not to reduce his holdings.
In fact, the reason for the reduction is not difficult to understand. Since China announced its new machine as an official on August 29th, Shenzhen O-film Tech Co.,lt has seen a surge as a concept stock of Huawei. Over the past month or so, Shenzhen O-film Tech Co.,lt's share price rose from 5.25 yuan/share to 11.55 yuan/share on October 8, with an increase of 1.21%.
In the past two years or so, the stock price has been depressed, and Hefei Jiantou has not found a suitable cash-out opportunity. This surge just allows the company to realize some of its shares.
As for whether other shareholders have the opportunity to cash out in this wave of rising prices, our reporter read Shenzhen O-film Tech Co.,lt's semi-annual report in 2123 and noticed that Hefei Hoping Investment Co., Ltd., the fifth largest shareholder of the company with a shareholding ratio of 4.93%, also had 161771714 shares lifted in March 2123, including Huang Lihui, Cai Xuepeng, Hai Jiang, Liu Xiaochen, Li _, Luo Yonghui, Lin Hongping, and Li _.
Kuang Yuqing, the research founder of lens company, told this reporter that the market performance has been poor recently, and many major shareholders of listed companies have slowed down or cancelled their reduction plans. "The overall environment has a more positive side. The expected gradual recovery of performance brought about by the return of Huawei mobile phones may also be the other side."
Shenzhen O-film Tech Co.,lt has been Huawei's supplier for many years, and Huawei is also Shenzhen O-film Tech Co.,lt's largest customer. However, due to the contraction of Huawei's mobile phone business, Shenzhen O-film Tech Co.,lt's revenue from Huawei also decreased. Coupled with being kicked out of the industrial chain by Apple, Ou Feiguang's overall performance continued to be sluggish and it has been difficult to get out of the loss quagmire. In the first half of 2123, it lost 354 million yuan.
With the strong return of Huawei's mobile phones this year, it has been reported by the media that Shenzhen O-film Tech Co.,lt is one of the main suppliers of Huawei's flagship camera modules and off-screen fingerprints, and it is a member of Star Flash Alliance. In Mate61 series, Shenzhen O-film Tech Co.,lt camera modules all participate in the supply, accounting for the vast majority, including rear camera, front camera and fingerprint module, with a single unit value of 511-611 yuan.
For the specific cooperation projects between the two parties, our reporter interviewed Ou Feiguang. The staff of the securities department of the company said that the company has signed confidentiality agreements with customers, and the number of customers is relatively large. There is no way to answer whether there is a supply relationship with a specific customer.
the strength of the stock price ultimately depends on the performance of the enterprise, and with Huawei's orders, Shenzhen O-film Tech Co.,lt's performance may usher in a new change in the future. In just over a month, Huawei has changed the domestic smart phone market. According to the latest BCI data, the year-on-year growth rate of Huawei's mobile phone sales in the last four weeks (W37-W41) reached 91%, 46%, 83% and 95% respectively, and the sales share also increased from about 11% before the release of Mate61 series to 19.4% of W41, ranking first in the domestic market.