①The short-term trading of directors and supervisors of A-share listed companies' relatives has been repeatedly banned. According to incomplete statistics, 10 companies were listed in June (with stocks). ②Among them, the short-term trading of directors and supervisors' relatives of Kechuan Technology and Shijiazhuang Kelin Electric both exceeded 10,000 yuan in profit. However, after selling the stocks, the stock prices ushered in a rapid rise.
Cailian Press, June 29th (Editor Ruoyu) Violations of short-term trading by relatives of directors and supervisors of A-share listed companies have occurred frequently. According to incomplete statistics from Cailian Press since June, as of press time, including Lanhua Sci-Tech Venture, Jiangsu Kanion Pharmaceutical, Tianluo Technology, Surfilter Network Technology, Shanghai Sanyou Medical Co., Ltd, Kraussmaffei, Kechuan Technologies, Jilin Jinguan Electric, Shijiazhuang Kelin Electric, and Changhong Huayi Compressor, a total of 10 listed companies have announced violations of short-term trading by relatives of directors and supervisors. See the specific details in the following figure:
It is worth noting that due to involvement in short-term trading, in addition to apologizing and returning trading profits, the directors, supervisors and their relatives of listed companies have been punished. Ming Yang Smart Energy announced on June 26th that the former supervisor of the company, Zheng Weili, received an administrative penalty decision from the Guangdong Regulatory Bureau. After investigation, it was found that from July 1, 2021 to June 7, 2023, Zheng Weili's spouse, mother and children's securities accounts had engaged in behaviors of selling within six months after buying, and buying within six months after selling Ming Yang Smart Energy's shares. The Guangdong Regulatory Bureau decided to give Zheng Weili a warning and a fine of 100,000 yuan.
Among the 10 listed companies with the phenomenon of short-term trading by relatives of directors and supervisors mentioned above, 8 companies have made a profit. Among them, both Kechuan Technologies and Shijiazhuang Kelin Electric, two listed companies, earned short-term trading profits of more than 10,000 yuan. Kechuan Technologies, a domestic manufacturer of consumer electronics and new energy functional devices, announced on June 13th that Wang Lixin, the father of the former supervisor Wang Jie, bought and sold the company's stocks through centralized bidding trading from July 26, 2023 to November 23, 2023, constituting short-term trading behavior. Wang Lixin earned a profit of 13,555.96 yuan from this short-term trading, and as of the date of the announcement disclosure, he had fully turned over the profits from the short-term trading to the company.
In the 10 companies with the phenomenon of short-term trading by relatives of directors and supervisors mentioned above, 8 companies made a profit. Both Kechuan Technologies and Shijiazhuang Kelin Electric, two listed companies, earned short-term trading profits of more than 10,000 yuan.
Regarding the secondary market, Kechuan Technologies had an accumulated maximum increase in stock price of 44.98% from August 29, 2023 to November 20, 2023. After selling the stocks, from December 14, 2023 to January 4, 2024, the company experienced a period of rapid increase in stock price, and the maximum cumulative increase in stock price during this period was 63.53%. On June 3, Zheshang Securities Zhao Gaozhen and others' research report pointed out that the company's core business is the battery functional device, and its products are widely used in the field of consumer electronics and new energy vehicles, covering high-quality customer companies such as ATL, Contemporary Amperex Technology, Unibroad Electronic, Lenovo, Apple, Huawei and Tesla. The company actively laid out businesses such as composite aluminum foil, laser sensors, and light modules. With the recovery of downstream prosperity and the gradual realization of results in new fields, the company's performance is expected to have a turning point.
Shijiazhuang Kelin Electric, which specializes in power transmission and distribution equipment, announced on June 7th that Zhang Dong, the son of the company's director Zhang Chengsuo, bought and sold the company's stocks through centralized bidding from December 16, 2022 to February 7, 2024; Jiaking Shuang, the spouse of supervisor Qiu Shiyong, bought and sold the company's stocks through centralized bidding on December 25, 2023 and December 29, 2023. The above transactions constituted short-term trading. As of the date of the announcement disclosure, Zhang Dong and Jiaking Shuang have fully turned over the profits of the short-term trading, which were 191,500 yuan and 3,650 yuan, respectively, to the company. As for the secondary market, from December 16, 2022 to January 18, 2024, Kelin Electric's stock price accumulated a maximum increase of 83.89%. Afterwards, the company's stock price experienced a doubling growth trend, and as of February 6, 2024, the maximum cumulative increase in the stock price was 171.62%. Kelin Electric announced on June 27th that the tender offer from Hisense Weighing Network has been completed. After the tender offer is completed, Hisense Weighing Network will hold a total of 44.51% of the company's voting rights.
It is worth noting that two other companies' executives' relatives have suffered losses in short-term trading of more than ten thousand yuan. Tianluo Technology, one of the leading companies in the production scale of large and medium-sized light guide panels in China, announced on June 21st that Li Hongjun, a senior management member of the company, and his spouse Zhou Yaqin traded company stocks during June 3-7, 2024, which constituted short-term trading. Zhou Yaqin's short-term trading this time lost RMB 18,464, and there is no situation where short-term trading income should be turned over. As for the stock price, Tianluo Technology's stock price fell by nearly 20% cumulatively in just four trading days from June 3 to June 6.
Shanghai Sanyou Medical Co., Ltd, whose main business is the research, development, and sales of medical orthopedic implant consumables, announced on June 14 that Fang Ying, a supervisor of the company, had violated regulations by buying and selling company stocks during July 21, 2022 to May 31, 2024, which constituted short-term trading. Fang Huaqiang lost a total of RMB 13,895.28 in this short-term trading, and there is no situation where short-term trading income should be turned over. As of the disclosure date of the announcement, Fang Huaqiang held 3,600 shares of the company's stock. In addition, Fang Huaqiang promised not to buy or sell the company's stock within six months from the last purchase or sale of the company's stock. As for the secondary market, Shanghai Sanyou Medical Co., Ltd's stock price cumulatively increased by 144.41% from April 27, 2022, to October 17, 2022, and then the stock entered a range of shocks. From May 29, 2023, to February 5, 2024, the stock price fell cumulatively by up to 62.54%.
