Editor / Fu Tu Information Wudong
Futu News, December 16 news, Aidewei Construction Group last trading flash crash, fell 85%, today's high opening fell back quickly, as of press time, up 30.91% to 5.76 Hong Kong dollars, the turnover reached 127 million Hong Kong dollars.
Source: Futu Securities
Aidewei Construction has started a soaring model since July 2019, rising sharply from HK $7.39 on July 11 to HK $31.9 on December 12, with a range of 332%. The five-month increase was engulfed in one day. It is worth noting that the liquidity of Edway declined after its listing, and the multi-day turnover in the first half of this year was 0, and the trading was very inactive.
Source: Futu Securities
It is reported that Guangdong Aidewei Construction (Group) Co., Ltd. is a Chinese company that mainly provides indoor and outdoor decoration and design services in China. According to the company's earlier semi-annual report, revenue was 750 million yuan, an increase of 1.48% over the same period last year, and net profit reached 52.896 million yuan, an increase of 2.94% over the same period last year.
Aidewei has acted frequently since July. On May 10, the company issued about 12.5807 million additional domestic shares to Ningbo Lianghuang, raising 78 million yuan. On May 22, the company continued to issue additional shares. Nine subscribers subscribed for a total of 9.5 million domestic shares at 6.2 yuan per share, accounting for 5.66% and 4.12% of the enlarged issued domestic shares and existing issued share capital. 58.86 million yuan was raised this time. The company's two fund-raising directly brought 123 million book funds, which also directly led to the company's profit, with a medium-term net profit of 52.9 million yuan, an increase of 2.94% over the same period last year.
As the company makes a profit, the company's share price continues to rise. And the company's announcement in September triggered a capital spree. On Sept. 9, the company announced that it was considering applying to the China Securities Regulatory Commission to issue A shares of the company, and to apply to the Shanghai Stock Exchange or Shenzhen Stock Exchange for the listing of these A shares.
Without performance support, Aiwei relied on the An announcement to keep hype, the share price more than tripled in a short period of time, and the high share price collapsed instantly, similar to Accor Holdings, another flash stock earlier.
It is worth mentioning that industry insiders said that because there is no limit on the rise and fall of the Hong Kong stock market, the phenomenon of sharp rise and fall of the Hong Kong stock market is more, the risk is greater, investors should pay attention to the risk.