Big Shareholder Of Yu Li Holdings Increased Its Two Fund In A Big Way.

stay Woori After holding a major shareholder's concerted action, the two funds, such as merchants pioneer, "sneak into" Yu Li holdings. Yesterday's semi annual report was released, and the two investors from China Merchants pioneer group and UBS core venture came to shareholders list, with a total shareholding ratio of 5.35%. It is worth noting that the UBS and China Merchants Fund had gone to the company to investigate during the reporting period. In the context of the first half performance slump of 210% of UF holdings, it was rather unusual for them to rush to raise funds.

Semi annual report shows that the profit of 525 million yuan, 15.09% year-on-year, net profit of -3347.79 million yuan, down 209.5% from a year earlier. According to the products, the gross profit margin of the main spin off products in the first half of this year is -2.99%, down 17.63% from the same period last year. The company said that due to the sluggish demand for the main sales market of clothing textiles, the export growth momentum of China's clothing and textiles slowed down significantly, the demand for spandex market declined, and the spandex industry experienced a difficult business situation, resulting in a sharp decrease in the company's operating income and profits. It is estimated that the demand for spandex will not increase rapidly in the next few years, and the competition will become more intense and the price of raw materials is expected to increase. The profit margins of the spandex business will be further squeezed.

Although the business situation is not optimistic, however, in the two quarter, it attracted agencies to raise funds. According to the shareholders' list, the investment pioneer fund and the national investment UBS core business fund, which did not appear in a quarterly report, were heavily absorbed in the two quarter. At the end of 6, they held 13 million 500 thousand and 100 shares and 8 million 369 thousand and 600 shares respectively, with a shareholding ratio of 3.3% and 2.05% respectively. According to the two quarter weighted average price of 6.55 yuan, the funds invested by two funds were about 88 million 420 thousand yuan and 54 million 820 thousand yuan respectively. According to public information, China Merchants Blue Chip Fund also holds 2 million 20 thousand and 200 shares of Yu Li holdings.

On the basis of fundamentals, the price of Spandex Products has declined significantly since 4 and May last year due to the constraints of market demand, increasing competition and rising labor costs. This led to the 2011 annual sales of urethane holdings. Net profit A sharp decline of 91.68% over the same period. In this year's quarterly and semi annual performance forecast, the company has already indicated that there will be a sharp decline in performance.

Against this background, why did the few companies that were previously favored by the organization have suddenly captured the "heart"?

Back to check out the announcement of the company's interest, most concerned about the market is the company's affiliated party's large holdings. In March 22nd, uni control disclosed that the major shareholder of Shuang Liang technology's concerted action, energy innovation energy, accumulated 8 million 130 thousand shares of the company from December 9th to March 19th this year, accounting for 1.99% of the total share capital, and the average price of the spanaction was 5.25 yuan / share. However, it did not disclose relevant information when the proportion increased to 1%, which constituted a violation. Li innovation energy said at the time, based on the understanding of the overall situation of the capital market and confidence in the company's future development prospects, it intends to share profits from the company's growth by increasing holdings.

According to semi annual report, from March 7th to June 19th this year, a total of 12 institutions went to the field survey of the company. Among them, the first to arrive at the research is the UBS fund management company of China, and at this time, innovation energy is in the process of increasing the holding of the stock holding company; the investment fund's field research time is in May 2nd, that is, after the energy innovation is completed. From the time sequence of research and buying stocks, UBS and China Merchants Fund decided to buy stocks after investigation.

From the two tier market, after the disclosure of related party's holdings, the stock price of the company rose to a high level, reaching 7.36 yuan at the end of 5, and more than 30% in 2 months. After that, the company's stock price fell sharply, and it closed at 5.9 yuan yesterday. Compared with the two quarter stock holding weighted average price, two funds should be in a state of deficit.

It is worth noting that although the spandex product boom has declined all the way, the other main property of the company has not yet been released. The semi annual report shows that the pre-sale situation of the "Shu Du center" urban complex project developed by the wholly owned subsidiary of Yu Li holding company is generally good. Up to the end of the year, the pre-sale amount has totaled 1 billion 614 million yuan. According to the progress of the project and the contract for housing sale, the project will begin to deliver to the Buyers after the third quarter of this year, which means that this project is likely to bring considerable performance contribution this year.

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