After the high transfer "big face" Hanwei Electronic report performance big drop 80%

Hanwei Electronics (300007, closing price of 24.84 Yuan) yesterday (August 19) released the Chinese newspaper, the first half of the net profit fell 49.78% Year-on-year, excluding non-recurrent profit and loss after the net profit of only 2.98 million yuan, a sharp decline of 79.84%. As the first listed gem companies, the market soon implemented a 10 to 10 to send the annual allocation of 3 yuan, the industry generally believe that the quality of the unit. And the Han-Wei electronics listed six months after the performance "big Face", the first quarter of a sharp drop in net profit 41.17%.　　Which reported equally ugly, the first half of the net profit attributable to ordinary shareholders was 8.12 million yuan, down 49.78%, excluding the government subsidy of 5.95 million yuan and other non-recurrent gains and losses, net profit of only 2.98 million yuan, a significant decline of about 80%, after the non-recurrent profit and loss of earnings per share is only 0.03 yuan, a sharp decline of 82%.　　For such a bad performance, Hanwei electronic interpretation, due to the increase in operating costs and product internal sales structure changes, gross margin fell 7.1% per cent year-on-year, and in accordance with the business plan to increase upfront investment, management costs and sales costs increased by 58.58% and 86.18% Year-on-year. Han Wei electronic listing before and after is "a". The company's net profit from 2006 's 7.3252 million Yuan rose rapidly to 2008 of 29.6484 million yuan, compound growth rate of up to 101.18%, reflecting a higher growth. October 30, 2009, Hanwei Electronics as the first batch of gem listed company listing. After the IPO disclosed the first periodic report, the Han Wei electron in this year March 5 annual report to be fair, 2009 net profit rose 354100 yuan Year-on-year, deducted the non-recurrent profit and loss after the net profit only up 21.33%. The company also issued a 10 to increase the 10 faction 3 Yuan High transfer distribution scheme. Then the company's stock price went up, in one months time from the vicinity of 45 yuan quickly pulled up to 75 yuan high.　　April 23, the Han Wei Electronics released an unexpected quarterly, the stock price accelerated down, and then fell. "The market circle to the money, the performance advance overdraft, after the face is very normal!" "A fund researcher told the Daily economic news that there are many excuses for changes in performance." In order to successfully search for a listing, many gem companies before listing the motives are very strong. and performance-changing faces are the risks that investors need to beware of when choosing high-growth companies.