Batian shares up to 700% sold by the chief executive said the Wu long trading system hand mistake

Batian shares (002170).　　SZ) did not get rid of the fate of shareholders reduction.　　Shortly after the announcement of the annual report's net profit of 700% to 750%, Batian Wu Yihui and Huang Linhua, the company's fourth-largest circulating shareholder, began selling shares. Wu Yihui to "Huaxia Times" reporter said: "The reduction is for personal reasons, does not mean that the company's future is not optimistic." "However, a private-equity person who declined to be named said:" As a company insider, executives must be more aware of the company's operating conditions, and the Batian shares in the two-tier market in the recent performance, this reduction is a sensible point of view.　　"2010 of the good days have always been low-key Batian shares in the second half of 2010 received a lot of attention, and this is mainly caused by a big increase in performance. August 26, 2010, Batian shares announced semi-annual report.　　The first half of the company's operating income of 703 million yuan, an increase of 8.33% per cent, attributable to the listed company's shareholders net profit of 34.9602 million yuan, growth of 212.68%; It is from this time, the market funds also slowly favor this only to the research and development of compound fertilizer products, production and sales of the main business of the stock.　　In the three quarter after this, Batian shares trend has been stronger than the trend.　　As of October 25, 2010, Batian shares issued three quarterly reports, and is expected to be 2010 attributable to the listed company shareholders net profit between 84 million-90 million yuan, an increase of 700%-750%.　　For the reasons for the increase in performance, Batian shares said, on the one hand, because of the increase of high content Batian compound fertilizer series production and sales; On the other hand, the company through product innovation to improve the gross profit margin of the higher level of water-soluble fertilizer sales. "We have made some adjustments to the industrial structure, stop selling those unprofitable products and increase the sales of some products with relatively high profits."　　Wu Yihui to reporters that the major reasons for the increase in corporate performance also include 2009 years of low performance data.　　Difficult to prevent performance fluctuations but may have been overdraft performance high growth, Batian shares in the market after the performance is not outstanding. "In fact, Batian is a sales company, its production capacity is not a bright spot, it can be said to be relatively transparent."　　"A brokerage analyst, who declined to be named, told reporters that the Batian stake was heavily influenced by the price of raw materials because of the need to buy a lot of raw materials. "The stampede is important for Batian shares," the analyst said. If you buy a large amount of raw materials in advance, then the price of raw materials will rise, its performance would be better; "Review 2009 years, affected by the financial turmoil, the compound fertilizer industry average price continues to decline, Batian shares of the channel dealers purchase quantity and unit price are down." Annual report showed that the company's annual operating income of 1.418 billion yuan, down 20.31%; Net profit 8434,300 yuan, down 87.03% year-on-year, earnings per share of 0.028 yuan, down 86.67% year-on-year. However, even if the 2010-year industry has become much better, the Batian stake is still not the focus of analysts ' eyes.　　Press access to public information, found that the three quarterly publication, only a letter to the securities of its published research reports. "It can be said that the 2009 Batian shares are not how to make money, earnings per share less than Sanmao, so even 2010-year performance Rose 7 times times, the earnings per share is not more than two cents." In the chemical industry in the 2010, the stocks that reached this standard were a handful.　　said the analyst.　　Indeed, with the Jingzheng of chemical fertilizer manufacturing industry as an example, its three quarterly report shows that 2010 1-September, the company's total operating income of 4.324 billion yuan, an increase of 37.06%, net profit of 261 million yuan, the year-on-year growth of 41.15%; earnings per share of 0.37 yuan, an increase of 19.35%. For performance fluctuations, Dong-Wu Yihui seems to have some grievances, he said: "Performance volatility is a complex chemical fertilizer enterprises common characteristics, and only the company's problems." "Indeed, Huatai Securities, an analyst who declined to be named, said to reporters:" Pure to do compound fertilizer in the market concern is not high, performance with the season fluctuation is very large, enterprise profit margin is not high, especially do not do elemental fertilizer, cost control ability is limited.　　"Executives responded to the Black Dragon deal January 4, 2011, and a Batian stake was put on the cusp. Batian shares on the day of the announcement, December 29, 2010, the company's vice president, Dong-Wu Yihui commissioned brokers through the SSE trading system to reduce their holdings of the company's IPO ban restricted shares, due to the wrong operation, in the sale of shares mistakenly put a certain amount of sales instructions incorrectly entered as a purchase order,　　The result appeared the same day sold shares 453,600 shares, the average price of 16.99 yuan/share, buy 20100 shares, the average price is 16.98 yuan/share.　　It is worth mentioning that the provisions of article 47th of the Company law are "directors of listed companies, supervisors and senior managers, shareholders holding more than 5% per cent of the company's shares, will buy the shares of the company within 6 months after the sale, and the proceeds shall be returned to the company and the Board of Directors of the company should recover the proceeds".　　Therefore, after selling and buying a toss, the "Oolong" transaction was qualitatively violated, Batian shares will be the transaction profit of 201 yuan to the company. "I was in a meeting, commissioned by the broker operation, want to sell a part of the price of about 17 yuan, the result of a single knock wrong."　　"When it comes to this, Dong Wu Yihui appears very calm, and in his view, such a mistake is not difficult to understand." And Wu Yihui is in sync with the company's fourth largest circulating stock shareholder-Huang Linhua. From December 22, 2010 to December 29, 2010 closed, Huang Linhua cumulative reduction of 9991.588 shares, accounting for the company's total share capital of 3.28%, reduce allPrice 16.34 yuan/share. In response to some of the outside questions, Wu Yihui to our correspondent: "In fact, this is since 2007, as the company listed since the first time I reduce, is also within the rules of things." The reduction of shares in some companies does not represent a blank view of the company's prospects, but for personal reasons.　　"Q&a q= Huaxia Financial a= Securities analyst Guo Jing Pu Q: The company 2010 Annual report of a large increase, whether with the industry boom?" A: Indeed, the 2010 fertilizer industry fared better than the previous two years, especially in the fourth quarter of 2010.　　In this case, Batian shares have a higher gross margin, after the performance is also more good-looking.　　Q: How to look at the growth of the company? A: I have been to the company research, Batian shares is the most outstanding compound fertilizer enterprise, successfully occupied the domestic water soluble fertilizer development commanding heights, its water soluble fertilizer and irrigation Fertilizer series also take the technology leader to stand in the forefront of the industry. At present, the Batian of water-soluble fertilizers and the application of "trinity" of irrigation fertilization have been carried out smoothly, according to our previous report model, we infer that the 2011-2012 water-soluble fertilizer production and sales reached 9,000 tons and 18,000 tons respectively, creating a gross margin of 46 million, 93.6 million yuan,　　Is the company's profit growth point in the next three years.　　Q: What do you think of the Batian shares ' performance fluctuations in the industry? A: Because the compound fertilizer industry is mainly through the "processing" of production, volatility is indeed a problem.　　Relatively speaking, the technology is leading, and the Batian stock with high gross margin has been in the forefront in this industry.　　Future judgment big shareholder reduction not change strong trend Batian shares annual report 700%-750% announcement on October 25, 2010, the market performance was very good, its shares on the day to 14.33 Yuan closed, 11 transactions, its stock price of 16.73 yuan. Oddly enough, after a 155 million-dollar deal on December 29, 2010, the trend has suddenly turned strong.　　December 31, 2010, Batian shares rose more than 7%, 2011 New Year's Day after the trading session still upward breakthrough, January 6, Batian shares to 18.31 yuan to collect. In mentioning this matter, the recent reduction of the company's shares of the Dong Wu Yihui also slightly pleased to reporters: "The capital market, Batian shares do not appear to be large shareholders to reduce the impact of the company's shares, the trend was strong." "Good fundamentals are expected to support the early strength of Batian shares, its further strength in the bulk of the transaction, it is the chip further concentrated, the market operation funds long desire more strongly embodiment, after all, to achieve greater interest, then, after the bulk of the trading price should not be an abrupt halt, but a higher level. Wu Guoping, chairman of Guangdong Danone Investment Management Co., Ltd. (Yang Zhouqing)