Nantong Technology shares plunge nearly 40% executives overweight "self-help"

The company's share price plunged nearly 40% behind, Nantong Technology (600862.SH) executives finally can't restrain, began to "save oneself". May 12, Nantong Science and Technology Bulletin, May 10 to 11th, including Chairman Chen Zhaodong,　　Company 15 senior executives to own funds from the two-tier market in accordance with market prices to buy a total of 553,000 shares, the transaction price between 9.70 yuan to 10.10 yuan, the company's executives this time to buy the company's shares will be locked from the date of purchase for one year.　　The announcement shows that the participation in a total of 15 senior executives, is vice chairman of the relatively large number of overweight, chairman Chen Zhaodong overweight 155,000 shares, Vice chairman Lingwei increased holdings of 121,900 shares, the remaining directors, general manager and other executives increased the number of more than 20,000 shares. Prior to this, Nantong technology non-public offerings were approved news of the company's share price collapse.　　April 23, 2010, the company issued a notice, the company on April 22, 2010 received the relevant approval documents issued by the SFC, approved the company's non-public offerings of not more than 100 million shares. After the news, Nantong Science and technology shares began to cliff-diving. In less than one months before and after the announcement of targeted issuance, the two-tier market in Nantong technology fell by as much as 35%.　　As can be seen, the above executives ' overweight actions began after the company's share price hit a recent low. The same day, by the Nantong Science and technology Gaoriza holding a positive stimulus, Nantong science and technology shares can rebound sharply. The morning stock price soared to 10.66 yuan, during which the highest rise of 9.9%.　　Outlook has come down, the end of the report received 10.24 Yuan, Rose 5.57%. Senior executives "Save" the main "flee" "Nantong technology executives choose at this time to increase the company's stock is to show the outside world, the company does not want the share price plunge again to release positive signals to the outside world. "A brokerage researcher told the newspaper reporter. "This can also be seen as a game with the main market funds."　　"If the average price of more than 9.9 yuan, Nantong Technology 15 senior executives this overweight total cost 5.4747 million yuan." Previously, Nantong technology shares in the 5 trading days from April 26 to 29th in a row plunged, April 28 more to fall off the report. May 4 to 5th after a small rebound of two trading days, May 6 again plunged 9.87%.　　May 7, the lowest in Nantong science and technology plate to 9.23 yuan, the final disc closed at 9.43 yuan, the whole day down 2.58%.　　From the Shanghai Stock exchange of the price of the information revealed that the main market for the fall of Nantong science and technology to kill the major capital funds have the figure of the famous hot money, including the national Letter of the securities Shenzhen, the nine Road Securities business department and Huatai Securities Nanjing Jiefang Road Securities Business Department. April 28, 2010, Nantong Science and technology that day was beaten to stop the board.　　After the data show, ranked in the top five sales department, the above two hot money suicide camps appeared among them, the sale amount is 1.1143 million yuan and 1.0677 million yuan respectively. The SSE transaction data also indicated that Dongxing securities Nanjing HongwuRoad Securities Business Department, National Union Securities Hangzhou Zhongshan North Road Securities Business Department two sales department capital is leading to the stock price diving of Nantong technology main force.　　From April 28, 2010 to April 30, 2010, the above two sales departments fled funds of 13.1204 million yuan and 5.7369 million yuan respectively.　　It is worth mentioning that, in the main capital of the major capital dropped before the shipment, the original stationed in China's fund has been one step, most of the funds have been early departure. Nantong Science and Technology 2009 reported that last year, the fourth quarter, including Wang Yawei pan of China, such as the Chinese market has entered the fund, the fourth quarter.　　Among them, Huaxia revival, China's market selection, China's steady growth, China's strategic selection and the Chinese dividend of the final positions are 8.73 million shares, 3.085 million shares, 1.85 million shares, 1.4999 million shares, 899,900 shares.　　However, Nantong Science and Technology then released a quarterly report of 2010, its top ten circulating stock shareholders, leaving only the Chinese dividend is still in the stick, the other 4 Chinese funds, the figure has long been absent.　　Financial subsidies to support the performance of "façade" before the securities brokerage researchers said, leading to the major market funds to kill the main reason for the fall or with Nantong science and technology business weak, long-term dependence on fiscal subsidies are not unrelated. Prior to that, Nantong technology in April 2008 to achieve the star, by St Tong Branch changed to Nantong Science and technology, and the reorganization of machine tools, real estate, venture capital business, into the so-called "two-industry platform," the development pattern.　　But after the reorganization of the Nantong Science and technology main business has been in a weak state.　　In the first quarter of this year, Nantong Science and technology deduction of non-recurrent profit and loss after net profits-1.9955 million yuan, to achieve earnings per share-0.0069 yuan.　　Prior to that, Nantong Science and technology in 2009 to achieve net profit of 201.9621 million yuan, an increase of 317.84% of the beautiful annual report is also benefited from the credit subsidies. "So far, Nantong technology seems to have to rely on government subsidies to live in the situation."　　The person said. According to its annual report, 2009, Nantong Science and technology received a total of government subsidies of 240 million yuan, which constitute the main source of profit in Nantong science and technology.　　Among them, 2007 Nantong Technology and Nantong Land Asset Reserve Investment Center (reserve Center) signed an agreement, the company is located in Nantong, 23rd Hong Kong Road, land and property, 150 million yuan for the reserve Centre acquisition. Since then, with Nantong real estate prices rose, Nantong Science and Technology September 14, 2009 issued a notice, said the reserve center will purchase price from 150 million yuan to 327.6 million yuan, the increase of 177.6 million yuan became the company's net profit the most important source.　　In addition, the company also received Nantong to support the enterprise reform subsidy of 14.168 million yuan and return to the public company's local tax 40.2449 million yuan. At the same time, the company's main business is difficult to pick up. Nantong Science and Technology 2009 Annual report shows that the company realizes machine tool output value 25268.980,000 yuan, down 25.5% year-on-year. Among them, realize the output value of CNC machine tool 179.5618 million yuan, down 6.06%, NC machine tool output value 66.57%, rise 12.8% compared to a year ago, realize machine tool main business income 296.2177 million yuan, year-on-year decline 15.73%.　　Among them: the ordinary machine tool drops 24.69%, the numerical Control machine tool rises 5.96%. Annual report shows that Nantong technology 2009 gross Profit margin of 12.65%, down 3% year-on-year. and the highest proportion of CNC machine tools, gross margin of only 8.78%. By contrast, Shenyang machine tool (000410. SZ) CNC machine tool gross profit margin of 29.87%, Kunming Machine Tool (600806.　　SH) The overall gross profit margin of the machine tool product is as high as 36.59%. In addition, the company's real estate business is also a weak successor. Nantong Science and Technology 2009 Annual report shows that during the reporting period, the company's real estate business accounted for 55.47% of the revenue of Nantong science and technology main business, higher than its traditional main machine tool 43.78% proportion. At the end of 2009, the accounts for 710 million yuan, the vast majority of the million Tongcheng two period of the sale of the house advance payment.　　Another real estate "Marriott Washington", has not yet opened, the company said its contribution to profits in 2011, will be completed in 2012. However, the above two projects are from the original site of Nantong technology in Nantong area of the plant changes. Therefore, the future of new land reserves from the company is still unknown.