Northwest bearing denies involvement in high-speed rail field

Northwest bearing issued a clarification announcement last night, the company has not yet carried out the development and manufacture of high-speed railway bearings, and no plans to engage in the development and manufacture of high-speed railway bearings. The previous three consecutive trading days, Northwest Bearing Co., Ltd. (000595) daily trading.　　Market participants to this analysis, it is precisely because the market is expected to enter the field of high-speed rail, thus encountering hot money.　　Hot money hype?　　The three trading days after the spring festival, Northwest bearings continuously trading, to February 11, the unit reported close to 13.82 yuan/share. From the transaction data disclosed from the exchange, from February 9 to February 11, northwest bearing ranked in the top five trading companies are brokerage department.　　February 9 to February 11, the purchase amount of the first five sales department to buy a total of 144.4 million yuan (at the same time sell 23.6 million yuan), the sale amount of the first five sales department sold the total of 56.707 million yuan (at the same time to buy 43.7865 million yuan). Among them, the Guangdong Securities Liaoyang Democratic Road Sales department, Everbright Securities Shenzhen Shennan Middle Road Sales department, Galaxy Securities Xiamen Mei Hu Road Sales Department, Security Securities, Jiaxing Zhongshan East Road Sales department, Minmetals Securities Shenzhen Jintian Road sales department three days after the Spring Festival (February 9 to February 11) to buy Northwest bearing the amount of the top five, Respectively, 62.4975 million yuan, 29.8153 million yuan, 20.9455 million yuan, 16.971 million yuan and 14.2012 million yuan.　　And these sales office seats also become the main force of the long northwest bearing. In fact, in the January 17 to January 19 before the spring Festival, northwest Bearing in these three trading days close price deviation value also reached 20%, has been the exchange traded abnormal fluctuations.　　At that time, the northwest bearing issued a notice that the market presence of high-speed railway bearings related rumors, the company to clarify this.　　Faced with the risk of delisting however, judging from the stunning performance of the northwest bearing two market, it seems that the investors who are involved in the long term are ignoring the negative information that the northwest bearing faces. Although the stock price is different, the Northwest bearing announcement shows that the company's business situation and the internal and external operating environment has not undergone any major changes recently.　　According to the January 25 announcement, due to the 2010 Northwest bearing product structure change is larger, the contract is tending to the general field, the leading product order is insufficient, the sales price is bigger, at the same time by the original auxiliary material rise and so on factor influence, northwest bearing is estimated that 2010 year loss about 120 million yuan.　　Due to the 2009 northwest bearing loss of 119 million yuan, if the 2010 continue to lose, Northwest bearing will be a loss for two consecutive years, the implementation of risk warning. In addition, the northwest bearing said, Ningxia Pagoda Petrochemical Group (Ningxia Pagoda Petrochemical Group) had been let China Great Wall Asset Management company held northwest bearing 20% of the equity, and become the largest shareholder in the next 6 months without significant purchase, replacement or asset injection and other restructuring plans, At the same time, the company's major shareholder China Great Wall Asset management company in the next 3 months there will be no major asset reorganization, equity transfer, share issuance and other matters.