ZTE has sold its national technology four times 289 million

The prospect of mobile payment is largely unknown. Peng Jieyun on the first day of the listing of the "Two Cities," the throne, with a "Gem high growth model" and other reputation of national technology (300077.SZ), in the period of only one months after the ban, the second largest shareholder ZTE (000063.SZ) in the bulk of the trading system of the relentless sell-off.　　ZTE announced today that it has reduced its national technology 4 million shares through the bulk trading system for the fourth time.　　As one of the founders of national technology, why is ZTE so crazy in one months? May 3, 2011, the national technology restricted shares lifted. The 21.76 million shares held by ZTE are listed in full circulation. On the 18th of that month, ZTE passed the bill on the proposed sale of shares in National Technology Limited, saying it would sell the National Technology Stakes at a reasonable price interval. Then in one months time, ZTE divided four times to reduce the national technology shares, a total of about 17.55 million shares thrown, profit 289 million yuan.　　ZTE now holds a 13.55% per cent stake in national technology. Some market participants believe that ZTE's large reduction is to ease the capital tension.　　But the reporter consulted the latest issue of ZTE's report and found no shortage of funds. ZTE's first quarterly report of 2011 showed that the net cash flow (unaudited) generated by the operation of the quarter was 5.526 billion yuan, with a net cash and cash equivalent of 13.709 billion yuan (unaudited) and a good cash flow.　　And the company in the sale of national technical resolution, also simply said that the initiative is to meet the company's strategic development needs and promote the company's main business development.　　One industry researcher told reporters that the reason that national technology was brutally sold by shareholders was largely due to the fact that growth was no longer recognised, particularly the prospect of a mobile payment business. National Technology mobile payment chip and the overall solution, has been regarded by investors as its most explosive profit growth point. Prior to this, national technology has made China Mobile mobile phone payment exclusive Rfid-sim technology supplier qualification. National Technology three big investment projects, the most is based on radio frequency technology security mobile payment chip project, the plan to invest 153 million yuan.　　However, its uncertainty in the mobile payment business has always been a heart-stirring. Since April this year, there has been news that the relevant ministries to call UnionPay and the three major telecom operators, basically clear the near-field payment using UnionPay-led 13.56MHz standard, and China Mobile's leading 2.45GHz program only for closed application environment, not allowed into the financial circulation.　　If the news is conclusive, it will surely be a fatal blow to national technology. In fact, a quarterly bulletin of National Technology has shown unsatisfactory conditions. Earnings show that when the quarter to achieve business income of 171 million yuan, down 8.98%, the realization of net profit of 42.13 million yuan, down 27%, high growth of the bubble has beenFade away. The company said that the first quarter results mainly due to the same period last year mobile phone mobile payment business as an emerging business in a full-scale trial commercial stage, growth is relatively rapid.　　This period due to market and policy uncertainties, the company in this area of business development under certain pressure. A quarterly bulletin published the day, the national technology that is below hundred yuan, then the stock price all the way collapsed, the minimum reached 79.1 yuan. The national technology closed yesterday to 26.6 yuan, the highest price since its listing of 73.3 yuan (after the right to return), a decrease of about 64%.