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www.LegiEX.com is it good? Do not ignore the performance warning

www.LegiEX.com is it good? The early warning of performance forecast should not be ignored but caught off guard. The former "King of Potash Fertilizer" * ST Salt Lake used a pre-loss announcement to make nearly 70,000 small and medium investors sleepless all night. The company disclosed in the performance forecast that it will lose about 43.2 billion yuan to 47.2 billion yuan in 2019. Investors counted several times before they dared to confirm that there were indeed six zeros.

If the loss of more than 40 billion yuan is finally settled in April, then * ST Salt Lake will surpass LeTV in 2017 and set a record for the largest annual loss for A-share companies.

What is the concept of a loss of 47.2 billion yuan?

At that time, LeTV suffered a loss of 18.184 billion yuan. * ST Salt Lake immediately increased this number by 2.6 times. Taking the company's January 14 closing price of 8.88 yuan / share as a comparison, the basic earnings loss per share is about 15.51 yuan to 16.94 yuan.

* The current total market value of ST Salt Lake is about 23.9 billion yuan, and this loss has almost become a negative 23.9 billion yuan. From the perspective of the entire market, there are about 211 companies with a stock market value of more than 47.2 billion yuan. In other words, nearly 95% of listed companies cannot achieve such a large market value, let alone lose so much.

The total GDP of Qinghai Province in 2018 was only 286.523 billion yuan. This loss directly lost one-seventh of Qinghai ’s GDP.

For such a large loss, the early investors have not made enough psychological preparations. According to the company's third quarter report, although it was also a loss, it was only 80.02 million yuan. Under the background of economic structural adjustment, this loss is still acceptable.

In particular, the company's main business has improved in 2019, allowing everyone to see the expectations and hopes. The company's huge loss is mainly due to the disposal of non-performing loss assets in the reorganization in the fourth quarter. For this non-recurring profit and loss, unless the investors accurately track the company's announcement, it is difficult to detect the huge deficit implicit in it in time.

And the release of this performance forecast undoubtedly sounded the alarm for investors-I have "Lei" already clearly shown to you, but whether there is still two months to coexist and die with the company. You make a choice and wait until the annual report reveals that you have no regrets.

* The case of ST Salt Lake once again reminded investors that they should pay attention to performance forecasts as much as they pay attention to the company ’s annual report. Otherwise, such as * ST Salt Lake, the annual report reveals that the net profit in 2019 will continue to be negative, and it will be suspended from listing for three consecutive years of loss. At that time, investors will have little choice.

With the end of 2019, various listed companies have begun to prepare their transcripts in 2019.

The two stock exchanges will regulate the performance announcements of listed companies in the relevant notices about the annual report work almost every year, urge the listed companies to statutory or voluntary disclosure of performance announcements or performance bulletins, and forward the company to the market in the previous year The main performance situation allows investors to timely understand the company's operating dynamics, grasp the company's potential risks, and make accurate investment decisions.

At present, for different markets, there are different regulations for performance forecast. Article 11.3.1 of the "Stock Listing Rules of Shanghai Stock Exchange" stipulates that listed companies are expected to experience three situations in which net profit is negative, net profit rises or falls by more than 50% compared with the same period of the previous year, and turn profit into profit In one case, the company should make a performance announcement within one month after the end of the fiscal year.

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