Thought a commitment not to reduce the holdings of investors have eaten pills of determination, but a stop a stop stock price fluctuations seem to expose the capital of the Ou Feiguang indecisive attitude. October 24, Ou Feiguang shares after a morning of continuous downward, to the afternoon close or failed to escape the fate of the stop, and the day before, the company just experienced a stop in the plate.
Recently by the Huawei concept of good, OuFeiguang had been in the capital market a small fortune, in the bureau of more than two years of shareholders Hefei Jiantou can finally cash in the stock after the release of part, but perhaps out of the consideration of stabilizing investor confidence, reduce the announcement of a day after the announcement of the OuFeiguang and announced a commitment to Hefei Jiantou not to reduce the news.
From the two days of the stock price trend, both major shareholders or ordinary investors, a long-term trust in a company ultimately rely on real performance. Ophir continues to lose money for several years, has consumed a lot of investor enthusiasm, Huawei's order may allow Ophir to get a temporary respite, to the day of reversal of losses, investors may be willing to hold the stock for a long time.
Shareholder cash and commitment
In the last two days, Ophiuchi shares like a roller coaster, October 23 just plate touched a halt, October 24 and fell, closing at 9.53 yuan / share, down 10.01%.
Such an abrupt stock market direction, and the company recently released two announcements are not unrelated.
On October 20, Oufeiguang announced that the company received from the shareholder Hefei Jiantou issued a "letter of notification of changes in equity on the percentage of shareholding down to less than 5%" and "short-form report on changes in equity," from October 12, 2023 to October 19, 2023, Hefei Jiantou through the centralized bidding trading mode of the company's shares by a total reduction of 300,352,525 shares, the company's shares. After this change of interests, Hefei Construction Investment holds 162890820 shares of the company, accounting for 4.999998% of the company's total share capital, and is no longer a shareholder holding more than 5% of the company's shares.
Hefei JIC is the third largest shareholder of Ophiuchi, and this year's half-yearly report shows that its shareholding is 5.92%. For the reason of the reduction, Oufeiguang said, the reduction is based on the Hefei JIC's own capital coordination and business development needs.
However, after only one day, Ophiuchi rare announcement on Saturday that Hefei Jiantou issued a "on the changes in the shares of Ophiuchi and commitment", said it highly agree with Ophiuchi's business and development philosophy, based on the company's future development of the confidence in the company in order to promote the company's sustained, stable, and healthy development, and to safeguard the interests of the majority of investors, voluntarily committed to the next six months, and will not in any form reduce its shareholding in Ophiuchi within the next six months. Based on his confidence in the future development of the company, in order to promote the sustainable, stable and healthy development of the company and safeguard the interests of investors, he voluntarily undertakes that he will not reduce his shareholding in the next six months. During the above commitment period, due to the company's bonus shares, capitalization, allotment of shares and other reasons for the increase in shares, Hefei Construction Investment also comply with the above commitment not to reduce the holding.
Hefei Construction Investment in August 2021 to participate in the subscription of Oufeiguang non-public offering of 19,292,660,045 shares, the subscription price of 6.22 yuan / share, the total subscription amount of 1.2 billion yuan. Although the stock lock-up period is 6 months according to relevant regulations, Hefei Jianzhu voluntarily extended the lock-up period to 18 months, so the above shares have been released on March 29, 2023.
But based on the stock market performance of Oufeiguang during this period, it makes sense that Hefei Jianzhu voluntarily extended the lock-up period. From July 2020 onwards, Ophiuchi's share price has been all the way down, in the Hefei Jianzhu subscribed to the shares of this period of time, that is, after Ophiuchi was kicked out of Apple's supply chain, its share price is more has been in the low shock, if the cash during this period of time, Hefei Jianzhu not only can't make money but also will lose money.
Because the reduction of shares is not in advance in the first sale of 15 trading days before the stock exchange report and pre-disclosure of the reduction plan, and by the stock exchange to be filed, OuFeiguang in the announcement to explain that, according to the newly revised "listed companies securities issuance management approach", Hefei JianTou held all the company's shares in 2021 to participate in the subscription of non-public issue of new shares from the proceeds of the company, does not apply to the Therefore, there is no need for pre-disclosure of share reduction.
Huawei concept can not support the share price
However, the major shareholders have just cashed out and promised not to reduce their holdings, or let some investors puzzled.
In fact, the reason for the reduction is not difficult to understand, since August 29, Huawei official announcement of the new machine, OuFeiGuang as a Huawei concept stock has risen a wave. Over the past month or so, Ovation's share price rose from 5.25 yuan/share to a maximum of 11.55 yuan/share on Oct. 18, a rise of 120 percent.
In the past two years of low share prices, Hefei has not been able to find a suitable opportunity to cash, this wave of soaring just enough to allow the company to liquidate some of its shares.
As for other shareholders in this wave of upsurge there is no opportunity to cash, this reporter looked through the half-yearly report of Ophiuchi 2023 noted that the company's shareholding ratio of 4.93% of the fifth largest shareholder of the Hefei Heping Investment Company Ltd. also has 160,771,704 shares of stock released from the restriction of sale in March 2023, Huang Lihui, Cai Xuepeng, Haijiang, Liu Xiaochen, Li _, Luo Yonghui, Lin Hongping and Zeng Zhaohao, the additional shares and restricted shares held by the shareholders will be released from lock-up on November 8, 2023.
Lens company research founder Situ Yuqing told this reporter that the recent poor performance of the broader market, many listed companies, major shareholders have slowed down or canceled the plan to reduce their holdings, "the general environment has a more positive side, Huawei cell phone return, bringing the performance of the gradual recovery of the expected, and may also be another side."
Opheon is Huawei's supplier for many years, Huawei is also the first big customer of Opheon. However, due to the contraction of Huawei's cell phone business, Ophiophoton's revenue from Huawei has also been reduced, coupled with Apple kicked out of the industry chain, Ophiophoton's overall performance continues to be sluggish, it has been difficult to get out of the loss quagmire, and in the first half of 2023, a loss of 354 million yuan.
With the strong return of Huawei's cell phone this year, a previous media report said that Ophiophoton is one of Huawei's flagship model camera module and under-screen fingerprints and other components of the main supplier for the Star Flash Alliance member units, in the Mate60 series, Ophiophoton camera module all involved in the supply, and accounted for the vast majority of the share, including the rear camera, the front camera, and the fingerprint module, single unit The value of a single unit is 500-600 yuan.
For the two sides of the specific cooperation projects, this reporter interviewed the Ophiophoton side, the company's securities department staff said that the company and the customer have signed a confidentiality agreement, the number of customers is also relatively large, there is no way to answer whether there is a supply relationship with a specific customer.
The firming of the stock price ultimately depends on the performance of enterprises to support, and with Huawei's order, the future performance of Ophiuchon may usher in a new shift. In just over a month's time, Huawei has already made changes to the domestic smartphone market pattern. BCI's latest data show that in the last four weeks (W37-W40) Huawei's year-on-year growth in sales of cell phones reached 91%, 46%, 83% and 95%, respectively, and the share of sales grew from about 10% before the release of the Mate60 series to W40's 19.4%, jumping to the first in the domestic market.