Secret A Shares Grow The Slowest Listed Companies In History

　　 ST Yu Wan Li Stock trading is frequently "frozen" phenomenon, a few days after the opening of a long time zero turnover. In the past 17 years, ST Yu Wan has accumulated a total loss of 70 million yuan, and its share capital has only expanded 0.43 times, which is the slowest listed company in history.

When other stocks are busy trading, investors in ST Yu Wan Li (600847) may not wake up or sleep. Unprotected sleep Gone.

When other listed companies continue to expand their capital stock and refinance to do their main business, ST Yu Wan Li seems to forget why he came to the capital market.

　 Trading is light and suspect. Suspension

At 9:25 a.m. on September 6th, when the other shares of A share had already generated the price of collective bidding, the quotations of ST Yu Wanli were blank; when 9:30, and other stocks were concentrated and continuous trading, ST Yu Wan Li's timeshare made people wonder if it was suspended. The opening of 6 minutes, zero turnover, turnover of 212 thousand and 200 shares a day, the turnover rate of only 0.24% phenomenon, let the market exclaim strange. In September 7th, the records of the previous trading day were refreshed - zero turnover in 13 minutes, and 181 thousand and 700 shares in the whole day, with a turnover rate of only 0.2%. Not only was the first deal late, even in the middle of the day, ST Yu Wan Li also drew a horizontal line on the timesharing chart for a long time without trading.

In addition to the extreme inactivity of stock trading, ST Chongqing Wanli listed for 17 years accumulated only 10 years of profit, and the profit and loss offset the overall losses. In the past 17 years, the share capital has only expanded by 0.43 times, so far the total share capital is still less than 100 million, becoming the oldest qualification. " Pocket stock "Listed only 17 times a year, and never refinancing, called A share growth" the slowest "listed companies.

In fact, ST Yu Wan Li's "frozen" transaction is not two days. According to China Securities Journal reporter statistics, this year, ST Yu Wan Li only about 24 trading day turnover rate of more than 1% (and no more than 3%), the rest of the trading day turnover rate is mostly below 0.5%. It is understood that one of the provisions of the New York stock exchange for the termination of listing of listed companies is that stock trading volume has shrunk, which is lower than the minimum standard stipulated by the exchange.

It is noteworthy that although ST Yu Wan Li Trading is not active, but the company's share price has continued to rise since June 22nd, from 10.27 yuan per share to 14.07 yuan per share in September 7th, or 37%.

　　 17 year cumulative loss of seventy million

In March 24, 1994, ST Yu Wan landed on the Shanghai stock market, but in less than 3 years, the company began to lose money and lost 13 million 149 thousand and 700 yuan, while the company only made 1 million 645 thousand and 800 yuan in the previous year.

Studying the earnings report of ST Chongqing Wanli listed, we can find that the profit and loss balance of the company in the past 17 years is a loss of 71 million 852 thousand and 400 yuan. Since 1997, the operating profit of ST Yu Wan Li has been positive only in 2000, 2001 and 2004, and the operating profit in the other 11 years is negative.

At the same time, ST Yu Wanli's main business is weak in resisting risks. The company is mainly lead-acid batteries, but the product is facing environmental crisis. In July 7, 2011, the first phase of the company's annual output of 1 million start-up battery projects during the pilot production period, due to part of the process equipment and facilities discharge is not up to standard need rectification, the company said that after the rectification is completed, that is, to the Chongqing Environmental Protection Bureau for application for re examination and acceptance, after acceptance can be resumed production. In November 2009, the supply of natural gas in Chongqing was tight, and the production and operation of ST Yu Wan Li were also deeply affected.

Poor profitability has become an excuse for the company not to pay dividends. ST Yu Wanli listed dividends only in the same year and second years.

The company is also not interested in the expansion of capital stock. It has only been transferred to stock market two times for many years. At the end of 1995 respectively, they sent 1 shares to every 10 shares and 3 shares in every 10 shares in 1996. The total share capital of the company expanded by only 43%, and the expansion ratio of capital stock was at the bottom of all A more than 2000 listed companies. At the same time, ST Chongqing Wanli has not been refinancing since its listing. Over the past 8 years, its debt ratio has exceeded 60%, and the debt ratio in 2010 has reached 85%.