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Source: Changjiang Business Daily
Pentium journalist Shen Yourong
Recently, in the A-share market, the concepts of black phosphorus, synthetic biology and new energy battery glue have sprung up, and the share prices of some companies have soared. Ruifeng High tech (300243. SZ) is closely related to these three concepts.
On May 8, in the secondary market, Ruifeng High tech rose by 20%, a strong limit. In the morning of May 9, the stock price rose again.
The K line chart shows that since February 6 this year, the company's share price has risen from the low point of 5.12 yuan/share to 16.21 yuan/share on May 9, a range increase of 216.6%.
On the evening of May 8, Ruifeng Gaocai released the announcement of abnormal fluctuations in stock trading, saying that up to now, dispersant products have been sold in small quantities. The negative bonding agent SBR series has been mass produced and tested to meet the requirements of technical indicators. At present, it is in the stage of market development, customer sample delivery and sample delivery test. The first phase production plant of the negative bonding agent PAA series is under construction (with a capacity of no more than 1000 tons) and is expected to be mass produced in the second half of this year. The above three new product businesses are still in the R&D stage, cultivation stage or initial stage, and the R&D progress, industrialization progress, and market development progress are highly uncertain, which is not expected to have a significant impact on the company's performance this year.
According to the market forecast, if the above three new businesses of Ruifeng High tech go smoothly, the company is expected to break through the development bottleneck in the future.
Ruifeng High tech landed in the A-share market in 2011. The company is mainly engaged in the research, development, manufacturing and sales of PVC additives. Its leading products are: acrylate impact modifier, acrylate processing additives, impact modifier MBS resin, ultra-high molecular weight PVC foaming regulator, impact modifier CPE, and PVC lubricant.
Since 2018, the profitability of Ruifeng High tech has not improved.
According to the data, from 2018 to 2020, the operating revenue of the company was 1.445 billion yuan, 1.213 billion yuan and 1.302 billion yuan respectively, with fluctuations. From 2021 to 2023, the operating revenue of the company will be 1.858 billion yuan, 1.832 billion yuan and 1.776 billion yuan respectively, which will continue to decline in the past two years.
In the above six years, the net profits attributable to the shareholders of the parent company (hereinafter referred to as "net profits") realized by the company were 90.1883 million yuan, 74.5254 million yuan, 85.354 million yuan, 92.8685 million yuan, 61.1387 million yuan and 85.2948 million yuan respectively, which fluctuated frequently. The net profits in 2022 and 2023 were lower than those in 2018, and on the whole, they stopped moving forward.
In the first quarter of this year, the company's operating income was 488 million yuan, up 18.81% year on year; The net profit was 9.7775 million yuan, down 44.71% year on year.
The operation encountered a bottleneck, which made the organization not optimistic about Ruifeng High tech for a time. Wind data shows that from the end of the first quarter of 2017 to the end of September 2023, the total number of shares held by the Fund is up to 4.2643 million shares. However, in the fourth quarter of 2023, the Fund increased its position significantly, and its total shares increased to 13.4089 million shares.
As the controlling shareholder and actual controller, Zhou Shibin is firmly optimistic about the development prospects of Ruifeng High Material. At the end of 2023, Ruifeng Gaocai raised 105 million yuan in fixed increase, which was covered by Zhou Shibin.
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