Industry new
The North Mine's magnetic material trends
On February 26th, a reminder announcement that may be used to implement delisting risk warnings made the North Mine magnetic material the only stop-down stock in Shanghai. Recently, the trend of magnetic materials in Beibei has been ups and downs. The good vision of injecting Beibei Electric is intertwined with the cruel reality of ST. The focus of investors' attention is on whether or not the reorganized “distant water” can solve “near thirst”.
* ST fate can not escape
“Our company will announce its annual report in early April, which is already too late in terms of time.” Li Yang, director of magnetic materials at Beibei Mine, said in an interview with the China Securities Journal that although listed companies and investors are looking forward to the acquisition of Beibei Electromechanical However, it has not been able to change the fate of the risk warnings that have been implemented.
On February 26, North Minerals Magnetic Materials announced that the company’s 2011 annual results were in loss. It is expected that the 2012 annual results will continue to be in losses. According to relevant regulations, the company’s shares may be subject to delisting risk warning. This means that for the first time in the past nine years, North Mine Magnetic Materials may wear *ST's "hat" for the first time.
As a rare-earth rare earth permanent magnetic concept stock, the share price of North Minerals' magnetic material climbed to 41.08 yuan in November 2010. However, since 2009, the export volume of magnetic materials has been greatly reduced due to the rapid decline in the consumer market in Europe and the United States. At that time, the loss of the net profit of magnetic materials from North Mine was 49.558 million yuan. Since then, after barely turning losses in 2010, magnetic materials have once again fallen into a quagmire of losses in the past two years. The company expects a net profit loss of RMB 17 million to RMB 23 million in 2012.
With the expected cooling of the concept of permanent magnets and borax borax technology, the current share price of magnetic materials of North Minerals has already fallen to the level of early 2010. On the 26th, due to the risk warning announcement, the North Mine magnetic material fell sharply, and was sealed at the low limit after 10:37, closing at 12.54 yuan. According to public information, the sales volume of the Deqing Sales Department of the Galaxy Securities Co., Ltd., which ranked first in the Sales Department, was only RMB 2.0844 million, which is almost the same as the largest purchase of the Shanghai Securities Wenzhou Yongqiang Road Business Department (1.7794 million yuan).
Looking forward to the performance of new assets
At the beginning of February, North Minerals' magnetic materials planed to restructure 400 billion yuan of North Mine Electromechanical Co., Ltd. to raise 400 million shares. The stock price had a daily limit of two trading days. From the rapturous daily limit to the limit of risk warnings, the performance of Beige's magnetic materials has formed a huge gap.
“The purpose of reorganization is definitely to hope to improve the operating performance of listed companies.” Dong Li Mi introduced that since the competition in the magnetic materials industry is relatively full and fierce, the company will be forced to implement a delisting risk warning for two consecutive years of losses. Shareholders and management are under great pressure, and reversing the unfavorable situation has become a top priority.
Tantalum borax was once the most anticipated bright spot for magnetic materials in the North Mine. In 2010, due to the speculation of thorium borax, the largest increase of magnetic materials in the North Mine was as high as 155.53%. However, the company's clarified production of magnets was mainly ferromagnetic permanent magnets, rather than the rare earth permanent magnet main product - borax borax.
According to the insiders of the North Mine magnetic materials, the company has not given up on the research and development of bismuth borax, and has made some progress, but it still takes time from research and development to industrialization. The immediate reality of *ST's reality shows that the North Mine magnetic material has no time to wait for the technical flowering results.
The plan for the acquisition of Beibei Electromechanical Co., Ltd. shows that Beibei Magnetic Materials intends to issue no more than 40 million shares to specific objects including the controlling shareholder's Bureau of Mining and Metallurgy, and the fundraising will not exceed RMB 400 million for the acquisition of Beibei Electromechanical Co., Ltd. from controlling shareholders. % equity.
In the announcement of the announcement, the company did not disclose the financial data of the North Mining Machinery, which makes it impossible for investors to understand the quality of the injected assets, and therefore it is considered that the asset injection decision has been rushed. In this regard, the North Mine magnetic materials insiders revealed that the disclosure of the restructuring plan in early February, on the one hand is to comply with the requirements of the Exchange, so that timely and transparent information disclosure; the other hand, major shareholders and listed companies are indeed anxious to improve the fundamentals We hope that we can quickly and positively eliminate the dilemma of consecutive years of losses by injecting assets.
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