Feikai Materials Shareholders Fall by 19,375; Stock Drops 25.78% as Q1 Revenue Rises 24.56%
Feikai Materials reported that as of July 20, its shareholder count dropped to 86,973, a decrease of 19,375 or 18.22% from July 10, marking the second consecutive decline. The stock fell 25.78% since the prior period, closing at RMB 34.70 on July 24, up 4.87% that day. Margin balance declined 22.52% to RMB 1.575 billion. For the first quarter, revenue rose 24.56% to RMB 873 million, net profit increased 9.57% to RMB 131 million, basic EPS was RMB 0.23, and ROE was 2.64%.
Feikai Materials disclosed on July 27 that as of July 20, the company had 86,973 shareholders, a decrease of 19,375 from the previous period (July 10), representing a sequential decline of 18.22%. This is the second consecutive period that the shareholder count has fallen.
As of July 24, Feikai Materials' latest share price was RMB 34.70, up 4.87% on the day, but since the decline in shareholder count, the stock has fallen 25.78% cumulatively. The company's latest margin balance stood at RMB 1.575 billion, of which the financing balance was RMB 1.572 billion. Since the reduction in shareholder count, the financing balance has decreased by a total of RMB 457 million, a decline of 22.52%.
The company's first-quarter report showed that in the first quarter, it achieved total operating revenue of RMB 873 million, up 24.56% year-on-year; net profit of RMB 131 million, up 9.57% year-on-year; basic earnings per share of RMB 0.23; and a weighted average return on equity of 2.64%.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Electronic Chemicals, with intensity 50/100 and 70% confidence over a short term horizon.
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.