Chengjian Development Hits Daily Limit Up; Q1 Profit Up 279.9% But H1 Loss Expected
Chengjian Development (600266) hit the daily limit up on August 12, with a turnover rate of 5.18% and trading volume of 474 million yuan. The stock reached the exchange's dragon-tiger list as its daily price deviation reached 9.73%. Main capital recorded net inflow of 119 million yuan, and the top five trading seats posted a net buy of 18.74 million yuan. First-quarter net profit jumped 279.9% year on year to 164 million yuan on revenue of 7.807 billion yuan, though the company has warned of an expected first-half loss.
Chengjian Development (600266) hit the daily limit up on August 12, posting a full-day turnover rate of 5.18%, trading volume of 474 million yuan, and an intraday amplitude of 11.11%. The stock appeared on the exchange's dragon-tiger list after its daily price deviation reached 9.73%. The top five buying and selling seats logged combined turnover of 171 million yuan, with buy-side transactions of 94.8 million yuan and sell-side transactions of 76.05 million yuan, producing a net buy of 18.74 million yuan. The Shanghai-Hong Kong Stock Connect special seat was the largest buying seat and the second-largest selling seat, purchasing 25.71 million yuan and selling 19.55 million yuan for a net buy of 6.16 million yuan. Brokerage seats contributed a combined net buy of 12.59 million yuan.
Fund flow data showed main capital net inflow of 119 million yuan during the session, comprising 110 million yuan from super-large orders and 9.31 million yuan from large orders. Over the past five sessions, main capital net inflow totaled 166 million yuan.
In margin trading, the stock's combined margin financing and securities lending balance stood at 473 million yuan as of August 11, including margin financing of 468 million yuan and securities lending of 5.17 million yuan. Margin financing balance rose by a combined 14.63 million yuan, or 3.23%, over the past five sessions, while securities lending balance increased by 386,900 yuan, or 8.09%.
The company's first-quarter report, released on April 30, showed operating revenue of 7.807 billion yuan, up 18.04% year on year, and net profit of 164 million yuan, up 279.9% year on year.