Kinwong Electronic Drops 7.45% on Dragon-Tiger List, Institutions Net Sell RMB 222 Million
Kinwong Electronic closed down 7.45% on September 1, triggering the Shanghai Stock Exchange's Dragon-Tiger List. Institutional seats recorded a net sell of RMB 222 million, while the top five trading seats saw a combined net sell of RMB 329 million. The company reported first-half revenue of RMB 8.611 billion, up 21.37% year-on-year, with net profit down 7.38%.
On September 1, Kinwong Electronic closed down 7.45%, with a full-day turnover rate of 4.16%, trading volume of RMB 3.674 billion, and an amplitude of 10.27%. According to public information from the Shanghai Stock Exchange, the stock appeared on the Dragon-Tiger List that day due to a daily price deviation of -7.29%. Data from the list showed that the top five buying and selling seats combined traded RMB 1.239 billion, with buy-side transactions of RMB 455 million and sell-side transactions of RMB 784 million, resulting in a combined net sell of RMB 329 million. Institutional dedicated seats recorded a total net sell of RMB 222 million, while the Shanghai-Hong Kong Stock Connect recorded a net buy of RMB 8.7398 million, and trading department seats recorded a combined net sell of RMB 117 million.
Specifically, one institutional dedicated seat appeared as the top seller that day, while the Shanghai-Hong Kong Stock Connect was both the largest buying seat and the second-largest selling seat, with buy-side transactions of RMB 184 million and sell-side transactions of RMB 176 million, resulting in a net buy of RMB 8.7398 million. In terms of capital flows, the stock saw a net outflow of RMB 407 million in main capital that day, including a net outflow of RMB 182 million from super-large orders and RMB 225 million from large orders. Over the past five days, main capital saw a net inflow of RMB 34.2899 million. Margin trading data showed that as of August 31, the stock's margin balance stood at RMB 2.498 billion, with financing balance of RMB 2.492 billion and securities lending balance of RMB 6.0306 million. Over the past five days, the financing balance decreased by a total of RMB 17.8549 million, down 0.71%, while the securities lending balance increased by RMB 3.3822 million, up 127.71%.
The company's semi-annual report, released on August 22, showed that first-half operating revenue reached RMB 8.611 billion, up 21.37% year-on-year. Net profit for the first half was RMB 602 million, down 7.38% year-on-year.