Zotye Auto Hits Five Daily Limits in Eight Sessions, Up 41.92%
Zotye Auto rose by the daily limit on September 17, its fifth limit-up in eight trading sessions, for a cumulative gain of 41.92%. Turnover that day was RMB 1.443 billion, with a 12.72% turnover rate and a 15.05% amplitude. Institutional seats sold a net RMB 25.7892 million, Shenzhen Stock Connect bought a net RMB 26.1251 million, and brokerage seats bought a net RMB 63.0172 million. First-half revenue fell 32.08% to RMB 190 million, while net profit rose 154.36% to RMB 80.3893 million.
Zotye Auto closed at the daily limit on September 17, with a turnover rate of 12.72% for the full session, turnover of RMB 1.443 billion and an amplitude of 15.05%. Data from the trading-desk rankings showed institutions sold a net RMB 25.7892 million, Shenzhen Stock Connect bought a net RMB 26.1251 million, and brokerage seats bought a net RMB 63.0172 million. The top five buying and selling brokerage seats traded a combined RMB 336 million, comprising RMB 200 million of purchases and RMB 136 million of sales, for a combined net purchase of RMB 63.3531 million. Main funds recorded a net inflow of RMB 172 million that day, including a net inflow of RMB 145 million from extra-large orders and RMB 26.8605 million from large orders. Over the past five sessions, main funds recorded a net inflow of RMB 170 million.
Zotye Auto recorded five daily limits in eight trading sessions, for a cumulative gain of 41.92% and a cumulative turnover rate of 85.77%. As of 10:51 on September 17, the stock had traded 530 million shares worth RMB 1.179 billion, with a turnover rate of 10.51%. Its latest total A-share market capitalization was RMB 11.951 billion, and its A-share free-float market capitalization was also RMB 11.951 billion. Margin trading data showed that as of September 16, the stock's margin balance was RMB 273 million, all of it financing balance, up RMB 22.3228 million from the previous trading day, a rise of 8.9% from the prior session. Over the past eight sessions, the balance had fallen by a cumulative RMB 18.8994 million, a decline of 6.47%. Over the past six months, the stock appeared on the trading-desk rankings five times; the day after such appearances, its share price fell by an average of 0.61%, while five sessions afterward it rose by an average of 6.2%.
Zotye Auto's half-year report showed first-half operating revenue of RMB 190 million, down 32.08% year on year, and net profit of RMB 80.3893 million, up 154.36% year on year. Basic earnings per share were RMB 0.0200, and the weighted average return on equity was 51.93%. Zotye Automobile Co. , Ltd. was established on August 31, 1998, with registered capital of RMB 5.042547739 billion.