Original title: Cross-border investment in coal futures with a floating loss of nearly 70 million yuan, Haoyue care receipt supervision letter
Known as the “first share of diapers,” Haoyue Nursing’s announcement surprised investors. As a well-known domestic personal hygiene and care products company, futures investment has caused a substantial loss of nearly 70 million yuan. As of the close on October 13, the company’s share price was 49.86 yuan, a 8.35% drop in a single day.
According to the announcement, Jiangsu Haoyue, a subsidiary of Haoyue Nursing, invested a total of 153 million yuan in futures accounts, accounting for 5.49% of the company’s audited net assets in 2020; accumulated losses (including floating losses) of 69,341,500 yuan, accounting for the company’s 2020 The audited net profit ratio was 11.52%. As of October 11, Jiangsu Haoyue futures account also held 310 lots of 2201 coking coal contracts, with a floating loss of 24,163,200 yuan; 10 lots of coking coal 2111 contracts, with a floating loss of 501,900 yuan; 579 lots of coking coal 2201 contracts, with a floating loss of 28,827,300 yuan.
The huge investment loss of Haoyue Nursing Futures is related to shorting coke futures and coking coal futures. Judging from the announced futures investment situation, after the company continued to invest an additional 5 million yuan in July, it lost 3.6314 million yuan that month, with a cumulative floating loss of 2.5952 million yuan; an additional 60 million yuan investment was added in August, and the floating loss increased to 1419 at the end of the month. In September and October, Jiangsu Haoyue added another 40 million yuan and 40.1 million yuan respectively, but the loss continued to expand, resulting in a final loss of nearly 70 million yuan. “Futures investment is highly risky, and its returns are extremely uncertain. Based on the current actual situation, Jiangsu Haoyue decided to terminate futures investment in an orderly manner, no more capital investment, no increase in futures positions, and a cautious decision on current positions. Choose opportunities to lighten up and close positions, and terminate the futures business as soon as possible. The company will continue to focus on the main business in the future.” Haoyue Nursing said. The Shanghai Stock Exchange also issued a regulatory work letter to Haoyue Nursing on matters related to the company’s subsidiaries investing in futures. The semi-annual report shows that Haoyue Nursing’s revenue in the first half of the year fell 21.72% year-on-year, and its parent net profit fell 48.76% year-on-year.
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