Xu Xiang’s wife’s stock review “stopped” Tianqi Lithium’s market value lost 21.8 billion in half a day
On July 11, Tianqi Lithium (002466), the leader of the lithium industry, became the focus of the A-share market, and many related entries such as “Ying Ying”, “Tianqi Lithium Industry Response” and “A Shares” rushed to Weibo hot searches. It is understood that Ying Ying, the wife of Xu Xiang, the “first private equity brother”, published a stock review on Weibo on July 10, believing that the price of Tianqi Lithium has been overvalued. Affected by the news, on July 11, Tianqi Lithium was hit by the daily limit, and its total market value evaporated by more than 21.8 billion yuan in half a day. In addition, on July 11, lithium mining stocks experienced a substantial adjustment, and lithium mining stocks such as Shengxin Lithium Energy, Ganfeng Lithium Industry, and Yiwei Lithium Energy followed suit.
Market value fell below 200 billion yuan
On July 11, the share price of Tianqi Lithium opened lower and moved lower. As of noon closing, the daily limit was closed. The total market value fell below 200 billion yuan, and about 21.86 billion yuan evaporated in half a day.
The trading market shows that on July 11, Tianqi Lithium opened 3.38% lower, and the opening price was 143 yuan per share. After the opening, the stock price continued to drop to the lower limit. As of the close at noon, Tianqi Lithium was still at the lower limit and reported the lower limit. The price was 133.2 yuan per share, a drop of 10%, and the total market value was 196.7 billion yuan.
In terms of news, Ying Ying, the wife of Xu Xiang’s “Private Private Equity Brother”, posted a weekly market comment on the account with the id of “Ying Ying_ying” on Weibo on July 10. Weiss Double Tap has peaked and is overpriced.”
Xu Xiang is already a celebrity in the A-share market, and the stock reviews published by his wife are also considered influential by the market. Is Ying Ying’s above-mentioned stock review compliant? Lou Xiaoyun, a lawyer of Shanghai Oriental Cambridge Law Firm, said in an interview with a reporter from Beijing Business Daily that it is generally not illegal to express personal opinions from the perspective of valuation, but if Ying Ying buys Tianqi Lithium shares significantly in the future, it will constitute a violation.
According to Wang Jianhui, an industry veteran, if you publish stock-related comments in public, if it involves professional operations, you must have relevant qualifications. For those self-media or key figures who have professional qualifications and have influence among investors, as long as they do not involve illegal market manipulation, or information disclosure is asymmetric, or malicious concealment is misleading, they will be bullish and bearish. The comments have no compliance issues.
However, industry insiders also remind investors that stock market comments and investment suggestions issued by financial giants and private equity investors need to be viewed rationally, and should not be blindly followed and blindly believed, and should be rationally analyzed based on the company’s fundamentals.
It should be pointed out that on July 11, the lithium mining stocks experienced a substantial adjustment. As of the close of noon on July 11, Shengxin Lithium Energy also fell by the limit, reporting 62.44 yuan per share, a decrease of 10%; in addition, Ganfeng Lithium Industry , Yiwei Lithium Energy fell 7.54% and 6.88% respectively.
First-quarter results increased by more than 14 times
In fact, since the end of April, Tianqi Lithium’s share price has continued to rise, and has doubled its share price so far.
According to Oriental Fortune, from April 27th to July 11th, the cumulative increase in Tianqi Lithium’s range was 124.2%, and the increase in the broader market during the same period was 23.13%, far outperforming the broader market.
The surge in Tianqi Lithium’s share price is indeed supported by its performance. Financial data shows that in 2021, Tianqi Lithium’s operating income will be about 7.663 billion yuan, a year-on-year increase of 136.56%; the corresponding attributable net profit will be about 2.079 billion yuan, a year-on-year increase of 213.37%.
In the first quarter of this year, Tianqi Lithium’s net profit attributable increased significantly, exceeding the net profit attributable to the full year of 2021. Specifically, in the first quarter of this year, Tianqi Lithium achieved an operating income of about 5.257 billion yuan, a year-on-year increase of 481.41%; the corresponding attributable net profit achieved was about 3.328 billion yuan, a year-on-year increase of 1442.65%.
It is worth mentioning that Tianqi Lithium is planning to go public in Hong Kong, which is expected to be the largest IPO on the Hong Kong Stock Exchange this year.
At present, the issuance price of Tianqi Lithium’s H shares has been determined at HK$82 per share. It is expected to be listed on the Hong Kong Stock Exchange and begin trading on July 13. The net proceeds will be used to repay the outstanding balance of SQM’s debt, finance the construction of the first phase of the Anju Factory, repay certain domestic bank loans in China and for working capital and general corporate purposes.
In response to company-related issues, reporters from Beijing Business Daily called Tianqi Lithium’s board secretary office many times for interviews, but no one answered the phone.
Beijing Business Daily reporter Dong Liang Ding NingReturn to Sohu, see more
Disclaimer: The opinions of this article only represent the author himself, Sohu is an information publishing platform, and Sohu only provides information storage space services.