Sweeping goods on the dips, Sanan Optoelectronics won more than 7 million yuan to increase the holdings of five senior executives

After the share price suffered a downswing, Sanan Optoelectronics executives could not withstand their inner impulses and began to sweep the bargain. Five executives spent more than 7 million yuan to increase their stocks.

Sanan Optoelectronics announced on the evening of December 4 that the company received five directors and senior management personnel from Qi Hongzhu and notified that it bought the company's stock through the Shanghai Stock Exchange's securities trading system. Among them, director Hong Hongzhu bought 173,700 shares, director and executive deputy general manager Wei Daman bought 139,000 shares, financial director Huang Zhijun bought 104,600 shares, deputy general manager Lin Hai bought 100,000 shares, and deputy general manager Guo Zhigang bought 10.41 million shares.

The above-mentioned five people increased their holdings by 621,400 shares, and the price range of the increase was 11.16 yuan to 11.51 yuan, with a total investment of more than 7 million yuan. The directors and senior executives of the above-mentioned companies all said that buying shares of the company is a personal act. Based on the current development of the company and its continued development in the future, the purchased shares will be locked in accordance with the relevant provisions of relevant laws and regulations.

On December 3, the broader market continued to explore and hit a new low in four years. Sanan Optoelectronics opened lower and went low throughout the day. The stock was hit on the daily limit and the stock price hit a seven-month low. The data of the Dragon and Tiger charts showed that nine institutions including “institution-only” seats and “Haitong Securities Company Headquarters” and “Guoxin Securities Client Asset Management Department” joined the day’s killing.

On December 4th, Sanan Optoelectronics became a target of attention on the block trading platform. On the same day, the company sold 20.085 million shares at a price of 11.49 yuan, with a turnover of 230 million yuan. The seat for purchase is Haitong Securities Shenzhen Huafu Road Sales Department. The sales attendance is the securities business department of CITIC Jiantou Securities Beijing Dongzhimen South Street.

Fundamentally, due to the overcapacity of the LED industry, Sanan Optoelectronics' performance was unsatisfactory. The net profit for the first three quarters was 667 million yuan, of which the government subsidy included in the current profit and loss was 330 million yuan, after deducting non-recurring gains and losses. The net profit was 404 million yuan, down 12.5% ​​year-on-year. The company's cash flow from operating activities in the first three quarters also deteriorated from 636 million yuan in the same period last year to -227 million yuan.

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