Sanan Optoelectronics' $1.18 billion big single did not disclose the news that Sanan Optoelectronics was suspected of violating the regulations. It became a hot news that the major websites rushed to reprint yesterday. This also caused Sanan Optoelectronics to fall into the whirlpool of suspected violations.
According to relevant media reports, on the afternoon of September 8, the 14th China International Fair for Investment and Trade held from Xiamen International Convention and Exhibition Center uploaded a message that inspires all Sanan Optoelectronics (600703.SH) investors: in Anhui Among the 80 billion yuan large orders signed by the delegation and domestic and foreign merchants, Fujian Sanan Optoelectronics Co., Ltd. has monopolized the high-concentration solar system and component production project of Wuhu City with a price of 1.18 billion US dollars. However, regarding any progress of the project, Sanan Optoelectronics will not announce it.
To this end, Sanya Optoelectronics’s Secretary-General Yi Sheng Zeyi said: “If things are true, the company has already announced that the big orders they reported for $1.18 billion are definitely fake. These two days have been receiving such a Phone, I really have a headache."
Yes, as the saying goes, bad things don’t go out and go out for thousands of miles. For a listed company, what he does is affecting the hearts of countless investors. For major events, timely disclosure should be done to avoid adverse consequences.
However, if, as Yi Shengze said, the outside world is false for their suspected large order of $1.18 billion, will the company respond to this incident in time after seeing relevant reports? Lawyer Xu, a senior lawyer of the firm, believes that if the media disclosure incident causes abnormal changes to the company's stock price, then the company will issue an announcement to clarify the truth of the matter. Otherwise, the company will not issue an announcement.
The company has not released a $1.18 billion project announcement
A review of the company’s announcement found that there was no corresponding announcement of a $1.18 billion production project in its announcement. Only on August 3, the company announced the establishment of a joint venture company in the United States. Sanan Optoelectronics said that it will invest 18 million US dollars and the US EMC ORE Corporation (investment of 12 million US dollars) to build a partnership company Sanke Photovoltaic Co., Ltd., and vigorously expand the photovoltaic market. The joint venture will produce a third-generation photovoltaic product, a high-concentration solar cell. The joint venture company is located in the Wuhu Economic Development Zone. In addition, Sanan Optoelectronics and EMCORE Corporation also signed the “Investment Cooperation and Discussion on Ground Application High-concentration Solar Power System and Component Project†with the People's Government of Wuhu City. According to the above, Wuhu Municipal People's Government will provide a series of preferential conditions and policies for the joint venture company; meanwhile, the joint venture company will also invest in the application of high-concentration solar power generation system and component R&D center in Wuhu, and strive to promote it as a country. Level R&D center.
As a main business, it is the production and sales of electronic products and the technology research and development company of the electronics industry. Sanan Optoelectronics cooperated with EMCORE of the United States and established Sanke Photovoltaic Co., Ltd. in Wuhu Economic and Technological Development Zone to engage in the design and research and development of third-generation solar energy technology.
It is understood that the US emcore is the leading supplier of compound semiconductor components required for global fiber optic communication and solar market applications. The main business includes optical fiber communication, solar cell compound semiconductor components and so on. According to the agreement, after the establishment of the joint venture company, Sanan Optoelectronics and emcore will license the relevant technologies to the joint venture company for free.
Some analysts said that at present, photovoltaic power generation at home and abroad are in a period of rapid development. The Sanan Optoelectronics and the US EMCORE are holding hands, and their future development prospects are broad. Moreover, Sanan Optoelectronics' share price trend has also released some expectations to the market in recent days. On August 3, the company issued an announcement to establish a joint venture with a US company. On the same day, the company's share price gapped higher and rose for two consecutive days. The stock price rushed from the 48 yuan on the day of the resumption to the historical high of 53.89 yuan. Subsequently, due to market volatility, the company's share price was once in the consolidation period. Yesterday, when the company was caught in the alleged violation of the letter, the company's stock price opened at a price of 50.99 yuan.
In the face of the storm, nothing can be done
As a leading LED company, Sanan Optoelectronics has been the target of LED concept hype, and its share price rose to a high of 78 yuan on January 20 this year. On September 8th, it should be a good day for Sanan Optoelectronics Co., Ltd., because this day, the State Council held a standing meeting to review and pass the "Decision of the State Council on Accelerating the Cultivation and Development of Strategic Emerging Industries" to determine strategic emerging industries. It will become the leading industry and pillar industry of China's national economy. Among them, the energy conservation and environmental protection industry is included in the key cultivation targets, and as a related listed company that benefits, it should have a better performance in the coming of favorable policies. However, on the same day, Sanan Optoelectronics was associated with a large order of 1.18 billion US dollars. The alleged violation of reports by Tiantianfei caused Sanan Optoelectronics to be controversial. Yesterday's high opening, and ultimately failed to maintain a strong rise at the opening, closing at 3.18% daily, closing at 51.64 yuan.
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