On Sept. 6, the three major A-share indexes rebounded strongly, and the gem surged more than 4%, while the selected layer of the new third board continued its strong performance after the birth of the Beijing Stock Exchange. 66 companies floated red across the board, many stocks staged 30cm ups and downs, and the market capitalization of 66 selected companies soared from 177.6 billion yuan to 223 billion yuan in the last three trading days.
As of the close, Tonghui Information, Kaiteng Seiko, Wuxin Tunnel 30cm rose by the daily limit, while stocks such as Bai Bai, Huayang Speed change, Tongyi Aerospace and other stocks rose more than 20%.
At a time when the selection layer is hot, the relevant securities firms and venture capital companies have followed up one after another. As of the close, Shen Wanhongyuan's share price rose by the daily limit, Citic Construction Investment and Soochow Securities rose more than 6%, and the start-up dark horse rose nearly 4% again.
The "shadow company" of A-share companies with selected shares is also popular with capital. For example, Dinghan Technology has gained 20cm trading limit in the last two trading days, and is now trading at 11.58 yuan per share, up 40% after the company's market value soared to 6.497 billion. The stock, which hit a low of only 4.7 yuan per share this year, has doubled at present.
On the news side, the Dinghan Technology subsidiary holds the Beijing cornerstone venture capital fund share of the layout selection layer enterprises, and other topics have been extensively questioned, which has become the main factor contributing to the soaring share price of the company.
However, Dinghan Technology responded on the Shenzhen Stock Exchange Interactive that Beijing Dinghan Rail Transit equipment and Technical Service Co., Ltd., a wholly owned subsidiary of the company, is a limited partner that holds 7.71% of the Beijing cornerstone venture capital fund, and the company itself does not directly invest in selected-tier enterprises.
Enterprise check APP shows that the Runnong water saving invested by Beijing Cornerstone Venture Capital Fund has entered the selection layer, its shares in Boshen Technology and Vogel Media belong to the basic layer and innovation layer respectively, while Hua Cheng Zhiyun has just been allowed to terminate its application for listing of the selection layer on Sept. 2.
Although the shareholding is negligible, some investors shout "if you have it, you have it".
Judging from the company's performance, the performance of Dinghan Technology this year is not satisfactory.
According to the data, it is a high-tech enterprise engaged in the research, development, supply and maintenance of all kinds of electrified high-end equipment and intelligent information system solutions for rail transit. According to the Dinghan Technology report, the total operating income in the first half of the year was 590 million, an increase of 9% over the same period last year; the net profit returned to the home was 12.412 million, down 50.1% from the same period last year, with a decline of 0.02 yuan per share.
However, benefiting from the "concept" of the selected layer, the stock has risen nearly 60% in the past five trading days, which is full of evil spirit.
In addition, some industry insiders suggested that despite the rising trend of the selected layer, there are nearly 1.7 million investors who can participate, and there is a certain risk.
The data show that the main participants in the selected layer are institutional investors and high net worth individuals, with 1.7 million qualified investors at present, less than 1 per cent of the 190 million investors in A-shares. After three consecutive days of soaring, the overall price-to-earnings ratio of the selected layer company has reached 37.5 times. And many netizens think that in a market where the investor group is not large enough, we should beware of "not enough leeks."