Trainee reporter Li Xueying

Recently, the pace of fund company research has slowed down. According to the investor research announcement disclosed by listed companies, last week, the fund company surveyed a total of 27 companies, of which "medical equipment grass" Mindray medical treatment, "pig grass" Muyuan shares received key attention.

According to the record sheet of investor relations activities released by Mindray Medical on October 22, 613 investment institutions conducted intensive research on the company, including Noan, Nord, Penghua, Pengyang, Ping an and other fund companies. the number of participants reached 1107.

In the survey, Mindray Medical first introduced the operating situation in the first three quarters of 2021. In the first three quarters of 2021, Mindray's total revenue reached 19.392 billion yuan, an increase of 21% over the same period last year. The domestic market achieved rapid growth of more than 40% in the first three quarters. Domestic in vitro diagnosis and medical imaging business both achieved a reverse elastic growth of more than 35% in the epidemic last year. However, the international market declined slightly in the first three quarters. The reason is that the international market began to enter the epidemic order peak in the second quarter of last year, which significantly increased the year-on-year base in the second and third quarters of this year, and the superimposed depreciation of the US dollar by 7.5% compared with the same period last year, putting pressure on the growth of Excluding the influence of COVID-19 's products and exchange rate, the international market also grew by more than 40 per cent in the first three quarters.

Another hundreds of billions of market capitalization company "pig grass" Muyuan shares are also focused on by a number of fund companies. On October 18, 13 fund companies, including Yi Fangda, Huitianfu and Baoying, conducted a survey of Muyuan shares.

Research records show that Muyuan Co., Ltd. sold a total of 26.106 million live pigs in the first three quarters of 2021, including 22.921 million commercial pigs, 2.929 million piglets and 256000 breeding pigs. In the third quarter of 2021, the company sold 8.669 million live pigs, including 8.225 million commercial pigs, 4070 000 piglets and 37 000 breeding pigs. Due to the continuous decline in pig prices in August and September, the company's net profit belonging to shareholders of listed companies after deducting non-recurrent gains and losses in the third quarter was-785 million yuan, and the company's asset-liability ratio was 57.77% at the end of the third quarter. Combined with the first three quarters of the situation, Muyuan shares are expected to produce about 40 million pigs this year. Recently, the number of piglets born in a single month of the company has been maintained at about 6 million.

On October 18, Muyuan shares passed a preliminary plan for a non-public offering to the controlling shareholder, with a total offering amount of no more than 6 billion yuan (including this amount) and an offering price of 40.21 yuan per share. not less than 80% of the company's average stock trading price for 20 trading days (excluding the pricing base date) before the pricing benchmark date. All the funds raised will be used to replenish the working capital, and the major shareholders need to lock up the shares for 18 months.

Some institutions asked about the purpose for which the company chose to increase to the controlling shareholder. Muyuan shares replied that at present, the industry is in a low range of prosperity, and cash flow management is the primary task of the company at this stage. The company's directional additional issuance to major shareholders is a comprehensive consideration standing at the current stage of the company's development to ensure the daily production and operation of the company. At the same time, replenishing capital through non-public offerings will help to optimize the company's capital structure, enhance anti-risk ability, and enhance overall profitability and sustainable operating ability. Muyuan shares also introduced the mobility and salary of the company's employees, industry losses and so on. Shares are up 5.21% so far this year as of Oct. 22.

From an industry point of view, last week, fund companies focused on the electronic components and equipment industry, Xinyichang, Ocean King, Ankorui and other companies in this industry were investigated by more than 15 fund companies.