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The $400 billion tax-exempt Mao share price hit a new low, with a market capitalisation close to a loss of $160 million a day

via:AI财经社     time:2021/11/25 13:03:52     readed:95


On November 25th, "tax-exempt Mao" China's mid-cap market fell nearly 3% to 215 yuan per share, with a total market value of 420 billion yuan. Stretching the K-line, China's share price has lost 46.5% of its value and its total market value has evaporated by more than 360 billion yuan since the all-time high of 402.33 yuan per share at the beginning of the year.

On the news side, China's Central Exempt fell after the release of its third-quarter results. According to the financial report, China's operating income in the first three quarters was RMB49,499 million, up 40.9% YoY, and net profit attributable was RMB8.49 billion, up 168.4% YoY.

However, the company's third-quarter revenue fell year-on-year. Data show that China's third-quarter revenue was 13.97 billion yuan, down 11.7% year-on-year, and its net profit was 3.13 billion yuan, up 40.2% year-on-year. On November 1st, China's Central China Won't stop the decline at 241.61 yuan per share.

From the top ten shareholders of the third quarter report, "hundreds of billions of big man" Liu Yanchun managed jingshun Great Wall emerging growth mix, Jingshun Great Wall Dingyi mix have increased positions, a total of 28.3 million shares, Fujian's richest man, Xinhua boss Chen Fashu reduced to 874.21 million shares. Taking the day's decline into account, Liu Yanchun lost more than $160 million in a single day.

As of the time of writing, China's China Free share price was RMB215.24 per share, with a total market value of RMB420.2 billion. (| AI Finance News Agency Zhao Wei)

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