In the last week before the Spring Festival, the A-share market will see a market value of over 48 billion yuan lifted.
Next week, A-shares will be lifted from restrictions, with a market value exceeding 48 billion yuan
According to Securities Times Data Treasure, in the last week before the Spring Festival (February 5-8), 52 listed companies in the A-share market will experience the lifting of restricted shares. Based on the latest prices of individual stocks, the total market value of 52 shares after being delisted is 48.037 billion yuan.
From the perspective of the scale of lifting restrictions, Yangtze Power's lifting of restrictions has the highest market value, with a total of 11.192 billion yuan, and the type is targeted issuance of institutional shares, accounting for 1.88% of the total share capital. Subsequently, China Gold, Chongqing Bank, Baoming Technology, and Huahong Company were lifted from restrictions with a market value of over 3 billion yuan. Except for Huahong Company, the remaining three shares were restricted shares of the original shareholders of the IPO, while Huahong Company was a general and institutional placement share of the IPO.
Changjiang Electric Power is the global leader in hydropower. The company has released its 2023 performance report, achieving a net profit attributable to shareholders of 27.389 billion yuan, a year-on-year increase of 15.44%, mainly due to a year-on-year increase of 14.015 billion kilowatt hours in the power generation of the company's six cascade power stations. The company hit a new high in stock price on February 2nd, reaching 24.52 yuan per share during trading and closing at 24.28 yuan per share.
The unblocked shares this time come from Yunnan Energy Investment and Sichuan Energy Investment, the top ten shareholders of the company. Both companies hold 230.4806 million shares of Yangtze Power, corresponding to a market value of 5.596 billion yuan after the lifting of restrictions. The unblocked shares originated from the company's major asset restructuring in February 2023, when the issue price of the shares was 17.46 yuan per share. Based on the latest price of 24.28 yuan per share of Yangtze Power, the book floating profit of Yunnan Energy Investment and Sichuan Energy Investment will both reach 1.572 billion yuan.
Compared to market value, the lifting ratio (the proportion of lifted shares to total share capital) better reflects the impact of lifting restrictions on individual stock prices. Among the 52 shares mentioned above, a total of 16 shares have a lifting ratio of over 10%. Poly Jie and Heng Erda have the highest rates of lifting restrictions, with 74.56% and 70.42% respectively; There are also companies such as Yirui Biotechnology, Li Ziyuan, and China Gold with a lifting ratio of over 50%. Among the 16 shares, the majority of them are restricted shares for initial public offerings, while only 4 shares from Hongchuang Holdings, International Medicine, Wuzhou New Year, and Jinma Amusement are restricted shares for private placement institutions.
The proportion of individual stocks listed on the Beijing Stock Exchange, including Baoli Jie, lifted the ban, was the highest at 74.56%. The company focuses on oil fume purification equipment and is one of the leading enterprises in the industry. Since November 2023, the stock price has experienced a significant increase, with a cumulative increase of 41.25%, and the maximum increase during this period is approaching 140%. Hengerda ranks second with a lifting rate of 70.42%. The company mainly engages in the research, production, and sales of metal cutting tools. Currently, it has developed intelligent CNC equipment such as CNC fully automatic circular sawing machines, flexible material intelligent cutting machines, high-speed CNC band sawing machines, CNC machining centers, etc.
In addition, there are more than ten shares including Xiangxin Technology, Guotai Junan, Maijie Technology, and Anbotong. This week, they will receive the lifting of restrictions on equity incentive general shares or equity incentive restricted shares, with the lifting ratio being less than 0.5%. Generally speaking, the shareholders of restricted shares with incentive properties are relatively dispersed, and the impact of lifting restrictions on stock prices is relatively limited.