The daily limit of Shunxin Agriculture directly made all major Stock Bars lively.
Amidst the cheers, another voice began to emerge.
In East Money Stock Bar, questioning posts began to appear in the comment area.
It's not the kind of aimless blackness, it's the questioning with reason.
Someone pulled out the timeline for Henglong Capital's position--
Henglong Capital entered the top ten of Shunxin Agriculture in the first quarter and Major Shareholder holds 4.99% of the shares. Calculated based on the average price in the first quarter, the cost is about 18 yuan.
The stock price of Shunxin Agriculture began to accelerate in April, almost doubling from early April to late June, and hit 24.61 yuan intraday on April 16.
The net profit in the first quarter report was 366 million yuan, a year-on-year increase of 94.61%, which greatly exceeded market expectations.
"Henglong Capital built the warehouse in the first quarter at a cost of about 18 yuan.
The first quarter report came out, net profit increased by 94.61%, and the stock price jumped directly to more than 26 yuan.
Henglong's floating profit exceeded 30% in one quarter.
Isn't this timing too coincidental?
The announcement hasn't been made yet, the results haven't been disclosed yet, how do they know the first quarter will be so good?"
"It's not insider trading, who believes it?"
Henglong Capital is not an insider of Shunxin Agriculture, so why do they accurately build positions before their performance breaks out?
At this point in time, it's too accurate."
"Check whether there is any relationship between Henglong Capital and Shunxin Agriculture.
If it doesn't matter, then Henglong's research ability is too strong.
If it's related, it's hard to tell."
A user also started a discussion on Snowball.
A user certified as a "professional investor" posted a long post with the title:
"Henglong Capital's Investment: Vision or Insider?"
The post is written very logically and does not draw a direct conclusion, but every sentence guides readers to think in the direction of insider trading.
"Henglong Capital opened a position Shunxin Agriculture in the first quarter at a cost of about 18 yuan.
Shunxin Agriculture reported a net profit of 366 million in the first quarter, a year-on-year increase of 94.61%, far exceeding market expectations.
The question is, why did Henglong Capital buy accurately before the performance broke out?
Are their research capabilities really that strong, or do they know something in advance?
If this is normal investment research, then Henglong's research team is indeed amazing.
But if inside information is obtained in advance, it would be a violation. It is recommended that the regulatory authorities pay attention to it."
This post was popular on Snowball, with many reposts and comments.
Some people support it, some people oppose it.
Supporters think "The timing of Henglong is too coincidental and worth checking",
Those who objected believed that "Henglong Capital's research ability is obvious to all, and Shunxin Agriculture's logic is not a secret.
Baijiu's trend of increasing business volume has long existed, and brokerage research reports have been tracking it since the second half of 2017."
There are also some voices digging into Henglong Capital's previous investment records.
"Every investment of Yunnan Agriculture Group, Bubble Mary, Shunxin Agriculture--Henglong Capital is accurately entered before the company's performance explodes.
When Yunnan Agriculture invested, the price of pigs was at the bottom. When Bubble Mary invested, no one understood Designer Toys. When Shunxin Agriculture invested, Baijiu's business had not yet been fully priced by the market.
If it is vision once and twice and it is so accurate every time, then it is not vision, but prediction of the future.
Unless Zhao Chen has a time machine, how else can you explain it?"
This statement spread quickly in Stock Bar.
Someone began to analyze "Zhao Chen's resume" in a serious manner--
"I was still studying at Zhengfa University before the end of 2016. I suddenly took control of Henglong Group in 2017, and then reduced debt, Rights Issue, and invested. Every step was on point.
This person is either a genius or has special information channels."
But some people also spoke for Zhao Chen: "He is a genius, what's wrong? You have no ability, so you think others must have inside information?"
The debate became more and more intense, and finally someone took action.
Someone in Stock Bar posted. "I have reported Henglong Capital's suspected insider trading to Securities Regulatory Commission.
The evidence is that the time when Henglong Capital opened a position in the first quarter highly coincided with the time when Shunxin Agriculture released its first quarter report. Please check with the regulatory authorities."
There were a bunch of replies below the post.
Some people applauded, some people laughed.
The people who applauded said, "We should check it out, the market needs to be fair.
If there are no problems found, then Henglong is innocent. If there are problems found, then he should be punished."
The sarcastic person said, "You people, if you don't have the ability to make money yourself, you can't see others making money."
If someone has strong research skills, you should report them. What kind of mentality is this?"
It was already afternoon when Chen Xi saw this report message.
She held the phone in front of Zhao Chen, her expression a little nervous.
"Zhao Zong, someone said in Stock Bar that they have reported us with their real names.
The reason is suspected of insider trading - the time of opening a position highly coincides with the release of Shunxin Agriculture's first quarter report."
Zhao Chen took the phone and took a look.
His expression did not change and he returned the phone to Chen Xi.
"Let them report it. We don't have inside information, so what are we afraid of?"
Chen Xi said, "But if Securities Regulatory Commission receives a report, the verification process will be started according to the process.
At that time, we will cooperate with the investigation and provide transaction records, research materials, and decision-making basis.
This process will be cumbersome and time-consuming."
Zhao Chen leaned back on the chair and was silent for a while. Then he spoke.
"First, we have no inside information. Shunxin Agriculture's research report was made by you, and all data comes from public channels--
Brokerage channel research, company public information, and industry statistics. None of it is non-public information.
Second, the time for us to open a position is the first quarter, and the first quarter is March.
Shunxin Agriculture's first quarter report was released on April 28.
When we opened the position, there was no non-public performance information on the market.
Brokerage firms' forecasts are based on channel surveys and public data, and anyone can see this information."
He paused and his voice slowed down a bit.
"Third, if Securities Regulatory Commission really comes to investigate, we will cooperate.
All transaction records, research materials, and decision-making processes can be shown to them.
If there is no problem, there is no problem. Once the investigation is completed, our innocence will be proven."
Chen Xi nodded, but his expression was still a little nervous.
"Zhao Zong, do we want to issue a statement? To clarify?"
Zhao Chen thought for a while.
"No need. Making a statement now is equivalent to telling the market, 'We care.'
The more clarified we are, the more passive we become. When Securities Regulatory Commission comes to its conclusion, if it is innocent, the market will naturally give us justice.
If no one is checking, then there is no need to declare."
Su Wantang came in with tea and put the tea cup on Zhao Chen's table.
"Xiao Chen, do you think anyone will actually report it?"
Zhao Chen picked up the tea cup and took a sip.
"Yes. Of those people in Stock Bar, some really want to be fair, and some are just jealous.
But no matter what it is, when the report letter arrives at Securities Regulatory Commission, Securities Regulatory Commission must handle it according to the procedures.
This is a good thing - after the investigation is completed, our innocence will be confirmed."
Su Wantang didn't ask again.
She stood behind Zhao Chen and looked out the window quietly.
The Shan City outside the window looks a little blurry in the afternoon sun, and the fog has not completely dissipated.
Zhao Chen put down the tea cup, picked up the phone, turned to the link sent by Chen Xi, looked at it twice, and then turned it off.
He put his cell phone on the table and leaned on the back of his chair.
Another thing is running through my mind - not the report, but the stock price.
The first quarter report of Shunxin Agriculture has verified the judgment, and the first quarter reports of Tongce Medical and Pianzaihuang have also been released.
The first quarter reports of these two companies were in line with expectations, and Henglong Capital's investment performance will be more solid in the future.
As for the matter of reporting, leave it to time. Those who are clean will clean up themselves.