2020 “Yinhua Fund Cup” Sina bank financial planner competition, hot registration. From now on to September 7, you will receive free gift packages worth more than 700 yuan from Guan Qingyou, Luo Yuanshang, Chen Kaifeng and Jian Qi. On the evening of August 18, Kehua Holdings (603161), whose stock price was up and down for three consecutive days, issued a reply to the inquiry letter on abnormal volatility and related Clarification Announcement. < / P > < p > according to the announcement, on the 18th, the company found that on some platforms, the company found that “the production capacity began to release, the existing orders were sufficient, the revenue in the next three years would be doubled, the profit would be 3 times, and the market value of 5 billion would be seen”. The company now clarifies that: the information about the company’s order revenue and annual revenue forecast in the rumor is not true There are uncertainties in the execution of production and sales orders in automobile industry. < p > < p > through the Research Report search platform of multiple financial terminals, the reporter of securities times · e company did not find the original report of “brief logic”. As a a A-share auto parts company listed in January 2018 with a total market value of about 2.4 billion, Kehua Holdings has rarely issued research reports in the past. Coincidentally, China Life Insurance (601628), the leading life insurance company that has been soaring in recent years, has also issued a clarification: the company has noticed market rumors involving the merger of the company with other insurance companies. After verification, the rumor is untrue, and there is no information that should be disclosed but not disclosed by the company at present. According to relevant announcements, it is quite coincidental that the company’s share price changes coincide with the shareholders’ reduction plan. Since August, except for the notice on receiving the first feedback on the examination of administrative licensing projects issued by the China Securities Regulatory Commission on August 4, the other three announcements are related to the reduction of shareholders’ holdings. < p > < p > for example, on August 1, the company issued a suggestive announcement that shareholders holding more than 5% of their shares would reduce their holdings by more than 1%. After the equity change, the total proportion of shares held by Shangqi phase I, Shangqi Zengfu and Yangzhou fund will be reduced from 6.71% to 5.71%. As another example, on August 11, the company released the results of shareholders’ share reduction: as of August 7, the company’s shareholder Fei Jun TA Sheng’s relevant reduction plan was completed. From March 6 to August 7 this year, Feijun tantan Sheng reduced 2.458 million shares of the company through centralized bidding, accounting for 1.84% of the total share capital. < p > < p > then on August 14, the company disclosed the suggestive announcement of changes in shareholders’ equity (belonging to reduction): on August 13, the company received the short form equity change report of Shangqi phase I and its persons acting in concert, Shangqi Zengfu and Yangzhou Fund (hereinafter referred to as “information disclosure obligor”). Before the equity change, the information disclosure obligors Shangqi phase I, Shangqi Zengfu and Yangzhou fund held 9.3299 million shares of the company, accounting for 6.99% of the total share capital of the company. After the reduction from July to August, the total shareholding ratio of information disclosure obligors has decreased to 5%, and the number of shares held is 6.6699 million shares. < p > < p > < p > < p > < p > according to the short form equity change report, the information disclosure obligor disclosed the share reduction plan on June 10 this year. As of the issue date of the report, the time interval of the above reduction plan has not expired, and the implementation of the reduction plan has not been completed. < / P > < p > “in addition to the above share reduction, the total number of shares to be reduced by the information discloser in the next 12 months shall not exceed 6.6699 million shares.” Disclosure of the report. < / P > < p > 1. It is rumored that the profit elasticity of industry recovery and the market share of turbine shell and intermediate shell of the company’s products are predictive data of researchers. The company is unable to obtain relevant data from official channels and confirm it. Please pay attention to the investment risk of investors. The information about the company’s order revenue and annual revenue forecast in the rumor is false. There is uncertainty in the execution of production and sales orders in the automotive industry. The final revenue recognition is based on the actual completion of the order and is recognized in stages according to the corresponding accounting standards during the contract period. Because of this industry characteristic, the company does not take the order amount as the caliber to calculate the revenue. In 2019, the company’s operating revenue will reach 1.623 billion yuan, and in the first half of 2020, the company’s operating revenue will reach 674 million yuan. At present, the production and operation of the company is normal, and there is no information that should be disclosed but not disclosed. In view of the fact that false rumors may mislead investors and affect the normal market order, the company reserves the right to investigate the legal liability of the producers and disseminators of false rumors. < / P > < p > in addition, through the company’s self-examination and written inquiry and verification with the company’s controlling shareholders and actual controllers, the company, the company’s controlling shareholders and actual controllers have no other major events affecting the abnormal fluctuation of the company’s shares, and there are no other major information that should be disclosed but not disclosed, including but not limited to merger and acquisition, share issuance and debt restructuring Business restructuring, asset divestiture and asset injection. < / P > < p > seemingly groundless speculation? So who’s involved? According to the dragon and tiger list of Kehua holdings on August 17, the institutions appeared to buy a seat on that day, with the purchase amount of 12.7604 million yuan, accounting for 3.64% of the total transaction. < p > < p > according to the dragon and tiger list on August 18 (with changes for three consecutive trading days), the top five seats were all business department funds. Among them, Shanghai Meihua road of China Merchants Securities and Shanghai Yincheng middle road of Anxin securities purchased 23.2956 million yuan and 17.1803 million yuan respectively, accounting for 3.78% and 2.79% of the total transaction volume in three days. Similarly, China Life Insurance has also been affected by rumors recently. On August 14 and 17, the company’s share price continued to rise by 5.05% on August 18. < p > < p > according to the announcement of stock changes on August 18, the company and its controlling shareholders have no material information that should be disclosed but not disclosed by the company, and there are no major events that affect the abnormal fluctuation of the company’s stock transactions, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, introduction of strategic investors, etc. < p > < p > for the three consecutive trading days after the day’s trading, the first one is Shanghai Stock connect, with the purchase amount of 680 million yuan, accounting for 7.89% of the total transaction; the second is the customer asset management department of CITIC Securities, with the purchase amount of 107 million yuan; among the top five buying seats, only four are for institutions, with the purchase amount of 92.5953 million yuan; the first one is also Shanghai Stock connect, with the selling amount of 616 million yuan, two The number of institutional seats sold was 70.7815 million yuan and 68.5967 million yuan respectively.