Yulon (2201) holds more than 760,000 shares of Honghua Advanced, which can bring huge benefits after the stock is listed in the second quarter.

The picture shows Yan Chen Lilian, CEO of Yulon Group.

(File photo of this newspaper)

[Financial Channel/Comprehensive Report] The Year of the Rabbit has just begun, and the stock price of Yulon (2201) has been unstoppable. It has risen by more than 16% in two days. On the 31st, it also broke out a large trading volume of more than 94,000. Many investors wondered, the stock price Yulong, who has always been a cowhide, is being strong?

Affected by the reinvestment company Xin'an Tokyo Property & Casualty Insurance's large loss of epidemic prevention insurance, Yulon suffered a loss of 1.98 yuan per share in the first three quarters of last year, and its annual revenue was also the same as the previous year. A strong stock price cannot be associated.

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According to market sources, the biggest highlight of Yulon this year is the joint venture with Hon Hai, "Honghua Advanced Technology" (mainly engaged in the manufacture of electric vehicles). It plans to be listed on the Innovation Board in the second quarter. The shareholding ratio is 49%, and the number of shares held (thousand shares) is about 763,200.

The other 51% is held by Hon Hai (2317).

Yulon participates in Honghua through its subsidiary Huachuang Automotive Technology Center. The holding cost of Huachuang has long been written off by Yulon at a loss. The current book cost is -430 million yuan. In terms of accounting principles, Yulon holds Honghua stock has zero cost, and you can earn one when you sell one.

Honghua currently has no unlisted reference price. There is a saying that the listing price on the innovation board is about 50 yuan. If this price is established, the value of Honghua advanced shares held by Yulon will be as high as 38.1 billion yuan. With Yulon's current capital of 10 billion yuan Converted in yuan, the hidden profit can contribute 3.81 share capital. No matter whether Yulong chooses to record it at one time or recognize it quarterly, it is a big profit. The storm of epidemic prevention insurance has passed. For Yulon this year, the beginning of spring will be The forecast is going to be a good year.

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