XTEP Was The First Big Shareholder To Pump "&Nbsp".

October 29th, sporting goods in the mainland Brand XTEP Since June 2008 list For the first time since Shareholder "Pumping", He Ruibo, chief financial officer of the company, revealed that there are already well-known investors receiving goods. He said that more than 700 million yuan of cash from major shareholders will be mainly used for investment funds to seek stable returns. The company will increase product categories and increase sponsorship projects in the future to enhance brand awareness.

XTEP announcements show that the large shareholder group has invested 108 million yuan in total price at the price of 6.76 yuan per share, accounting for 4.96% of the total shares and a cash dividend of about 730 million yuan.

Group investment is jointly held by XTEP chairman Ding Shuibo and his sister Ding Meiqing. After the completion of the sale, the group's shareholding will drop from 65.17% to 60.2%.

Affected by the news of the reduction, XTEP shares fell to 6.41 yuan yesterday, down more than 11%, before the closing market narrowed to 7.05%, the whole day reported 6.72 yuan, trading volume by the issuance of shares on the plate, increased to 963 million yuan. It was stimulated by the news that the stock market grew by 25% in the second quarter last Friday. The stock price soared, and this Monday saw a new high of 7.59 yuan, which ended up at 7.23 yuan, which has been on the high side for three consecutive days.

Chen Zhaochang, a senior analyst at Jiayin international consumer industry, believes that the reduction of XTEP's major shareholders is mainly to increase circulation. The news itself is not entirely negative. It is believed that the market has already digested the relevant influence, and the stock price is still promising.

The HSBC Global Research Report said Tuesday that XTEP will increase its earnings from 2010 to 2012 by 5% to 6%, 777 million yuan, 973 million yuan and 1 billion 192 million yuan respectively. It is expected that the compound profit growth from 2010 to 2012 will be 23%. Therefore, the "overweight" rating will be restated, and the target price will be raised from 6.8 yuan to 9 yuan.