pennmag3515| Quartz's parent net profit fell by more than 80% in the first quarter, and relatives of senior executives traded short-term shares in the company.

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Source: bread Finance

Recently, quartz shares disclosed the first quarterly report of 2024. The company achieved revenue in the first quarter of 2024Pennmag351594 million yuan, down 67% from the same period last yearPennmag3515.82%; the net profit returned to the mother was 158 million yuan, down 80.7% from the same period last year.

Quartz shares were listed on A shares in 2014, and the company raised a total of 721 million yuan through IPO, convertible bonds and other financing methods.

Bread financial analysis found that quartz shares Dong Jiangao has reduced the company's shares by a total of more than 100 million yuan since 2020.

The net profit of homecoming fell by more than 80% in the first quarter compared with the same period last year.

Quartz shares is a silicon resources deep processing enterprise integrating scientific research, production and sales. Its main business is the production, R & D and sales of quartz products. The main products are middle and high-end quartz tubes, quartz rods, high purity quartz sand and its including quartz crucibles.Pennmag3515His quartz products.

Quartz shares are one of the 50 constituent stocks in the China Securities Photovoltaic Industry Index.

In 2023, quartz shares achieved revenue of 7.184 billion yuan, an increase of 258.46% over the same period last year, and net profit of 5.039 billion yuan, an increase of 378.92% over the same period last year.

In the first quarter of 2024, the revenue of quartz shares reached 394 million yuan, down 67.82 percent from the same period last year, and the net profit of returning mother was 158 million yuan, down 80.7 percent from the same period last year. The company said that the decline in net profit was mainly due to a decrease in income during the reporting period, resulting in a decrease in net profit.

Equity financing totaled 721 million yuan

Quartz shares were listed in A shares in 2014, raising 361 million yuan in an initial public offering. Subsequently, the company raised another 360 million yuan by issuing convertible bonds.

In 2019, quartz shares raised 360 million yuan through convertible bonds, and the funds were used for the annual production of 6000 tons of electronic grade quartz products.

Dong Jiangao reduced his holdings many times.

The share price of quartz shares has risen rapidly since 2021, reaching a high in August 2022. Since then, the company's share price continued to fluctuate, and by the close of May 23, 2024, the company's share price was down more than 50% from its 2022 high.

It is found that in the past five years, Dong Jiangao has reduced his holdings of the company's shares for many times.

Since April 2020, Dong Jiangao has reduced his holdings by a total of 3.5989 million shares, with a reduction amount of more than 100 million yuan.

On May 22, 2024, Quartz shares disclosed that it had recently received a "statement and letter of apology" from Liu Mingwei, director and deputy general manager of the company. It was learned that Liu Shouan, Liu Mingwei's father, had bought and sold the company's shares through centralized bidding between December 20, 2022 and May 10, 2024, which constituted a short-term transaction.

Liu Shouan bought a total of 10500 shares (including 1000 unsold shares) in this short-term transaction, bought a total of 984814.00 yuan (including 1000 unsold shares last bought), sold 9500 shares, and sold a total of 905186.00 yuan. Liu Shouan's cumulative income from the above short-term trading is-6948.00 yuan.