No intention to repurchase!

Li Yan looked at the expressions of everyone in front of him, especially Wu Chaoqun's expression, and he already knew it in his heart.

In fact, Li Yan had already known this situation in his heart before he saw Wu Chaoqun. But isn't the situation much better now than it was before I came?

Before coming, Qianhe Flavor Page could be buried in the whirlpool. It seems that as time goes by, Qianhe Flavor Page is about to slide into the abyss, and after running by himself, he is powerless to change.

I was even ready to give up the protective behavior of Qianhe flavor page. I was even ready to face the dying throes of Qianhe flavor page. But when all the high-level executives of Qianhe Flavor Page greeted them at the door, the scales were actually tilted towards themselves!

Many times, when faced with difficulties, the more difficult it is, the worse things get. Li Yan felt that he really had the protagonist buff?

God's favor made Li Yan's confidence double at this time!

Why are Wu Chaoqun reluctant to buy back? Li Yan actually understands in his heart that on the one hand, it is related to the fact that many listed companies in the capital market are still in the expansion period, because their cash flow is relatively tight, they are relatively "stingy" in cash dividends, and they lack the willingness to repurchase shares.

On the other hand, in people's traditional concept, the increase of capital is an expansion behavior of the enterprise, and the reduction of capital is the contraction of the enterprise, and everyone generally does not want to see the contraction of the enterprise.

In practice, most of the buybacks of domestic companies are carried out under the condition that the stock price has fallen seriously and affected the stable development of the enterprise, from the past Livzon's repurchase of B shares to the recent large-scale repurchase of A shares by Midea Group.

But Li Yan's ability to think of a repurchase was not a sudden whim. Since the fall, there have been significantly more cases of companies repurchasing shares than in the past, as if a "repurchase" fever has been faintly formed in the market, but it is undeniable that the reason is mainly due to the recent downturn in the stock market, and many companies are still interested in long-term interests.

Wu Chaoqun smiled faintly at Li Yan, took out a cigarette from his pocket and just wanted to hand it to Li Yan, but seemed to think that Li Yan did not smoke. But he still gave way to Li Yan.

Li Yan smiled bitterly and waved his hand, and said thank you, Brother Ang, I don't smoke.

Wu Chaoqun then handed the cigarette to Dao Jianxin beside Li Yan.

When Dao Jianxin took the cigarette, Wu Jianyong on the side also gave Yang Muye a cigarette.

Smoke is not Chinese, but wide and narrow.

Wu Chaoqun turned around at this time and handed the cigarette to Wu Jianyong, then took out a few and gave it to Li Yueting, Li Yueqing and others. Cui Bao, who was on the side, comprehended, took out a delicate black and red lacquer box from the side.

Li Yanleng paused, and when he saw that Cui Wei opened the lacquer river and put red shrimp halva and white rabbit milk candy, he just wanted to say one word in his heart Today, it's stable!

Wu Chaoqun said to Li Yan at this time: "The repurchase you said ...... Let me tell you so. The reason why we are reluctant to buy back is mainly related to the corresponding legal system. The result of our discussion is that buybacks have limited adaptation conditions and have little effect in other ways than to maintain stock prices. The company's funds are very tight now, and they are all their own people behind closed doors, so I will say a word from my heart......"

Li Yan saw Wu Chaoqun pause, nodded and said, "You say." ”

"Coming to the capital market is to make money and cut leeks, and I don't want to be a leek. After saying this, Wu Chaoqun smiled bitterly.

Li Yueqing said next to him at this time, "We have calculated that the market looks like it has fallen to the bottom, but we believe that the timing market has not bottomed out." And even if it has bottomed out, the current situation will definitely be a long-term grinding. And we believe that the direction of the current market funds is difficult to figure out, and it is difficult to get 30% of the listed companies to fall by more than 50%, in this case it is difficult to say the direction of the funds. ”

Li Yan paused for a moment, and Dao Jianxin, who was sitting next to Li Yan, was about to speak with a cigarette in his hand, when he saw Li Yueqing smiling at himself and said, "Actually, if there is no improvement in the performance of listed companies, everyone knows that buybacks cannot really play a role." Fundamentally speaking, it is still necessary to insist on improving the company's efficiency in the first place. Our management has systematically sorted out the rules of the share repurchase system of listed companies, which requires us to further clarify the situation, procedures, methods, information disclosure, holding of repurchased shares, transfer of repurchased shares, cancellation of repurchased shares, etc. Moreover, it is also strictly investigating and punishing the use of share buybacks to carry out insider trading, market manipulation, illegal information disclosure, "benefit transfer" and "flickering repurchase" and other violations of laws and regulations. ”

With a slight hum, Li Yan saw Li Yueqing and asked himself, "Do you think that there are a few listed companies that can really be checked?"

Li Yan didn't speak, lowered his head and took a piece of red shrimp halva from the lacquer box.

When Wu Chaoqun watched Li Yan pick up a piece of red shrimp halva, he emphasized with some embarrassment, "The main thing is the big environment......! Your suggestion is actually very good. ”

Li Yan was speechless with sugar in his mouth. It turns out that putting so much halva and toffee on yourself is treating yourself as the prince of the stove? Is this stuffing sugar in your mouth to prevent yourself from talking?

In fact, Li Yan also understood Wu Chaoqun's thoughts.

Wu Chaoqun can get to this day, he is a good manager, and he is a rational investor.

How many of the listed companies have the ability to carry out large-scale repurchases? Many domestic enterprises are still in the expansion period, and their thirst for cash is very strong, and they really lack the ability to repurchase shares with cash at this time. If the company has a lot of cash in hand, how can there be such a situation in the market where the major shareholders pledge their shares because of lack of money, resulting in a dangerous situation?

If you have money, just make a large cash dividend, or let the company invest directly?

Wu Chaoqun continued at this time: "I have a few friends who are in charge of listed companies, and they have long had a low cash dividend rate in domestic listed companies, but their major shareholders are keen to give away shares, and there may be many motives, but they are usually the problem of insufficient cash in the company. Recently, the above management has encouraged our company to buy back shares, and I have seen many companies take action, but some are at the level of millions or thousands, which is more symbolic, but the actual effect is not obvious. It cannot be said that these companies do not attach importance to buybacks, and they are really shy in their pockets. And in this situation, I will tell you the general direction above, but objectively speaking, the biggest factor restricting repurchase is still not a money word after all!"

Li Yan wanted to swallow the sugar in his mouth, but Wu Chaoqun continued when Li Yan put the sugar in his mouth and it was inconvenient to speak, "Speaking of repurchase, I actually want to talk to you about our cooperation with Dejuquan. ”

Wu Zhilin frowned beside him and asked, "De Juquan?"

Li Yan swallowed the sugar with a grunt, but in his heart it was called helplessness. said a good repurchase, what kind of words did Wu Zhilin answer? This clearly makes people give rhythm to the family!

Li Yueting, who was on the side, immediately said: "Yes, in fact, I want to ask you what is the first cuisine in China? Do you want to say that the eight major cuisines of "Sichuan, Lu, Guangdong, Suzhou, Zhejiang, Fujian, Hunan and Hui" and many local cuisines? In fact, almost everyone has the first cuisine in their minds. But if you ask what is the first roast duck in Huaxia? I think everyone knows in their hearts that Quanjude will definitely take the lead!"

Li Yan listened to the gushing speed like a cannon, and Li Yan wanted to say, "Are you a cross talk actor?!"

"We studied the Dejuquan roast duck restaurant, this company is a rare catering century-old restaurant, and even Dejuquan's roast duck has become a must-have dish at the national banquet since the founding of the People's Republic of China, and we want to cooperate with Dejuquan in depth!"

Wu Jianyong nodded beside him and said with a sigh of gratitude, "But we also noticed a problem. Quan Jude, who is over 150 years old, seems to be tired. Before that, we also analyzed what happened to the century-old restaurant, and what Dejuquan did wrong when he fell from the king of roast duck to the altar. ”

..............................

No intention to repurchase!

Li Yan looked at the expressions of everyone in front of him, especially Wu Chaoqun's expression, and he already knew it in his heart.

In fact, Li Yan had already known this situation in his heart before he saw Wu Chaoqun. But isn't the situation much better now than it was before I came?

Before coming, Qianhe Flavor Page could be buried in the whirlpool. It seems that as time goes by, Qianhe Flavor Page is about to slide into the abyss, and after running by himself, he is powerless to change.

I was even ready to give up the protective behavior of Qianhe flavor page. I was even ready to face the dying throes of Qianhe flavor page. But when all the high-level executives of Qianhe Flavor Page greeted them at the door, the scales were actually tilted towards themselves!

Many times, when faced with difficulties, the more difficult it is, the worse things get. Li Yan felt that he really had the protagonist buff?

God's favor made Li Yan's confidence double at this time!

Why are Wu Chaoqun reluctant to buy back? Li Yan actually understands in his heart that on the one hand, it is related to the fact that many listed companies in the capital market are still in the expansion period, because their cash flow is relatively tight, they are relatively "stingy" in cash dividends, and they lack the willingness to repurchase shares.

On the other hand, in people's traditional concept, the increase of capital is an expansion behavior of the enterprise, and the reduction of capital is the contraction of the enterprise, and everyone generally does not want to see the contraction of the enterprise.

In practice, most of the buybacks of domestic companies are carried out under the condition that the stock price has fallen seriously and affected the stable development of the enterprise, from the past Livzon's repurchase of B shares to the recent large-scale repurchase of A shares by Midea Group.

But Li Yan's ability to think of a repurchase was not a sudden whim. Since the fall, there have been significantly more cases of companies repurchasing shares than in the past, as if a "repurchase" fever has been faintly formed in the market, but it is undeniable that the reason is mainly due to the recent downturn in the stock market, and many companies are still interested in long-term interests.

Wu Chaoqun smiled faintly at Li Yan, took out a cigarette from his pocket and just wanted to hand it to Li Yan, but seemed to think that Li Yan did not smoke. But he still gave way to Li Yan.

Li Yan smiled bitterly and waved his hand, and said thank you, Brother Ang, I don't smoke.

Wu Chaoqun then handed the cigarette to Dao Jianxin beside Li Yan.

When Dao Jianxin took the cigarette, Wu Jianyong on the side also gave Yang Muye a cigarette.

Smoke is not Chinese, but wide and narrow.

Wu Chaoqun turned around at this time and handed the cigarette to Wu Jianyong, then took out a few and gave it to Li Yueting, Li Yueqing and others. Cui Bao, who was on the side, comprehended, took out a delicate black and red lacquer box from the side.

Li Yanleng paused, and when he saw that Cui Wei opened the lacquer river and put red shrimp halva and white rabbit milk candy, he just wanted to say one word in his heart Today, it's stable!

Wu Chaoqun said to Li Yan at this time: "The repurchase you said ...... Let me tell you so. The reason why we are reluctant to buy back is mainly related to the corresponding legal system. The result of our discussion is that buybacks have limited adaptation conditions and have little effect in other ways than to maintain stock prices. The company's funds are very tight now, and they are all their own people behind closed doors, so I will say a word from my heart......"

Li Yan saw Wu Chaoqun pause, nodded and said, "You say." ”

"Coming to the capital market is to make money and cut leeks, and I don't want to be a leek. After saying this, Wu Chaoqun smiled bitterly.

Li Yueqing said next to him at this time, "We have calculated that the market looks like it has fallen to the bottom, but we believe that the timing market has not bottomed out." And even if it has bottomed out, the current situation will definitely be a long-term grinding. And we believe that the direction of the current market funds is difficult to figure out, and it is difficult to get 30% of the listed companies to fall by more than 50%, in this case it is difficult to say the direction of the funds. ”

Li Yan paused for a moment, and Dao Jianxin, who was sitting next to Li Yan, was about to speak with a cigarette in his hand, when he saw Li Yueqing smiling at himself and said, "Actually, if there is no improvement in the performance of listed companies, everyone knows that buybacks cannot really play a role." Fundamentally speaking, it is still necessary to insist on improving the company's efficiency in the first place. Our management has systematically sorted out the rules of the share repurchase system of listed companies, which requires us to further clarify the situation, procedures, methods, information disclosure, holding of repurchased shares, transfer of repurchased shares, cancellation of repurchased shares, etc. Moreover, it is also strictly investigating and punishing the use of share buybacks to carry out insider trading, market manipulation, illegal information disclosure, "benefit transfer" and "flickering repurchase" and other violations of laws and regulations. ”

With a slight hum, Li Yan saw Li Yueqing and asked himself, "Do you think that there are a few listed companies that can really be checked?"

Li Yan didn't speak, lowered his head and took a piece of red shrimp halva from the lacquer box.

When Wu Chaoqun watched Li Yan pick up a piece of red shrimp halva, he emphasized with some embarrassment, "The main thing is the big environment......! Your suggestion is actually very good. ”