Is the listed company of China Cinda good?
China Cinda, as the first heavyweight in the current position, naturally I am very optimistic about China Cinda. Cinda released a semi-annual report, and its performance is expected to drop by about 35%. After the opening of the day, the market did not immediately drop sharply, and even remained flat for a while, indicating that the market had expected that Cinda's performance might decline. In the next few days, Cinda's continuous decline was mainly due to the overall weakening of the Hong Kong stock market. China Cinda is an invisible coal tycoon. Last year, it was the highlight of coal enterprises, but it was not reflected in Cinda's financial statements, because Cinda holds a considerable number of unlisted coal companies, and its performance improvement will not be reflected in the stock price like listed companies, so Cinda did not reflect this part of income in the statement of fair value changes. It can be said that Xinda hides a lot of profits. In the current market environment and the background of prosperity, "showing weakness" is actually a way of self-protection. If Cinda makes a high profit, Cinda is likely to bear more social responsibilities. For example, Cinda invested 5 billion in Huarong and lost 3 billion a day, which was an obvious loss, but Cinda had to participate. The same is true of the current real estate market. If Cinda pays photogenic attention, it will inevitably take over more garbage housing enterprises, and some projects are obviously losing money. Therefore, it is beneficial for Cinda's future development to slow down the progress and moderately reduce some profits.