The average annual salary exceeds one million, and the 11th board of "demonic stocks" suddenly breaks out! Chairman and Chairman of the Supervisory Board both resigned from the company | Hangzhou Thermal Power | Yaogu
Just now, the "demon stock" Hangzhou Thermal Power announced that both the chairman and chairman of the supervisory board have resigned due to work adjustments.
Hangzhou Thermal Power has been in a "crazy rise" mode since May 12th, and its stock price reached a historic high by June 5th; Within these 17 trading days, 11 limit up boards were successively pulled out, with a cumulative increase of nearly 180% during this period.
On the evening of June 5th, the Shanghai Stock Exchange issued a relevant notice on Hangzhou Thermal Power, pointing out that some investors engaged in abnormal trading behaviors that affected the normal trading order of the market and misled investors into making normal trading decisions, such as raising the stock price. The Shanghai Stock Exchange has taken strict regulatory measures against relevant investors in accordance with regulations. On the 6th, Hangzhou Thermal Power fell below the limit, and today the company's stock price plummeted again, falling nearly 2% as of the close.
As of March 31st, Hangzhou Thermal Power has over 15000 shareholders.
![Annual salary is over one million, 11 boards](https://a5qu.com/upload/images/98963ad007224ced648ade76e2a23c05.jpg)
Resignation of Chairman and Chairman of the Supervisory Board
On June 7th, Hangzhou Thermal Power announced that it had recently received a written resignation report from the company's chairman, Xu Yang. Xu Yang applied to resign from his positions as chairman, director, and director of the board's strategic committee due to work adjustments. His resignation report will take effect upon delivery to the board of directors.
Hangzhou Thermal Power stated that Xu Yang was diligent and responsible during his tenure as the chairman of the company. The company and the board of directors express sincere gratitude to Xu Yang for his contributions to the company during his tenure!
The announcement also stated that according to the provisions of the Company Law and the Articles of Association, Xu Yang's resignation will not cause the number of members of the company's board of directors to be lower than the statutory minimum, and will not have an impact on the normal operation of the company's board of directors and the company's production and operation activities. The board of directors of the company will complete the by election of directors and the election of the chairman as soon as possible in accordance with legal procedures.
![Annual salary is over one million, 11 boards](https://a5qu.com/upload/images/7060e61df5532e5f823ef89b919329fe.jpg)
On the same day, Hangzhou Thermal Power announced that it had recently received a written resignation report from the Chairman of the Company's Supervisory Board, Hu Lihua. Hu Lihua applied to resign from his position as Chairman and Supervisor of the Company's Supervisory Board due to work adjustments, and his resignation report will take effect upon delivery to the Supervisory Board.
Hangzhou Thermal Power stated that Hu Lihua was diligent and responsible during his tenure as the Chairman of the Company's Supervisory Board. The company and the Supervisory Board express their sincere gratitude to Hu Lihua for his contributions to the company during his tenure!
According to the 2022 annual report of Hangzhou Thermal Power, Xu Yang has been serving as the chairman of the company since June 15, 2018. Xu Yang's pre tax compensation for 2022 was 1.2488 million yuan; Hu Lihua has been serving as the Chairman of the Supervisory Board of the company since December 5, 2019. Hu Lihua's pre tax compensation for 2022 is 1.0755 million yuan.
Hangzhou Thermal Power raised the daily limit on November 17th, with Shanghai Stock Exchange taking action
![Annual salary is over one million, 11 boards](https://a5qu.com/upload/images/9f920425ac2f284fbeaef365e6410906.jpg)
On the evening of the 5th, the Shanghai Stock Exchange issued a notice on the situation related to Hangzhou Thermal Power. The Shanghai Stock Exchange stated that Hangzhou Thermal Power has experienced serious abnormal fluctuations recently, and the company has issued a risk warning announcement, reminding investors to invest prudently and pay attention to investment risks.
"Recently, the stock price of the stock has continued to fluctuate significantly, and some investors have engaged in abnormal trading behaviors that affect the normal trading order of the market and mislead investors' normal trading decisions during the trading process. The Shanghai Stock Exchange has taken strict regulatory measures against relevant investors in accordance with regulations.".
In the announcement, the Shanghai Stock Exchange once again reminded investors to pay attention to risks, participate prudently, and engage in compliant trading.
Hangzhou Thermal Power has issued multiple risk warning notices
![Annual salary is over one million, 11 boards](https://a5qu.com/upload/images/85360d98cb419f419b3caa34a11d4c63.jpg)
In response to the recent serious abnormal fluctuations in the company's stock price, Hangzhou Thermal Power has issued multiple risk warning announcements. Journalists have found that since May 16th, Hangzhou Thermal Power has issued eight stock price fluctuation announcements and risk warnings.
In the latest announcement of severe abnormal fluctuations in stock trading, Hangzhou Thermal Power stated that the company's production and operation have not undergone significant changes, and currently has no ultra supercritical units, virtual power plants, or energy storage businesses. In addition, in 2022, the company's photovoltaic business accounted for less than 1% of its main business revenue, which has limited impact on the company's operating performance.
Hangzhou Thermal Power pointed out that the company's stock has been trading at the limit up for 10 days from May 11, 2023 to May 30, 2023, with a cumulative turnover rate of 222.41%. The latest rolling price to earnings ratio of the company is 79.92 times, which is significantly higher than the industry level. Currently, the company's stock price is seriously deviating from the company's fundamentals.
Hangzhou Thermal Power also stated that due to the significant short-term increase in stock prices and high turnover rates, there may be irrational speculation risks. Hangzhou Thermal Power reminds investors to pay attention to trading risks in the secondary market, make rational decisions, and invest prudently.
![Annual salary is over one million, 11 boards](https://a5qu.com/upload/images/67765ab7b064b09c5f9bd3a2a15be983.jpg)