本报讯 次新大盘股中国水电(601669,股吧)昨日开盘后一路下挫，午后即跌停，报收3.49元/股。从历史上看，大盘股的跌停较为罕见。

Report from our correspondent times new bulk lots stock China water and electricity(601669,Shares it)Yesterday after opening all the way down，Afternoon namely drop stop，At $3.49 per share。Look from the history，The bulk lots stock drop stop is relatively rare。

　　“公司有解释吗？”记者致电公司投资者关系处，其工作人员表示，目前正在筹划应对措施，并不知道原因。消息面上来看，中国水电近期并无明显利空。事实上，今年以来其业务进展还算顺利。公司近期公告称，2012年1-6月累计新签合同额为951.31亿元，为全年新签合同计划总金额的61.37%。就在7月24日，该公司的四川大渡河安谷水电站项目获得总额为78亿元的银团贷款；此外，公司还与夹江水工有限公司签署了巴基斯坦最大水电项目——尼鲁姆·杰鲁姆水电站设备制造项目。

“The company have explain？”Reporters call the company investor relations place，The researchers said，Is currently planning a response，Does not know the reason。News face to see，China is not obviously bad hydropower recently。In fact，Since this year its business the operation went well。The company recently declared，In 2012 the first 6 months of accumulative total new signing stood for $95.131 billion，New signing contract in the whole year 61.37% of the total amount of the plan。On July 24,，The company's sichuan dadu river AnGu hydroelectric project won a total of 7.8 billion yuan in syndicated loans；In addition，The company also with the GaJiang hydraulic Co., LTD. Signed Pakistan's largest hydropower project-LuM · JieLu, Tim hydropower station equipment manufacturing project。

　　大量订单也给中国水电的业绩增添了保障。今日公司发布上半年业绩预告：预计2012年度上半年实现营业收入与去年同期相比增长不低于8%，实现归属于母公司净利润与去年同期相比增长不低于10%。华泰联合也认为，一季度末公司待施合同额是公司2011年营业收入的2.22倍，充足的待施合同额为公司未来2年业绩的稳定增长提供了强有力的保证。

Plenty of orders to the performance of China also added security electricity and water。Today the company issued the first half performance forecast：In the first half year of 2012 is realize operating income compared with the same period last year growth is not less than 8%，Realize attributable to the parent company net profit growth compared with the same period last year of no less than 10%。China peaceful joint also think，At the end of the first quarter for the company was in 2011, the company is stood at 2.22 times revenue，Enough to stay for the future stood was 2 years to track the performance of stable growth provides a strong guarantee。

　　但10%的净利润增速，似乎并不能让所有投资者都很满意。有分析人士直言，相比前两年超过20%的增速，今年上半年中国水电的业绩表现显然有所褪色，这或许是昨日该股罕见跌停的诱因。而盘后龙虎榜数据显示，昨日中国水电前五名卖出席位累计卖出22500.8万元，其中4家是机构，1家是中金公司客户资产管理部，买入前五名席位累计买入7650.9万元，其中2家为机构，买入额不足卖出额的35%。

But 10% of the net profit growth，Do not seem to let all investors are very satisfied。Analytic personage the truth，The first two years compared the rate of growth of more than 20%，In the first half of this year China water electricity performance has obvious fade，This is perhaps the strands of rare yesterday drop stop triggers。And after data showed that dish with uniqueness，China's top five yesterday hydropower sell seats sell 225.008 million yuan accumulated，Four home is institutions，1 the home is cicc customer assets management department，Buy the top five seats accumulative total buying 76.509 million yuan，2 of them home for institutions，Buy amount sold 35% of the amount insufficient。

　　该分析人士另透露，近期由于大盘连续阴跌，而新股发行节奏并未明显放慢，市场“失血”不止，投资者情绪因此益发悲观，而在中国水电同比增速放缓的前提下，机构或借此抛售大盘次新股，以宣泄对新股发行过多的不满情绪。

The analysts said the other，Due to the recent consecutive fall Yin，And the ipo did not significantly slow pace，market“Blood loss”More than，Investors emotions so pretty pessimistic，While in China hydropower up under the premise of growth is slowing，Institutions or to sell the second new，Giving vent for the ipo too much resentment。

　　上述说法不无道理，可以佐证的是，昨日上市的3只新股中，募集金额最大的两只个股——和邦股份和美亚光电都一度深跌超过10%。此外，7月6日刚刚上市的次新大盘股中信重工(601608,股吧)昨日也下跌9.94%，而就在7月上旬，公司控股股东中信股份两次增持公司股份，合计2514万股，占公司总股份的0.92%。

The above statement is not without reason，Can the evidence is，The only new shares listed 3 yesterday，The two biggest raise amount only stocks-and bond shares and aiu photoelectric are deep fall more than 10% once。In addition，On 6 July, just The Times listed new bulk lots stock citic heavy industry(601608,Shares it)Yesterday also drop 9.94%，And in early July，The company controlling shareholders citic shares two additional shares in a company，Total 25.14 million shares，0.92% of the total shares。

　　也有市场人士猜测，由于中国水电一直是社保和基金重仓配置的大盘股，或是大量持有中国水电的主力机构调仓换股导致该股逼近跌停。

People also have market speculation，Because of China's social security and fund has been hydropower heavy warehouse the configuration of the grail，Hold the bulk of China or the main water agencies to change the storehouse of approximation drop stop。

　　记者 王金萍 艾凌羽

Reporter WangJinPing YiLingYu