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[Introduction] The holdings of private equity institutions worth hundreds of billions of yuan have surfaced, and Gaoyi, Ningquan, Chongyang and others have their own favorites

China Fund News reporter Wu Jun

As the disclosure of the 2024 interim reports of listed companies gradually draws to a close, the holdings of private equity institutions worth tens of billions of dollars have surfaced.

As of the evening of August 27, according to the latest disclosed data, Gaoyi Asset Management's Deng Xiaofeng increased his holdings in Yunnan Aluminum Co., Ltd., but reduced his holdings in Zijin Mining and YTO Express; Gaoyi Asset Management's Feng Liu increased his holdings in Shengyi Technology, Angel Yeast, and Conch Cement, but reduced his holdings in Shunxin Agriculture and Baofeng Energy; Ningquan Asset Management, founded by Yang Dong, increased its holdings in Mulinsen and Unilumin Technology, and reduced its holdings in Leyard. Zhongyang Investment, led by Qiu Guogen, still firmly holds Quectel Communications and Xinhecheng.

Feng Liu increases holdings in Shengyi Technology and Angel Yeast

Reduced holdings in Shunxin Agriculture and Baofeng Energy

The semi-annual report disclosed by Shengyi Technology on the evening of August 27 showed that Gaoyi Linshan No. 1 Yuanwang Fund managed by Feng Liu of Gaoyi Asset increased its holdings of Shengyi Technology by 15 million shares. At the end of the second quarter, the number of shares held increased to 50 million shares, with a shareholding value of 1.053 billion yuan, ranking the fifth largest circulating shareholder.

Feng Liu was newly listed as a circulating shareholder in the third quarter of last year, and kept holding the shares after a small increase in the fourth quarter, and bought a large amount again in the second quarter of this year. Judging from the stock price performance, Shengyi Technology's stock price rose by about 25% in the second quarter, but fell sharply in the third quarter.

From the financial data, Shengyi Technology achieved operating income of 9.63 billion yuan in the first half of 2024, a year-on-year increase of 22.19%; net profit attributable to the parent company was 932 million yuan, a year-on-year increase of 68.04%. In the first half of the year, the company's sales of various types of copper clad laminates, adhesive sheets, printed circuit boards, etc. have achieved good growth.

According to the latest disclosed interim report data, the private equity product managed by Feng Liu newly acquired the natural extract production supplier Chenguang Bio in the second quarter, holding 7.5 million shares, with a shareholding value of 63 million yuan at the end of the period; at the same time, it newly entered the list of circulating shareholders of Conch Cement, holding 17.5 million shares, with a shareholding value of 413 million yuan at the end of the period.

At the same time, Feng Liu increased his holdings in Ruifeng New Materials by 1.997 million shares, bringing the number of shares held to 12 million shares. The market value of his holdings at the end of the period was 525 million yuan. The company is mainly engaged in the research, development, production and sales of fine chemical products such as oil additives and carbonless paper developers. In the first half of this year, Ruifeng New Materials achieved operating income of 1.5 billion yuan, a year-on-year increase of 12.12%; net profit attributable to shareholders was 319 million yuan, a year-on-year increase of 27.59%.

In addition, previously disclosed data also showed that Feng Liu slightly increased his holdings in security leader Hikvision in the second quarter of this year, and significantly increased his holdings in Angel Yeast, but reduced his holdings in Shunxin Agriculture and Baofeng Energy.

Deng Xiaofeng increases holdings in Yunnan Aluminum

Reduced holdings in Zijin Mining, YTO Express, etc.

According to the interim report released by YTO Express on the evening of August 27, the company achieved operating income of 32.565 billion yuan in the first half of this year, a year-on-year increase of 20.61%; the net profit attributable to the parent company's shareholders was 1.988 billion yuan, a year-on-year increase of 6.84%. However, Fund Jun found that Gaoyi Xiaofeng No. 2 Letter Fund, managed by Gaoyi Asset Chief Investment Officer Deng Xiaofeng, reduced its holdings of the stock by 14.7786 million shares in the second quarter, and its holdings at the end of the period fell to 30.3 million shares, with a market value of 474 million yuan.

In fact, Deng Xiaofeng has held this express delivery company for about three years, but now he has suddenly chosen to sell off his shares. In terms of stock price performance, YTO Express rose by 26.12% and 3.23% in the first and second quarters of this year, respectively, but fell by more than 6% in the third quarter.

According to the previously disclosed interim report data, Deng Xiaofeng increased his holdings of Yunnan Aluminum by 4.2 million shares, and the number of shares held increased to 60.2 million shares at the end of the second quarter, with a market value of 813 million yuan. Financial report data showed that Yunnan Aluminum achieved operating income of 24.648 billion yuan in the first half of the year, a year-on-year increase of 39.49%; and achieved a net profit attributable to the parent of 2.519 billion yuan, a year-on-year increase of 66.26%.

However, the products managed by Deng Xiaofeng significantly reduced their holdings of non-ferrous metal leader Zijin Mining by 122 million shares, reducing their holdings to 489 million shares, with a market value of 8.59 billion yuan at the end of the period. In terms of performance, Zijin Mining achieved operating income of 150.417 billion yuan in the first half of the year, a year-on-year increase of 0.06%; and achieved net profit attributable to shareholders of 15.084 billion yuan, a year-on-year increase of 46.42%; the company's announced semi-annual dividend distribution plan is a cash dividend of 1 yuan (tax included) for every 10 shares.

In addition, the products managed by Deng Xiaofeng also reduced holdings of many stocks including Kangyuan Health and Nanochip.

Ningquan Asset increased its holdings in MLS and Unilumin Technology

Zhongyang Investment firmly holds Quectel Communications and Xinhecheng

Ningquan Asset, founded by Yang Dong, a tycoon who "went from public to private", also had several heavily-weighted stocks exposed at the end of the second quarter of this year.

On the evening of August 27, the interim report released by LED lighting brand Mulinsen showed that Ningquan Zhiyuan No. 59 Private Equity Fund had newly entered the list of the top ten circulating shareholders of the stock, holding 9.0519 million shares, with a market value of 73 million yuan at the end of the period; financial report data showed that Mulinsen achieved operating income of 8.182 billion yuan in the first half of the year, a year-on-year decrease of 1.60%; net profit attributable to shareholders of listed companies was 262 million yuan, a year-on-year increase of 28.80%.

At the same time, Ningquan Zhiyuan No. 39 Private Equity Fund newly entered the list of circulating shareholders of Kelly Technologies, a medical device high-tech company, in the second quarter, holding 2.4613 million shares with a reference market value of 9 million yuan at the end of the period.

In addition, Ningquan Asset slightly increased its holdings in LED display and lighting product manufacturer Unilumin Technology by 45,000 shares, increasing its shareholding to 14.2949 million shares, with a shareholding value of 75 million yuan at the end of the period; however, it slightly reduced its holdings in LED industry company Leyard, reducing its shareholding by 822,300 shares, reducing its shareholding to 19.6984 million shares, with a reference market value of 89 million yuan at the end of the period.

Some of the holdings of the 10 billion private equity fund Zhongyang Investment, led by Qiu Guogen, have also surfaced. The latest disclosed interim report data shows that Zhongyang Strategic Juzhi and Zhongyang Strategic Yingzhi appear on the list of circulating shareholders of the leading IoT module company Quectel Communications, and still firmly hold 7.557 million shares of Quectel Communications, with a market value of 353 million yuan at the end of the second quarter.

At the same time, the two funds, Zhongyang Strategic Huizhi and Zhongyang Strategic Yingzhi, held a total of 70.3208 million shares of vitamin leader Xinhecheng, and the market value of their holdings reached 1.35 billion yuan at the end of the period.

Editor: Captain

Review: Chen Mo

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