news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

hongdou holdings (600400) has recently become the focus of public attention. voices such as the zhou family, the actual controller of the company, "frequently cashing out" and "making a fortune" have been circulating online.

on the afternoon of september 24, zhou haijiang, chairman of the board of directors of hongdou group and actual controller of hongdou shares, responded in an exclusive interview with a reporter from securities times: since hongdou shares went public in 2001, he has not only not sold a single share, but has increased his holdings of hongdou shares 12 times. it is understood that the so-called "frequent reduction of holdings to cash out" is actually the reduction of holdings by "hongdou group". people related to hongdou group further stated that all the funds obtained went into the hongdou group account and were used for the development of the group, and did not fall into personal pockets.

“i personally increased my holdings 12 times.”

discussions about the zhou family's "frequent cashing out" began with a recently disclosed announcement.

on the evening of september 12, hongdou shares disclosed the implementation announcement of the semi-annual equity distribution in 2024. the company distributed a cash dividend of 0.01 yuan per share (including tax), totaling 22.9144 million yuan. in the first half of this year, hongdou shares' operating income was 1.081 billion yuan, a year-on-year decrease of 1.33%; net profit was 44.2222 million yuan, a year-on-year decrease of 5.77%.

after the above announcement was disclosed, different opinions began to appear online. one article mentioned: "after a series of share reductions and dividends, the zhou family has cashed out more than 1.3 billion yuan in total and made a lot of money." in response to this statement, zhou haijiang told the securities times reporter, "i have never reduced my holdings of a single listed company stock and have always shared the same fate with the company."

it is understood that the so-called "zhou family"'s reduction of holdings and cashing out mainly refers to the reduction of holdings by hongdou group.

from june 28 to august 29, 2022, hongdou group reduced its holdings of hongdou shares by 1.92%, corresponding to an amount of approximately rmb 187 million to rmb 232 million; on september 16, 2022, hongdou group and wenzhi investment signed a share transfer agreement to transfer 138 million shares (accounting for 5.9921% of the company's total share capital) to wenzhi investment, with a total transfer price of approximately rmb 635 million.

from december 2022 to march 2023, hongdou group's concerted action private equity fund "kuantou uranus 26" reduced its holdings of hongdou shares by 0.61%, involving an amount of 58.4447 million yuan. hongdou group's concerted action persons and actual controllers zhou haiyan, gu cui, liu lianhong and zhou yaoting together hold 100% of kuantou uranus 26. from september 2022 to march 2023, zhou yaoting's son zhou mingjiang reduced his holdings of hongdou shares by 0.33%, involving an amount of 37.5849 million yuan.

in addition, general shares (601500) under hongdou group announced in august this year that hongdou group plans to transfer 110 million shares of general shares (accounting for 6.92% of the total share capital) to jiuyi investment through an agreement transfer. the transfer price is 3.97 yuan per share, and the total transfer price is approximately 437 million yuan.

zhou haijiang said, "all the funds from hongdou group's share reduction have entered the group's account." a person related to hongdou group emphasized to reporters that "the money in the group's account cannot be directly given to individuals, which can be proved by the bank's bank statements. all the funds from the share reduction were used for the development of the group, rather than falling into the pockets of individuals."

regarding what the outside world calls "reducing holdings to cash out", zhou haijiang further stated, "from 2001 when hongdou shares went public to september 2024, i personally increased my holdings of hongdou shares by 28.5435 million shares 12 times, and never reduced a single share." securities times e-company reporters found that zhou haijiang spent a total of 200 million yuan on the above-mentioned increase in holdings. after june 2017, zhou haijiang increased his holdings three times, with a personal investment of more than 150 million yuan. as of now, zhou haijiang personally and through related products holds a total of 58.063491 million shares of hongdou shares.

hongdou group's finances "remain robust"

behind the "frequent reduction of holdings" that has attracted much attention from the outside world, is hongdou group facing financial pressure? in this regard, zhou haijiang said frankly, "like other private enterprises, our capital chain is not loose and we do face certain challenges."

"from the perspective of hongdou group itself, we have invested a lot in recent years." zhou haijiang introduced that hongdou group has developed the 11.13 square kilometers of sihanoukville special economic zone in cambodia, which has become a model for high-quality joint construction of the "belt and road". "we have spared no effort in recent years to build it, with a total investment of more than 4 billion yuan. we just started to make some profits last year, and this year's business situation has further improved." in addition, hongdou group has successfully built 6 self-owned brands in wuxi, zhenjiang, yangzhou and other places in recent years - hongdou wanhuacheng series shopping centers, with a total investment of 3.2 billion yuan. "it will take time to realize the results after the investment, and it is impossible to see immediate results."

as for the external environment, after a key enterprise in the surrounding area encountered a capital chain crisis, some financial institutions reduced their lending to peer companies, causing hongdou group to be "affected" to a certain extent.

"we cannot say there is no financial pressure, but it is not to say that the financial pressure is very serious either," zhou haijiang emphasized, "overall, hongdou group's finances remain sound." he further stated that since the 1990s, hongdou has not had the problem of mutual guarantees, eliminating many financial risks.

a person from hongdou shares told the reporter, "from the perspective of our listed company, our cash flow is normal." general shares, another listed company under hongdou group, achieved operating income of 3.068 billion yuan in the first half of the year, a year-on-year increase of 36.91%; net profit attributable to the parent company was 287 million yuan, a year-on-year increase of 393.32%. a person from general shares also emphasized to the reporter that the company is operating well and has normal cash flow.

public reports show that on august 5 this year, xu kunlin, deputy secretary of the jiangsu provincial party committee and governor of jiangsu province, and his delegation visited hongdou group for research and affirmed hongdou group's adherence to industry, specialization in its main business, and the achievements made in corporate development under the current environment. at the same time, he hopes that enterprises will further increase their efforts in scientific and technological innovation, accelerate the formation of new quality productivity development, and encourage enterprises to follow the trend and find the right track, and use digital empowerment, brand enhancement, equipment updates, and new product design to help enterprises "smartly" upgrade and forge core competitiveness, so as to promote entrepreneurial spirit, boost confidence in the development of the private economy, and accelerate the improvement of the modern enterprise system and build world-class enterprises.

a person from hongdou group told the reporter: "for the subsidiaries of the group, there are corresponding assessment indicators. in addition to comparing with the same period last year, we also need to compare with the entire industry. our goal is to increase sales and profits by more than 30% year-on-year. we will still stick to the established direction, stick to the real industry, and specialize in the main business, because only when the industry is good can we have good development."