The richest brothers in Yunnan were surveilled by . The 100 billion bull stocks opened hit the limit...
01
Enjie shares , something happened
Some time ago, Hurun Research Institute released the "2022 Hurun Rich List" in Chengdu. In the turbulent era, how many companies have ups and downs? All are visible on the list.
1305 entrepreneurs with personal wealth of more than RMB 5 billion are on the list, a decrease of 11% from last year, and the total wealth of entrepreneurs on the list is 18% lower than last year.
1 11 entrepreneurs in Yunnan are on the list of , and the 5 entrepreneurs live in Kunming. Among them, the Li Xiaoming family of Enjie Co., Ltd. ranked first among entrepreneurs in Yunnan with 44 billion yuan, the Li Xiaohua family of Enjie Co., Ltd. ranked second with a wealth of 32.5 billion yuan, and the Junfa family of Li Wenbin ranked third with a wealth of 19 billion yuan.
A listed company contributes two regional "richest man" and "second richest man", which is not common.
However, the two brothers Li Xiaoming and Li Xiaohua, the richest man in Yunnan in 2022, had something happened before.
often says that "the explosion always comes after the closing", which may be because of the excessive impact on the stock market. Generally, influential events try to choose the time when the stock market is closed. After Monday, a major news broke out in the market.
30 billion lithium battery separator leader Enjie Co., Ltd. issued an announcement on the evening of the 21st:
received a notice from the family of Chairman paul Xiaoming Lee (Li Xiaoming) and Vice Chairman Li Xiaohua on November 20 that the two were under surveillance by the designated residence of the public security organs for related matters.
The definition of "residential surveillance" is: The public security organs, the people's procuratorate and the people's court order the arrested criminal suspects and defendants not to leave the designated area within a certain period of time and to monitor their actions.
is interesting. This seems to be the name of a Chinese person, paul is American nationality, and Li Xiaohua is said to have a green card. Public information shows that 5 out of the six-person family are American nationality, and Li Xiaohua is Chinese nationality alone.
And so far, the reason for their surveillance has not been announced. Related matters are yet to be investigated.
Enjie Co., Ltd. said:
Currently, the company's production and operation are normal, and all work is carried out in an orderly manner. The performance of the two people will not be affected for the time being.
Although the company said that its operations were not affected, the company's stock price still fell in response.
, a big bull stock with a market value of over 100 billion yuan, plummeted to the limit as soon as the stock price plummeted to the limit, and blocked orders nearly 150,000 lots, and 10 billion market value evaporated instantly.
After all, the two biggest bosses have been arrested, and it is impossible for the company to not be affected.
The two of them have served as chairman and vice chairman respectively since 2014, and Li Xiaohua also serves as general manager; they not only have complete control over Enjie shares, but also the actual controller of the company.
02
Rise of the richest man
Since the Hurun Rich List was released in 1999, a total of 8 richest men have been born in Yunnan.
From the industry in which they are located, four richest people have been born in the real estate industry, and one richest people have been born in the new materials, jade, comprehensive and mining industries.
The richest man in Yunnan in the last session was not Li Xiaoming, but Zhao Xinglong.
Zhao Xinglong was born in the late 1950s. After coming into contact with jadeite rough stone trading in the 1980s, he started his business by "betting on stones".
In 2005, Yunnan Xinglong Industrial Co., Ltd., controlled by the Zhao Xinglong family, took over Duojia Co., Ltd., a listed company in Hubei, and injected jade-related business into the latter.
In 2006, Duojia Co., Ltd. was renamed Oriental Gold Yu.
1 years later, the Zhao Xinglong family became the richest man in Yunnan with a net worth of 2.7 billion yuan.
Since 2018, Oriental Jinyu has been in constant negative news, including the debt crisis, , and the CSRC for financial fraud.
Finally, in 2021, Oriental Jinyu, controlled by Zhao Xinglong's family, was decided to terminate the listing by Shanghai Stock Exchange , becoming the first delisted company in A shares that year.
belongs to his era is over.
, and Li Xiaoming and his family made a fortune as well as Zhao Xinglong.
He started to join the plastic film business in 1996 and soon became a number of cigarette label suppliers in Yunnan. He founded Yunnan Hongta Plastic Co., Ltd. with his younger brother to supply cigarette packaging films to various tobacco groups.
At that time, there were only a few manufacturers in the market that produced cigarette packaging films. The establishment of Hongta Plastics Company quickly attracted many big brand tobacco customers, such as Hongta, Honghe , Heilongjiang Tobacco, Sichuan and Chongqing Tobacco, etc. China tobacco has a large output, and Li Xiaoming also made a lot of money because of this.
film business has reached a scale of over 100 million, which shows Li Xiaoming's business methods and capabilities!
Li Xiaoming, who made his first pot of gold with cigarettes, founded Shanghai Enjie New Materials Technology Co., Ltd. in Shanghai, focusing on the production of wet diaphragms for lithium batteries.
This is the current Enjie shares.
In August 2019, Enjie Co., Ltd. announced that it plans to acquire Suzhou Jieli 100% equity held by Shengli Precision . It was approved by the China Securities Regulatory Commission on July 6 this year. The acquisition of
is also a milestone event for Enjie.
calculated based on the wet diaphragm shipment revenue, Enjie Co., Ltd.'s lithium battery diaphragm revenue in 2018 was 1.328 billion yuan, and Suzhou Jieli's diaphragm revenue in 2018 was 412 million yuan.
In the pure wet diaphragm enterprise ranking, Enjie Co., Ltd. and Suzhou Jieli ranked among the top two in the industry in 2018 respectively. After the merger of the two companies,
, the two companies will occupy half of the market share.
That is to say, through the acquisition of Suzhou Jieli, Enjie shares have become the veritable " oligarch ".
By 2021, Enjie has become the world's largest lithium battery diaphragm manufacturer, accounting for , accounting for 27% of the world's diaphragm market share .
, especially the domestic wet diaphragm market share exceeds 50%, and its industry status is self-evident.
With Enjie's rise, the wealth of the Li Xiaoming family has risen with the rise, and he has been ranked as the richest man in Yunnan for three consecutive times.
03
Where can Enjie go?
The chairman and general manager of Enjie Co., Ltd. suddenly happened, and the shareholders were the most panicked.
As of the end of the third quarter of this year, the number of shareholders of Enjie Co., Ltd. was 44,200.
More than 200 public funds hold Enjie shares heavily.
holds , which is the first new energy theme fund , 2 holds more than 5 million shares, and 9 holds 2 million shares.
Originally, due to the decline in the stock market this year, Enjie Co., Ltd.'s stock price was almost halved. If the two executives make some noise, they still don't know what the stock price will fall.
Indeed, this kind of breaking news will inevitably have a severe impact on the company's short-term stock price. Yesterday's word limit down is a good explanation; but in the medium and long term, it still depends on the company's fundamentals .
In terms of performance, Enjie Co., Ltd. has almost nothing to be picky about.
's net profit in 2021 exceeded 2 billion yuan. This figure was only 141 million yuan in 2017, and the increase in 4 years was nearly 15 times.
The company's total revenue in 2021 exceeded 7 billion. This figure was only 2.1 billion in 2017, and the increase in 4 was nearly 3 times.
In the first three quarters of 2022, the company's revenue was 9.28 billion yuan, and increased by 73.81% year-on-year; net profit attributable to shareholders was 3.226 billion yuan, and increased by 83.77% year-on-year.
's current product net profit margin is as high as 32%. This figure was only 12% in 2017, and increased by 2.5 times.
Revenue, net profit and net profit margin are all increasing exponentially . Even this year, when the general environment is recognized as a difficult year, the company has maintained an extremely high growth rate. So you see, the company's stock price is also rising steadily:
in 2019 rose 75%, 182% in 2020, and nearly 100% in 2021.
This is closely related to the track where Enjie is located.
Their main product is battery separator, with a gross profit margin of up to 50%, and contributes 97% of the source of net profit.
battery separator is one of the four main materials of lithium batteries, and is also one of the links with the highest technical barriers among battery materials. It is the most important material for lithium batteries in addition to positive and negative electrodes.
The function of the separator is to separate the positive and negative electrodes of the battery, avoid contact short circuits of the positive and negative electrodes, and also provide micropore channels to ensure smooth current, which is the safety guarantee of lithium batteries. in the lithium battery main materials, the diaphragm has the highest gross profit margin, which is also the most difficult and final localization link of the entire lithium battery industry chain .
could account for 10-20% of the entire battery cost before the lithium price surged. After the lithium price has increased by more than ten times, it accounts for about 2-5% of the cost of lithium battery materials.
Today, new energy vehicle has ushered in a real explosion. According to data from CITIC , the penetration rate of new energy vehicles in will reach 25% this year.
In October 2022, 762,000 new energy vehicles were produced nationwide - approximately equal to the output of the whole year in 2017.
At the end of last year, the China Association of Automobile Manufacturers predicted that the sales of new energy vehicles will reach 5 million units in 2022;
was increased to 5.5 million units in the middle of this year.
. The reality is that from January to October this year, the total sales of new energy vehicles nationwide will exceed 6 million vehicles.
The core of the new energy vehicle is the lithium battery and the motor; among the lithium battery, the battery separator is one of the core components.
In addition to having the world's largest production capacity, Enjie also has the best process in the world. The company's single-line output industry is leading, and the consumption of auxiliary materials is far lower than the industry average.
China's new energy vehicles have "boomed production and sales", and the demand for lithium batteries has only increased and not decreased. Enjie Co., Ltd.'s industry dividend has a long time left.
What's more, with the popularization of 5G, the Internet of Things, and the development of AI technology, new electronic products will continue to appear, which will also bring incremental growth to consumer batteries, which is also a long-term benefit for Enjie Co., Ltd.
is just the barrier to the problem now. How serious are the two brothers doing? The public security organs used surveillance for the two brothers. This shows that the situation is relatively serious. This is not a civil issue or an administrative issue, but a possible criminal offense.
In other words, if things go badly, the horse runs and dances, Enjie shares will still have a promising future.
. If things go big, the prognosis may be bad. I didn’t see several companies whose chairman was arrested still had a smooth future.
Even if you have a wife like Huang Guangyu, Gome isn't it on the verge of danger now?
In this way, it seems that Buffett is better. buys a company's stock , and they buy their management.
