Nanfang Seiko, which is a bearing, has made a sharp rise with the concept of robots and BYD. The increase reached 131% in just about two months. As the surge, in addition to the hot money involved in speculation, private equity institutions that have already been ambushed may also reap the benefits of the fisherman. Chengrui Investment, as a private equity firm that was ambushed here as early as the first quarter of 2021, has finally ushered in a time of harvest. It is worth noting that the major shareholder "funding owner" behind Chengrui Investment is the Zhejiang private enterprise Wynn Group. Wynn Group is a typical private enterprise that combines industry and finance.
Southern Precision has soared, and the holding institutions behind it have benefited!
htmlOn August 19, the stock price of Southern Precision changed its previous fierce trend and hit the daily limit in the late trading. But even so, from the low point in early June to August 19, its stock price rose by 131%, ranking first among a number of listed companies.
Because of the multiple concepts of Southern Seiko, it has become a target of hype for various funds. As its stock price soars, institutional investors who have been "ambushing" for a long time may become the biggest winners. Data shows that as of the end of the first quarter, three private equity firms appeared among the circulating shareholders of listed companies, among which Chengrui Investment's major shareholder is Zhejiang Wynn Group.
In addition to being involved in private equity, Wynn Group also participates in financial institutions such as banks, securities, insurance, and leasing. It is a comprehensive enterprise group that combines industry and finance.
"Ambushes" Nanfang Seiko's 10 billion private equity
htmlOn August 19, Nanfang Seiko, whose stock price soared for many days, stopped its sharp trend. Before this, Southern Seiko started a surge. Choice shows that from the low point in early June to August 19, its stock price rose by 131%, from around 9 yuan per share to 20 yuan.
During this period, the listed company has been on the Dragon and Tiger List in multiple trading days, and has issued announcements of abnormal fluctuations in stock trading for three consecutive times.
However, behind the stock price, the stock price is full of capital speculation. Southern Seiko, whose main business is needle roller bearings and clutch, has now added a triple concept.
Recently, the concept of robots has become an extremely popular concept in A-shares, and the stock prices of related concept stocks including Southern Seiko have soared. It is reported that its subsidiary Kemait's main business belongs to the fields of high-end CNC machine tools and robots, but according to its 2021 annual report, industrial robots' revenue in 2021 was only 0.94%.
At the same time, the TWS chip developed by its holding subsidiary Shanghai Zhencheng has been successfully drilled, and the chip is mainly used in TWS headphones.
In addition, in June this year, Southern Seiko stated that it would supply directly to BYD on the investor relations platform, and BYD is one of the company's important customers.
gathers the most sought-after concepts in the current market, and the market value is less than 10 billion yuan, which also makes some hot money smell "business opportunities". Judging from the buying and selling data released on the Dragon and Tiger List before, Ningbo Sangtian Road, Zhao Lao Ge and other well-known hot money are on the list.
In addition to speculation on hot money, there are also some institutions that ambush early may benefit the fisherman.
Choice data shows that as of the end of the first quarter of this year, three private equity firms appeared among the circulating shareholders of Southern Precision, namely Zhejiang Yinwanste Investment Management Co., Ltd., Shanghai Chengrui Investment Management Co., Ltd., and Beijing Zhuoshi Private Equity Fund Management Co., Ltd., with the three holdings of 6.96 million shares, 6.7 million shares and 6.4 million shares respectively.
If the above three private equity firms have not reduced their holdings since then, and calculated based on the closing price of 19.89 yuan per share of the listed company on the 19th, the market value of these three private equity firms is 138 million yuan, 133 million yuan and 127 million yuan respectively.
The above three private equity firms were among the circulating shareholders who entered the listed company in the first quarter of this year, the first quarter of 2021 and the fourth quarter of 2021. The latter two have not continued to increase their positions since then. Choice data shows that the average share price of Southern Precision at this stage was 10.09 yuan/share, 12.37 yuan/share, and 11.38 yuan/share. If calculated based on the average share price, the cost of the three private equity firms will be 70.2 million yuan, 82.88 million yuan, and 72.83 million yuan respectively.
If the three institutions have not sold during this big rise, each of them will have a floating profit of about 50 million.
Wynn Group is the "funding owner" of Chengrui Investment
Compared with the other two private equity firms, Shanghai Chengrui Investment is more "exclusive" and entered the top ten circulating shareholders as early as the first quarter of 2021.
In addition to being more "feelingful", Shanghai Chengrui Investment also has a deep shareholder background.
Qichacha shows that Shanghai Chengrui is held by Zhejiang Wynn Group, Zhou Qing and Wang Xinyi 55%, 25%, and 20% of the shares respectively, and Zhou Qing has a long-lasting relationship with Wynn Group. It is reported that Zhejiang Yongli Home Textile Technology Co., Ltd. is controlled by Wynn Group, while Zhou Qing serves as a supervisor in the company.
According to the official website of the China Fund Industry Association, Shanghai Chengrui Investment was established in 2010 with 25 employees, a total of 148 products managed, with a management scale of 5 billion to 10 billion yuan.
Wang Xinyi is a legal person. As the company's legal person and shareholder, Wang Xinyi joined Shanghai Chengrui in 2013 and is a typical practical faction. Not only has industrial experience, he has also worked in financial institutions such as Guotai Junan and Shanghai Chongyang, and has served as an analyst and investment manager.
Private Equity Ranking Network shows that Wang Xinyi and Liu Yancao are the company's core fund managers. Yonglong Macro Hedging, managed by Wang Xinyi, was established in 2016. The yield as of August 12 was 62.17%, with an annualized return of 7.85%. The annualized return of the other products with the yield was around 10%.
official website shows that Shanghai Chengrui mainly promotes three product lines: macro hedging, CTA, and stock quantitative timing. Compared with other macro hedging private equity funds, its public performance is relatively ordinary.
, Shanghai Chengrui's profits can be mapped to the secondary market. Judging from the individual stocks it invests in, most of them are small and medium-sized stocks with a market value of less than 10 billion, with holdings below 100 million. Judging from the trend of individual stocks, it is relatively ordinary.
html From the beginning of 1 year to the present, only the stock prices of Southern Precision, Huijia Times, Yuanwanggu and Hanchuan Intelligent are rising. The stock prices of these four companies are 89.55%, 4.05%, 37.01%, and 8.02% respectively; the remaining 10 companies have all declined to varying degrees, among which the stock prices of Baotong Technology, Xiangnong Xinchuang and COFCO Sugar Industry have shrunk by more than 20% this year.
Data source: choice
"Industry and Finance" Wynn Group
Private equity is only a member of the financial territory of Wynn Group.
Wynn Group once started its business in the textile industry and has since extended its business tentacles to the financial field, but in the past two years it has the intention of shrinking its financial territory.
Turn back to 1993. In Shaoxing, where the private economy and capital are also active, Zhou Yongli, who was nearly forty years old, founded Zhejiang Yongli Group. At that time, the company's main business was the textile industry. Later, it formed a development pattern of "light textile as the main and diversified operations", and its products were sold to more than 70 countries and regions.
While its main business is booming, Wynn Group began to turn its attention to the financial industry. It is reported that in addition to Chengrui Private Equity mentioned above, it is currently a shareholder of Ruifeng Bank, Zhejiang Commercial Bank, and Hualong Securities. It holds multiple financial licenses such as bank-security guarantee and financial leasing. It was previously a shareholder of Xintai Life Insurance, but it cleared its holdings in Xintai Life Insurance in August last year.
Specifically, in 2004, Zhejiang Wynn jointly established Zhejiang Commercial Bank with 15 legal entities including Zhejiang Communications Investment and Wanxiang Holdings. Two years later, Zhejiang Commercial Bank successfully listed in Hong Kong, and by 2019 it entered the A-share market again.
According to Zhejiang Commercial Bank's first quarter report, as of the first quarter of 2022, Wynn Group held 558 million shares of the bank, but all of this equity has been pledged.
In addition to Zhejiang Commercial Bank, Zhejiang Wynn Group is also one of the shareholders of Ruifeng Bank. According to data, on June 25 last year, Ruifeng Bank was listed on the main board of the Shanghai Stock Exchange. According to Ruifeng Bank's annual report, as of the end of the first quarter of 2022, Wynn Group held 5999.6822 shares, of which 5990.5858 were pledged.
In addition, Wynn Group also obtained a securities license in 2016. It is reported that at the end of August 2016, Hualong Securities issued a stock issuance plan, with the number of shares to be issued no more than 3.831 billion shares. Four months later, Hualong Securities completed the fundraising.
Among them, Zhejiang Wynn Industrial Group Co., Ltd. subscribed 400 million shares with an amount of 1.044 billion. However, in 2018, Hualong Securities terminated its listing on the New Third Board and is still on the road to A. Data shows that before it delisted, Zhejiang Wynn Group held 400 million shares.
In the insurance field, Zhejiang Wynn Group also has an affair. In 2007, Zhejiang Wynn Group, as one of the initiators, invested 60 million yuan, becoming the largest shareholder of Xintai Life Insurance with Juhua Group. Since then, Wynn Group has been extremely concerned about Xintai Life Insurance. According to incomplete statistics, until the establishment of Zixintai Life Insurance by the end of the first quarter of last year, Zhejiang Wynn invested at least 2.356 billion yuan to increase capital and replenish the blood. However, according to Xintai Life Insurance's "2021 Second Quarter Solvency Report", Zhejiang Wynn has withdrawn from the ranks of shareholders.
Financial industry is just the tip of the iceberg of Wynn Group's huge capital map.
Wynn Group stated on its official website that its industries include industrial and trade industries (light textiles, printing and dyeing, thermal and electricity, catering, commerce), real estate industries (construction, building materials, real estate) and financial industries (stakeholders in banks, insurance, leasing, investment funds). It is a comprehensive enterprise group integrating industrial capital and financial capital, with more than 20 subsidiaries.
