Hillhouse Capital has made another big move!
Hillhouse Group spent 1.6 billion yuan to participate in Oriental Yuhong private placement
On the evening of April 1, Oriental Yuhong disclosed a report on the issuance of A-shares in private placement, and determined that the issuance price of this is 45.5 yuan per share, the number of shares issued was 176 million shares, and the total amount of funds raised was 8 billion yuan. The issuance targets were finally determined to be 13, of which, Tianjin Liren Investment Management Partnership, a subsidiary of Hillhouse Capital, received an allotment of 931 million yuan, Zhuhai Xuyuan Dingfeng Equity Investment Partnership, which is also a Hillhouse Group, received an allotment of 670 million yuan, and Ruiyuan Fund received an allotment of 300 million yuan.
Before this, Hillhouse Capital had never appeared among the top ten circulating shareholders of Oriental Yuhong . Judging from the shareholder situation at the end of the third quarter of last year alone, among the top ten circulating shareholders of Oriental Yuhong , a group of star funds gathered, as well as Central Huijin, QFII and northbound funds.
This time, Hillhouse Capital rarely enters Oriental Yuhong , which is undoubtedly optimistic about the company's future prospects. Oriental Yuhong is the leader in the waterproof materials industry, with a latest market value of 121.8 billion yuan. The company's net profit has maintained a growth state since its listing. In 2020, the company's net profit reached a new record of 3.4 billion yuan, a year-on-year increase of 64.45%. Oriental Yuhong is also a rare long-term blue-chip stock in the capital market. Since its listing in 2008, the company's stock price has increased by more than 80 times.
month K-line
The two photovoltaic leaders laid out by Hillhouse Capital have shrunk by more than 8.5 billion
As the top investment institution in the investment industry, Hillhouse Capital's holdings trends have attracted much attention from investors. However, due to the large-scale retreat of stocks that have been grouped together after the Spring Festival, the stocks that Hillhouse Capital has deployed in recent months are facing the dilemma of a sharp decline in floating profits.
information shows that on February 18, Hillhouse Capital spent US$200 million (approximately RMB 1.3 billion) to participate in the latest round of targeted share issuance of Hong Kong stock BYD shares (01211.HK), with a subscription price of HK$225 per share. As of the close of March 22, BYD shares were at HK$177.5 per share. Based on this calculation, Hillhouse Capital suffered a floating loss of 21.11%, with a floating loss of about 274 million yuan (not taking into account the influence of exchange rate and other factors).
Tianjin Liren Investment Management Partnership (Limited Partnership) participated in BGI's private placement for 503 million yuan, with an issue price of 145 yuan/share. As of the latest closing, the share price was 122.52 yuan/share. Hillhouse Capital lost 15.5%, with a floating loss of about 78 million yuan.
The two leading photovoltaic leaders Longi Green Energy Technology Co., Ltd. and Tongwei Co., Ltd. , which were invested earlier, had a maximum floating profit of 12.6 billion yuan and 490 million yuan respectively. Now the floating profit has dropped to 4.4 billion yuan and 91 million yuan respectively, with a total shrinkage of 8.56 billion yuan.
2 Home appliances white horse total repurchase amount exceeds 10 billion
Listed companies actively repurchase, indicating that they believe that the current stock price is undervalued. At this time, repurchase can save a lot of costs and can also provide support to the stock price. Generally speaking, the larger the repurchase amount, the greater the support for the stock price.
Securities Times·Databao statistics show that since March, excluding repurchases for the purpose of equity incentive cancellation, more than 230 listed companies have released repurchases or new repurchases. According to the announcement data of listed companies, there are 6 companies with repurchase amounts of more than 500 million yuan, namely Midea Group , Gree Electric , Yonghui Supermarket , Hang Seng Electronic , Shunfa Hengye , and Hengyi Petrochemical. The total repurchase amount of the two home appliance white horses, Midea Group, and Gree Electric Appliances, , exceeded 10 billion yuan. Judging from the strength of the repurchase after the Spring Festival, the repurchase amount of the two home appliance companies is still ranked first and second.
Midea Group repurchase amount is the highest, reaching 6.2 billion yuan. On the evening of March 17, the company released the latest repurchase progress, with a total of 70.996 million shares repurchased, accounting for 1% of the total share capital, and the total payment amount was 6.2 billion yuan. If calculated based on the upper limit of 100 million shares of the repurchase plan, Midea Group has completed a 71% pre-order quota. Within 15 trading days, 6.2 billion yuan was spent to repurchase 1% of the shares, which was equivalent to an average repurchase of 413 million yuan per day. Against the backdrop of the recent collective decline of "group stocks", the repurchase price of Midea Group is between 81.02 yuan/share and 95.68 yuan/share, which is significantly lower than the upper limit of 140 yuan/share for repurchase stock price.
Home appliances Another giant Gree Electric Appliances repurchase amount ranked second. The company announced on the evening of April 1 that as of March 31, 2021, the company's second phase repurchase plan repurchased a total of 74.51 million shares of the company through centralized bidding, accounting for 1.24% of the company's total share capital as of March 31, 2020. The highest transaction price was 61.95 yuan per share, the lowest transaction price was 56.46 yuan per share, and the total payment amount was 4.421 billion yuan. Among the companies with a market value of over 100 billion yuan, Haier Smart Home , Baosteel Co., Ltd. , Yiwei Lithium Energy , China Unicom, UFIDA Network, and Baofeng Energy also announced the progress of the repurchase implementation. Among them, Haier Smart Home, Baosteel Co., Ltd. and China Unicom have repurchased shares account for less than 10% of the repurchase plan. The impact of
repurchase on the stock prices of listed companies is obvious. Data shows that 31 companies that are implementing repurchases have accumulated a cumulative increase of more than 10% since March, while the Shanghai Composite Index fell 1.22% during the same period. The top five with the largest increase are Qianjing Garden, ST Dehao, Jingneng Electric Power, Sanlipu and Ribo Fashion.
list of companies planning to repurchase large amounts is released
Which other companies plan to implement repurchase? According to statistics, there are 44 listed companies that have announced plans to repurchase since March. According to the upper limit of the repurchase price, the total repurchase amount is expected to be 17 billion yuan. The maximum repurchase limit for Haier Smart Home, China Unicom, Bohui Paper, and UFIDA Network is expected to exceed 1 billion yuan.
Haier Smart Home plans to repurchase the highest amount. On March 6, the company announced that it plans to repurchase no more than 4 billion yuan and no less than 2 billion yuan of company shares, and the repurchase price will not exceed RMB 46 per share. The share repurchase plan will be used for equity incentives/employee stock ownership plans.
China Unicom announced on March 12 that the company plans to repurchase the company's A-share shares at a price of no less than RMB 1.25 billion, not more than RMB 2.5 billion, at a price of no more than RMB 6.5 per share. The repurchase period is no more than 12 months from the date on which the company's board of directors reviewed and approved the repurchase plan.
Some companies repurchase speed is very fast. Dongwu Securities issued a repurchase plan on March 6, and announced on April 1 that it would complete the repurchase, with the final repurchase amount of 222 million yuan. Xingsen Technology released a repurchase plan on March 19, and announced it was completed on March 30, with a total repurchase of 141 million yuan. Other repurchase plans were released in March, and Guangzheng Ophthalmology and Feilu Co., Ltd. were completed within the month. However, the repurchase amounts of the above two companies were relatively low, completing repurchases of 20 million yuan and 10 million yuan respectively. (Data treasure Liang Qiangang)
