Hillhouse Capital Group . An investment group focusing on long-term structural value investment, and he is also the largest investment fund in Asia with the largest asset management scale. Hillhouse Capital focuses on the primary and secondary markets of . Its share in A-share market is not much, but it does not hinder its well-known name as the "golden investor" master. Founder Zhang Lei When he was founded in 2005, his first investment was to buy Tencent Holdings in the Hong Kong market. In 2005, the share price of Tencent was basically only 5 yuan, with a market value of 10 billion yuan. Now Tencent has become one of the most powerful companies in the world and is also the "share king" of the Hong Kong Stock Exchange As of today, Tencent's market value is 3.3 trillion Hong Kong dollars, more than 300 times!
Hillhouse Capital has not had a lot of share in A shares in in recent years, and many investments are in a long-term direction. Due to the in-depth adjustment of market in the first quarter, as of today, Hillhouse Capital has appeared in the list of top ten shareholders of 14 A-share listed companies, with a total holding of 670 million shares, with a market value of 50.8 billion yuan, a decrease of nearly 16% from 60.2 billion yuan at the end of last year. Currently, holds as follows:
Longi Green Energy Technology Co., Ltd. : Hillhouse Capital entered the market for 70 yuan in the first quarter of 2021, and currently has profits , ranking third largest shareholder. [The world's largest single crystal photovoltaic manufacturing company] The company is committed to solar power generation solutions, mainly engaged in the research, development, production and sales of single crystal silicon rods, silicon wafers , batteries and modules. It has now developed into the world's largest single crystal silicon wafer and module manufacturing company. In the first half of 2021, the company's component shipments continued to be the first in the industry.
Haizheng Pharmaceutical :Hillhouse Capital entered the market in the first quarter of 2019. Currently, it has a loss of about 15% , ranking second largest shareholder. [Comprehensive Pharmaceutical Enterprise] The company is a comprehensive pharmaceutical enterprise integrating R&D, production and sales value chain, integration of raw materials and preparations, and development in multiple regions. The company mainly engages in the research, development, production and sales of chemical raw materials and preparations, including: chemical raw materials business, preparation business, biological medicine business and pharmaceutical business.
Broadcasting : Hillhouse Capital is currently losing money , which entered the market in the second quarter of 2020 and is currently ranked the seventh largest shareholder. [Building Informatization] The company is based in the construction industry and focuses on the entire life cycle of engineering projects, providing customers with digital software and hardware products, application solutions and related services. The company's business field has expanded from a single budget software to multiple business fields such as digital cost, digital construction, and digital design, covering tool software, solution, big data, mobile Internet, cloud computing , smart hardware equipment, industrial financial services and other business forms.
Gree Electric Appliances : is currently in a significant loss and is the single largest shareholder of Gree . [Diverable and Technological Global Industrial Group] Gree Electric is a diversified and Technological global industrial group. It has three major brands: Gree, TOSOT and Jinghong. Its products cover two major fields: household consumer products and industrial equipment, including household air conditioners, HVAC , refrigerators, washing machines, water heaters, kitchen appliances, environmental appliances, communication products, smart buildings, and smart homes; industrial fields including high-end equipment, precision molds, refrigeration and refrigeration equipment, motors, compressor , capacitor , semiconductor devices, precision casting, basic materials, industrial energy storage, and renewable resources.
Conch Cement : currently ranks the seventh largest shareholder. [Cement Faucet] The company's main business is the production and sales of cement, commercial clinker, aggregate and concrete. According to market demand, the Group's cement varieties mainly include 32.5 grade cement, 42.5 grade cement and 52.5 grade cement. The products are widely used in railways, highways, airports, water conservancy projects and other large-scale infrastructure construction projects, as well as urban real estate development, cement products and rural markets.
Bull Group : currently ranks the seventh largest shareholder.[Electrical connection, smart electrical lighting, digital accessories] Focus on three major business segments: electrical connection, smart electrical lighting, and digital accessories. The electrical connection products are mainly converters. Smart electrical lighting products mainly include wall switches, sockets, LED lighting, circuit breakers, , household appliances, smart door locks and other products. Digital accessories are mainly digital accessories products. The company ranked first in converter products and wall switch socket products in Tmall market online sales.
Shanghai Mechanical and Electrical : Entered the market in the fourth quarter of last year and is currently ranked third largest shareholder. [Mainly engaged in elevator manufacturing] The company's business involves elevator manufacturing, refrigeration and air conditioning equipment manufacturing, printing and packaging machinery manufacturing, hydraulic product manufacturing, welding equipment manufacturing, artificial board machinery manufacturing, engineering machinery manufacturing and motor manufacturing, etc., and has jointly cooperated with world-renowned enterprises such as Mitsubishi Electric , Nabotesk, Carrie, Rego Blauit, Dechang, and ABB.
Lizhu Group : entered the market in the fourth quarter of last year and is currently the sixth largest shareholder. [Mainly engaged in innovative pharmaceutical products] The company focuses on the research and development, production and sales of pharmaceutical products, focusing on the innovative pharmaceutical business, and continuously strengthening the advantages of innovative drugs and high-barrier complex preparation platforms, impacting and breaking through higher growth barriers, and striving to achieve high-quality development of the enterprise. The company's products cover preparation products, raw materials and intermediates, as well as diagnostic reagents and equipment.
Broadcast and TV measurement : This stock Hillhouse Capital, Gaoyi Assets, Ruiyuan amm among the top ten shareholders. [Testing Service Organization] A national and comprehensive independent third-party metrology and testing technical service organization with professional and technical services such as metrology services, testing services, EHS evaluation and consultation as its main business, and has operating qualifications such as CMA, CNAS, CATL and special industry qualifications.
Bafang Shares: entered the market in the fourth quarter of last year and is currently ranked the tenth largest shareholder. [ electric treadmill motor and supporting electrical system] It is mainly engaged in the research and development, production, sales and technical services of electric treadmill (i.e. electric moped) motors and supporting electrical systems. The company's products are mainly used in electric treadmills. Hillhouse Capital has not moved the stocks above
and has been holding them all, and most of them are currently losing money due to the market.
In terms of reduction of holdings:
CATL : In the first quarter, Hillhouse reduced its holdings by 3.765 million shares, and after the reduction, the number of shares held was 38.8419 million shares, ranking the eighth largest shareholder. It is Hillhouse's second largest holding in the A-share market, with a market value of approximately 15 billion yuan. In July 2020, Hillhouse Capital subscribed 62.1118 million new shares of CATL at a price of 161.00 yuan. Ningwang has been rising, Hillhouse has been reducing its holdings, and now it is half of it. There is no need to introduce King Ten Yi Ning, you can understand it if you understand it.
liangpinpuzi : This is the original that entered the market. After the ban is lifted, it has reduced its holdings all the way and is currently ranked fifth largest shareholder. I know what I do, and I often buy it. According to the financial report, the company achieved revenue of 2.942 billion yuan in the first quarter, a year-on-year increase of 14.30%, net profit attributable to shareholders of 93 million yuan, a year-on-year decrease of 8.86%, and net profit attributable to shareholders of 62 million yuan, a year-on-year decrease of 31.24%. Profits with non-recurring items were lower than expected.
super-picture software: private placement has now withdrawn from the top ten shareholders.
Hualan Bio: withdrew from the top ten shareholders.
BGI : withdrew from the top ten shareholders.
There are two new stocks in the first quarter of this year
Xingqi Eye Drugs : Currently ranks the tenth largest circulating shareholder, and the current cost price for entering the market in the first quarter is likely to be around. [Ophthalmic Drugs] Focusing on the field of ophthalmic drugs, it is a professional enterprise mainly engaged in the research, development, production and sales of ophthalmic drugs. Its main products are ophthalmic prescription drugs. According to the financial report, the operating income in the first quarter of 2022 was RMB 302 million, a year-on-year increase of 45.73%, and the net profit attributable to shareholders of listed companies was RMB 74 million, a year-on-year increase of 123.36%. Performance exceeded expectations.
Huarong Co., Ltd.: entered the market in the first quarter and is currently ranked tenth largest shareholder. The leading domestic explosion-proof electrical appliances and professional lighting equipment suppliers, and is also beginning to layout the new energy field.
In September 2020, Zhang Lei published the book "Value", which tells his personal history, investment philosophy and methods, and his self-cultivation thinking about value investors. A simple summary is to be a friend of time. In his opinion, the first priority of short-term cycles is not that important. Many things are very problematic in the short term, but once you lengthen it, it is not that important. The flow of water does not compete for the first place, and the endless waves are struggling. Hillhouse Capital is mainly in the primary market. Because the information channels and the information obtained are different, it is easier to make money. It does not have that much in the secondary market of A-shares. I guess it may be that it doesn’t look down on it. Many of them are high dividend industries and are the leaders of sub-sectors. Do you think Zhang Lei’s stock has a chance to find a bargain?
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