Clearance of Guizhou Moutai in the first quarter (600519ArcaderoomnearmeIn the future, the management scale of the two "mysterious private equity" has also ushered in.ArcaderoomnearmeThe "big dive".
According to the latest data from the China Securities Investment Fund Association, the management scale of Jinhui Rongsheng Wealth has fallen back to 50-10 billion yuan, and the management scale of Ruifeng Huibang assets has shrunk significantly to only 20-5 billion yuan.
According to Wind data, at the time of the 2018 annual report, Ruifeng Huibang assets' product "Ruifeng Huibang No. 3" is now one of the top 10 tradable shareholders in Guizhou Moutai, with 3.5913 million shares. At the time of the 2019 report, Jinhui Rongsheng No. 3, a product of Jinhui Rongsheng Wealth, also appeared among the top 10 tradable shareholders in Guizhou Moutai, with 3.4134 million shares.
Since then until the annual report of 2023, the above two private equity companies have been regular customers among the top 10 shareholders in Guizhou Moutai. By the end of the third quarter of 2023, Ruifeng Huibang No. 3 and Jinhui Rongsheng No. 3 had held 8.9331 million shares and 9.0368 million shares of Guizhou Moutai, respectively, reaching an all-time peak, and the two products had not reduced their holdings in each quarter before that.
Form: position of "Ruifeng Huibang No. 3" in Moutai, Guizhou
Data sources: Wind, interface news collation
Form: position of "Jinhui Rongsheng No. 3" in Guizhou Moutai
Data sources: Wind, interface news collation
Until the fourth quarter of 2023, Ruifeng Huibang assets and Jinhui Rongsheng Wealth changed their previous attitude of continuously increasing their positions and began to significantly reduce their holdings in Guizhou Moutai. As of the 2023 annual report, "Ruifeng Huibang No. 3" and "Jinhui Rongsheng No. 3" held 6.751 million shares and 7.9225 million shares of Guizhou Moutai respectively, compared with the previous reporting period. The number of shares reduced were 2.182 million shares and 1.1143 million shares respectively. By the time of the first quarterly report of this year, the above two products have been withdrawn from the top ten circulating shareholders of Guizhou Moutai. Combined with the latest management scale of the two private equity companies, it is very likely that they have cleared Guizhou Moutai.
In retrospect, the timing of Ruifeng Huibang assets and Jinhui Rongsheng Wealth's large-scale construction of Guizhou Moutai is quite accurate. By the end of 2018 and the first half of 2019, the share price of Guizhou Moutai was 450.55 yuan per share and 859.08 yuan per share respectively. Since then, the stock has soared, reaching an all-time high of 2519.99 yuan per share in February 2021. Although the stock price has dropped significantly since then, by the end of the first quarter of this year, the share price of Guizhou Moutai is still as high as 1702.9 yuan per share, which also means that the two private equity companies have made large bets on Guizhou Moutai in recent years, which is likely to make a lot of profit.
Good Buy Fund Network data show that after Zhongcang bought Guizhou Moutai, the net performance of "Ruifeng Huibang No. 3" and "Jinhui Rongsheng No. 3" is indeed very outstanding. Among them, the annual returns of "Ruifeng Huibang 3" from 2019 to 2022 were 66.55%, 78.49%, 7.94% and-10.28%, respectively, and the annual returns of "Jinhui Rongsheng 3" in 2019 and 2020 were 73.05% and 62.95%, respectively. However, the net value of the two products will not be updated after March 24, 2023 and January 21, 2022, respectively.
Ruifeng Huibang assets was established in December 2014. according to the official website, Li Ziyang, a member of the company's investment team, has started business operation and investment management practice since he was a student, and has managed a number of enterprises, involving energy, electronics and consumer industries. mainly responsible for the company's investment strategy formulation, investment decision review and investment risk control Zheng Songyou has worked in international trade, civil servants, securities firms, private equity funds and other industries, mainly responsible for corporate investment strategy formulation, investment research, corporate analysis and trading decisions.
Jinhui Rongsheng Wealth was founded in July 2015. Zhang Ling, the actual controller of the company, has served as senior manager of Dapeng Securities International Business Department, Joint Securities Asset Management Department, fixed income Department, Fund sales Department Manager and Director of Southern Fund Channel sales Department, Strategic Planning Department and E-Commerce Department. Up to now, Jinhui Rongsheng Wealth has put on record a total of 7 products, of which 4 products were updated with a survival scale of less than 10 million yuan in the first quarter of this year.
It is worth mentioning that due to long-term heavy holdings in Guizhou Moutai, Ruifeng Huibang assets and Jinhui Rongsheng Wealth were once speculated to be the shareholding platform of Duan Yongping, a well-known investor who has been bullish on the stock for a long time. However, after the 2023 annual report released by Guizhou Moutai showed that the two private equity companies began to reduce their holdings in Guizhou Moutai, Duan Yongping said on the social platform on April 3: "Kweichow Moutai, we have not sold a share."
After clearing Guizhou Moutai, what is the latest trend of the two mysterious private equity companies?
According to Wind data, as of the first quarterly report of this year, Jinhui Rongsheng Chengxing No. 1, a product owned by Jinhui Rongsheng Wealth, continued to appear among the top 10 tradable shareholders of Ganfeng Lithium (002460.SZ), with 15.6631 million shares, the same as at the end of the last report period, and a reference market value of 570 million yuan.
In fact, as early as the 2021 annual report, Jinhui Rongsheng Chengxing No. 1 had already become one of the top 10 tradable shareholders of Ganfeng Lithium Industry, with a position of 7.1544 million shares, and then increased its holdings to 15.6631 million shares in the three quarters of 2022. And as of this year, the number of shares in the first quarter has not changed.
As of the first quarterly report of this year, Ruifeng Huibang's products did not appear in the top 10 tradable shareholders of listed companies, but according to Wind data, the company participated in the survey of two listed companies in April, namely 002487.SZ and 002015.SZ.