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In the past year, Zhongbei Telecom has been regarded as a "guest of honor" by various funds, and its share price has risen by more than 190% since 2023. Such a high increase has also made the actual controllers of Zhongbei Communications eager to move. On the 14th, Zhongbei Communications said that Li Liubing wanted to sell his 5% stake to 4%.Crashbandicootnintendo40 million yuan was transferred to a private equity fund. It is worth mentioning that the current scale of this private placement is less than 500 million yuan.
The Zhongbei Communication, which is "held up" in the capital relay, may "feed" the real controller Li Liubing.
On May 15, Zhongbei Communications said that Li Liubing, the real controller, planned to transfer his 16.76 million shares to Shenzhen Baiyang Private Placement Fund by agreement, accounting for 5% of the total share capital and involving more than 400 million yuan. At present, the scale of this private placement is less than 500 million yuan.
When computing power was hot last year, Zhongbei Communications announced in a high profile that it would join hands with Tide Information, Hengwei Technology and other enterprises to lay out its computing business. This led to a steady stream of funds, public offering, private placement and other institutions have increased their positions. Its share price skyrocketed with the help of capital. From 2023 to May 14, Zhongbei Telecom's shares rose by more than 190%, according to the data.
This also makes Li Liubing, the real controller, ready to move. It is worth mentioning that the private equity products bought and sold Zhongbei Telecom shares in December last year, January, February and April this year.
The real controller has a high position of "picking peaches".
A small private equity firm wants to take a 5 per cent stake from the actual controller for 440 million.
On May 15, Zhongbei Communications announced that Li Liubing, the controlling shareholder and actual controller, intends to transfer its 1676.186 shares to Shenzhen Baiyang Private Equity Fund Management Co., Ltd., accounting for 5% of the total share capital.
It is reported that the transfer price is 26.11 yuan per share, compared with the closing price of China Bay Communications on May 14, 30.23 yuan per share.
The discount is 13.6%, and the total amount of the transfer is about 440 million yuan.
According to industry insiders, shareholders of listed companies have agreed to transfer shares to private equity funds, which to a certain extent can reduce the impact on the stock price of the secondary market.
Obviously, the secondary market did not buy the equity transfer, and Zhongbei Communications closed down 4.57% today.
If the reduction is completed, the number of shares held by Li Liubing, the actual controller, and those who act in concert will be reduced from 8945.92 shares to 7269.734 shares, and the shareholding ratio will be reduced from 26.69% to 21.69%. Accordingly, Bai Yang Qiushi Entrepreneurship No. 1 under Shenzhen Baiyang Private Equity Fund will also successfully become a 5% shareholder in Beibei Communication.
It is worth mentioning that the private placement network shows that Bai Yang private placement was established in October 2015, the current scale is less than 500 million yuan. And from the background of the company, it is jointly owned by three natural persons, namely, 40% by Wang Hanbao, 30% by Zhang Qingqing and 30% by Nie Guanghui. Data from the China Foundation Association show that the survival scale of Yang Qiushi Enterprise No. 1 in the first quarter of 2024 was less than 10 million yuan.
Judging from the time when Li Liubing chose to transfer shares, it is also quite subtle. Since last year, Zhongbei Communications has taken advantage of the east wind of computing business, and its share price has soared all the way. From the beginning of last year to May 14 this year, Zhongbei Telecom's share price changed by 197.84 per cent, according to Choice.
From this point of view, Li Liubing may be intended to fall into the bag for safety.
It should be noted that this private equity company intersected with Zhongbei Communications in December last year. The private placement bought and sold shares of the listed company in December last year, January, February and April this year, but the number was not large, buying 1000 shares, 700,800,400 shares respectively, selling the same number as buying.
The calculation power of "rubbing" has increased by more than 200%.
The market changes in 2023, but AI has become one of the few bright sectors, and "AI" is the most appropriate description of last year's market.
Based on this, the cross-border computing business of listed companies became a trend last year, and Zhongbei Communication is no exception.
Over the past year, there have been numerous companies that have joined hands with them to lay out their computing business. Among them, there are many well-known enterprises in the market, such as Tide Information, Hengwei Technology, Qinghai Unicom and so on.
Judging from the relevant results, according to the 2023 performance report of Zhongbei Communications, last year it launched the first phase of Wudang Computing Cluster and the first phase of Qinghai Sanjiangyuan Computing Cluster for commercial use, and completed the online operation of the intelligent operation platform, heterogeneous scheduling platform and cluster monitoring platform. Among them, the Hefei Intelligence Center project, with a total investment of 850 million yuan, mainly provides computing services to customers in the Yangtze River Delta and its surrounding areas, and is expected to be put into use in June 2024.
Entering 2024, Zhongbei Communication is still in the plus-code computing business. On April 11 this year, Zhongbei Communications announced that it signed a service contract with Jinan Supercomputing Center Co., Ltd., involving a capital of about 730 million yuan.
Zhongbei Communications, which has announced the layout of the computing business many times, has also been favored by a lot of funds. Take public offering funds as an example. At the end of 2022, five funds held 456900 shares of Zhongbei Communications, with a total position market value of 4.6781 million shares.
By the end of June 2023, a total of 16 funds held 474100 shares of Zhongbei Communications, with a market capitalization of about 8.0835 million yuan. Since the second half of the same year, public offering funds have accelerated the influx of Zhongbei Communications. Data show that by the end of 2023, 31 funds held 608900 shares of Zhongbei Communications, with a market capitalization of more than 20 million yuan.
In addition to public funds, foreign capital, private placement also prefer it. For example, in the second quarter of last year, funds owned by Zhejiang Jiahong assets
It has become one of the current shareholders of the company with 2.99 million shares. In the third quarter of the same year, JPMorgan Chase became one of the outstanding shareholders with 2.44 million shares. In addition, UBS AG became the tenth largest tradable shareholder with 1.34 million shares in the quarter.
When money poured in, Zhongbei Telecom reached a high of 50.63 yuan per share on November 26, 2023, the highest price since its listing, and the share price rose by more than 200% in only half a year or so.
Performance depends on the three major operators
The stock price is elated, and the performance of Zhongbei Communications is also good, especially in recent years.
Specifically, in 2017, after the revenue of Zhongbei Communications broke through the 1 billion yuan mark, it advanced by leaps and bounds, and three years later it quickly crossed the threshold of 2 billion yuan.
From 2022 to the first quarter of 2024, it is booming. Data show that its revenue at this stage is 2.643 billion yuan, 2.862 billion yuan and 729 million yuan, while the net profit for the same period is 202 million yuan, 111 million yuan and 146 million yuan.
From the perspective of specific business sectors, there are mainly three major sectors, namely, 5G new infrastructure, smart city new services, optoelectronic products and itsCrashbandicootnintendoHe, taking the performance in 2023 as an example, the three sectors accounted for 78.57%, 20.2% and 1.18%, respectively.
It is reported that its new 5G infrastructure and smart city, which covers most of the provinces in China, is an important service provider for China Mobile, China Telecom, China Unicom and China Tower.
It can also be said that the increase in the performance of China-Bay Communications in recent years depends on the three major operators. In its 2023 annual report, it pointed out that customers are mainly concentrated in China Mobile, China Telecom and China Unicom. In 2023, the company's operating income to the top five customers was 1.0427495 billion yuan, accounting for 36.58% of the company's operating income, with a high degree of customer concentration.
However, under the continuous bet on the computing business, the hematopoietic capacity of Zhongbei communication is far from keeping up with the rate of payment. As of the end of the first quarter, the short-term loan reached 1.268 billion yuan, while the monetary fund in the same period was only 389 million yuan.
In the follow-up, Zhongbei Communications also plans to invest more money in the computing business, which is also a test of its financial pressure.