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Text | Zeng Hui
Gao Zhenshun, born in 1951, has served as an executive of several companies and is now the co-chief executive and executive director of Jingdian (00710). In his early years, he earned tens of billions of dollars in foreign exchange, but later won the laudatory name of "King of Industrial stocks" in the industry because he was good at reorganizing industrial stocks, breaking meat and selling shells. Gao Zhenshun, who was 65 in 2016, is still active in the capital market. Gao Zhenshun has been active in the financial market, a high-risk industry for more than 30 years, and has made considerable achievements. There is an important reason-a gentleman loves to take money from Youdao, Inc.
There are two interpretations of the word "Tao" in Gao Zhenshun, one is method, the other is morality. Needless to say, to cite a few examples: at the end of May 2014, Yingfa International (00439, now Guangqi Science) introduced Liu Ruopeng, the father of the invisibility cloak, as a major shareholder to develop the high-tech project "near Space vehicle". Its shares soared more than 20 times after the deal was completed. Gao Zhenshun's Stabliss participated in the ownership, accounting for about 10% of the reorganized equity, becoming the third largest shareholder, with a cost of 46.4 million yuan to refine into a book value of more than 3 billion yuan.
After that, some of Guangqi's assets were injected into the A-share company Longsheng shares (002625). After the resumption of trading on March 26, 2016, Longsheng shares started a trading board performance, which rose 16 times in a month and a half, which can be described as "one chicken, two meals". Its financial skills are shown incisively and vividly.
Gao Zhenshun's last blockbuster operation also took place in 2015. On May 14, Ma Yun's Yunfeng Fund took the lead in acquiring an 81% stake in Ruidong Group (00376), a securities and investment business owned by Gao Zhenshun, with four investors, spending 2.686 billion yuan. The share price of Ruidong Group rose 60% in the four trading days from May 12 to May 17, 2015, and Gao Zhenshun made a lot of money in this transaction. At present, Gao Zhenshun remains a non-executive director of the company. Ruidong Group officially changed its name to Yunfeng Financial (00376) on November 9, 2016, but its share price did not perform much.
Where does morality begin with the second interpretation of "Tao"? Let's take a look at what stocks the "industrial shell king" operated in 2016 before revealing the answer.
According to Zhitong Financial Statistics, Gao Zhenshun operated a total of six stocks in 2016 (see chart below for details).
Join hands with Jack Ma to share the cultural message.
The story of Gao Zhenshun and Jack Ma continues in 2016. On April 5, 2016, Cultural Communication (00343) issued 4.781 billion new shares at a price of HK $0.21, of which 1.8 billion shares were subscribed. It is worth noting that Jack Ma, chairman of BABA's board of directors, was also involved in subscribing for 71.428 million shares.
The stock price of Cultural Communication was lacklustre in 2016, falling 30.8% for the whole year, and 27.27% on November 18, 2016 due to the news that SUNING had robbed the Premiership copyright. By the close of January 17, 2017, Cultural Communication had reached HK $0.85, and Gao Zhenshun was still more than three times as profitable.
Subscribe for Guangqi Science at a discount of 97%
Guangqi Science (00439) issued an announcement on July 18, 2016. according to the exercise of the exchange right attached to Group B preferred shares, the company allocates and issues about 125 million common shares at an issue price of HK $0.08 per share, a discount of 97.25% compared with the closing price of HK $2.91 per share on the previous business day. These 125 million shares were fully subscribed by Gao Zhenshun.
Although Guangqi Science's share price failed to continue its "myth" in 2016, it continued to be positive. The company's interim results in August 2016 showed that the company's net profit increased by 462% over the same period last year. 106 million Hong Kong dollars. In September, Guangqi Science (00439) designed and built the "Future Valley" project, and a number of future technology business projects were launched. Zhitong Finance learned that the future technology project is the company's establishment and creation of 100 million global innovation communities and the establishment of a global innovation community incubator referred to as "GCI Incubator". The "GCI Incubator" is the first technology fund and incubator set up by a Chinese technology company in Israel, with a total investment of US $300m and an initial investment of US $50 million; it sold its lossmaking printing and packaging business in November; Guangqi Science announced on January 16 that it would invest 230 million yuan in aerospace technology company Gilo to cooperate in the research and development of future space technology.
The United Nations owns China Bank Holdings
On September 5, 2016, China Bank Holdings (00628) issued 2.066 billion new shares and was subscribed, of which 1.653 billion shares accounted for 61.2% of the outstanding share capital, making it its largest shareholder. Gao Zhenshun owns 292 million shares of Huayin International, accounting for 10.84 per cent of the outstanding share capital. This has laid a solid foundation for Gome's layout of Internet finance. On December 23, 2016, China Bank Holdings announced that the board of directors of the company proposed to change the English name of the company from "Sino Credit Holdings Limited" to "Gome Finance Technology Co., Ltd." and adopt the Chinese name "Gome Financial Technology Co., Ltd." as the second name to replace its existing Chinese name "Huayin Holdings Limited", which is currently used only for identification purposes. The change of company name will not take effect until the shareholders' meeting approves it.
Jingdian International: attach importance to providing for the aged and never forget the original ideal and ambition
There were previous media reports that a large proportion of the shareholders of Fine Electric International (00710) were Hong Kong's elderly. The only purpose of their investment in Fine Power is to get a stable dividend return, in other words, their pension fund.
Gao Zhenshun is well aware of this, so Jingdian does not often have a larger capital operation like other companies under his company, taking the opportunity to drive up the share price. The stock price of Jingdian has been quiet for a long time, and there has never been a big move to raise the stock price. The reason is simple: once the company's share price goes up, it may make these elderly people lose their equity, and it will inevitably lead to a decline in the dividend yield.
After joining Jingdian, Gao Zhenshun improved the company's operation in a low profile for a long time, did real business, and then paid a high proportion of dividends. According to the dividend data of fine power reviewed by Zhitong Finance, fine power pays a dividend of HK $0.45 per share, with a dividend ratio of 49.89%.
Profits may not be as good as a single recapitalization in 100 years, but Gao Zhenshun is not the only one in mind. This is rare for people in the industry who are used to fighting in the capital market. This may be Gao Zhenshun's second "Tao".
