Gong Hongjia has cashed out again!
On the night of March 4,HikvisionAn announcement was issued. From November 6 last year to March 3 of this year, Gong Hongjia, the second largest shareholder and vice chairman, reduced his holdings by a total of 113,103,400 shares through major transactions, accounting for 1.21% of the company's share capital. After this change, Gong Hongjia's shareholding in Hikvision fell from 11.62% to 10.41%, and is still the company's second largest shareholder.
Public information does not show the average transaction price of Gong Hongjia's holdings this time. Hikvision's stock price during this period was 44 yuan at its lowest and 69 yuan at its highest. Even at the lowest stock price, the reduction in holdings of 113 million shares was close to 5 billion yuan.
Actually, Gong Hongjia's reduction in holdings is nothing new. According to data from Tonghuashun iFind, since 2011, Gong Hongjia has reduced his holdings of Hikvision by a total of 703 million shares. The average transaction price ranges from 22 yuan to 45 yuan, with a cumulative cash out of about 25 billion yuan.
According to public information available, Gong Hongjia was Hikvision's shareholder before the IPO. At the time, he held about 124 million Hikvision shares, accounting for 24.795% of Hikvision's total share capital when it was issued and listed. According to Hikvision's prospectus, Gong Hongjia invested 2.45 million yuan when Hikvision was founded, with an investment ratio of 49%.
As of March 4, 2021, Gong Hongjia still holds 972.5 million shares of Hikvision. Based on Hikvision's latest stock price of 57.95 yuan, the corresponding market value is 56.3 billion yuan. In addition to the 25 billion yuan already cashed out mentioned above, the cumulative corresponding value is about 81.3 billion yuan. Compared with the initial investment of 2.45 million yuan, this means that the return on investment of Gong Hongjia's shares in Hikvision is more than 33,000 times greater.
Gong Hongjia's record for reducing holdings. Data source: Flush iFind