Financial Services Association, March 28 (Reporter, Shen Shuhong) The annual reports of listed companies are being closely disclosed, and the position routes of Star Private Equity Funds have also been revealed.

As of March 27, a total of 16 10 billion private equity products have now appeared in the list of the top ten tradable shareholders disclosed in the 2023 quarterly reports of 30 listed companies, with a total market value of 25.221 billion yuan. Judging from the changes in the number of shares held, the 10 billion private equity fund increased its holdings in 3 listed companies, 9 newly listed companies, 10 listed companies with unchanged holdings, and reduced their holdings in 8 listed companies.

According to recently disclosed data, as Qiu Guogen, the head of strategic investment in Chongyang, has a “good heart”. The total market value of SF Holdings held by the two products it manages, the Chongyang Strategic Talent Fund and the Chongyang Strategic Intelligence Fund at the end of the fourth quarter of last year was nearly 2.3 billion yuan. In the relevant repurchase announcement disclosed in January, he once again increased his holdings of this stock.

In the same period, Linren Excellent Changqing Private Equity Investment Fund, managed by Gao Lin's Shanghai Linren Private Equity Fund, held 6.022,300 shares of Shanghai Electromechanical, down 6.395,500 shares from the previous quarter; the two products of Freshwater Spring held 9.3992 million shares and 9.0856 million shares of Beixin Construction Materials, with a total market value of 432 million yuan; the two private equity funds managed by Dong Chengfei also entered the list of the top ten tradable shareholders of Lexin Technology for the first time, with a total market value of 112 million yuan.

Qiu Guogen is deeply attached to SF Holdings

Since entering the list of the top ten tradable shareholders of SF Holdings in mid-2022, SF Holdings has always been the “favorite” of Qiu Guogen, the head of strategic investment in Chongyang.

At the time, Chongyang Strategic Investment's two products, Chongyang Strategic Intelligence Fund and Chongyang Strategic Intelligence Fund, were newly added as the sixth largest tradable shareholder and tenth largest tradable shareholder of SF Holdings, respectively. The number of shares held was 39.344 million shares and 194.12,400 shares respectively. The total number of shares held was 587.618 million shares, with a total market value of nearly 3.3 billion yuan. The number of shares held remained the same or increased over the next few quarters, until 2023.

After the 2023 three-quarter report briefly disappeared from the list of the top ten tradable shareholders of SF Express Holdings, Chongyang Strategic Investment once again returned to the company's top ten tradable shareholders in the fourth quarter of 2023. Its subsidiary Chongyang Strategic Intelligence Fund and Chongyang Strategic Intelligence Fund held 283.13,400 shares and 28.029,800 shares respectively, with a total market value of nearly 2.3 billion yuan.

Furthermore, according to the shares held by the top ten shareholders and the top ten shareholders with unlimited sales conditions announced by SF Express Holdings on January 31, Chongyang Strategic Intelligence Fund once again increased the company's holdings to 298.13,400 shares. The total number of shares held in the two products was 578.433 million shares, with a total market value of nearly 2 billion yuan.

Overall, since Qiu Guogen took a heavy position with the company in mid-2022, the stock price of SF Express Holdings once broke through to 61.36 yuan in mid-January 2023, but since then it has been on a downward trend. It reached a low of 32.93 yuan on February 5 this year, and then picked up somewhat.

According to the annual report of SF Express Holdings, the company achieved operating income of 258.4 billion yuan in 2023, a year-on-year decrease of 3.39%; net profit to mother was 8.23 billion yuan, an increase of 33.4% over the previous year. As of December 2023, the number of individual members of SF Express exceeded 663 million, an increase of about 79 million over the same period last year, an increase of 13.5% over the previous year. The company broadens contact points with consumers through online and offline channels to ensure the growth of the loose order business.

At the performance briefing held on March 26, SF Holdings executives said that the company saw opportunities to penetrate the supply chain scenario in emerging industries and expand upstream. Furthermore, SF Express will make full use of its existing resources and advantages and continue to step up in several areas, such as launching new products and exploring new scenarios.

Gao Lin Ren Private Equity Fund reduces holdings in Shanghai Electromechanical

By the end of 2023, the Linren Excellent Evergreen Private Equity Investment Fund, managed by Gao Lin Ren Private Equity Fund, held 6.022,300 shares of Shanghai Electromechanical, down 6.395,500 shares from the previous quarter, and the market value of shares held also dropped from 187 million yuan to 71 million yuan. Despite a reduction in holdings, the product is still the third largest trading shareholder in Shanghai Electromechanical.

According to public information, Linren Private Equity Fund tied the knot with Shanghai Mechatronics in the fourth quarter of 2021. At the end of 2021, Excellent Evergreen Private Equity Investment Fund became the third largest tradable shareholder of the company, holding 268.605 million shares and holding a market value of 428 million yuan.

In the third quarter of 2022, Excellent Evergreen Private Equity Investment Fund reduced its holdings of the stock by 10.283,200 shares to 16.5773 million shares, leaving only 186 million yuan in market value. In the fourth quarter of 2022 and the fourth quarter of 2023, Lin Ren Private Equity Fund also reduced its holdings of the stock by 4.159,500 shares and 6.395 million shares, respectively.

By the end of 2023, the stock price of Shanghai Electromechanical had dropped by 20.82% in the past two years. During this period, the company's stock price experienced several ups and downs, falling to 10.10 yuan in April 2022 and rising to 17.76 yuan in July last year. At the beginning of February 2024, the company's stock price once again fell to a low of 9.92 yuan.

According to Shanghai Electromechanical's 2023 annual report, the company's revenue last year was 22.321 billion yuan, down 5.30% year on year, achieving net profit of 1 billion yuan, up 1.88% year on year, achieving net cash flow from operating activities of 1,225 billion yuan, an increase of 82.35% year on year, and a balance ratio of 56.45%, down 2.00 percentage points year on year.

The private equity holdings of these celebrities have also been released

In addition to the private equity positions revealed above, 10 billion private equity holdings such as Yingshui Investment, Renqiao Asset, Xuanyuan Investment, Ningquan Asset, Tamsui Spring, Yinye Investment, Dunhe Asset Management, Ruijun Asset, Juming Investment, Aifang Asset, and Panjing Investment have also gradually come to light.

For example, the Freshwater Springs Global Growth Phase 1 and China Resources Trust and Freshwater Springs Balance Phase 5 pooled fund trust plans held 9.3992 million shares and 9.0856 million shares of Beixin Construction at the end of 2023, respectively, with a market value of 220 million yuan and 212 million yuan respectively, for a total of 432 million yuan.

The company became the tenth largest tradable shareholder of Beixin Construction Materials in the first quarter of 2023. At the time, the product holding this stock was the Freshwater Springs Global Growth Phase 1 Private Equity Investment Fund. The number of shares held was 8.6926 million shares, and the market value of the shares held was 233 million yuan.

In the same period, foreign investors such as the Bill & Melinda Gates Trust, the Canadian Annuity Plan Investment Board, the Central Bank of Norway, and Abu Dhabi Investment Authority all held heavy positions in the stock.

For several quarters since then, Tamsui Springs has been on the company's top ten tradable shareholders list.

In 2023, Beixin Construction achieved revenue of 22.43 billion yuan, up 11.3% year on year; realized net profit of 3.52 billion yuan, up 12.1% year on year; realized revenue of 5.38 billion yuan corresponding to the fourth quarter, up 15.0% year on year, and realized net profit of 770 million yuan, down 3.4% year on year. It is worth mentioning that the company's waterproof business saw a sharp increase in revenue during the year, turning a loss into a profit; the paint business improved its layout in the field of construction and industrial coatings by acquiring remaining shares in Garbo and Lighthouse Coatings.

The 10 billion private equity Panjing Investment products, Panjing Wenheng and Panjing Wenheng Phase 2, both reduced their holdings of Cinda Real Estate last year. The number of shares held was 10.7615 million shares and 10.7583 million shares respectively, with a total market value of 78 million yuan.

According to Cinda Real Estate's annual report, the company achieved operating income of 11.420 billion yuan in 2023, down 37.42% from 18.248 billion yuan in the same period last year; realized net profit attributable to the parent company of 505 million yuan, down 8.18% from 550 million yuan in the same period last year. By the end of 2023, the company had total assets of 82,655 billion yuan, total liabilities of 57.383 billion yuan, and a balance ratio of 69.43%.

Another 10 billion private equity firm, Ruijun Youfu No. 1 and Ruijun Youfu No. 3, which are owned by Ruijun Assets, were newly added to the list of the 8th and 9th largest tradable shares of Lexin Technology. The number of shares held was 588,300 shares and 493,600 shares, respectively. The market values of the shares held were 61 million yuan and 51 million yuan respectively, for a total of 112 million yuan.

This is also the first time that the above products have entered the company's top ten tradable shareholders list. According to public information, both products are managed by Star Fund manager Dong Chengfei.

Financial reports show that Lexin Technology has broken out of its performance trough in 2023. Net revenue and net profit both increased year on year, and accounts receivable rose. Among them, the company's total revenue was 1,433 billion yuan, up 12.74% year on year, and net profit to mother was 136 million yuan, up 39.95% year on year. According to single-quarter data, total revenue for the fourth quarter was 406 million yuan, up 26.19% year on year, and net profit returned to mother for the fourth quarter was 49.0355 million yuan, up 263.9% year on year.

Previously, the company was affected by the decline in downstream semiconductor terminal customer business. In 2022, its performance declined sharply. Both revenue and net profit grew negatively, and net profit fell by more than 50%.