Black history frequent stocks soared, legging culture only because of rubbing into the meta-universe?

Recently, Legg Mason Culture (stock code: 002699) has continuously reported bearish news, due to the controlling shareholder's large amount of non-operating funds, the reduction of holdings and other violations of the law, the company has received warning letters from the CSRC and public reprimands from the Shenzhen Stock Exchange and other disciplinary penalties.

However, the above did not stop investors' enthusiasm for the meta-universe, and Legg Mason Culture was regarded as a "meta-universe" concept stock through replies on the interactive platform, and it was continuously boarded for five consecutive days. As of today's close, the stock price has risen again and reached a new high in one year.

Why are stocks with frequent black history soaring?

Legg Mason Culture was reported by independent directors to issue a warning on December 10 about the non-operating capital occupation of controlling shareholders, saying that its controlling shareholder, Legg Mason Group, had raised a total of $770 million from January to September 2021.

Among them, the company occupied 462 million yuan by directly transferring funds to controlling shareholders and affiliated companies; 244 million yuan through foreign investment; 3,483,400 yuan by providing loans to suppliers; and 60 million yuan through the return of loans to controlling shareholders by related parties As of September 30 this year, the major shareholders have repaid 3.01 yuan and the outstanding amount has reached 468 million yuan.

Zhao Xiaoqiang is the actual controller of Legg Mason Culture, the actual controller of Hongsheng Investment and Legg Mason, as can be seen from the third quarter report, Legg Mason and Hongsheng Investment own 31.87% and 2.25 shares of Legg Mason Culture respectively, Zhao Xiaoqiang owns 19.64% of the equity, Zhejiang Zhejiang Shangsheng Investment Co., Ltd., Zhejiang Zhejiang ShangSheng RongRong Holding Co., Ltd., Zhejiang Shang Shang RongLe Investment (Shanghai) Co., Ltd

In fact, the crisis of major shareholders has a long history and is getting worse this year. According to the Tianyan APP, Legg Mason has received a number of cases in the past year, involving billions of yuan.

Since September 2020, Legg Mason Hassan has been enforced by the court to restrict consumption, and the company and Zhao Xiaoqiang's company have also been banned from high consumption and non-work and daily expenses.

The recent surge in stock prices is largely due to the concept of a "metacosm" involving businesses. It is reported that legging culture's main business is IP derivatives, animation, games and other cultural products and advertising release, due to policy and other reasons, The True Fun Network will shift from light game platforms to content distribution and data services in 2020.

Legg Mason's revenue sources are: IP derivative products, light game service platform, toy production three major businesses, of which revenue accounted for 33.03%, 33.58%, 27.89%. In October, Legg Mason Culture responded to investors' questions on an interactive platform: "The company began to dabble in the AR/VR field in 2015 and 16, and Meta-Universe (Shenzhen) is a subsidiary of Legg Mason Audemars Piguet. ”

It can be found that the meta-universe can not actually benefit the company now but makes the stock price inexplicably rise, which makes many investors very speechless, feeling that dreaming back to the craze of Internet concept stocks in 2015.

The metaverse concept has many black historical targets

Recently, a major "demon stock" in the meta-universe, Qingbao, has ushered in a nearly five-fold increase since September, but the stock has always been suspected of rubbing heat, and eight years ago, with the power of mobile Internet, coupled with the concept of mobile games, the stock price soared. Yang Xuechu, the "first bookmaker in Hunan", was also fined nearly 400 million yuan by the CSRC. In 19 years, Zhongqingbao has taken advantage of the trend of blockchain to raise its stock price. As an investor, you should be more cautious about investing in individual stocks that simply rub this concept.

As a researcher who has achieved a lot of results in the field of metaversm, Professor Shenyang of the New Media Research Center of Tsinghua University proposed that there are truths and falsities in the metacosm, and there are also differences in development forms.

One class is called pseudo-metaversities. That is to say, it is known as a metacosm, but it is not a metacosm, and it is purely a sheep's head and selling dog meat.

The second category is called the "quasi-metacosm". Its main medium is still mobile phones, computers and other screen terminals, products with open attributes, with a large number of virtual people. At present, the most important form of expression of the "quasi-meta-universe" is video games, which is also the stage in which most of our products are currently located.

The third category is the "low-end metaverse". Compared with the "quasi-meta-universe", it is mainly built on a series of technologies of VR/AR, and has been upgraded at the entrance level of visual interaction. The fourth and fifth categories are the realization of the ultimate goal of human beings such as consciousness transmission, digital consciousness, and digital immortality.

Therefore, in the metaverse, there is also truth in nature, the metacosm is not a short-term arbitrage hype, it is the forefront of science and technology, not overnight.

At present, the meta-universe layout of domestic and foreign companies

Qualcomm released an XR2 chip specifically for AR/VR. In 2019, Qualcomm released its first 5G platform that extensible reality (XR), the Qualcomm Snapdragon XR2. The platform has a variety of customization features and has multiple industry-leading features that can achieve greater expansion in AR, virtual reality, virtual reality, MR, and more.

5G networks are rapidly gaining popularity, and the penetration rate of 5G users is increasing. By October next year, China has built more than 1.15 million 5G base stations, more than 70%, and 5G covers the urban areas of all cities, more than 97% of counties and towns, 40% of towns, 4.5 billion 5G, and more than 80% of the world. The high bandwidth and low latency performance of 5G can adapt well to the immersion of metaspace.

In terms of terminals, vr/AR's market share is growing rapidly, but the market share is still very small and takes a certain amount of time to achieve. In 2021, the shipment of VR headsets will reach 10.8 million, reaching 18 million in 2022, and the main users are currently some replay users. In 2021, the shipment of AR glasses will reach 650,000 and 1.05 million by 2022, but the current market share is still in the development stage (medical, industrial, gaming, etc.).

The metaverse-themed market, starting with the renaming of FB, spread from games, NFTs/copyrights to virtual content/virtual people/virtual idols.

Applications: For now, software known as the "metaverse" is still dominated by society and games.

Brokers are relatively more optimistic about the current performance of meta-universe games and hardware. From the perspective of the communications industry, CITIC Construction Investment believes that Zhonghaida (subsidiary Lingjing Technology can provide immersive theater/excursion services), Pingzhi Information (VR terminal, content), Tianyi Co., Ltd. (VR terminal), Capital Online (cloud rendering immersive scene technology), Hengxin Oriental (VR game) and so on have a high degree of correlation.

Minsheng Securities recommends paying attention to interactive intelligent tablet faucets: Shiyuan Shares; Touch Display Faucets: Changxin Technology; Meta-Universe Hardware Faucets: Jingfeng Mingyuan; Display Modules: Hongli Zhihui, Changying Precision, Matrix Technology, Longli Technology; Raw Material Faucets Tiantong Shares, Fujing Technology; Laser Communication Faucets: Yongxin Optics, Lante Optics, and Recco Defense.