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Source | Cai News Agency (id: caijingtongxunshe)
Author | Wang Xin
The gang that sat on the Huawei car concept stock was caught?
On January 17, the news of insider trading between the chief of a securities company and the manager of a public fund and the core employees of a large state-owned factory began to circulate widely.
According to rumors, Chen Long, former chief strategist of Zhongtai Securities Research Institute, and Jin Fangyi, former quantitative director of Everbright Prudential, were both arrested or suspected of manipulating securities and insider trading.
Chen Long, former chief of Zhongtai Strategy, confirmed that he had been arrested
The first news to circulate said: "(Chen Long) is suspected of insider trading and has been locked up. The news further said: "This is a small group of more than 20 people, all caught in, speculating in The stock of Huawei's car- well-off shares." ”
In response to the news, according to the daily economic news reporter learned from informed sources, Chen Long, former chief strategist of Zhongtai Securities, was arrested. Some time ago, a policeman went to the company's office to find him, and then resigned.
On the morning of January 18, Zhongtai Securities replied to the Shanghai Securities News that Chen Long had left the company on November 12 last year, and Zhongtai Securities was unaware of the information related to Chen Long on the Internet. At present, the head of strategy of Zhongtai Research Institute has been taken over by Xu Chi.
According to the data, Chen Long graduated from Peking University with a master's degree in economics and a bachelor's degree in management. 9 years of experience in the securities industry, he has worked in Dentons Fund Management Co., Ltd., BOCOM Schroder Fund Management Co., Ltd. macro strategy analyst, senior strategy analyst and fund manager, etc., joined Zhongtai Securities Co., Ltd. in March 2019, and resigned on November 15, 2021.
At present, the latest website of the Securities Association of China shows that the information on the number of Chen Long's practice certificate in Zhongtai Securities no longer exists.
According to another interface news report, Jin Fangyi, the former quantitative director of Everbright Prudential, has also been arrested. The interface quoted informed sources as saying, "In November last year, it is said that they had a small gang of more than twenty people, mainly joint floating funds and institutions to speculate on stocks, because of the speculation of Huawei's car concept stocks, was investigated." ”
However, on the evening of January 17, the Securities Times said that it had contacted Jin Fangyi himself, and in response to the rumors of being arrested, it said: "My work and life are normal, thank you for your concern." ”
According to public information, Jin Fangyi is a doctor of economics, a financial risk manager, and a chartered financial analyst. From January 2011 to March 2018, he served as a quantitative senior researcher, a special account investment manager, a head of quantitative investment department and a fund manager in a joint venture fund management company in Shanghai. During his tenure as a fund manager, he was once known as the "Four Kings of Quantification" by the market, and after joining another public fund in April 2018, he successively served as the head of the quantitative investment department and the director of quantitative investment. On November 20, 2021, Jin Fangyi announced his departure.
Xiaokang shares responded urgently
After the above news fermented, on the morning of January 18, Xiaokang shares hurriedly issued a clarification announcement pointing out that the company was concerned that on January 17, 2022, there were rumors on the Internet that a person from a securities research institute and a quantitative person from a public fund were suspected of manipulating securities and insider trading huawei cooperatives. The company has verified the relevant contents, in order to avoid misleading investors, it is clarified as follows: Xiaokang shares are not aware of the above matters and have not participated in the relevant violations of laws and regulations.
Xiaokang also said that the company has always adhered to the principle that legal and compliant operation is the basis for sustained, stable and healthy development, pays attention to abiding by various laws and regulations, and pays attention to protecting the rights and interests of all investors. The cooperation between Xiaokang and Huawei is normal, and the company will, as always, do a good job in production and operation and industrial layout, continue to focus on the main business, and continuously enhance the company's core competitiveness and operating performance.
Due to panic, this morning, Xiaokang shares opened down 3.09%, and instantly dived down nearly 5%, and then quickly pulled up and turned red. As of the close, Xiaokang shares have risen to a limit, the stock price is reported at 51.93 yuan, and the market value has returned to above 70 billion. Today, the amplitude of Xiaokang has reached 15.06%, and the transaction amount has exceeded 1.644 billion yuan.
On the interactive platform, there are also investors to xiaokang shares to ask: "The company released the new car Q&A M5 on December 23, 2021, and declared that it is Huawei's first Hongmeng car, please ask how your company has done to the owners who have purchased SF5 Huawei Smart Selection, what is the significance of Huawei Smart Selection before, SF5 was released on April 19, 2021, and has been iterated for less than a year now, should there be some compensation for car owners? For this question, Xiaokang shares did not respond.
Huawei's car concept stocks rose sharply and then fell back
Huawei's car concept stocks in the A-share market include Xiaokang Shares, Beiqi Blue Valley and Changan Automobile.
The share price of Xiaokang shares took off from around 9 yuan in November 2020 and rose to the highest price of 83.83 yuan in June 2021, up more than 7 times. Beiqi Blue Valley's sharp rise also began around October 2020, and the stock price rose from near 6 yuan to 19.87 yuan in May 2021, up 2.3 times. Before and after Changan Automobile took huawei concept, its stock price rose from around 10 yuan in April 2021 to a high price of 23.66 yuan in August 2021, which also more than doubled. After the explosion, all three stocks have been cut or close to the waist.
Specifically, the stock price of Xiaokang shares has soared rapidly in the first half of 2021, such as from February 18, 2021 to June 22, 2021, the stock price rose by 492%, and then began a shock decline, since June 23, 2021, a decline of nearly 40%, full of "demon".
In response to the news that Chen Long was arrested, many shareholders were indignant, and some shareholders said: "If this news is true, who is responsible for the hard-earned money of tens of thousands of well-off shareholders?" Heaven forbid! ”
It is worth noting that after the Ye Fei incident last year, manipulating stock prices through vests in the name of so-called "market value management" has always been the type of illegal that the CSRC has focused on cracking down on. In addition, since July last year, regulators have continuously implemented the requirement of "zero tolerance" for securities illegal activities such as insider trading.
Based on the current news, Huawei's automotive business currently has two deep partners, BAIC Jihu and Xiaokang Xilisi.
At the Shanghai Auto Show in April 2021, Celis, a subsidiary of Xiaokang Co., Ltd., and Huawei announced a cooperation agreement and released the first cooperation model, the Celis Huawei Smart SF5. However, in the past year, the delivery volume of the model has been lower than expected, and the market has also seen the sound of "SF5 production and suspension of sale". In this regard, Xiaokang shares denied it at the investment exchange meeting.
At Huawei's winter new product launch conference on December 23 last year, Yu Chengdong announced that the first model of Cyris's AITO brand, the AITO Q&I M5, was officially launched, positioning itself in the middle and high-end, which belongs to the intelligent luxury electric drive SUV.
AITO AskSmith M5, image source: Screenshot of Huawei's official website
Recently, Yu Chengdong, CEO of Huawei's consumer business and CEO of Smart Car Solution BU, said in the Shenzhen headquarters and media connection, we plan to use a thousand stores to sell cars by the end of this year, assuming that each store can sell 30 units per month, monthly sales can reach 30,000 units, this year Huawei will challenge the sales target of 300,000 units, so that the annual sales of cooperative car companies will reach 100 billion yuan. "I'm going to say this first and let everyone see if we can deliver."
At the same time, Yu Chengdong once again reiterated that Huawei does not build cars, but helps companies build good cars, helping them build the most profitable and commercially successful car companies.