The semi-annual report of listed companies disclosed that the pace of institutional research has also begun to become busier.
Recently, Hikvision, a security leader that has attracted much market attention, released a semi-annual report, followed by a "star-studded" list of researchers is also "freshly baked". E Fangda "100 billion top stream" Zhang Kun, Yinhua star fund manager Li Xiaoxing, Ruiyuan Fund, Gao Yi Asset and other "big name" fund managers and institutions gathered together.
Among them, the emergence of a private equity manager with the same name as "Niu San" may be worthy of attention.
She is Guo Minfang, invested by Chengfang.
According to previous research records, this Guo Minfang was invested in the name of Chengfang as early as October 2018. He participated in Hikvision's research and reappeared in July this year.
At the same time, Hikvision's top ten circulating shareholders also have one Guo Minfang, who held 66.93 million yuan as of the middle of the year, holding more than 4.3 billion yuan of shares.
The story between Niu San, who is listed among the company's top ten shareholders with "single-handed strength", and "fighting side by side" with Zhang Kun and Feng Liu, and the private equity fund manager who is investigating, the story may not be simple.
<h2>Niu San entered earlier than Feng Liu</h2>
According to Wind statistics, the name Guo Minfang appeared among hikvision's top ten circulating shareholders as early as the mid-2019 report. As soon as it was sold, it held 38.4747 million shares, and the market value of the holding reached 1 billion yuan.
This time is about a year earlier than the public "appearance" of Feng Liu's third quarterly report in 2020. In the following quarters, although in the list of top ten circulating shareholders, Guo Minfang's name "in and out", but from the number of shares held in each appearance, from 2019 to now, Guo Minfang has continued to buy Hikvision in her personal name.
From 38.4747 million shares in the semi-annual report in 2019 to 66.9367 million shares in the semi-annual report in 2021, Guo Minfang's stock market value has also increased from about 1 billion yuan to 4.317 billion yuan today, an increase of more than 300%.
She can be regarded as a "veritable" cow scatter.
<h2>The big guy "sits" on three private equity funds</h2>
And just before and after the personal cattle scatter Guo Minfang invested heavily in Hikvision, Guo Minfang, an executive of Chengfang Investment, continued to investigate Hikvision, which of course made people care about the relationship between the two, or whether it was the same person?
The latter, Guo Minfang, is obviously also a "cattle man", and the background is quite not simple.
According to public information, Chengfang Investment Guo Minfang served as the managing director of China International Capital Corporation Limited from 2004 to 2014, and during his tenure at CICC, he participated in IPO projects such as PetroChina, Industrial and Commercial Bank of China, Chinese Life, China State Construction, Agricultural Bank of China, Daqin Railway, Citic Bank, Pacific Insurance, China Shenhua, and China South Locomotive & Sea Freight.
Earlier, she worked in the strategy department of Hantang Securities and the investment and research department of Industrial Securities. In the 1990s, she was the Chinese representative of the marketing department of Xujiahui Mall in Shanghai.
Today, Guo Minfang has three private equity fund platforms: Shanghai Early Bird Investment Management Center (Limited Partnership), Shanghai Chengfang Investment Management Center (Effective Partnership), and Shanghai Fangyang Investment Management Co., Ltd. She has held executive positions such as managing partner of these firms.
According to public information, Guo Minfang's three companies were established between 2013 and 2017. Among them, Early Bird Investment is 50% invested by Cao Qiongmin, Guo Minfang and Chen Jialin each invest 25%; Fangyang Investment is 99% invested by Guo Minfang and Zhang Wanqin invests 1%; Chengfang Investment is the opposite of Fangyang Investment, led by Zhang Wanqin.
At present, there are still 8 funds in operation under Chengfang Investment, and the other two funds have been liquidated.
<h2>Partners have also been "cattle scattered"? </h2>
It is worth mentioning that among the relevant people of Chengfang Investment, the example of buying the top ten shareholders of listed companies in their own name is not a special case.
As Guo Minfang's partner, Zhang Wanqin has also appeared separately in the list of the top ten shareholders of another listed company, Ruimaotong.
In the third quarter of 2015, Zhang Wanqin became the eighth largest circulating shareholder of Ruimaotong with a shareholding number of 7.0686 million shares. (See figure below)
Subsequently, although the number of shares held increased or decreased, until the mid-2017 report, it has been stable among the top ten circulating shareholders of Ruimaotong, and even bought the top five circulating shareholders.
Interestingly, at the same time that Zhang Wanqin's third quarterly report in 2017 appeared again on the list of the company's top ten circulating shareholders, the two products invested by Chengfang "entered strongly" and became the third and fifth largest circulating shareholders. (See figure below)
In the following three quarters, Zhang Wanqin and Chengfang Investment one of the products withdrew from the top ten circulating shareholders, and the remaining Chengfang Investment Strategy No. 5 Private Equity Investment Fund continued to buy, increasing its shareholding to 9.0956 million shares.
In the secondary market, Ruimaotong was a "highlight moment" in 2015, with a stock price of up to 46.02 yuan / share, followed by several ups and downs, but did not return to the peak. In 2017, it entered the stage of shock downward, at this time, the strong entry of Chengfang Investment, compared with Zhang Wanqin's "reduction and departure", one in and one out, had to make people feel quite coincidental. (See figure below)
Whether the same coincidence will also be staged at Hikvision still needs time to verify.
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