In the public and private fund circles, if there can only be one "king"-that is Wang Yawei.
During his tenure as a fund manager in China, this man, who used to be a "god-like" in the public offering, created a cumulative performance of 6.5 years 1 195.25%, with a compound annual return of 50%.
From June 2006 1 to May 20 12, Wang Yawei ranked among the top three industries for at least four years, including two years. This is a record that no one can subvert so far.
0 1 entered the sub-new shares against the trend.
According to the annual report of Changhong Hi-Tech, Benyun No.2, a private equity fund initiated by Wang Yawei, became the new major shareholder of the company in the fourth quarter.
Yunjin No.2 Fund held 500,000 shares of the company at the end of last year, with a market value of about140,000 yuan, making it the fourth largest shareholder and the only institutional shareholder among the top ten shareholders.
This is the only newly opened stock in Wang Yawei recently, and it is also the first public shareholding information after the establishment of 20 18 Jinyun II.
During the period of public offering, Wang Yawei's performance greatly exceeded the average level of the industry, and there was a big gap between the heavyweights and the mainstream industries, so it was unique in the industry with a gesture of "not competing with you on the same stage". Today's Changhong Hi-Tech is also a stock that other professional institutions have hardly set foot in.
In addition, it is worth noting that Changhong Hi-Tech is the second IPO listed in Shanghai last year.
02 public offering "peak"
In 20 12, Wang Yawei left Huaxia Fund and formally established a joint venture fund, which became the most sensational event in Public Offering of Fund that year.
This is, of course, because Wang Yawei's peak performance can't be reproduced so far.
Wang Yawei was the top student in the college entrance examination in his early years, and later studied in Tsinghua University. After graduating with a double degree, I joined an investment company under CITIC. From 65438 to 0995, Wang Yawei, a "wise man", became the manager (head) of the investment and research department of Dongsi Business Department of Huaxia Securities, and later participated in the establishment of Huaxia Fund.
Since 2006, after returning from studying abroad, Wang Yawei has started a miraculous career of public investment.
From 65438+the end of February, 2005 to 2065438+February, 2002, the Huaxia large-cap fund managed by Wang Yawei created a return of nearly 12 times.
At that time, there was a saying that as long as Wang Yawei was here, there would be no suspense for Public Offering of Fund to win the championship, and the rest of the peers would compete for the second place in the industry.
Wang Yawei's departure and the subsequent chain reaction of senior executives also led to the status of Huaxia Fund, once the "highland of equity investment", plummeting.
Today's Huaxia Fund is famous for its index products, and the grand occasion of monopoly has long since ceased to exist. I don't know if Wang Yawei expected this result when he left.
The inevitable "spotlight"
After Wang Yawei founded the private equity firm, he deliberately kept a low profile. Since then, he has hardly spoken in the market. There is no public opinion disclosure except to support the investment value of A shares when the 20 15 stock market fluctuates abnormally.
Taking Yunfeng, his first private product foreign trade trust, as an example, buying the listed companies with the top ten shareholders continued his style during the public offering period: the capital operation of the company's major shareholders was biased towards the state-owned background.
Wang Yawei has liberalized a wide range of industry choices, including energy, media, transportation, manufacturing, medicine and beverages. He prefers listed companies with assets reorganization. The assets of such companies usually change, the main business changes, and the actual controller changes.
Up to now, the net value of Yunfeng, the first foreign trade trust of Wang Yawei Private Equity Fund, has only been updated until August 2020 on the tripartite platform. The annualized income since 20 12 12 is 1 1.08%. In addition, the net value of Wang Yawei Bauhinia No.2 was disclosed on March 3 this year1,with the income of -6.03% in that year and 24.3% in 2020.
04 Next "Sanju Environmental Protection"
Since the privatization of Wang Yawei, Sanju Environmental Protection, a listed company that produces environmental protection materials, has mainly provided clean products, products, technologies and services to improve product quality and clean production technology for the basic energy industry, involving concepts such as fossil energy industry and green energy.
Coincidentally, Sanju Environmental Protection and Changhong Hi-Tech both belong to environmental protection materials companies.
Although "Brother One" has a deep affection for Sanju Environmental Protection for seven years, the final outcome is somewhat "tragic".
After his foreign trade trust, Yunfeng, was officially put into operation, it appeared in the top ten tradable shareholders of nearly 20 listed companies when it was disclosed in the first quarterly report of 20 13, including Sanju Environmental Protection at that time.
I bought it for the first time in the form of private equity fund. At that time, Wang Yawei ranked first among the circulating shareholders of Sanju Environmental Protection with19.3 million shares.
After that, it continued to increase positions and lighten positions, and always remained in the top ten shareholder camp of this company.
The investment was quite successful at first. During the four years from the first quarter of 20 13 to the first quarter of 20 17, the share price of sanju environmental protection rose as high as six times.
At that time, the market admired the ability of "One Brother" to tap bull stocks.
However, in 20 18, Sanju Environmental Protection ushered in a major turning point, and the industry prospect of this company was questioned. In addition, the company began to get involved in illegal related party transactions, information disclosure violations and other negative events, and its operating performance also declined.
After the outbreak of fundamental changes, Wang Yawei began to lighten its positions and gather environmental protection. Yunfeng, a foreign trade trust, last appeared among the top ten shareholders in the first quarter of 2020, when Wang Yawei reduced its position by as much as 20% month on month.
When the semi-annual report was disclosed in 2020, Wang Yawei finally disappeared into the top ten shareholder camp of Sanju Environmental Protection. To sum up, Wang Yawei has made a lot of money in Sanju environmental protection, although the profits have been greatly reduced.
Or build a warehouse and copy the bottom.
It is worth noting that Changhong Hi-Tech's share price showed a sharp correction in the fourth quarter, and Wang Yawei's position was also disclosed in the fourth quarter. This may mean that Wang Yawei is buying this stock on dips.
Changhong Hi-Tech listed at the opening price of 10.54 yuan. After listing, it continued to rise, reaching a maximum of 37.77 yuan. After 12, 1, it experienced a sharp drop, and it gained two consecutive daily limit, and the stock price came below 28 yuan.
So far, Changhong Hi-Tech's share price is still hovering between 25 and 30 yuan, and the floating profit is still not obvious.
06 plastic limit order invisible player
So what exactly is this company?
According to the survey, Changhong Hi-Tech's main business is the research and development, production and sales of thermoplastic elastomers, and it is a typical environmental protection concept stock. The new polymer material of synthetic rubber produced by the company is called the "third generation rubber" after natural rubber and synthetic rubber, and the key point of purchase is environmental protection substitution.
The latest action of the company is also very amazing. In line with the plastic limit policy, the company suddenly announced plans to build a 600,000-ton/year PBAT/PBS/PBT flexible production project in the biodegradable thermoplastic industrial park in June 2020, and quickly cut into a new track.
Since then, from June 5438+065438+ 10, the research on Changhong Hi-Tech has gradually increased, including chongyang investment, CITIC Securities and Haitong Securities.
In the survey, the company responded that PBAT is the most widely used biodegradable plastic with the best comprehensive performance and the highest cost performance.
At the same time, the company's substitution goal at the product strategy level is very clear. The main goal is to replace things that people use every day, including plastic bags, disposable lunch boxes, agricultural films and other disposable plastic products that are difficult to recycle.
The huge market potential of the new product Changhong Hi-Tech may be another reason for Wang Yawei to buy in the fourth quarter.
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