In addition, as real controllers of Gores shares, Jiangbin and Jianglong brothers continued to reduce their holdings. By synthesizing the information of the two brothersincreasing and decreasing holdings since 2012, the total amount of the two brothers shares in Gore has reached nearly 5.5 billion yuan.
Share price rose 170% at the turning point of earnings
On October 11, Gore shares rose 1.83% again, and continued to set a new stage high of 19.01 yuan in the market. The Apple supply chain company changed its downturn last year, and its shares have risen by more than 170% this year. Especially since June 19, Gore shares have risen rapidly after the shock, rising by about 141% in 77 trading days.
Gore shares listed on the Shenzhen Stock Exchange in 2008. In the past, it mainly engaged in the production and sale of photoelectric and acoustic precision components. In recent years, it has developed its business vertically. Now it has developed into OEM business of intelligent acoustic whole machine (true wireless Bluetooth headset, intelligent speaker, various headphones, etc.) and intelligent hardware (VR/AR glasses, etc.). As a leading supplier of well-known companies such as Apple, the company is in the leading position in the electro-acoustic industry.
At present, the company has set up R&D centers in the United States, Japan, Korea, Denmark and Beijing, Qingdao, Shenzhen, Shanghai, Nanjing and Taiwan of China, with acousto-optoelectronic as the main technical direction, providing systematic and integrated solutions by integrating cross-domain technologies.
After listing, the performance of Gore shares has increased for nine consecutive years. By 2017, its business income reached 25.536 billion yuan, an increase of 24.23 times over that of 2008. Compared with revenue, net profit fluctuates. In 2015, its net profit fell by 24.51%, from 1.657 billion yuan last year to 1.251 billion yuan. In 2016 and 2017, net profit continued its previous growth momentum.
But for the first time in 2018, Gore shares experienced a decline in revenue, and net profit was cut at the waist. In 2018, the company realized business income of 23.751 billion yuan, a decrease of 699% and net profit of 868 million yuan, a decrease of 59.44%. The share price of Gore shares has also declined continuously since mid-November 2017. By mid-October 2018, the share price dropped by 70% and the market value evaporated by tens of billions of yuan.
Since this year, the growth of Gores share price has nothing to do with the companys performance recovery. In the first half of 2019, Gores share revenue reached 13.576 billion yuan, an increase of 61.11% over the previous year, mainly due to TWS shipment volume, net return to mother reached 524 million yuan, an increase of 17.73% over the previous year.
According to the analysis of some brokerage firms, the performance of Gore shares exceeded expectations, among which smart wireless headphones and smart wear business constitute the core growth momentum, and look forward to the companys growth potential in the 5G era of smart wireless headphones, wearable devices and VR/AR market demand.
Smart Beihang Capital
Since entering the top ten shareholders in Gores shares in the first quarter of 2017, Lujitong has not withdrawn.
According to the quarterly report, after the successive reduction of Gol shares in the third and fourth quarters of 2018, Lujitong Capital continued to increase its holdings of Gol shares in 2019, with an increase of 16.8 million shares in the first quarter and 13.9 million shares in the second quarter.
According to the data of the change of the continuous stock ownership, from the beginning of this year to the beginning of September, Lujitong has been increasing its share of Gore stock almost all the time. At the beginning of this year, its systematic stock ownership was only about 46.71 million shares. On September 3, Lujitongs systematic stock ownership of Gore stock exceeded 100 million shares. Later, at the end of September, Lujitongs stock ownership of Gore stock was briefly maintained at more than 100 million shares.
However, in the past month, it has been obvious that Lujitong Capital has reduced its holdings of Gores shares. From September 4 to October 10, in 21 trading days, Lujitong Capital has reduced its holdings of Gores shares in 12 trading days, including 25.1 million shares on October 8 and 4.18 million shares on October 10.
The withdrawal of tourist aid agencies
The rise of Gores shares has also attracted the attention of hot money and institutional funds. The companys shares rose and stopped three times on August 12, September 3 and September 27, and also three times on the Dragon Tiger List.
Among the three lists, there are nine institutional seats on the list, six of which are for sale. Only three institutional seats on September 3 are for the purchase of Gore shares, totaling about 108 million yuan. The two institutional seats listed on Sept. 27 sold about 103 million yuan of Gore shares in total.
However, at the same time of institutional retreat, the hot money is actively participating in the fight board of Goethe, among which there are many well-known hot money figures. Taking September 27 as an example, CITIC Securities Hangzhou Yanan Road Business Department, Guotai Junan Securities Shanghai Jiangsu Road Business Department, China-Thailand Shanghai Jianguozhong Road Business Department, Guangda Securities Shenzhen Jintian Road Business Department, the net purchases of the four major business departments on the same day were 86.88 million yuan, 77.24 million yuan, 40.93 million yuan and 37.82 million yuan respectively, totalling about 239 million yuan, which accounted for the assembly of Goer shares on that day. About 12% of the payment.
Controller Brothers Cash
The real controllers of Geers shares are Jiangbin and Hu Shuangmei, and Jianglong, Jiangbins younger brother, is their unanimous actor. Gore Group, Jiangbin and Jianglong are the top three shareholders of Gore Stock. According to the latest public data, they currently hold 633 million shares, 500 million shares and 103 million shares of Gore Stock, respectively. Their share holdings are 19.49%, 15.41% and 3.16% respectively. Jiangbin and Jianglong brothers hold 92.59% and 7.41% of the shares in Geer Group respectively.
According to public data, since the second quarter of this year, the Goer Group controlled by Jiangbin and Jianglong has successively reduced its holdings of Goer shares. In the second quarter, it reduced its holdings by about 4.76 million shares. Since the second quarter, it has reduced its holdings of about 139 million Goer shares. The proportion of Goer Groups holdings in Goer shares has decreased from 23.91% at the end of the first quarter to 19.49% on September 3, reaching 4.42%.
However, according to the announcement, part of the reduction of Gore Groups holdings since this year comes from the exchange company bonds issued by the company in 2017. At that time, the issuance scale was 2 billion yuan, marked by the companys shares held by Gore Group, with a period of three years. The exchange time was from April 18, 2018 to October 14, 2020. According to the announcement, the exchange price was 10.40 yuan per share. Overall, Gore Group in 2019 through the companys convertible debt reduction arbitrage has exceeded 1.4 billion yuan.
Reporters found that the reduction of Jiangbin and Jianglong brothers has continued in various ways since 2012.
In the second quarter of 2012, Jiang Long reduced his holding of 3.3 million shares for the first time, with an average price of 29.10 yuan per share. According to Wind statistics, after the first reduction to May 2015, Jiang Long reduced his holdings of Gore shares five times through the secondary market, and Jiang Long reduced his holdings of 22.3 million shares of the company six times, totaling 700 million yuan. Jiang Bin also implemented five reduction between August 2012 and May 2015, totaling 27.5 million shares, totaling 854 million yuan.
In addition, the Jiangbin brothers continue to reduce their style. The above mentioned reduction by issuing exchangeable bonds for shares is the second similar operation of Gore Group. In 2014, Gore Group issued exchangeable bonds with a scale of 1.2 billion yuan and a period of three years. In May 2017, investors holding Gore Group bonds swapped their bonds for Gore shares. According to public information, Gore Group has reduced its holdings by more than 2.6 billion yuan through two exchangeable bonds.
Reporters also found that most of the shares in Goers employee stock ownership plan came from Jiangbin. Since 2015, Geer shares have implemented three employee stock ownership plans, namely Home No. 1, No. 2 and No. 3. Among them, Home No. 1 has been transferred 29.5795 million shares of Jiangbin Company, Home No. 3 has been transferred 55 million shares of Jiangbin Company. Jiangbin has also successfully cash out 985 million yuan and 647 million yuan, totaling 1.632 billion yuan. However, Jiang Bin also increased his holdings of 8.95 million shares in September 2016 at a cost of 267 million yuan, and Jiang Long increased his holdings of about 102,000 shares in November 2016 at a cost of about 31.29 million yuan. To sum up, Jiangbin Brothers have successfully cashed out about 5.5 billion yuan in Goers shares since 2012, through various ways and excluding the cost of additional ownership. Source: Responsible Editor of Securities Times: Yang Qian_NF4425
Reporters also found that most of the shares in Goers employee stock ownership plan came from Jiangbin. Since 2015, Geer shares have implemented three employee stock ownership plans, namely Home No. 1, No. 2 and No. 3. Among them, Home No. 1 has been transferred 29.5795 million shares of Jiangbin Company, Home No. 3 has been transferred 55 million shares of Jiangbin Company. Jiangbin has also successfully cash out 985 million yuan and 647 million yuan, totaling 1.632 billion yuan.
However, Jiang Bin also increased his holdings of 8.95 million shares in September 2016 at a cost of 267 million yuan, and Jiang Long increased his holdings of about 102,000 shares in November 2016 at a cost of about 31.29 million yuan.