More than half of the reduction plan has been implemented
After more than a month, the big funds fulfilled the plan as scheduled and completed half of the reduction within 4 trading days. According to the announcement of the reduction progress, the price of the reduction is between 36.89 yuan / share and 39.29 yuan / share, with a total amount of 600 million yuan.
The large funds investment in Changdian technology started in 2017, and increased its holdings in 2018. Before the reduction, the large fund held 19% shares of Changdian technology, with a specific shareholding of 300 million shares, which is the largest shareholder of Changdian technology.
Securities Times u00b7 e company reporter concerned that the above shares lock up period is 36 months. On June 19 this year, the above 130 million shares have just been lifted; the subsequent 170 million shares will also be lifted by the end of August 2021.
Since the beginning of this year, the stock price trend of Changdian technology is relatively strong, and the investment profit of large funds is also rising. On July 14, Changdian technology once reached a new high of 53.43 yuan / share. Although it has been adjusted recently, the increase is still more than 60% compared with the beginning of the year. The latest closing price of the company is 36.57 yuan / share, and the floating profit of large funds is nearly 150%.
Intensive reduction of large funds
Some data show that the first phase of the big fund has mobilized 514.5 billion yuan of social financing, bringing about 650 billion yuan of funds into the integrated circuit industry.
Since the beginning of this year, large funds have intensively announced the reduction of their holdings of a number of chip stocks, causing market concern.
As of September 24, the big funds have successively announced the reduction of shares held by nine listed companies. According to incomplete statistics, if the reduction plan is completed on schedule, the large funds can recover about 9 billion yuan.
Among them, huiding technology, a chip design leader with a market value of 100 billion yuan, was reduced by large funds in two waves this year, with an accumulated reduction of more than 2 billion yuan, and its shareholding ratio has dropped to less than 5%; Zhaoyi innovation, the leader of memory chips, has been reduced twice by large funds this year, with a reduction amount of more than 2 billion yuan. Up to now, the reduction of big funds holdings in huiding technology, Tongfu micro power, Zhaoyi innovation and Jingfang technology has been completed, and other reduction holdings are in the orderly progress.
Industry insiders say that the withdrawal of large funds does not mean that they are bearish on the companys prospects, but that they have the ability of sustainable development and turn to enterprises in need of help.
It is worth mentioning that, at the same time of reducing holdings, large funds are also increasing the holdings of some listed companies. This year, China Resources micro (688396), which just landed on the science and technology innovation board, introduced large funds through strategic placement. At present, the number of shares held by large funds is 78.125 million, which is the second largest shareholder of China Resources micro. Wind data shows that as of the end of half a year, large funds have appeared in the top ten shareholders of 20 stocks, with a reference market value of 93.876 billion yuan. In October 2019, the second phase of the large fund was established, with a registered capital of 204.15 billion yuan, double the first phase. According to CITIC Securities, the first phase of large fund will exit orderly in the next 5-10 years, and the second phase of large fund will continue to undertake responsibilities. It is reported that the purpose of the first phase investment of the large fund is to complete the industrial layout, while the second phase fund pays more attention to the linkage development of the integrated circuit industry chain. Source: Ren Hui, editor in charge of Securities Times_ NBJ9607
Wind data shows that as of the end of half a year, large funds have appeared in the top ten shareholders of 20 stocks, with a reference market value of 93.876 billion yuan.
According to CITIC Securities, the first phase of large fund will exit orderly in the next 5-10 years, and the second phase of large fund will continue to undertake responsibilities. It is reported that the purpose of the first phase investment of the large fund is to complete the industrial layout, while the second phase fund pays more attention to the linkage development of the integrated circuit industry chain.