For three years, Ge Weidong has been buying this stock. What is he waiting for?

category:Finance
 For three years, Ge Weidong has been buying this stock. What is he waiting for?


According to the three quarterly reports of listed companies that have been disclosed, Ge Weidong appeared in the list of the top ten circulating shareholders of five listed companies, including Weihua shares, Jiyou shares, iFLYTEK, Hangfa control and Ruike laser.

According to the above shareholding list, as of October 27, Ge Weidong appeared in the list of the top ten circulating shareholders of five stocks, with a reference market value of about 2.78 billion yuan. Since entering the fourth quarter, Ge Weidongs shares have risen slightly. As of todays closing, the market value of his position has reached nearly 3 billion yuan.

From the regular reports of Ge Weidongs entry and exit of listed companies, Ge Weidong, who has moved to A-share market, prefers to be latent for a long time and wait for opportunities.

From the perspective of the trend of iFLYTEK, the stock price of iFLYTEK has fluctuated greatly in the past three years. Even from the end of 2017 to the end of the third quarter of this year, the share price of iFLYTEK dropped by more than 10%. For ordinary people, holding a stock for nearly three years and still losing money, may have left the market long ago, but Ge Weidongs patience seems to be very good.

However, Ge Weidong is quite optimistic about iFLYTEK. He did not reduce his position when iFLYTEK rose strongly in 2019, but continued to increase his position when it fell in July.

According to the announcement of iFLYTEK, the inquiry of iFLYTEKs non-public offering was completed on June 27, 2019, and a total of 11 investors / investor made an effective subscription. The final price was determined to be 90% of the average stock price of 30.11 yuan / share, or 27.1 yuan / share, on the 20 trading days before the first day of the issuance period (June 25, 2019). Ge Weidong was allocated 14.76 million shares, increasing his holding by nearly 400 million yuan. As of todays midday closing, Ge Weidong bought 14.76 million shares at a cost of 27.1 yuan per share, with a floating profit of about 130 million yuan.

Since the middle of July this year, iFLYTEKs share price has continued to fluctuate and adjust, but Ge Weidong still holds a heavy position and is quite calm.

Heavy position and long-term holding of potential stocks

Judging from his previous position, Ge Weidong is fully betting on the promising technology stocks and has a long holding period. From the perspective of his stock selection style, Ge Weidong tends to buy individual stocks with huge market space, and the income is often very amazing, which is more innovative than UFIDA network and Zhaoyi held before.

According to the analysis of industry insiders, according to his previous investment inertia, Ge Weidong has been lurking in iFLYTEK for many years, but he has not yet withdrawn. This shows his optimistic expectation for iFLYTEK.

According to the sellers research report, iFLYTEKs education and medical business has become the core driving engine. In the first half of the year, the revenue of educational products and services reached 1.317 billion yuan, up 34.53% year on year. The b-end regional individualized teaching project has achieved standardized and large-scale replication, and has won many government orders. In the C-end business, the learning machine and personalized learning manual have been continuously polished to realize the linkage development of b-end and C-end, and the scale effect is expected to show.

At the same time, the company began to lay out its medical business in 2015 and achieve a break even in 2019. At present, besides Anhui Province, iFLYTEK intelligent medical assistant has been put into use in nearly 100 counties and counties in 11 provinces including Tibet, Inner Mongolia, Qinghai, Zhejiang, Beijing, Guangdong and Fujian, with more than 2000 townships and medical institutions, and more than 20000 village level medical institutions being put into use. The future market space is broad.

On September 18, iFLYTEK also disclosed the second phase of restricted stock incentive plan (Draft). The number of restricted stocks to be granted in the plan is 27.2727 million shares. The performance evaluation target of the stock incentive draft is to take the revenue in 2019 as the base, and the revenue growth rate in 2020 / 2021 / 2022 will not be less than 25% / 50% / 75%, and the unlocking ratio will be 30%, 30% and 40% respectively. Analysts of Minsheng Securities said that the revenue scale of iFLYTEK in 2019 will reach 10.79 billion yuan. Considering the impact of the epidemic since this year, the complex macroeconomic environment and the companys own revenue exceeding 10 billion yuan, the companys performance evaluation target fully reflects the companys confidence in future development. Editor: Huang Shuhui source: Shanghai Securities News Editor in charge: Zhong Qiming_ NF5619

On September 18, iFLYTEK also disclosed the second phase of restricted stock incentive plan (Draft). The number of restricted stocks to be granted in the plan is 27.2727 million shares. The performance evaluation target of the stock incentive draft is to take the revenue in 2019 as the base, and the revenue growth rate in 2020 / 2021 / 2022 will not be less than 25% / 50% / 75%, and the unlocking ratio will be 30%, 30% and 40% respectively.

Analysts of Minsheng Securities said that the revenue scale of iFLYTEK in 2019 will reach 10.79 billion yuan. Considering the impact of the epidemic since this year, the complex macroeconomic environment and the companys own revenue exceeding 10 billion yuan, the companys performance evaluation target fully reflects the companys confidence in future development.

Editor: Huang Shuhui