Rongzhi Rixin and its Anhui shareholders "circle of friends"

time:2022-12-09 21:07:21source:chakarski.com author:Individual stock recommendation
Rongzhi Rixin and its Anhui shareholders "circle of friends"

After 15 years, Nie Weihua, a working "madman", brought Rongzhi Rixin, founded by him, to the capital market. Also sharing the feast of listing with him is his "circle of friends" of Anhui shareholders. After the original shares were lifted, Rong Zhi Rixin, who was favored by institutions, ushered in an intensive reduction of shareholders' holdings. On September 15, Rongzhi Rixin announced that its shareholder Haitong Xingtai had reduced its holdings by about 80,000 shares, and the shares reduced this time were the original shares that were just lifted in July. Coincidentally, in addition to Haitong Xingtai, two other shareholders have also announced to reduce their holdings. In July 2021, Rongzhi Rixin landed on the A-share market with the halo of the first industrial equipment and intelligent operation and maintenance company. The helm and shareholders behind it also ushered in a highlight moment. It is reported that the actual controller Nie Weihua was only a poor boy in Anhui before. After 15 years of strategizing, he became a celebrity in the capital market. After sharing the feast of the listing, shareholders "withdrew" one after another. Shareholders who had invested on the eve of the listing began to withdraw one after another after sharing the feast of Rongzhi Rixin's listing. In July 2022, the original shareholders of Rongzhi Rixin ushered in the lifting of the ban. Among them, the shareholder Shiyue Hean took the lead in throwing out the reduction plan. On July 28, Rongzhi Rixin announced that Shiyue He'an and October Wu Xun were enterprises under the control of the same actual controller, forming a relationship of persons acting in concert, holding a total of 2,516,458 shares, accounting for 4.59% of the company's total share capital. Due to their own capital needs, the two plans to reduce their holdings by a total of no more than 1,097,308 shares through bidding and block transactions. If calculated according to the listed company's closing price of 99 yuan per share on the 28th, the above shareholders may cash out a total of 110 million yuan. According to the previous prospectus of the listed company, Shiyue He'an and October Wu Xun acquired a total of 1,693,548 shares in the form of equity transfer from 2019 to 2020, and the transfer price was 24.8 yuan per share. The ratio is 4.2%. In 2020, the two participated in the capital increase of listed companies at a price of 26.73 yuan per share, holding a total of 822,910 shares and contributing 22 million yuan. After the two capital contributions, the total shareholding ratio of the two is 6.12%. After the IPO dilution, the shareholding ratio of the two is 4.59%. According to the stock price on the day of the reduction, the stock market value of the two companies reached 250 million, which is nearly 4 times that of the original investment of 64 million. Immediately after mid-August, Rongzhi Rixin shareholders once again announced a reduction in their holdings. At the end of the month, the company announced that shareholders Beijing Danpu, Ningbo Danpu, Beijing Ruopu and Bai Gang (referred to as "Danpu") had a concerted action relationship, holding a total of 3,597,738 shares, accounting for 6.56% of the company's total share capital. Haitong Xingtai also announced a reduction plan in the announcement. Beijing Danpu and Ningbo Danpu have reduced their holdings by a total of 550,000 shares in a block transaction between August 22 and August 29. After the reduction, the number of shares held is 3.0477 million shares, and the shareholding ratio has dropped to 5.5549%, calculated according to the average price of the listed company's stock price at this stage of 109.62 yuan per share, the total cash-out amount of the above-mentioned shareholders is 60.29 million yuan. The shares of these companies were also acquired before the IPO. After the “Danpu Department” was reduced, on September 15, Rongzhi Rixin issued an announcement saying that the shareholder Haitong Xingtai reduced its holdings of 79,350 shares in the company by way of call auction from September 7 to 14 at a price reduction. The range is from 101 yuan to 104.86 yuan, and the cash out amount does not exceed 8.32 million yuan. Before the reduction, Haitong Xingtai held 2.82 million shares, with a shareholding ratio of 5.14%; after the completion of the reduction, the number of shares held decreased to 2.74 million shares, with a shareholding ratio of 4.9999%. The "precise" reduction to less than 5% means that Haitong Xingtai's subsequent reduction does not need to be announced. Rongzhi Rixin, an Anhui-based enterprise "holds a group", and a high-level relative of China Resources is the sixth largest shareholder. Rongzhi Rixin, which was founded in Anhui, has most of the Anhui-based enterprises in the "circle of friends" among its top ten shareholders. Source: The company’s semi-annual report shows that Haitong Xingtai, Lu’an Shiyue, Guoyuan Equity, and Anhui Guoyao Venture Capital all have Anhui state-owned assets. Among them, Haitong Xingtai’s major shareholder is Hefei’s industrial investment guide Fund; the major shareholder of Lu'an Shiyue is Anhui Small and Medium Enterprise Development Fund; the major shareholder of Guoyuan Equity is Guoyuan Securities, and Guoyuan Securities is the sponsor and lead underwriter of Rongzhi Rixin; Anhui Guoyao Ventures The second shareholder is Hefei Innovation and Technology Venture Capital. In addition, as the top ten shareholders, in addition to the actual controller Nie Weihua and the deputy general manager Jia Weiyin are individual shareholders, there is also an individual shareholder Fang Xinlong. The 2021 annual report shows that Fang Xinlong did not hold an executive position in the company. The prospectus shows that Fang Xinlong and the shareholder Fang Shuyu are uncle and nephew, and served as a director of the company during the reporting period. Looking back at Fang Xinlong's investment, in August 2007, Nie Weihua, Jia Weiyin, Shen Xiyou, Fang Xinlong and Wang Youlin subscribed for 432,000 yuan, 264,000 yuan, 104,000 yuan, 100,000 yuan and 100,000 yuan respectively to establish Rongzhi Co., Ltd. , the predecessor of Rongzhi Rixin. And Fang Xinlong has already cashed out once in 2020. At that time, Fang Xinlong and Bai Gang signed the "Share Transfer Agreement" with Lang Ziqinghe and Rong Zhi Rixin, which stipulated that Fang Xinlong would transfer the 564,517 shares of Rongzhi Rixin held by him to Lang Ziqinghe at a price of 14 million yuan. . It is worth noting that compared to Fang Xinlong's "transparency", his brother's background is not small. According to the prospectus, Rongzhi Rixin and the brother of Fang Xinlong, the sixth largest shareholder, serve as chairman of four China Resources pharmaceutical companies. In addition, he is the general manager of China Resources Anhui Medicine. According to the company's investigation, according to equity penetration, China Resources Pharmaceutical was behind the five companies. Fang Xinwu and Fang Shuyu have a father-son relationship. In addition, Rongzhi Nissin and China Resources Department have had an intersection. Previously, in the 2021 smart manufacturing pilot demonstration factory unveiling list announced by the Ministry of Industry and Information Technology, Rong Zhi Rixin participated in the construction of many companies including China Resources Sanjiu. Nie Weihua's personal Rong Zhi Rixin's listing is inseparable from the "operation" of the actual controller Nie Weihua. Judging from his resume, it is quite legendary. It is reported that in the last century, Nie Weihua was still an unknown person who ran around for a living. In 1996, Nie Weihua, who had just graduated from technical secondary school, took his first job as a health product salesman. At that time, he worked in Anhui Huadian Natural Health Products Co., Ltd., but this job had to leave due to the dismal sales performance of Nie Weihua. With the lessons learned from the previous job, 21-year-old Nie Weihua entered Xiamen Deda Food Co., Ltd. and chose a planning job. However, in order to experience himself, he applied for a sales position that he was not good at. In just half a year, Nie Weihua became the company's sales champion and became the manager of the Southwest Region. Since then, Nie Weihua has successively worked in Guangdong Vantage Group and Zhongshan Baide Gas Appliance Company. Years of working experience have allowed him to accumulate rich experience and resources. 2004 was a turning point for 28-year-old Nie Weihua. At that time, he met Jia Weiyin in Ma'anshan, Anhui Province, who worked at General Electric. The two hit it off instantly. In 2007, Shanghai Rongzhi Measurement and Control Technology Co., Ltd. was established, with Nie Weihua as the general manager and Jia Weiyin as the deputy general manager. However, or lack of experience, the venture ended in failure. Three years later, Nie Weihua and Jia Weiyin, who chose to start a business again, set the location in Anhui, the base camp, and in the field of entrepreneurship, the two aimed at the field of industrial equipment condition monitoring and fault diagnosis. It is reported that this field is mainly used in wind power, petrochemical, metallurgy and other fields. Statistics show that at that time, the global wind power industry was developing rapidly, the petrochemical industry maintained a high demand, and the metallurgical industry was also fierce. In addition, enterprises in the above fields have large investment in equipment, and have strict requirements on continuity, stability and efficiency during production and operation. Therefore, the demand for intelligent equipment operation and maintenance is high and the prospects are promising. For this reason, Rongzhi Rixin was established. . According to its official website, it has achieved online real-time care of more than 90,000 large-scale industrial equipment, forming more than 10,000 closed-loop failure cases. In 2021, Nie Weihua, who has passed the age of confusion, will launch Rongzhi Rixin into the capital market and become the first industrial equipment and intelligent operation and maintenance company listed on the A-share market in China. After the highlight, Rong Zhi Rixin also has his own worries. It is reported that its performance depends on tax incentives. According to Rongzhi Rixin's prospectus, the total amount of tax incentives from 2018 to 2020 is 11.9354 million yuan, 24.2849 million yuan and 29.2736 million yuan respectively, accounting for 71.48% of the total profit. , 54.36% and 34.43%. In the 2022 semi-annual report, Rong Zhi Rixin also frankly stated that he has always enjoyed preferential income tax for high-tech enterprises; and some self-operated export products also enjoy the export tax rebate policy of "exemption, credit and refund". According to its semi-annual report, in the first half of 2022, its revenue was 209 million yuan, a year-on-year increase of 46.18%; it responded to 33.1536 million yuan in the same period, of which non-net profit was 22.6675 million yuan. At the same time, Rongzhi Nissin's accounts receivable are particularly noteworthy. The semi-annual report shows that as of the end of June, its accounts receivable was 316 million yuan, accounting for 151% of its total revenue. Compared with the end of the previous year, this data increased by 46 million yuan, an increase of about 17%.
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