Chapter 161 [One brother has run away early, run away, brothers (18/73)]
Monday, August 8, Tiansheng Capital Headquarters, CEO Office.
"Please come in."
An Yirou entered the office and handed a financial report to the desk, "The company's consolidated interim performance audit for this year has been released."
Interim report and semi-annual report all mean the same thing.
Lu Ming picked up the performance report and opened it. This financial report is the consolidated financial statement of the major subsidiaries of Tiansheng Group. In a sense, Tiansheng Holdings itself, which is designed with a dual-class share structure, is just a shareholding platform. The company's
Performance statements are mainly reflected in the consolidated statements of Tiansheng Venture Capital, Tiansheng Fund and other subsidiaries.
After the consolidation of Tiansheng Capital, the total revenue in the first half of the year was 6.237 billion yuan, a year-on-year increase of 3326.92%, the net profit was 4.46 billion yuan, the net profit margin was 71.5%, a year-on-year increase of 6901.56%, and the net profit attributable to the parent company was 4.382 billion yuan, excluding non-net
Profit was 4.229 billion yuan, and net assets at the end of the period were 341.573 billion yuan.
The year-on-year growth rate of revenue and profit has reached dozens of times. The reason is that Tiansheng Holdings' listing was through a backdoor process rather than an IPO. However, this is only secondary. The main reason is that the company was established early and went public last year.
The half-year revenue is less than RMB 200 million, and the year-on-year growth rate is of course dozens of times higher, as is the profit.
As for the 2015 fiscal year performance report disclosure, the annual operating income exceeded 20 billion, and the net profit also reached close to 15 billion. This is because there was no further investment after the overseas assets capital market cashed out in the second half of the year, which directly reflected the financial profit.
on the table.
Tiansheng Holding Group's performance report To a certain extent, whatever Lu Ming wants the company's performance to be, the accounting department can make it according to his will, and its ability to whitewash the report is far stronger than that of other non-pure investments
Listed companies of a certain nature.
Because of this, when the capital market looks at Tiansheng Holdings' financial reports, they generally don't pay much attention to the so-called ROE, EPS, revenue, net profit and the like, which are useless.
What truly reflects the company's fundamentals is its profit and loss statement and price-to-book ratio. The key is to see the changes in Tiansheng Holdings' end-of-period balance sheet.
There is no doubt that the company's performance exploded in the first half of the year. The actual net assets at the end of the first quarter report were 223.79 billion yuan, and now they have reached 341.573 billion yuan. In the second quarter, they increased by 117.783 billion yuan, with a growth rate of 52.63%, far exceeding
Market expectations give a growth rate of 27.35%.
The company's asset prices soared by more than 50% at the end of the period. The main contribution came from the overseas investment of Tiansheng QDIE Fund. This sector has made crazy profits in the first half of this year.
Starting from going long in February of this year and starting to go long on NVIDIA, for example, this company started going long on Tiansheng QDIE, and its stock price has reached an astonishing cumulative increase of +144.5%, and it will soon rise to 1.5 times. NVIDIA is
This is a stock that has been very strong in the U.S. stock market this year.
It will continue to strengthen in the future, which also has major factors in Bitcoin mining.
Other companies such as Amazon, Google, Activision Blizzard, etc. also have good returns. Although the stock price has not risen as much as NVIDIA, it is still 40 or 50 percent. The key is that Lu Ming not only did long on these stocks, but also engaged in these stocks.
Call options are a huge profit here.
In this round of investment by Tiansheng QDIE, Tiansheng’s own assets were allocated 91.8 billion yuan, excluding exchange rate changes. In addition to the surge in asset prices for overseas investments, domestic assets also contributed 26 billion yuan to the asset price increase.
.
The main domestic contribution is the company's creation of the "Tiansheng 150" investment portfolio in June. In addition to investments that help LPs manage their money, Tiansheng Capital's own investments also account for about 30%.
, a group of domestic investors carried up a wave of sedan chairs to promote the rise in asset prices, as well as the rise in the asset prices of Anshi Group held by Tiansheng Capital.
Although the domestic capital market is currently declining again, this is data for the second half of the year.
Lu Ming quickly browsed the report, nodded and signed, and then said to An Yirou: "At around nine o'clock in the evening, the consolidated interim report will be released directly. There is no need to make a performance forecast. The financial report conference call will be changed and postponed to this week.
five."
…
That night, Tiansheng Holdings disclosed its interim results, and major market software also pushed this news through small windows.
This surprised the market. Tiansheng Holdings’ interim results were not announced in advance. This sudden release of results also caught everyone off guard. In fact, there are very few performance reports released at this time point of Big A, and they are basically disclosed in the last few days.
.
Generally speaking, the longer the financial report is released, the less optimistic the business situation will be. Of course, there are also group companies with big businesses, but the consolidated financial audit of subsidiaries is not so fast.
It is worth mentioning that there is no pre-disclosure of Tiansheng Holdings’ interim results. The Shanghai Stock Exchange does not mandate performance forecasts, but only encourages them. Only the Shenzhen Stock Exchange’s GEM interim reports require mandatory pre-disclosure, and the time is stipulated in July.
Do it before the 15th.
The trading code of Tiansheng Holdings starts with 6 characters, which is obviously a shell borrowed from the Shanghai Stock Exchange.
The sudden release of interim results surprised investors and they were even more shocked by the content disclosed in this financial report. Ordinary novice investors were also shocked when they saw the company's revenue and net profit soaring.
Some institutions paid attention to the end-of-period asset sheet of Tiansheng Holdings and saw that in one quarter, its asset prices surged by more than 100 billion, an increase of more than 50%, which is very shocking data.
The comments under the market software are also quite popular.
"What the hell is net profit increasing 69 times?"
"It's surprising that a financial announcement was made so early, without any notice in advance."
"66666, daily limit tomorrow!"
"Profit growth is not the key. The most abnormal thing is the rise in asset prices. The 52% month-on-month increase in assets at the end of the period is too exaggerated."
"How is it possible to hit the daily limit? Tiansheng Holdings has such a large volume in the securities sector, so it can't go crazy even if it hits the daily limit? Whether it rises or not depends on whether institutions are willing to spend money to pull it up."
"I also think it is impossible to raise the limit. Tiansheng's ticket is very paradoxical, and I think that when the stock price has risen to more than 7,000 yuan, someone may have known about the explosion in performance. Don't forget that this is an institutional ticket, and it is not an ordinary institutional ticket."
"Let's take a quick look at the data of Tiansheng Fund, a subsidiary of Tiansheng Enchantress. There have been major changes in the top ten holdings of Tiansheng Enchantress. The heavy position of Shandong Gold has disappeared? Zhongguo Construction has directly filled its position?"
"The seven constituent stocks of the fund account for 70%, and the top ten holdings account for 87.6% of the total positions. It is more concentrated than the last adjustment. I am so cruel."
“Why is Brother Yi so obsessed with ‘Haitian An’s Mao Wulu’? It’s worthy of being called the ‘Six Meridians Divine Sword’... [laughing and crying]”
"I think this is a major position adjustment. Shandong Gold is no longer among the top ten positions? Did Brother Yi clear it or reduce it?"
"I bought Beifang Huachuang in mid-July, and the quilt cover is almost 10 points. Isn't this a ticket held by Tiansheng?"
"I am also chasing Yi Wei Li Neng according to Tiansheng Yaoji. The current trap is -24%. Is there any hope?"
"I have lost -24% in Tianchi Materials."
"These stocks have tripled in value since the beginning of the year when Brother 1 opened a position through block trading. Are you chasing after Brother 1 at this time to take over the order? Maybe he has run away long ago!"
"Uh... the market is saying that Tiansheng Capital has 300 billion in capital to enter the market, so it must increase its position, so..."
"Hahaha, so you want Brother 1 to carry the sedan chair? Look through the financial report and see what Brother 1 has been doing recently. He spent money crazily in the primary market and invested in more than 20 companies. You want Brother 1 to increase his position?
You carry the sedan?"
"Wori, I forgot that Tiansheng Capital still has venture capital business, so, so, so, so bad!"
"The new energy sector has been plummeting recently, and lithium batteries are all in trouble. I think Brother Yi has run away!"
