Chapter 678 [Tiansheng Capital's first quarterly report disclosure]
Just tonight, another new emergency incident has attracted global attention and caused heated discussions on the global Internet.
A fire broke out in the Notre Dame Cathedral in the French capital that evening, causing the spire of Notre Dame to collapse and causing serious damage to the building.
This incident suddenly hit the social media screens at home and abroad that day, becoming a new top-notch hot event. The richest man’s melons had long been forgotten, and there were too many new melons to eat.
At this time, the World Food Program and Bisili breathed a sigh of relief, and felt inexplicably grateful to the Notre Dame Cathedral for saving them from the fire. At this moment, the focus of the world's attention shifted to the Notre Dame Cathedral caught in the flames.
Already.
As for the call for Lu Ming to donate 8 billion US dollars, I don’t even mention it now, but I am afraid that Lu Ming will cause trouble.
As for the current situation, Lu Ming is actually happy to see it. The fire at Notre Dame has basically diverted the attention of the domestic public from his private life.
…
Tuesday, April 16th.
Tiansheng Capital Headquarters, Lu Ming's office.
In the morning, as soon as Lu Ming arrived at work, Han Qiulin came to his office and handed a financial report to his desk: "The company's first quarter performance has been audited."
Lu Ming looked at the folder on the desktop, then picked it up and opened it to get a rough overview of several important data.
Tiansheng Capital's first quarter 2019 financial report data shows that the company's revenue in the first quarter was 553.196 billion yuan, an increase of 4.78% compared to the same period last year, and an increase of 59.08% compared to the previous quarter. This performance has greatly exceeded market expectations.
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When it hit more than 520 billion in the first quarter of last year, it exceeded expectations. No one expected at that time that Lu Ming had predicted the sanctions and arbitraged his withdrawal in advance. For this reason, he was banned globally.
The expectations given by various market analysts this year are around 350 billion, which means that the revenue in the first quarter will drop by about 33% year-on-year. The result is a positive growth, exceeding market expectations by a huge 200 billion. It is undoubtedly another year.
King-level performance.
Looking specifically at the revenue structure in the first quarter, management fee income is about 23.1 billion, which is guaranteed by droughts and floods. It will make a steady profit of close to 100 billion in a year. In addition, Tiansheng Small and Medium Enterprise 300 is in the hands of Feng Xiaocheng and performed very well in the first quarter of this year.
It brought a net profit of 27.6 billion yuan to the company.
But the real bulk is revenue from overseas markets, which reached 463.1 billion. In the first quarter, 83% of this revenue came from overseas, which accounted for a record. This is excessive.
On the other side of the ocean, I saw a rhythm that was probably going to make my hair go crazy. It was a rhythm that went crazy.
The rest of the revenue comes from the company's private equity funds and other items.
Net profit in the first quarter was 376.173 billion yuan, a year-on-year decrease of -1.30% in the first quarter of last year, and a month-on-month increase of +56.47%. The main reason for the negative growth in year-on-year data was that the company's net profit margin fell below 70% for the first time.
Sheng Capital now has one more expense, which is a charity donation to the Science and Livelihood Fund next door. This new large expenditure has lowered the net profit margin.
But even so, this performance is enough to blind the attention of many peers in the industry.
The most explosive result in the first quarter is the latest profit and loss statement. The data shows that Tiansheng Capital’s net assets as of the first quarter were 5.02 trillion yuan, exceeding the 5 trillion yuan mark for the first time in history. The year-on-year growth data was
+141.34%, and the month-on-month growth data is +61.93%.
The company's net assets once again lead the company's total market value. As of today's closing price, Tiansheng Capital's total market value is 4.86 trillion.
The company's assets under management are 8.65 trillion yuan, with a year-on-year growth rate of +191.24% and a month-on-month growth rate of +64.13%. The total scale of Tiansheng Capital's own assets plus assets under management has reached an astonishing 13.67 trillion yuan, approximately.
A total of 2 trillion US dollars.
In fact, it is far more than this figure. Lu Ming has implemented a new strategy since the second half of last year and has hidden a small treasury, which is a hidden asset that is not included in the statements. It currently amounts to approximately 900 billion yuan.
In other words, the actual data is 1.457 billion yuan, which is approximately 2.17 trillion U.S. dollars.
The purpose of the small treasury is to flexibly adjust the statements in the future to prepare for emergencies.
Finally, Lu Ming read the contents of the report, stamped it with his official seal and closed it. The results were very impressive, but it did not cause Lu Ming too much psychological fluctuation. It was just a break from his normal working day.
He handed it back to Han Qiulin and said: "We will disclose it later. As for the financial report conference call, I will not attend."
Han Qiulin nodded, took the materials and said: "In addition, I received internal information from relevant parties in the capital that in this economic and trade consultation with North America, Tiansheng was mentioned on the other side of the ocean, and it is a key issue."
Lu Ming leaned back in his chair, crossed his arms and said, "Oh? How should I say it?"
There have been a lot of things related to the international community recently.
Han Qiulin's words were concise and concise: "North America requires Tiansheng Capital to purchase U.S. debt on a large scale. The specific situation is still being discussed, and it seems that the negotiation is not going well."
Hearing this, Lu Ming couldn't help but smile and said: "This old American has changed his tricks. You want me to lend him money?"
Let Tiansheng Capital buy U.S. debt on a large scale, it is just borrowing money, and it is the kind that will never be repaid, because the financial order in the world today is still dominated by the U.S. dollar, and Lu Ming is very clear about what will happen next.
In the past few years, the world's debt has expanded wildly, and beautiful countries have even started nuclear-powered money printing machines.
There is really no need to repay it, because you just need to keep printing dollars, keep issuing bonds, and continue to expand debt.
Lu Ming thought for a moment and said: "This matter is not urgent. We will probably wait and see if there are new changes. When the results are revealed tomorrow, many people in North America will definitely be very excited. Some of them will be ripped off. I don't want my money."
It’s so easy to borrow.”
…
Han Qiulin had just left the office. Lu Ming looked at his work computer and looked at the closing situation of the A-share market. First, he casually switched to the market index to take a look.
Yesterday, the Shanghai Stock Index closed a big negative line, and it was a bare negative line. The volume and energy were also enlarged compared to the previous trading day. The transaction volume for the whole day was close to 360 billion, which shows that today's sharply higher opening still mobilized the enthusiasm of buyers.
In the recent market conditions, the index has formed a double top M head pattern near 3200 points.
In the process of rising, large-cap stocks rise first, followed by small-cap stocks.
At the top, it was the other way around, with small-cap stocks falling first and large-cap stocks rising later. Today, the ChiNext fell -1.70%, and it has already started to fall first.
The subsequent trend is that large-cap stocks begin to fall. Once the funds in large-cap stocks begin to withdraw, the index will enter a sharp decline mode.
Lu Ming is even more aware that after entering the middle to late month of this month, Zhongguo Ping An will be removed from the Tiansheng 50 Index constituent stocks. Unsurprisingly, the market will enter the first period of the main downtrend from this time.
The time at this moment is around 9:35. It has just been five minutes since the market opened today. The Shanghai and Shenzhen stock markets opened lower across the board. Yesterday’s high opening and a dive to close a barefoot negative already indicated today’s low opening, and three days after the opening.
The major indexes are also fluctuating at low levels and trending flat.
It was not until 10 o'clock that Tiansheng Capital disclosed its first-quarter performance report. Its stock price rose sharply, and its total market value once again reached the 5 trillion mark. At the same time, it drove the financial sector to rise unexpectedly, and led the index to rise. The Shanghai Stock Index took the lead in turning red.
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In the afternoon, the three major stock indexes continued to fluctuate upward. The three fools of insurance, banks and securities companies continued to exert more force today after yesterday's market crash. The Shanghai Index once again stood at 3200 points, while the Shenzhen Component Index and the ChiNext Index also turned red one after another.
Individual stocks gradually heated up, and the three major indexes continued to rise, showing a strong unilateral rise. Among them, the Shanghai Composite 50 Index rose by more than +3% and hit a new high.
Tiansheng Capital's performance report disclosure speed is well-known among thousands of big A listed companies. It has rarely been delayed until the last few days.
This first-quarter performance report, which far exceeded market expectations of RMB 200 billion in revenue, blinded countless people.
