The weekend of May 5th arrived as scheduled, and the attention of the global investment community was focused on the city of Ningzhou, and further on, the street of Ningzhou's new financial center.
Tiansheng Capital’s annual shareholders’ meeting has become a major event in Ningzhou City. Investment professionals from home and abroad gathered in this city and brought huge excitement to the local area in the past few days.
consumption.
In particular, the people who come here are almost all high-net-worth consumer groups, and their consumption is very strong. Business in some high-end consumer places is booming these days, especially during the May Day holiday.
It has to be said that Ningzhou City has been turned upside down compared to five years ago. Five years ago, it was at most a big city in China. But today, it has become more and more international and attracted the attention of people from all over the world, because Tiansheng Capital
Its influence is growing, and the headquarters of this non-bank financial management giant is located in this city.
The number of participants in this shareholders' meeting set a new record, exceeding 20,000. For this reason, the venue of the meeting was also moved from the indoor multimedia hall of Tiansheng Capital's new headquarters to outdoors, that is, the outdoor square of the new headquarters.
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A third-party enterprise called "Minghui" took over the business of Tiansheng Capital. Tiansheng Capital's new headquarters is not the tallest building on New Financial Center Street in Ningzhou City, but it is definitely a landmark building and occupies an area of
The area is super large.
Nowadays, the land price in downtown Ningzhou, especially in the New Financial Center Street, is extremely expensive. Compared with five years ago, the land price of Tiansheng Capital headquarters has more than tripled. As a result, Tiansheng Capital not only took back the new headquarters
The input cost is still thinking about the doubling of asset prices.
After the lunch time that day, at around two o'clock in the afternoon, the participants arrived at the venue where the shareholders' meeting was held. Lao Yang and several others were already at the venue, and the place was already crowded.
People from the investment and media circles were basically present, and more than 20,000 people gathered at the scene. There are definitely millionaires per capita here, and they refer to the kind who can quickly withdraw millions of cash.
, some ordinary-looking people are likely to be billionaires, such as Lao Yang, who has an ordinary appearance and is the face of passers-by when he walks on the road, but he is worth hundreds of millions.
There is a rectangular platform on the large stage of the venue, which can accommodate five seats.
At around 14:25 in the afternoon, the 20,000 attendees saw five people walking from behind the scenes to the front of the stage. The leader was Lu Ming. He was wearing a round-neck short-sleeved T-shirt today, and his whole look was summer.
Ri Qingliang's casual attire for the meeting was in stark contrast to the other four people accompanying him who attended the meeting in formal suits and leather shoes.
Dressing like this to attend the conference shows that Lu Ming is participating in the conference with a relaxed and comfortable attitude, and it is also a reflection that I have the final say in my territory.
When this look appears in front of people and on the TV screen, it especially gives a great visual impact to young people, because Lu Ming is also a young man. He is only 28 years old this year. He does not wear formal clothes to add a mature and stable side. On the contrary,
With such a casual look, she restrains her maturity and looks more youthful.
This will undoubtedly touch the psychological and emotional fluctuations of young people of the same generation, and they may have dreams again. After all, dreams are the most valuable thing in the world.
When Lu Ming appeared in everyone's field of vision, the scene quickly erupted into an overwhelming round of applause, especially from some of his fanatical believers, who kept cheering as they watched Lu Ming on the big stage screen.
This is Brother Yi’s appeal and influence today.
Lu Ming came to the rectangular platform and sat down. He sat in the middle seat. The other four people were also heavyweights in Tiansheng Capital. They were Qi Wei, the direct person in charge of the overseas QDIE fund, Ge Feng, the person in charge of the primary market, and Tiansheng Capital.
Gao Hua, a member of the board of directors of Sheng Capital and head of the new energy sector, and He Jianfei, who is already one of the independent directors.
After doing that, Lu Ming put a stack of paper documents in his hand on the table. Qi Wei and others were also sorting the materials or typing on the keyboard on the laptop on the table.
By this time, the applause and cheers had subsided, and the venue gradually became quiet, but there were still some sporadic discussions.
After a while, Lu Ming broke off the microphone in front of him, knocked to confirm that it was operating normally, and then calmly said to the more than 20,000 participants in front of him: "Good afternoon, everyone, and welcome to Tiansheng Capital's 2019 Annual General Meeting of Shareholders. First of all,
I want to talk about Minghui Company, an important organization that is able to achieve our grand event here today. This is the result of Minghui's operation. Our guests today set another record, exceeding 20,000 for the first time."
"People from Minghui Company came here at around 3 o'clock this morning. In fact, they had already started preparing for their work the day before yesterday. They helped us handle all the details of the conference properly. It was very planned. We hired such organizations and talents to help
We organized such a large-scale event, they are very professional, and the local people in Ningzhou are also very happy to see everyone coming."
The local people in Ningzhou City were naturally happy and welcomed it, especially the local business people. The presence of these people attending the conference also brought huge consumption power.
Now many locals in Ningzhou City are watching this grand event, because the entire event is broadcast live to the outside world, and the domestic financial channel also opened a column today to cover the event directly.
Lu Ming, who was sitting in the seat, said a few simple words and then withdrew his gaze, looked at the materials on the table, flipped through them, and continued: "First of all, take a look at the financial report we just released not long ago, which is the operating results for the first quarter of 2019.
Revenue was 553.196 billion yuan, or approximately US$82.15 billion, which was actually very similar to the same period in the first quarter last year."
Lu Ming looked at all the participants again and said: "The other thing about Tianchi Technology is that there are a series of special notes on these numbers in this report. They were all published when the financial report was released and when we submitted our financial report. Now Tianchi Technology
We hold 70% of the equity in Chi Technology, and our equity will remain at 34% after the IPO on the Science and Technology Innovation Board."
"We do it in a way that includes and is not limited to equity financing, and some of it is unassigned value, so Tianchi Technology will affect the results we report in accounting. Of course, we have control over Tianchi Technology, so
It is very important to report Tiansheng’s dividends and earnings. Tianchi Technology has not yet submitted its first quarter report, so when the first quarter report of 2019 is released, we will report some of our ratios and numbers because we do not have these numbers yet.
, so these reports do not include the performance of Tianchi Technology.”
"What I'm more worried about now is that not everyone has studied accounting in school, but this is what some accounting standards require. These numbers and its scale, as well as reports in the media, I encourage everyone and today
All the media here, including self-media people, should focus more on our operating income, not talk about so-called capital gains, and not pay too much attention to how high the Tiansheng Composite Index has surged."
Tiansheng's capital gains are mainly reflected in the rise in asset prices, mainly the rise in its holdings of stocks, and the company's main business is investing in stocks, because looking at all financial investment varieties in the world, the returns from investing in stocks are the highest, especially
This is even more true when looking at the longer time period.
But most of the stocks have floating profits, especially the domestic asset targets held in the big A stock market. The profits from rising stocks can be doubled or even several times, but it is not easy to leave the market. As soon as the reduction of holdings is announced, they will die immediately.
On April 22, it was announced that it would reduce its holdings in Ping An by 2%. On the same day, it dropped to the limit. It quickly fell from 88 yuan to more than 62 yuan, evaporating more than 450 billion in market value.
For the two major index constituent stocks of Tiansheng Shang50 and Tiansheng Shenzhen 100, of these 150 targets, there are currently 133 targets whose holdings account for more than 5% of the total share capital, and many even exceed the 30% proportion. If not
It is not easy to adjust positions and exchange shares for illegal operations.
However, after Tiansheng Capital entered the market at the bottom of the stock market crash that year, these 150 targets did not move easily, ignoring the speculative fluctuations in the capital market. One of the reasons is that the current position cost is really low. For example, the average position of Mao Tie
The price is below 200 yuan per share. It is not an exaggeration to say that it is a floor price. In the future, it will not be a problem to further reduce costs to below 150 yuan without paying dividends.
The targets of these more than 100 core assets are basically the same, and the chip prices are on the floor.
