At the shareholders' meeting, more than 20,000 people gathered to listen.
Lu Ming, who was sitting in the middle seat on the stage, turned over a page of documents, looked at the content and said: "In the first quarter, we had revenue of 553.196 billion yuan, approximately US$82.1 billion; in the first quarter, we achieved a net profit of 4702.16 yuan per share.
, which is approximately US$698.27.”
Lu Ming looked at all the attendees and added: "Once again, the results above for each share are reported based on this number, but our current revenue report does not include Tianchi.
Technology is also specifically disclosed in our performance report, so no matter how much it is, Tianchi Technology is not included."
Time passed by, and after Lu Ming finished speaking, Gao Hua, one of the company's board members, began to speak. He is the person in charge of the new energy industry ecology of Tiansheng Capital. At the shareholders' meeting
It’s also about issues related to this area.
Then several others made some reports at the shareholders' meeting, including some of the company's future prospects and other contents.
…
An hour later, the question-and-answer session that all participants were most looking forward to was finally ushered in. In the next three and a half hours, questions from shareholders, reporters, institutional analysts, etc. will be accepted.
Lu Ming took over the conversation again and said with a smile: "The first question of the previous two shareholder meetings was given to reporters and institutional analysts. This time it will be given to small and medium-sized investors."
After saying that, after a while, the staff randomly selected a retail investor.
The director behind the scenes also turned the camera over, and the giant screen switched to the audience seats, and focused on a 35-year-old middle-aged man wearing glasses. At this time, he seemed quite excited. He did not expect to be drawn and named the first person.
a questioner.
After a while, the man took the microphone handed over by the staff. There were so many big guys present, which made him excited and stressed out.
"Good afternoon, Brother Yi. I have been a small shareholder of Tiansheng for three years. I planned to pay a down payment for a house in 17 years, but then I decided to buy Tiansheng's shares. I bought 200 shares when Tiansheng's stock price was 11,900 yuan. I
I am also a super fan of you, Brother Yi... My friends and I are full of love for you."
"I believe all your fans are the same as me, and you have painted a very beautiful picture for all our shareholders at Tiansheng Capital, which has benefited us very much. My question is, can you tell me a little bit about yourself?
Are there any stable products that small and medium-sized investors can invest in for the long term with relatively low risks?”
The attendees at the scene were quite calm and quite wealthy. The shareholders' meeting was also broadcast live online. Netizens were extremely envious when they heard that the questioner held 500 shares of Tiansheng Holdings.
However, it was not ordinary people who could afford to buy 200 Tiansheng shares back then, which cost 2.38 million.
According to the latest closing price of the stock king, the market value of these 200 shares is almost 11.9 million yuan, which has quadrupled in three years. If it is investing in real estate, it is much richer than buying a house, but the actual income is far more than that. In these three years,
The cash dividend is also more than 1.4 million.
Lu Ming pondered for a moment and said with a smile: "You need to be careful when answering this question because we don't want to mislead people. Gold can be allocated. There are not many strategies that can be done in China, but the existing strategies are enough for retail investors, such as doing
Doing gold TD and the like, and gold is still an important core asset allocation variety for Tiansheng Capital."
Regarding this issue, Lu Ming is directly bullish and recommends buying!
Because for retail investors, professional analysis does not make much sense, and retail investors do not care, they only care about buying and selling issues.
Brother Yi once again sang about being bullish on gold. Last year, someone asked a similar question at the shareholder meeting. This year, he recommended everyone to allocate gold assets. Gold is ultimately bullish.
Taking gold T+D as an example, there was a profit of more than 4 points from last year's shareholders' meeting to the latest closing price. For retail investors who speculate in stocks, this profit is simply not worth it.
However, after listening to Lu Ming's advice last year, those who allocated gold did not make huge profits, but they also avoided losses.
Moreover, since gold TD hit the bottom in mid-to-late August last year, it has also risen for a while, with a gain of more than 12 points. However, it fell after mid-to-late February this year, and has adjusted to the current level.
This period of adjustment happens to be when the big A market is booming in the spring. The stocks are going crazy, especially the big financial sector. The market can give you an increase of more than 5 points in one day. The whole market is going crazy.
It is normal for gold to adjust. Everyone has dumped gold and gone to buy stocks.
If you want to be stable and low-risk, you will naturally not be able to create high returns, unless you buy the Tiansheng Value Growth Hybrid Fund, which is currently the only one in the world, but it is not so easy to get started.
…
The second questioner quickly appeared, a reporter from a media organization, and a foreign face.
"Mr. Lu, according to FCC documents and our stock exchange declarations, Tiansheng Capital does not hold any foreign stocks, but more than 80% of your company's revenue in the first quarter came from the global market. Assume that you hold shares today.
With foreign stocks, what would be your ten most important holdings?"
A large number of attendees present, especially some investors from China, couldn't help but look at the questioner. This question was very funny. Why is it still asked here?
Till now, Tiansheng Capital has not lifted the ban and sanctions. Can this be made public?
However, Lu Ming still answered this question seriously: "We can be a so-called consulting or consulting company, but we don't do that. Therefore, today we are not recommending you to invest in any stocks. We do not need to report foreign stock transactions.
As a result, we will never conduct investment consultation on stocks from an unnecessary angle, especially on foreign stocks. We will not disclose information unique to Tiansheng Capital, nor will we report our positions to the FCC.
"
…
The third question is from a domestic institutional analyst: “According to Tiansheng Capital’s first quarter report, Tiansheng Capital now has disposable cash flow of 2.76 trillion, of which Tiansheng Capital’s own cash flow is also
Reaching more than 900 billion, so much cash, my question is why doesn't your company buy back more shares?"
Since the listing of Tiansheng Capital, there have been a total of two stock repurchase operations, which corresponded to the two issuances of convertible bonds. The most recent one was in the third quarter of last year, when more than 70 billion was spent to repurchase the company's shares.
The total share capital was once again fixed at an integer of 80 million shares, and all repurchased shares were cancelled.
Of the more than 70 billion yuan, 30 billion yuan was raised from the issuance of convertible bonds. The remaining part was made up by the company. The two times Tiansheng Capital raised debt was not because it was short of money and sought the market, but to provide financial support.
An opportunity for retail investors to get on board.
Lu Ming answered in an orderly manner: "We used to have such a strategy, which was to do repurchases based on book value, but now this is outdated. When you repurchase stocks now, the price of the stock needs to be higher than the book value at that time. Buying stocks should be
A conservative approach is to buy based on the estimated intrinsic value. In the third quarter of last year, we bought about 73.2 billion yuan in repurchases, but this has little to do with how much we want to buy. We want to make sure that when we repurchase stocks, these stocks are not sold.
People will make more profits than before the buyback.”
…
A reporter from the domestic media raised the fifth question: "...In fact, we have also seen the recent news and trends regarding bilateral economic and trade consultations. From the perspective of scenario deduction, Mr. Lu, have you ever
Some expectations? Are there going to be bad scenarios?”
Lu Ming felt happy when he heard such a question. This person really asked the key point because he thought about his past life at this time point. If nothing happens, the commander-in-chief will be the leader in the early hours of tonight.
Something is about to happen.
Of course, it was impossible for Lu Ming to say that. After pondering for a moment, he began to answer: "This is actually an answer. If you are a trader, what you fear most is uncertainty. This uncertainty does not mean that
Good or bad, but I don’t know whether it’s good or bad, that’s what the market is most worried about.”
"What traders are trading is uncertainty, not a deterministic answer. In other words, it doesn't matter whether it's good or bad. Anyway, you just need to implement it for me. For particularly bad situations, you have more ideas."
For example, if there is a sudden war crisis, or if the commander-in-chief posts a message on his social account tomorrow, things will take a turn for the worse."
"But it's a bit far from the market's understanding. From the market's understanding, it's very simple. Whether you fight or not, as long as you put this boot on the ground, I have nothing to worry about.
, because this has become an established fact.”
Having said this, Lu Ming nodded to indicate the end of his answer.
As for whether the Commander-in-Chief will cause trouble tonight, Lu Ming does not dare to give a 100% guarantee. Anyway, he will know when the time comes.
