In the next few trading days, Quantitative Capital was stimulated by the unexpected performance of the annual report, and the stock price continued to exceed the one-digit daily limit. By Thursday, April 18, it had five consecutive one-digit daily limit.
On Friday, April 19, the price limit opened again, breaking through the sub-high of 22.54 yuan and reaching a new high in the near future.
However, this one-word board exploded in the market, but was later closed again. Finally, it came out of the T-shaped board with a volume of 1.361 billion. The stock price also rushed to 24.61 yuan, and the market value soared to 34.405 billion yuan.
Quantitative capital has stepped out of seven boards in seven days, and the first board is still the ground and sky boards. The stock price has halved in about seven or eight days before, but now in seven days, the cumulative increase of +116.45% has doubled.
Investors also discovered a detail, that is, since the backdoor listing of Weibo in 2010, the annual big monster stocks in the A-share market are basically in the galaxy, and they are often ten times higher.
In particular, the top bull stocks with the largest annual gains have been dominated by Galaxy concept stocks in recent years. Last year, it was even more impressive. Jiuzhou Blue Arrow, Yixing Video, Yixing Media, Kunpeng Technology, Jiuzhouxing, Maker Square, Youxing Kefang and other targets were among the top ten monster stocks in 2012, and all of them increased by more than 15 times during the year.
This year's quantitative capital resumption of trading has locked in the year's number one bull stock. It rose 17.8 times on the first day of resumption of trading, and fell to the price of 6.46 yuan. Today's seven consecutive boards broke through the second high, and the increase has expanded to 280.96%. The increase during the year also reached +888.35%, which is currently the largest increase in the A-share market this year.
Investors are paying more and more attention to the listed subsidiaries of Qunxing, including some hot money, because these targets are too volatile, easy to go crazy, and the trading volume is not low. Short-term investors like to do this kind of trading the most.
…
Meditation in the villa.
"The financial data of Qunxing Capital in 2012 are out. The company's annual revenue last year was 1,672.045 billion yuan, a year-on-year increase of +49.08%; the net profit was 551.441 billion yuan, a year-on-year increase of +53.65%. The absolute numbers of revenue and profits increased significantly, but the growth rate The slowdown is significant.”
Tian Jiayi said and handed the financial report document to Fang Hong, who opened it and took a look.
In 2011, Qunxing Capital's revenue growth rate reached about +117% year-on-year, and its net profit growth rate for the current period also reached about +89%. In comparison, this year's growth rate has slowed down significantly.
But this is normal. The company's current revenue base is different from that in 2011. The current revenue base starts at one trillion yuan.
It is unrealistic to keep doubling the annual growth rate. After all, the upper limit of global economic growth is there, and the investment income growth rate of Qunxing Capital is several times the global economic growth rate in the same period.
As far as the company's profits are concerned, it is equivalent to the first line in two universes.
Tian Jiayi said: "The company's total assets at the end of the period were 4,055.183 billion yuan, a year-on-year increase of +32.34%; net assets were 3,753.356 billion yuan, a year-on-year increase of +37.31%; liquid cash was about 1 trillion yuan, a year-on-year increase of +20.08%; the company's total debt was 301.827 billion yuan, a year-on-year increase of +37.31% Yuan, a year-on-year decrease of -8.72% and a month-on-month decrease of -5.37%.”
I have to say that yes, judging from this fiscal year data, the asset structure of Stars Capital is too perfect.
The debt ratio is less than 7.5 percentage points, which leaves a lot of room for leverage. Qunxing Capital can leverage up to raise the debt ratio to about 40%. It is actually relatively disadvantageous to maintain a debt ratio below 10 percentage points now.
Not to mention anything else, just holding one trillion yuan in liquid cash is a huge capital cost.
But Fang Hong actually restrained Qunxing Capital’s desire for expansion and growth. Different perspectives look at the problem completely. Generally speaking, it is no problem for a company’s debt ratio to reach 40%. However, if Qunxing Capital raises the debt ratio, the risk is actually higher than that of other companies. The business is bigger.
Because there are so many super large projects in operation, such as the Zhudai Project, the 100-million-acre afforestation project, the entire semiconductor industry chain, etc., there are so many super large projects with hundreds of billions of expenditures in hand.
These projects require Qunxing Capital to cover the bottom line, which means that potential risks are superimposed on Qunxing Capital.
Therefore, blind expansion is not allowed, especially the capital credit of Qunxing Capital must not be penetrated, otherwise it will trigger a chain reaction and lead to a complete collapse.
There must be sufficient financial capacity to leverage trillions or even trillions of funds at any time. In other words, Stars Capital needs to retain the ability to derive currency, which is an invisible credit support.
Partners like Chung Tai Capital, Perennial Capital, etc. are following the lead of the stars. These guys are always looking for where they want to go. Isn’t it because they have confidence in you? It’s because your super strong underlying credit is supporting them.
I know that you can take action and have the ability to take action. I also know that your company's terrifying currency derivative capabilities can leverage hundreds of billions of funds if you increase the amount by just 10%.
Finally, Fang Hong closed the materials and said: "From now on, the company's cash flow will be maintained at around 1 trillion. If we have too many reserves, we will not be able to withstand the cost of capital."
The daily interest on the trillion-level cash reserves is a huge astronomical figure.
Fang Hong put the materials aside, looked at Tian Jiayi and asked, "By the way, have the merger and reorganization of the three GPU manufacturers begun?"
Tian Jiayi replied: "It has already started, but the head of Microchip is a little dissatisfied. If the merger is forced, he will resign, and the other two will accept the integration."
Hearing this, Fang Hong said simply: "Then buy back his equity and let him cash out and leave."
This is a track that can reach a trillion-dollar level in the future. Fang Hong also attaches great importance to it, and he is sure that Chen Yu can lead the team to break through in this field. Since he is sure, then just concentrate resources and let him do it.
After a while, Fang Hong added: "Let's repurchase it at a premium of 35% of the current market fair value. Treat the withdrawal of senior technical talents in the high-tech field and seek a good reunion and separation."
Tian Jiayi nodded.
The purpose of letting him quit at a premium is also very simple. To gain a reputation, no matter what, your old club will not cheat you.
…
After the weekend, it’s Monday, April 22nd.
Quantitative capital stopped at the seventh consecutive board. Today it opened high by about +7% and then fell back. Finally, it closed down -3.25%. The stock price closed at 23.81 yuan. The trading volume for the whole day was 2.599 billion yuan, setting a new record for the largest day's trading since the stock was listed. Quantity record.
Today's highs broke off and closed in the negative, and the profits at the bottom were also cashed out on a large scale today. Investors who participate in the Galaxy Concept Stocks all know that these stocks are too volatile, and they can be cut in half during corrections.
However, those who cashed in today soon regretted it. In the remaining four trading days of this week, quantitative capital did not fall sharply. Instead, it directly reversed the high negative line daily limit, and directly walked out of the four-day market, changing all the way. Hit the hand upwards.
As of the close of trading on Friday, April 26, Quantitative Capital's share price closed at 34.86 yuan. The stock once again set a new daily trading volume record, reaching 2.710 billion yuan, and the market value rose to 48.734 billion yuan.
According to the current stock price, Quantitative Capital's price-to-earnings ratio has reached 45.67 times.
In addition, other galaxy concepts such as Xingyu Technology are also repairing the market and entering an upward trend. The popularity of these tickets has fallen out of the top ten, but quantitative capital tops the list. The recent trend of this ticket has crossed the market and become a new trend in the two cities. The most popular one.
The second segment of the main rising wave market was driven by performance exceeding expectations. It rose from the price of 11.37 yuan and has increased by +206.59%, which has doubled; from the group of galaxy concept stocks to the collective limit-down trend to the price of 6.46 yuan, the two main segments of the rising wave The cumulative increase in the market has also reached +439.63%, a four-fold increase. From the price of 2.49 yuan on the first day of resumption of trading, the current increase during the year has reached 1300.00%, an increase of 13 times.
Galaxy concept stocks are now very popular among hot money, and more and more retail investors are following the trend to participate in the game. It’s hard not to come and play, because the most popular one is among Galaxy concept stocks. If you want to make money, you can only come here to play. , because although the decline here is fierce, the rise is also huge.
…
(End of chapter)
