Chapter 719 [Stars Capital 2013 Annual Report]

Style: Romance Author: Zhaoling SiyuWords: 2411Update Time: 24/01/18 08:59:51
The opening ceremony of WCG2014 was a great success, far exceeding the expectations of all e-sports players and practitioners, and became a hot spot on the Internet on the following Monday.

An opening ceremony has largely established the event's unshakable status as the world's top e-sports event, especially in the hearts of e-sports players and practitioners.

In people's minds in the future, the WCG event will undoubtedly further strengthen the concept of "the Olympics in e-sports" in people's minds.

After all, no e-sports event has been able to achieve such a large scale and such high standards. Even many traditional sports projects do not have such standards.

Also on Monday, the A-share market opened with a surge. The Shanghai and Shenzhen stock indexes jumped short and opened higher in early trading, and showed a unilateral rise during the session. The Shanghai stock index rose nearly 2% and approached the 2100-point mark. The GEM index also It once again hit a record high during the session, with themes across all sectors showing general gains, individual stocks going up and down, and the trading volume in the two cities also increasing significantly.

Today's sharp rise in the A-share market is mainly due to the positive stimulation of the weekend. The central government is expected to invest a lot of funds in the open market. The industry expects that this year's monetary policy will be relatively active in responding to tight liquidity, and the investment in open market funds will be relatively active. will increase, which will be a major benefit to the A-share market.

This is the core driving force for today's strong rebound. In addition, there is a meeting coming soon, and the surge in external markets has also had a positive resonance effect on Big A.

Judging from the disk, the theme stocks are competing, and the new energy vehicle sector has become the biggest hot topic in the market speculation, because after the expiration of the current subsidy promotion policy for new energy vehicles, it will continue to be positive in real time and stimulate the collective rise of the sector, and also lead the lithium battery and other themes The stock volume has surged, and the market's willingness to go long is very strong.

In terms of individual stocks, Kunpeng Technology was affected by the opening ceremony of WCG2014 yesterday. Today it also opened and closed a big positive line with a jump high, but it did not reach the daily limit and finally closed up +8.79%.

After Quantitative Capital's one-digit daily limit last Friday, it once again achieved the one-digit daily limit and entered the second board today. The stock price hit a new high for the year, reaching the price of 146.60 yuan. It rose from 50.65 points and the cumulative increase reached +189.43%. , the market value has increased to 204.9 billion, once again returning to the 200 billion market value mark.

Last year, the company encountered a sudden "black swan" incident and was "blacklisted" by the United States, which interrupted the market. It reached the current highest price of 252 yuan, and fell all the way to 50.65 yuan, with a cumulative decline of nearly -80%, which can be described as tragic.

One of the key points of the recent doubling is that investors gradually no longer value quantitative capital as diversified financial stocks, but instead value them as high-tech stocks.

The price-to-earnings ratio given must be far higher than that of Diversified Finance.

Moreover, with regard to the recent layout of quantitative capital, whether in the search market or online live streaming, investors were originally not optimistic about Chen Yu’s entry into these tracks.

However, the recent performance has impressed investors and gradually changed their minds. The performance of entering these tracks far exceeded market expectations, especially the track of online live broadcast platform, which reached its peak after its debut. Linker TV directly became the No. 1 player in the country. A major live streaming platform.

These layouts have brought new growth points to quantitative capital, and the capital market is looking forward to it.

The artificial intelligence "Xiao Aya" is also remarkable, which shows that this company not only has vision but also has unique technical skills.

All in all, this company has a lot of stories and a lot of concepts to hype.



The next day, Tuesday, February 11th.

The rebound of the A-share market continued. The Shanghai Stock Exchange Index recovered from three consecutive positives and closed up +0.84% ​​on the day, closing at 2103.67 points, reaching the 2100-point mark.

The performance of Quantitative Capital today was that the bidding price reached the daily limit and went out of three consecutive one-word boards. However, the board exploded during the session, but it also achieved a recovery. Finally, the third board went out of the "T" board, and 4.254 billion was released throughout the day. With the strong trading volume, the stock price has also reached a new high of 161.26 yuan. Since the reversal of difficulties, the cumulative increase has been +218.38%, and the market value has increased to 225.4 billion yuan.

If you open the K-line chart of this stock, you will find that its trend fluctuates very violently, basically with big ups and downs, with huge losses and huge profits. People with poor risk tolerance cannot control it at all.

However, the overall trend of quantitative capital is that its center of gravity is constantly too high, and it is rising along a rough slope.

This is actually the result that Fang Hong requires from his partners who do market value management. He doesn't care about the specific trend fluctuations, but he must ensure the overall upward trend. The reaction to the market trend is that the bubble quickly inflates, and then is punctured and returns to the mean. , and then starts to move upward again.



In the afternoon, stay in the villa quietly.

"The 2013 financial report of Qunxing Capital has been audited." Tian Jiayi looked at the material report in his hand and reported in an orderly manner: "The company's annual revenue last year was 2.198926 billion yuan, a year-on-year increase of 31.51%, and the net profit was 775.217 billion yuan, a year-on-year increase of +40.58%. The absolute numbers of revenue and profits continue to rise, but the growth rate slows down again by about 10 percentage points."

Tian Jiayi said and handed the financial report document to Fang Hong, who took it and looked at the data in detail.

The growth rate has slowed down for two consecutive years. It is highly likely that the doubling of growth rate in 2011 will be difficult to break through, unless human civilization can break through the constraints of the earth and extend to the moon, Mars and even the entire solar system, bringing unprecedented expansion and growth.

Just think about this in your dreams in the short term.

However, the slowdown in growth is in line with Fang Hong's expectations. Star Capital's income base is too large and it is impossible to maintain exponential growth.

Although the revenue growth rate slowed down last year, it exceeded 2 trillion in revenue for the first time, and it still has a year-on-year growth rate of more than 30 percentage points. Under the trillion-level base, it is still a quite exaggerated growth.

Financial report data shows that the company's total assets at the end of 2013 were 5,138.223 billion yuan, a year-on-year increase of +26.71%; net assets were 4,766.733 billion yuan, a year-on-year increase of +27.01%. Liquid cash was still guaranteed to be around 1 trillion yuan, and the company's total debt was 3,714.9 billion, a net increase of 69.6 billion yuan in liabilities compared with the previous year.

The increase in liabilities of nearly 70 billion is a big deal for other companies.

But for Qunxing Capital’s current asset volume of 5 trillion, it is not even a fraction, because the base is too large. Even if the net debt has increased by nearly 70 billion, the overall debt ratio has still declined year-on-year, because the assets are absolutely The numbers have skyrocketed.

When Tian Jiayi saw Fang Hong closing the materials, he immediately said: "The company's executives think it's time to start the matter."

Hearing this, Fang Hong stopped and shook his head and said: "No, we will go public next year. There is no rush this year."

If we want to get into Big A this year, the IPO plan can be realized in the second half of the year. However, Fang Hong has his own strategic considerations, and he cannot clearly say that 2015 will usher in an epic leveraged bull market.

The reason why we decided to list the company in 2018 was to respond to the call for rescue in the future when the stock market crashed. The rescue funds from Qunxing Capital were mainly used to promote individual stocks of Qunxing.

For WeChat, which has a market value of hundreds of billions and is a super large-cap stock and a heavyweight stock, the contribution of one daily limit board to the index is as much as the contribution of dozens of small-ticket daily limit boards.

The most important thing is that funds have poured into other junk stocks on a large scale. When the time comes, it will be a problem, and Qunxing Capital will definitely have to respond to the country’s call for rescue.

However, the listed subsidiary of Qianglaqun Galaxy did not have this concern and responded to the call for rescue.

Fang Hong not only wants to go public in 2019, but also plans to do so at the end of May, just a few days before the market index is close to peaking. When the stock market plummets in response to the bailout call, the bailout funds will have more places to go.



(End of chapter)