There is still more than half a month, and 2023 will pass. This year, many people's *** accounts may not perform well.
But someone made money, and it was a lot of money. For example, Liu Qingfeng, chairman of iFLYTEK, may be one of the most successful chairmen of A-share companies in 2023.
The story begins 2 years ago. In July 2021, Liu Qingfeng borrowed 23500 million yuan to participate in the fixed increase of iFLYTEK.
Just two years have passed, in August this year, Liu Qingfeng ** part of the private placement shares to repay the loan.
Due to the sharp rise in the share price of iFLYTEK, according to the ** price on August 14, in 2 years, one in and one out, Liu Qingfeng** earned 2.1 billion.
At the same time, Liu Qingfeng also realized the market value management of his own company, which is really a double win.
How did Liu Qingfeng come to be?
Earned 2.1 billion
In July 2021, Liu Qingfeng and the Yanzhi Technology controlled by him,to about 25500 million yuan of **, obtained 7639 additional issuance from iFLYTEK30,000 shares.
Among them, Liu Qingfeng invested about 23500 million yuan, 70.4 million shares;Yanzhi Technology obtained about 6 million shares for 200 million yuan.
Liu Qingfeng's shares have been held for more than two years. On August 14 this year, Liu Qingfeng sold nearly 40 million shares of the company through block trading.
The key is that Liu Qingfeng paid off the private placement loan with ** shares, but he still holds the remaining 30.4 million shares in the private placement.
Calculated according to the ** price on August 14,Liu Qingfeng's more than 30.4 million shares, with a market value of 194.5 billion yuan.
The 6 million** value of Yanzhi Technology is also as high as 38.3 billion yuan, deducting the floating profit of 1$8.3 billion. Based on Liu Qingfeng's 70% shareholding, the floating profit is about 1300 million yuan.
Combined calculation, in just 2 years, one in and one out, Liu Qingfeng's income reached 2.1 billion yuan. Even according to the latest stock price, Liu Qingfeng's floating profit is more than 1.7 billion yuan (excluding interest on borrowings, transaction taxes, dividends, etc.).
What's even more amazing is that Liu Qingfeng's money for participating in the fixed increase was borrowed, and what he bought and sold was also his own **, and theoretically he didn't pay a penny.
In the past, there were quite a few A-share companies that contributed capital**, but most of them ended up in losses.
In such a short period of time and such a high return, Liu Qingfeng's best achievements may be unique in A-shares.
Many people have no concept of 2.3 billion yuan.
Let's put it this way, iFLYTEK is a company with a market value of 100 billionThe total profit in 2021 and 2022 is only about 2 billion yuan. Liu Qingfeng earned the net profit of iFLYTEK for 2 years by relying on **.
In addition, according to Liu Qingfeng's salary of 3.9 million yuan in 2022, the 2.1 billion yuan earned is more than 400 times Liu Qingfeng's annual salary.
Making money requires both "luck" and "strength".
Liu Qingfeng is one of the founders, chairman and actual controllers of iFLYTEK.
According to iFLYTEK, due to the low shareholding ratio, Liu Qingfeng participated in the private placement in 2021, mainly to consolidate the company's control.
It makes sense. It is a good thing for the founders to participate in the private placement and increase their holdings of the company's shares.
At that time, after subscribing for additional shares, Liu Qingfeng's direct shareholding ratio increased from 44% to 731%γLiu Qingfeng and HKUST Holdings control the proportion of voting rights changed to 1856%γ
But after the sale this time, Liu Qingfeng's direct shareholding ratio dropped to 554%γThe argument that he participated in the private placement to consolidate control at the beginning is untenable.
In the face of control and interests, he still chose the latter.
However, the company said that Liu Qingfeng was forced to do so. Because Liu Qingfeng's participation in the fixed increase of more than 20 billion yuan was borrowed, it will expire this year, and he must sell ** to repay the debt.
Fortunately, Liu Qingfeng's luck is quite good, and the stock price of iFLYTEK is "quite cooperative".
The lifting of the ban by the major shareholders or actual controllers of other companies is usually a huge negative, but iFLYTEK is different.
Liu Qingfeng's shares were lifted on January 19 this year. That is, since January this year, the share price of iFLYTEK has been significantly **.
Judging by the announcement, since the end of January this year,iFLYTEK's investment activities began to become frequent.
From February 15th to late March, iFLYTEK held more than a dozen exchange activities in a row, mainly focusing on topics such as ChatGPT and AIGC.
On May 6, 2023, iFLYTEK officially released the Xinghuo cognitive model, and the company's stock price increased from 5805 yuan** to 651 yuan, a weekly increase of 121%γ
From January 16 to June 20, iFLYTEK's share price rose by more than 140%. Liu Qingfeng subscribed** It also ushered in a huge floating profit during this period.
The timing is just right
* The most desirable result is nothing more than buying at the low and selling at the high. Liu Qingfeng has done both of these things.
Liu Qingfeng's subscription price is 33$38 shares. On July 19, 2021, when the additional shares were listed, the share price of iFLYTEK had exceeded 60 yuan.
It can be said that it was Liu Qingfeng's subscription that gave investors confidence.
However, after the listing of additional shares, iFLYTEK ushered in a ** decline, and the maximum decline in the range was nearly halved.
Liu Qingfeng also incurred a floating loss during this period, but fortunately, he had "friends to help" and survived until this year.
This year, Liu Qingfeng's choice to sell was also "just right".
First of all,Liu Qingfeng's shares were lifted in the first half of this year and can be sold, and the stock price has reached a high level.
But as the chairman, it is obviously unwise at this time. Not only may it "collapse" the stock price, but it will also attract questions from the market.
Liu Qingfeng later chose August 14**, when the stock price of iFLYTEK was 6398 yuan, Liu Qingfeng's floating profit has decreased a lot, but at least he will not be scolded for "eating ugly".
And if the time is a little later, the situation will be completely different.
First of all, a month after Liu Qingfeng**, iFLYTEK fell by more than 20%.
Secondly, on August 27, the China Securities Regulatory Commission issued new regulations, and the behavior of the actual controller was strictly controlled.
So,Liu Qingfeng's ** and selling, stepping on the point can be described as accurate.
"God operated" more than once
Liu Qingfeng's "god operation" in ** has been more than once.
In the meantime, Liu Qingfeng adopted a block transaction method of ** 9 million shares of iFLYTEK in early 2020, with an amount of 300 million yuan.
iFLYTEK said that Liu Qingfeng's first time this time was also to repay his debts.
In March 2013, iFLYTEK issued 9037 to the public70,000 shares, raising 175.3 billion yuan. Participating in the subscription include China Mobile and Liu Qingfeng.
Among them, Liu Qingfeng won with 194 yuan of shares, subscribed 154630,000 shares, costing 300 million yuan. This money, too, was borrowed.
According to the latest stock price of iFLYTEK, this is 1546The value of 30,000** is close to 800 million yuan.
300 million yuan invested in 10 years, making a big profit of 500 million yuan. Such results are enough to be called a "god operation".
AbsolutelyIn addition to participating in the additional issuance twice, Chairman Liu Qingfeng also increased his holdings in the company twice.
In August 2015, Liu Qingfeng increased his holdings by 3 million yuan, and in October 2018, he also increased his holdings by 12 million yuan.
It's not much, but at least it's an attitude.
Other shareholders began to hold **, and Liu Qingfeng held ** with a value of more than 8 billion
This year, in addition to Liu Qingfeng, there are other iFLYTEK shareholders who have also ** the company.
April 25 to June 20, 2023The shareholder of iFLYTEK, which has held iFLYTEK for more than 10 years, has held 8.42 million shares, which is the high share price of iFLYTEK at this time, and the average price of iFLYTEK Holdings is as high as 70$9 shares.
At the end of July, iFLYTEK disclosed that the company's largest single shareholder, China Mobile, plans to exceed 231560,000 shares.
China Mobile, which participated in the company's private placement in 2013, has held iFLYTEK for 10 years, and China Mobile has also made a lot of profits from iFLYTEK.
According to the latest shareholding ratio, Liu Qingfeng directly holds iFLYTEK 12.8 billion shares, with the latest market value of about 6.3 billion yuan.
In addition,Yanzhi Technology holds 57.29 million shares of iFLYTEK, with a market value of about 2.8 billion yuan. Liu Qingfeng directly holds about 70% of the shares of Yanzhi Technology, corresponding to a market value of about 2 billion yuan.
After calculation, Liu Qingfeng holds a market value of more than 8 billion yuan in iFLYTEK.
USTC is a shareholder of iFLYTEK, and the Chinese Academy of Sciences is the superior unit of USTC.
According to his personal worth, Liu Qingfeng is undoubtedly a top rich man in the "Chinese Academy of Sciences".