This is a news related to Wuliangye disclosed yesterday, and after the news came out, it attracted the attention and discussion of many Wuliangye investors.
There are several main concerns:
The first is that instead of taking the money to invest, it is better to divide the profits, increase the dividends, and give back to shareholders. The second is to worry about whether the investment will fail if you invest in the secondary market, after all, there are many such examples before, such as Yunnan Baiyao, which has lost a lot of money.
Everyone's worries are reasonable, but we don't need to be too anxious about it.
Here's how I see this news:
First of all, it is necessary to distinguish the difference between Wuliangye Group and Wuliangye Co., Ltd.
In fact, we invested in Wuliangye shares, not Wuliangye Group.
Wuliangye Co., Ltd. and Wuliangye Group are not the same company, but there is a certain relationship between the two.
Wuliangye Group is a large-scale modern enterprise group with a profound corporate culture, focusing on the production and operation of Wuliangye and its series of liquors, diversified development of modern manufacturing, modern industrial packaging, photoelectric glass, modern logistics, rubber products, modern pharmaceuticals and other industries. The main business of Wuliangye Co., Ltd. is the research and development, production and sales of Wuliangye and its series of liquors, as well as the production and operation of precision plastic products.
That is to say, it is not the Wuliangye shares that we buy that we buy, but the Wuliangye Group, which are not consistent.
Secondly, even if Wuliangye shares themselves set up a company, it is not necessarily a bad thing.
Because judging from the content of the disclosure: the business scope is to engage in equity investment, investment management, asset management and other activities with private placement.
The group company emphasized that it is an equity investment, which shows that it is not going to the first place, but the equity of some target enterprises in the secondary market. It can be seen that the positioning of the group company is still relatively clear.
In fact, like the loss of Yunnan Baiyao, it is just a special example, we observe the timing of Yunnan Baiyao's investment, and we will find that it was completely entered at the highest high point, which shows that the wrong timing has produced a loss. However, Wuliangye Group entered the secondary market at this time, and the timing was relatively better, after all, this market is much cheaper than when Yunnan Baiyao entered, and the risk has basically been cleared.
In fact, there are many companies that make money in the secondary market, and the more prominent one is Youngor.
Others, such as Fosun Pharma, are also an example of investing in equity everywhere, and they have also gained a lot from investment.
Therefore, we cannot simply treat the behavior of companies investing in the secondary market as a flood beast.
To be honest, I quite hope that the establishment of the first company to start the secondary market investment is Wuliangye shares
After all, Wuliangye shares have nearly 100 billion cash on the account, which is stored in the bank every year, and it is only a little bit of interest, even if it does not invest in other types of enterprises, it is invested in the bank, and the current bank can provide it with close to 5% dividend every year, which is not much better than saving money.