After Fenjiu completed the position building, Chen Xi turned all its energy to Bidiya.
Bidiya had previously held 65 million shares, accounting for approximately 2.38% of the total share capital. The cost of these shares was 38.5 yuan, and the investment was approximately 2.503 billion yuan.
It is about 71 million shares short of the 4.99% target.
Throughout October, Chen Xi continued to add about 20 million shares in the range of 45 yuan to 48 yuan. The average cost of this part of the increase was about 46.5 yuan, and the investment was about 930 million yuan.
So far, the total holdings of BYD have reached 85 million shares, and the comprehensive cost has increased from 38.5 yuan to about 40.4 yuan.
In early November, the stock price of Bidiya fluctuated between 46 yuan and 50 yuan. Trading Volume was slightly amplified, and the market's attention to the New Energy car was increasing.
Chen Xi was worried that after the market picked up, Bidiya would no longer be available at this price, so he accelerated his pace.
She priced her remaining target position of about 51 million shares between 46 and 52 yuan, and when the time came, she would buy the shares.
As of November 8, Bidiya's cumulative position reached 136 million shares, accounting for 4.99% of the total share capital, and the position was completed.
Su Wantang summarizes the final transaction data:
136 million shares, with a weighted average cost of approximately 42.68 yuan, and a total investment of approximately 5.805 billion yuan.
Among them, the initial investment of 65 million shares at a cost of 38.5 yuan was 2.503 billion yuan.
In mid-to-late October, Add Position invested 930 million yuan in 20 million shares at a cost of 46.5 yuan.
In November, Add Position's 51 million shares cost approximately 46.5 yuan and invested approximately 2.372 billion yuan.
As of the close of trading on November 8, Henglong Capital's three new stocks in this round have all completed position building.
Among them, Shanxi Fenjiu bought a total of 43.2 million shares, accounting for 4.99% of its total share capital, with a weighted average cost of 32.8 yuan and a total investment of approximately 1.417 billion yuan;
Bidiya bought a total of 136 million shares, accounting for 4.99% of its total share capital, with a weighted average cost of 42.68 yuan and a total investment of approximately 5.805 billion yuan;
Wuliangye On the basis of having purchased 24 million shares before, due to limited remaining funds, it is unable to make any further Add Position.
It ultimately held 24 million shares, accounting for 0.62% of its total share capital, with a weighted average cost of 53.8 yuan and a total investment of approximately 1.291 billion yuan.
The total investment in the three stocks is approximately 8.513 billion yuan.
In addition, Tongce Medical and Pianzaihuang, which have already completed the position Henglong Capital--
Tongce Medical 22.3 million shares, accounting for 4.99% of the total share capital, with a cost of 44.97 yuan and an investment of 1.003 billion yuan;
Pianzaihuang holds 16 million shares, accounting for 2.65% of the total share capital, with a cost of 93.56 yuan and an investment of 1.497 billion yuan - Henglong Capital's total investment in the five stocks is approximately 11.013 billion yuan.
After the data was sorted, Chen Xi and Su Wantang immediately came to the Zhao Chen office.
When they pushed the door open and came in, Zhao Chen was standing in front of Floor-to-Ceiling Window, overlooking the busy traffic downstairs.
Su Wantang followed Chen Xi, holding a thick stack of transaction records and position details in his hands.
She wore an off-white cashmere sweater today, and her hair was pulled back casually, revealing a section of her fair neck.
The moment the door closed, she walked to Zhao Chen naturally and said softly:
"Xiao Chen, how long have you been standing there? You're not tired."
Zhao Chen turned around, glanced across her face, then looked at the document in Chen Xi's hand, and nodded slightly:
"All done?"
"Zhao Zong, all positions have been opened."
Chen Xi spread the documents on the desk, with a hint of relaxation after completing a major task in his tone,
"This is the final data, please review it."
Zhao Chen walked to the desk and sat down. Su Wantang had already walked around behind him, gently put his hands on his shoulders, and started kneading with moderate strength.
Zhao Chen didn't look back, but relaxed his shoulders slightly and looked at the document.
Chen Xi has long been accustomed to this scene.
It only took her more than a year to go from being slightly embarrassed at first to turning a blind eye now.
The relationship between Henglong Capital, Su Wantang and Zhao Chen is almost an open secret. No one talks about it, and no one thinks it will affect their work.
On the contrary, Su Wantang's rigor in fund allocation and compliance control convinced everyone.
"Tongce Medical, 22.3 million shares, 4.99%, cost 44.97 yuan."
Zhao Chen read out loud and tapped his fingers lightly on the document,
"Pianzaihuang, 16 million shares, 2.65%, cost 93.56 yuan. These two were the first to get, and the cost was suppressed well."
"Tongce opened his position when the market was at its most pessimistic, and the valuation of the dental chain was very low at that time."
Chen Xi explained, "Pianzaihuang is also the same. The Chinese medicine sector is generally not popular, which gives it a good entry window."
Zhao Chen Continue to read below.
Shanxi Fenjiu 43.2 million shares, 4.99%, cost 32.8 yuan.
Bidiya 136 million shares, 4.99%, cost 42.68 yuan.
Wuliangye 24 million shares, 0.62%, cost 53.8 yuan.
Five stocks, with a total investment of 11.013 billion yuan.
This number made Zhao Chen silent for a few seconds.
In November 2018, 11 billion people RMB was equivalent to about 1.58 billion US Dollar.
For the Henglong Group he was before his rebirth, this was an astronomical figure.
But for him, who now holds Times Pioneer Capital and controls Henglong Group, this is just the beginning of the layout.
Chen Xi sat down opposite him and opened another analysis report.
"You said before that the track logic of the New Energy car is more certain than that of the Baijiu.
Baijiu is the logic of cyclical recovery and consumption upgrading, but the New Energy car is the logic of industry trends.
Later, I researched and found that Bidiya hit both the New Energy car and the power battery lines at the same time--
Once its Blade Battery technical route is recognized by the market, the valuation system will be completely reconstructed."
Zhao Chen said nothing.
In fact, every piece of logic Chen Xi said was perfectly consistent with the future trend in his memory.
Before his rebirth, Bidiya started at the end of 2019 and increased seven or eight times in two years, becoming the overall leader of that New Energy bull market.
The cost of 42.68 yuan, looking back a few years later, seems so cheap that it looks like it was picked up for free.
"What about Fenjiu? Have you studied it carefully?" Zhao Chen asked.
Chen Xi's finger drew a virtual curve on the table.
"It is a leader in fresh fragrance, and its brand heritage is not inferior to Maotai, but the previous channel reform has not been thorough.
After Q3 Report this year, the market was generally pessimistic about Baijiu, but after your explanation, I deliberately studied its latest channel policy and found that there has been a significant improvement.
Once the industry boom recovers, its profit elasticity will be greater than Wuliangye."
Zhao Chen nodded slightly.
Su Wantang moved his hand from his shoulder to the back of his neck, gently pressing his Fengchi point with his fingertips.
"Wuliangye got the least, only 24 million shares, accounting for only 0.62%."
Chen Xi sounded a little unwilling, "The main reason is that there are not enough funds. If there are two more billion, we can buy at least 2% more."
"No rush." Zhao Chen picked up the teacup and took a sip. It was Pu'er that Su Wantang had just refilled for him.
"The market will not give just one chance. The bottom area of Baijiu has been confirmed, but the real reversal will take time. There will be opportunities later Add Position."