Entering April, New York the winter feeling finally begins to subside.
The thin ice on the Hudson River has melted away, and the first layer of light green appears on the lawn of Central Park.
L1 Visa of Zhao Chen allowed him to stay in United States, but the thing he was waiting for--
Tesla's delivery data for the first quarter will not be available for more than half a month.
During this rare window period, the domestic quarterly report arrived first.
Chen Xi printed out the first draft of Henglong Group unaudited Financial Report for the first quarter of 2019 sent by Chen Qiming,
When he knocked on the door of Suite, Zhao Chen was sitting in Living Room drinking tea with Su Wantang and Zhang Qingxue.
The setting sun outside the window Manhattan is sinking from the mouth of the Hudson River, and the river surface is dyed into a deep golden color.
"Zhao Zong, the first draft of the first quarter report is out."
Chen Xi put the document on the coffee table, the paper was still warm from the printer,
"Chen Qiming said that the formal audit will have to wait two weeks, but the core data has been finalized.
The increase in Five A-shares - especially Wuliangye, is explosive."
Zhao Chen opened the file and scanned the position summary table.
The table is very clear, with each stock's beginning-of-quarter stock price, end-of-quarter stock price, increase, and change in position market value all clearly listed.
Bidiya It was 56.20 yuan at the beginning of the quarter and 44.90 yuan at the end of the quarter?
Zhao Chen's eyes stopped at the line Bidiya, his brows furrowed slightly, and then he relaxed quickly.
The "beginning of the quarter" and "end of the quarter" columns in the table are not wide enough, and the numbers are compressed a bit tight.
56.20 is the closing price on March 31, 44.90 is Opening Price on January 2, and the increase column reads 25.17%.
He checked the holding cost and quickly calculated it in his mind. He confirmed that the position of the first and last columns and the visual habits were reversed for a moment during typesetting, which caused the illusion, so he did not pursue it further.
The floating profit in the first quarter was approximately 1.534 billion.
Tongce Medical rose from 44.97 yuan to 54.42 yuan, an increase of 21.00%. The market value of 22.3 million shares increased from approximately 1.003 billion yuan to approximately 1.213 billion yuan, with a floating profit of approximately 210 million yuan.
Shanxi Fenjiu rose from 32.80 yuan to 38.42 yuan, an increase of 17.16%. The market value of 43.2 million shares increased from approximately 1.417 billion yuan to approximately 1.660 billion yuan, with a floating profit of approximately 243 million yuan.
Pianzaihuang rose from 93.56 yuan to 109.49 yuan, an increase of 17.03%. The market value of 16 million shares increased from approximately 1.497 billion yuan to approximately 1.752 billion yuan, with a floating profit of approximately 255 million yuan.
The line Wuliangye is circled by Chen Xi with a red pen.
It rose from 53.80 yuan to 116.51 yuan, an increase of 116.51%.
The market value of the 24 million shares held increased from approximately 1.291 billion yuan to approximately 2.796 billion yuan, with a floating profit of approximately 1.505 billion.
Wuliangye was bought by Chen Xi on the day when Baijiu shares collectively fell to the limit in October last year, and the cost was reduced to 53.8 yuan.
At that time, the entire market was heading overseas, Maotai's revenue growth rate dropped off a cliff, and the Baijiu sector was plagued by disasters.
Chen Xi placed a buy order on the lower limit board and bought 24 million shares one by one.
At that time, some people thought that it was too early to buy the bottom. Looking back now, that limit was the iron bottom of this cycle of the Baijiu sector.
The 24 million shares held by Henglong more than doubled in the first quarter of this year.
Su Wantang pulled the file closer, and his eyes fell on the line Wuliangye.
Her fingers slowly moved along the line of numbers from left to right, stopping for a moment on the number "116.51%".
"Wuliangye's stock price doubled. 1.29 billion became 2.796 billion, and the floating profit of one ticket exceeded 1.5 billion."
Her voice was not high, but she spoke each word clearly, as if she was confirming a fact.
"More than Wuliangye."
Zhang Qingxue leaned over from the side and clicked his fingers back and forth between Pianzaihuang and Shanxi Fen Liquor.
"Pianzaihuang rose seventeen points, Fenjiu seventeen points, all five tickets were red.
Henglong Last year's annual report forecast was already explosive enough, and the first quarter report will release this data again..."
She didn't finish her sentence.
Su Wantang and Chen Xi both know what she is going to say.
At the beginning of the year, when the annual report forecast was released, Hong Kong Stocks Henglong's stock price rushed from forty Hong Kong Dollar to forty-nine Hong Kong Dollar, with a market value approaching 30 billion Hong Kong Dollar.
At that time, the market's judgment was based on performance expectations, but the first quarter report used actual data to turn expectations into facts - Henglong's transformation has been completed.
It's not "transforming", it's "transformation completed".
Chen Xi opened her laptop and pulled up the investment income summary table she had calculated in advance.
"Five A-shares, the total floating profit in the first quarter was approximately 3.747 billion. This figure is included in other comprehensive income and does not affect the current net profit, but directly increases the net assets.
Real Estate Sector contributed a net profit of 130 million in the first quarter, which was slightly lower than the same period last year.
The reason is that Chen Wei continued to reduce the pace of land acquisition and liquidated part of Haoyu Construction's late trading.
Adding the RMB 130 million from real estate, Henglong Group's net assets increased by approximately RMB 3.877 billion in the first quarter."
She turned the screen to Zhao Chen.
"The net asset structure of Zhao Zong, Henglong has completely changed.
With net assets of 14.3 billion, plus an increase in floating profit of approximately 3.747 billion this quarter, the total net assets are approximately 18 billion.
Among them, the proportion of Real Estate Sector has dropped to less than 20%, and the proportion of the investment sector has exceeded 80%.
Judging from the floating profit of one Wuliangye ticket, 1.5 billion is already more than twice the profit contributed by real estate throughout the year."
Su Wantang leaned on the armrest of the sofa, picked up the tea cup and took a sip without taking his eyes away from the document.
She was wearing a light gray cashmere cardigan, and her hair was pulled back casually.
She put the tea cup down.
"This time last year, Henglong's profits were still supported by real estate.
Chen Wei Haoyu Construction's several projects over there are the main sources of cash flow.
Now the profit contribution of real estate has dropped to such a low level - less than 10% of the total profit."
She turned her head and looked at Zhao Chen, with a very complicated tenderness in her eyes, "Xiao Chen, Henglong has indeed changed."
Zhang Qingxue raised his head from the document and pushed up his glasses.
"Speaking of this - the first quarter data of Bubble Mary, I also have some expected changes here,
It hasn't been written into a formal report yet, but the trend is already very clear."
She opened the notebook in front of her, and the records on it were densely packed.
"Labobo Blind Boxes series was launched in the first quarter, with the first batch of 120,000 Blind Boxes sold, covering 68 Bubble Mart stores and 143 Robot Shops units nationwide.
The email Su Xiaotang sent me said that there was a long queue at the Shan City Raffles store on the day of the launch, and online reservations were available in seconds.
The resale price of hidden models on the second-hand market has reached twelve times the issue price."
She turned to the next page.
"In the first quarter, Bubble Mary's revenue is expected to grow more than twice year-on-year, and its net profit growth may exceed three times.
The number of stores has increased from 68 at the end of last year to 82 now, and Robot Shops units have increased from 143 to more than 200 units.
The Labobo series has become Bubble Mary's second largest sales IP after Mololoy. Su Xiaotang said that according to this trend, the annual revenue may exceed one billion."
She closed her notebook.
"Wang An has started planning a new round of financing--
Although the financing was just completed last year, according to this growth rate, there is a high probability that another round will be needed from the second half of this year to the beginning of next year to support store expansion and the launch of overseas markets.
When contacted, some investors gave a pre-money valuation range of 4 billion to 5 billion.
If this valuation is realized, the 31.2% held by Henglong, corresponding to Fair Value, will jump from about 858 million in the last round of financing last year to more than 1.5 billion."