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On the evening of November 27th,Wanye Enterprise(600641.SH) andShanggong Shenbei(600843.SH) also disclosed changes in actual controller.
Titanium Media APP learned that after the equity penetration, the largest shareholders of both companies are companies affiliated with the Shanghai State-owned Assets Supervision and Administration Commission. Recently, local state-owned assets reforms have been carried out frequently, and Shanghai has just released the “Shanghai Action Plan to Support M&A and Reorganization of Listed Companies (2025-2027)”, and companies in relevant regions have also released new trends one after another.
It is worth mentioning that on the day when the news of the change of ownership was disclosed, the share price of Wanye Enterprise surged, and the share price of Shanggong Shenbei also changed for a time in the afternoon.
The controlling shareholder behind the scenes is betting on the semiconductor industry
Public information shows that the largest shareholder of Wanye Enterprise is Shanghai Pudong Technology Investment Co., Ltd. (hereinafter referred to as “Puco Investment”), while Hongtianyuan Partners holds 51% of the shares of Puko Investment and is the controlling shareholder of Puko Investment. Today, the partners of Hongtianyuan Partnership are planning the transfer of property share agreement, which may lead to a change in the actual controller of the company.
On the same day, Shanggong Shenbei also disclosed that the partners of Hong Tianyuan Partnership, the indirect controlling shareholder of Shanghai Puke Feiren Investment Co., Ltd. (hereinafter referred to as “Puke Feiren”), the largest shareholder, are planning the transfer of property shares agreement, which may lead to The control of the company’s largest shareholder has changed.
Titanium Media APP learned that the controlling shareholder of Pulko Feiren is Pulko Investment. Public information shows that Puke Investment was established in June 1999 with a registered capital of 3 billion yuan. At the end of 2014, the company completed the mixed-ownership reform and transformed from a purely state-owned enterprise into a mixed-ownership enterprise by introducing management shareholding. Its current assets under management exceed 30 billion yuan.
Tianyancha data shows that the latest shareholder structure of Pulco Investment is Shanghai Hongtianyuan Management Consulting Partnership (Limited Partnership), Shanghai Shangshi Asset Management Co., Ltd. and Shanghai Pudong Innovation Investment Development (Group) Co., Ltd., each holding Pulco Investment 51 %, 25% and 24% equity. The actual controllers of the above-mentioned three-party shareholders are respectively Pulco Investment Management, Shanghai State-owned Assets Supervision and Administration Commission and Pudong New Area State-owned Assets Supervision and Administration Commission.
In other words, the controlling shareholders of Wanye Enterprise and Shanggong Shenbei are actually both owned by Shanghai State-owned Assets.
It is understood that in recent years, Pulco Investment has carried out investment layout around the high-tech field. Relying on its strong resource integration capabilities, through cross-border mergers and acquisitions + domestic capital market undertakings, it has integrated high-quality assets in overseas high-tech industries to help support the improvement of local semiconductors. competitiveness of the industry.
After Wanye Enterprise, an “established real estate company”, seeks to transform, its development direction focuses on the semiconductor field.
Titanium Media APP understands that Wanye Enterprise currently mainly operates two core businesses: on the one hand, it focuses on the research and development, production, sales and technical services of integrated circuit core equipment; on the other hand, it is the sales and disposal of existing real estate business.
The company stated that its real estate business is currently mainly the sales and operation of parking spaces and existing existing properties, and there are no new residential development projects. The company’s real estate business has entered the final stage. While accelerating the elimination of real estate inventory, we will strengthen the synergy and superposition effect of transformation, do a good job in base construction and operation of the integrated circuit transformation industry, and help the sound development of the integrated circuit core equipment business.
It is reported that in recent years, the company has solidly promoted its rapid transformation into the integrated circuit industry through independent research and development and epitaxial mergers and acquisitions. After successively acquiring Keshitong, CompartSystems and building Jiaxin semiconductor equipment projects, it has accelerated the completion of its semiconductor equipment project. Strategic layout in the field of equipment and materials.
But after a series of attempts, the company’s performance was not impressive. In 2021 and 2022, Wanye Enterprise’s net profit was still growing. By 2023, the company’s net profit fell sharply. The attributable net profit that year was approximately 151 million yuan, a year-on-year decrease of 64.32%. Entering 2024, Wanye Enterprise’s net profit turned to a loss, and its attributable net profit in the first three quarters was -31.68 million yuan.
Prefer to invest in semiconductor companies
However, TMTpost APP found that in the development of the company, Wanye Enterprise also prefers investment.
As of September 26 this year, the total subscribed capital contribution of the Shanghai Semiconductor Equipment Materials Phase II Private Equity Investment Fund in which Wanye Enterprise participated has increased to 2.1245 billion yuan. Wanye Enterprise has deployed related areas of the integrated circuit industry through this fund.
In addition, according to the third quarter report data, as of September 30, Wanye Enterprise was still a semiconductor company.FullerThe fourth largest shareholder of De (301297.SZ) holds 9.35 million shares, with a shareholding ratio of approximately 2.76%.
And the company betsFullertonbut also goes back to before its listing. The prospectus shows that the Fuled shares held by Wanye Enterprise were obtained from a capital increase before Fuled was listed: On June 30, 2020, Fuled passed a board resolution and agreed to increase the company’s share capital by 43.79 million yuan. to 254 million yuan, the capital increase price is 3.76 yuan per share, of which Wanye Enterprise invested 35.156 million yuan, of which 9.35 million yuan was included in the registered capital and 25.806 million yuan was included in the capital reserve.
In the second half of this year, Fuled made a Shetunxiang-style acquisition. The revenue scale of the target was much larger than that of Fuled. The difference in revenue between the two in 2023 is nearly three times. Affected by this news, from October 17th to October 24th, Fuled’s stock price has exceeded the 20% daily limit for six consecutive times, with an increase of approximately 200% on the 6th, and the total market value has increased from 7.045 billion yuan on September 25th. Soared by more than 14 billion yuan.
After the sharp rise, institutions holding Fullerton shares undoubtedly made a lot of money. On the evening of October 24, Wanye Enterprise announced that the company sold a total of 3.2987 million Fuled A shares held by the company through centralized bidding transactions, accounting for 0.97% of its total share capital. The average transaction price was 59.57 yuan/share, and the transaction amount It is 197 million yuan. In addition, according to the data analysis of Dragon and Tiger List, the “big brother” seat of selling may be occupied by Wanye Enterprise’s current holding reduction.
According to a rough calculation of the shareholding cost, some media found that the floating profit of Wanye Enterprise’s previous participation in Fuled’s capital increase project has exceeded 15 times. After this sale, Wanye Enterprise still holds 6.0513 million shares of Fuled, accounting for 1.79% of its total share capital.
However, Wanye Enterprise is not always able to reap the benefits. In the first half of this year, Wanye Enterprise also made a splash with snowball products. In the semi-annual report, regarding the reasons for the company’s net profit loss in the first half of 2024, Wanye Enterprise mentioned that in addition to the main business factors, affected by the fluctuations in the financial market in the first half of 2024, the company’s snowball and stock holdings The fair value of financial assets declines.
Specifically, the target of the snowball financial derivatives purchased by Wanye Enterprise is linked to the CSI 500 Index, and the profit and loss situation depends on the market performance of the linked target CSI 500 Index. According to preliminary statistics from the financial department, the cumulative floating loss of snowball products held by Wanye Enterprise from January to June 2024 was -55.593 million yuan.
For such an investment master, he is naturally very keen on market trends. It is worth mentioning that before the news of Wanye Enterprise’s change of ownership was disclosed, a large amount of buying orders came in on the afternoon of the 27th, causing the company’s stock price to quickly hit the upper limit. As of the close of trading on the 27th, Wanye Enterprise’s stock price reported a daily limit of 20.65 yuan, with a total market value of 19.22 billion yuan, and a transaction volume of 970 million yuan that day, which was significantly higher than the previous trading days. In addition, the stock price of Shanggong Shenbei also changed for a time in the afternoon, but it was not as obvious as that of Wanye Enterprise. Some investors questioned whether the news was leaked in advance.(This article was first published on Titanium Media APP, author | Yu Ying)
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