The Road to Rebirth Finance

Chapter 429 New Year, New Beginning

Institutional groups, in fact, have always existed in A shares.

The only difference is the difference in size and scene. Today, everyone is shouting for joy, but it was also a star stock that was sought after by institutions back then.

At the price of 50 yuan, a certain private equity tycoon even made a large fixed increase, and there are not a few public equity institutions participating.

Every stage of the market has a star stock; and the fall of this stock often means the beginning of a new stage.

However, before that, it is reasonable to struggle and bounce. On January 1, Leshi.com reversed the heat and soared, leading the Chuangji business board index to counterattack.

The violent rise of Leshi.com in the afternoon drove the GEM’s heavyweights such as Quangsu Technology and Zhongqingbao to achieve a counterattack.

The GEM surged by more than 2% throughout the day, and turned back strongly within the day. On the other hand, the Shanghai Composite Index finally fell by 0.14% today.

Leshi.com's stock price fluctuated as high as 12.88% throughout the day, with a turnover of 38.89 billion yuan, and the stock price closed at 38.94 yuan.

The daily limit on January 1 was the last glory of Leshi. After that, in the last two days of this week, Leshi’s stock price rose to 17 yuan, and finally closed at 41.70 yuan.

The next day, the trend of the Shanghai and Shenzhen stock markets entered a switching mode, becoming strong in Shanghai and weak in Shenzhen.

It was also from this day that the Shanghai Composite Index entered a full-scale rebound mode, and the rebound continued until the last trading day before the Chinese New Year. The Shanghai Composite Index closed at 3159.17 points, up 1.79% for the whole month.

The GEM index fell 3.86% for the whole month, and the GEM index with two big negative lines on the monthly line is once again in the trend of breaking positions.

During the Spring Festival holiday, the trading suspension of A shares will start on January 1, New Year’s Eve, for a period of 27 days, and the market will open on Monday, February 10.

Before the Chinese New Year holiday, Junshi Capital held the most grand annual meeting since its establishment. Compared with the previous two years, this year is much more high-profile.

Junshi Capital, which has a good annual revenue, has created a profit of more than 20 billion for the company by Junshi No. [-] fund alone.

But this is still the best performance in the Junshi secondary market.

If it is said that in 2016, Junshi is the most profitable stock among its holdings, there is no doubt that it is Nvidia.

Since its launch in 2015, Nvidia has surged 2016% in 223.85. On the last trading day at the end of the year, the stock price closed at US$106.7.

In 2016 alone, without counting intraday operations, Nvidia alone contributed more than $5.27 million in profits.

Equivalent to more than RMB 34 billion, the market value of Nvidia’s holdings in 2016 also reached US$7.63 million, a market value of nearly RMB 50 billion.

It is related to Tianqi Liye, Longji Shares, Jiufeng Trust, and Junshi Value's profits and management utilization rates.

Sunday, January 1, the 22th of the twelfth lunar month; this day is Gu Junhao's birthday, his 25th birthday.

Although it was Sunday, Guo Yuanwei was still very busy. On this day, he submitted the 2016 financial report of Junshi Capital to Gu Junhao.

Guo Yuanwei sent the financial statement to Gu Junhao's home in person, and he also brought a cake very thoughtfully, saying that it was the kindness of the company's employees.

After more than two years of running-in, a certain tacit understanding has been formed between the senior executives of Junshi Capital's start-up team and Gu Junhao.

Except for Xu Yan who was left behind, Shen Boyu, Guo Yuanwei, Liu Yuhua and others all gained a certain amount of importance. Shen Boyu has already obtained a certain share of Junshi Fund.

This is also a good signal for other executives. 2016 is the year when Junshi Capital's business layout fully blossomed.

Perhaps, one day in the future, they will also be able to obtain certain equity incentives.

At present, the company's executives are cooperating with him relatively smoothly. The only thing that makes Gu Junhao feel a little troublesome is the daily management of the company.

"It would be nice to have a CEO-type figure who can take over the day-to-day management for me."

After Guo Yuanwei left, Gu Junhao picked up the financial report while thinking about some problems that occurred during the company's development.

Now, if he manages tens of billions of investment stalls and is still in the BUFF period of the public, Gu Junhao can still take care of it.

But when his BUFF period comes out, the market at that time is so good now, for the sustainable development of the fund business, Gu Junhao will definitely allocate a lot of energy to adjust positions and exchange shares.

At that point, a CEO is needed to take the stress out of managing the day-to-day affairs of the company.

But at present, I have not encountered such a person, and it is not appropriate to be promoted from within the company. This will definitely break the balance of the existing management.

Such a character can only be airborne.

"It seems that this year we should not only focus on investment, but also find a suitable CEO. This is also the key to the company's development."

For 25-year-old Gu Junhao, it is definitely unrealistic to talk about retirement, but it is still necessary to free himself from the daily affairs of the company.

Compared with the financial reports of listed companies, the annual financial statements of Junshi Capital, which do not need to be disclosed to the public, are a bit rough.

This financial statement was submitted to Gu Junhao in the form of Junyi Investment Management Co., Ltd., including the annual financial status of the two subsidiaries of Junshi Capital Co., Ltd. and Junshi Fund Management Co., Ltd.

财务并表显示：“截止2106年12月31日，君意资本总营收73.78亿元，毛利润65.38亿元，净利润62.96亿元！”

In 2016, Junyi Capital’s annual revenue was 73.78 billion yuan, of which Junshi Capital’s self-operated market contributed as much as 42.38 billion yuan, accounting for 57.44% of the total amount.

The bulk of the revenue comes from overseas investment in rice stocks and Hong Kong stocks. As a public fund, Junshi Investment only contributed 2.58% of this revenue.

In 2016, Jun Shi Price Investment, which was in its infancy, did not contribute much to the company's overall revenue, but it has already shown its potential.

Affected by the Junshi No. 12 fundraising and during the correction of the market in December and mid-January, the performance of group real price investment was stable, and the range of the retracement was also within a controllable range.

The increase in scale means the increase in management costs, and due to the freedom of subscription and redemption of public funds, management costs are definitely much higher than those of private funds.

As a result, the number of Junshi investment subscriptions has further increased, and its overall size has approached 80 billion yuan. It is only a matter of time before Junshi is born with another 100 billion fund.

It can be said that as long as Gu Junhao is thick-skinned, even if he doesn't earn a penny in the future, Jun's real price investment in this fund will be enough for him to live for several generations.

For details, refer to Lanlan, Kunkun, etc. . . .

As an asset-light investment company, Junshi Capital has a gross profit margin of 88.61% and a net profit margin of 85.33%.

Gross profit margin and net profit margin are comparable to Maotai.

"In the bull market stage of 2015, such an annual report, no matter what, must have a few daily limits?" Gu Junhao laughed at Zhang Yiru.

Gu Junhao is very satisfied with the revenue in 2016.

"Can I take a look?" Seeing Gu Junhao's arrogant smile, Zhang Yiru was a little curious about how much money his husband's company made.

It has been almost five months of pregnancy, and Zhang Yiru's morning sickness has improved a lot. Although her stomach is getting bigger day by day, her physiological reactions have changed, and she feels much more comfortable.

The students were already on winter vacation, and Zhang Mingde followed in Qin Ruolan's footsteps and moved from Jiangbei to Beicang, where he lived with his daughter and son-in-law.

Usually, Aunt Huang would come to visit often. Naturally, after the fundraising was over, Liu Ruihuan would visit Zhang Yiru from time to time.

With the care of family and friends, a comfortable living environment, and no more morning sickness, Zhang Yiru also began to gain weight slowly.

"Okay, let's see." Gu Junhao casually handed the financial report to Zhang Yiru.

This annual financial report is just some data on the company's operations and various expenses, and does not involve any confidential content. Even if it is for the public, there is no problem.

Zhang Yiru took the report, and the first thing that caught his eye was various accounting data and financial indicators, which were clear at a glance.

Looking at the financial data, Zhang Yiru's eyes flashed with surprise: "Hey, your company earned 63 billion last year?"

I can think that my husband's company is very profitable. After all, the two funds are ranked No. 1 in the annual growth of public equity and private equity, but Zhang Yiru did not expect to be so profitable.

Although the two funds are well-known and once caused heated discussions on the Internet, the most profitable company is the self-operated trading of Junshi Capital.

"If this financial report is released, not only in the district, but also in the city, it should be considered a high revenue?" Zhang Yiru asked Gu Junhao while looking through the financial report.

"Revenue is not necessarily, but profit can definitely be at the forefront."

Yongcheng is an industrial city. Although Junshi Capital has made statistics on the revenue of listed companies in the entire Yongcheng, it is impossible for Gu Junhao to remember all of them.

But in any case, the revenue of an industrial company in an industrial city may be a large amount, but the gross profit rate and net profit rate are definitely incomparable with those of its own companies.

"Indeed, the gross profit rate and net profit rate of your company are really outrageous. It seems that the management is still quite good."

"This is the case for asset-light investment companies. If the company is well managed, it can save a lot of unnecessary expenses. Basically, the gross profit rate is almost equal to the net profit rate."

"So, it seems that the outside world said that you are worth tens of billions. You are right. The actual profits of the two companies are more than 60 billion."

"You still have to pay taxes. Your husband and I are the district taxpayers, and I'm not adulterated at all!"

"Fuck you, it's frustrating again; tell me, how does it feel to be a billionaire?" Zhang Yiru put down the financial report in his hand, and looked at Gu Junhao obsessively.

Perhaps, Zhang Yiru is not so obsessed with money, but the tens of billions of net worth created by her husband will still make her think of worship.

Money and wealth are not everything in life, but they are indeed important indicators to measure a person's success.

Gu Junhao looked at Zhang Yiru with a smile, held her hand and said softly, "You have half of the medal."
-
On New Year's Eve, the nanny went home to celebrate the new year, and all the employees of the company were also on vacation. Wang Ruoyu, Liu Tingting, and Xu Jianqing were the last batch of people on vacation.

In the last few trading days, although the traders were on vacation in batches from far to near, they always had to send someone to watch over them. These tasks were placed on Wang Ruoyu and others.

Every job has its pros and cons. The physical companies that Gu Junhao invests in have already been on holiday. It will be around the 26th of the twelfth lunar month earlier, and it will not be the [-]th of the twelfth lunar month at the latest.

However, employees of Junshi Capital can ask for leave and leave early under special circumstances, but most employees still have to stick to the last working day before the Spring Festival.

But for their treatment, these are not worth mentioning. Because they are traders in the three major sectors of the secondary market, during the Spring Festival of 2016, they enjoyed a 10-day holiday with a huge income.

Compared with the employees on the production line of a physical company, the income of traders in one year can be as much as that of them in more than ten years.

Today's New Year's Eve dinner was prepared by a family of four.

Well, it should be said that there are five members of the family now. Although the one in the belly has not yet been born, it can barely be counted as one.

For the usual life, the New Year's Eve dinner is more simple in addition to having more dishes. The old man Zhang Mingde is a relatively economical person.

Ever since Zhang Mingde moved here during the school holidays, the life of his daughter and son-in-law feels somewhat unreal to him now.

Big villas, babysitters, full-time drivers, all of these are things that Zhang Mingde has never thought of before.

Gu Junhao is his student, and he knows the basics. Although the conditions were not good before, Zhang Mingde is quite satisfied on the whole.

When looking for a son-in-law, Zhang Mingde does not seek great wealth, but cares more about his daughter's life after marriage. In his opinion, marrying a daughter at a lower price may lead to a better life.

However, what he didn't expect was that in just a few years, Gu Junhao had created a net worth of tens of billions. Zhang Mingde also knew about the news that the media blocked the door when Junshi No. [-] raised funds.

His personal net worth skyrocketed, and he became a star in the investment industry, all of which were beyond Zhang Mingde's expectations.

However, after moving in for a period of time, Zhang Mingde also found out that Gu Junhao's attitude towards his daughter had not changed since his wealth had skyrocketed and his living conditions had greatly changed, so he was relieved.

It can even be said that the attitude is better than before; the young rich with a net worth of tens of billions will often put down their work to accompany their pregnant wives.

Even because of taking care of his wife's emotions, he often took her for a walk in the company, not afraid of the impact.

When he first came here, Zhang Mingde still didn't understand Gu Junhao's approach. After all, in his opinion, it's better to separate work from life.

But every time he thought of Gu Junhao's description at that time, Zhang Mingde felt a little funny.

"It's okay. There are many young people in the company. These people speak nicely in order to flatter them. It helps the mood of pregnant women to a certain extent. Just treat them as working in another way."

Just like in previous years, the family went out for a walk and then came back to play mahjong.

On the TV, the unsightly Spring Festival Gala is still playing. After experiencing the worst Spring Festival Gala in history last year, the enthusiasm of ordinary people for this year's Spring Festival Gala has been greatly reduced.

In the past, the Spring Festival Gala was to create joy for the common people, and also created countless Internet memes; however, the current Spring Festival is nothing more than bringing the Internet memes to the small screen.

At 12 o'clock in the evening, the New Year's countdown bell rang on the TV, and the host was counting down.

2017 belongs to the Chinese people, the year of Kun, here he comes.

Another new beginning.

　I didn't have dinner, so I had a late-night snack. That's one chapter tonight.

　　Monthly tickets cannot be cast after 31 noon on the 12st, brothers
　　
　
(End of this chapter)