Chapter 294: Ten Times Profit Before New Year's Eve
Unlike the real economy and some factory-type companies, as a financial institution, Junshi Capital's holiday time is closely related to A-shares, and it still has to work on the two trading days before the Chinese New Year.
However, Gu Junhao also took into account the wishes of some employees from other provinces to return home for the New Year. They can go back early without affecting the company, without having to wait until the trading day before New Year's Eve.
This year is the first year of Junshi No. 1's establishment. However, considering that it has not yet achieved profitability in a true sense, and Gu Junhao was busy with his wedding and company reorganization before the Chinese New Year, no annual meeting was held.
For Gu Junhao, the real celebration period is not now, but the moment Junshi No. 1 is liquidated.
Only at that moment did Junshi Capital truly gain a foothold in the industry.
For a financial company, all floating profits are illusory, and only the profits received are real profits.
However, although no annual meeting was held, all the rewards would be distributed without any deduction, and Gu Junhao could guarantee this.
For employees, not holding an annual meeting may seem a bit lonely, but as long as the New Year bonus is sufficient, it's fine.
Besides, the boss also said that not holding it before the New Year does not mean not holding it. No one stipulates that the annual meeting must be held during the New Year period.
The five people in the trading room are still sticking to their posts. Wu Peng and Liu Tingting are both from Ningbo, Cao Wenxun has settled in Hangzhou, and Wang Ruoyu's drive home is not far, so these people will not affect his New Year celebrations.
Xu Jianqing was alone there. The mountain city was far away from Ningbo, but Xu Jianqing would not go home for the New Year this year. His parents had already arrived in Ningbo and were ready to spend the New Year with him, which could be considered a family reunion.
Under the constant indoctrination of Gu Junhao and other colleagues, Xu Jianqing has also come up with the idea of buying a house in Ningbo. Compared with the mountain city, the houses in Ningbo are better for investment besides being suitable for self-residence.
The stable staff in the trading room also allows Gu Junhao to stay in the office and handle his own affairs more easily.
February 16th is Monday morning. Today is the 28th day of the twelfth lunar month and the Chinese New Year is the day after tomorrow. However, there are still many people left behind in Junshi Capital today, and most of them are locals.
"Boss, the price of Tonghuashun has risen to 82 yuan, do you want to sell it?"
Before the market opened, Li Xinyu asked Gu Junhao that she was quite excited about Tong Huashun's continuous surge.
As Gu Junhao's personal assistant, Li Xinyu's job is not easy. It mainly includes administration, reception of customers, leaders and media, daily maintenance of the company's official blog, business trips, etc.
The administrative part occupies most of Li Xinyu's daily life, including preparing some tea, coffee, etc. for Gu Junhao, daily schedule, what kind of people to meet and what kind of meetings to hold at what time.
The preparation and minutes of some important meetings are within Li Xinyu's job scope.
The minutes of the meetings in the trading room were taken by Xu Jianqing and Liu Tingting.
As the company gradually expanded, Li Xinyu would arrive at the company about half an hour earlier every day, just like Xu Jianqing.
After get off work, she would leave the company later than others, and on weekends and holidays, Li Xinyu would be on call 24 hours a day.
Overall, the work saturation is still relatively high. Fortunately, Gu Junhao is not like other bosses. Except for special circumstances, Gu Junhao rarely has the habit of directing his subordinates to work on weekends.
Generally speaking, the position of the boss's personal assistant is actually quite stressful. It is not an exaggeration to say that it is a job that only secretaries can do. Usually, Li Xinyu does not have much free time.
If the salary wasn't really good and the boss wasn't relatively not that powerful, most people really wouldn't be able to do this job.
Not everyone wants to get promoted. Most people would rather be an ordinary person, slack off at work and live a relaxed life.
Since buying Tong Huashun stocks, watching the stock price continue to rise has become a way for Li Xinyu to relax after work. This morning, he talked to Gu Junhao about the topic of Tong Huashun's sale.
"Why do you want to sell it? Are you short of money? I remember I just gave you a big bonus."
Gu Junhao looked at Li Xinyu with some surprise. During this period, Li Xinyu often talked to Gu Junhao about Tong Huashun, but this was the first time she sold it.
"I'm not short of money. The price has gone up so much, how much more can it go? What if it drops from 70 yuan to over 50 yuan like last time?"
Li Xinyu's expression made Gu Junhao couldn't help laughing. This was the behavior of leeks. They couldn't hold on to the rising stocks.
"If you don't need the money, just hold on to it. I'll tell you when I sell it. As for whether it will fall, it will definitely fall. How can a stock keep rising?"
When can Tong Huashun be sold? This can only be determined by its specific performance after Dongfang Fortune resumes trading. Before Dongfang Fortune resumes trading, all fluctuations of Tong Huashun are acceptable.
"Ah? Since you know it will go down, why don't you sell it? Then you can just buy it back later and make some money off the difference."
"Because I don't know when it will rise. What if the stock price keeps rising after you sell it, and the next correction is above the price you sold it at, you will either buy it or not, so it's better to hold on to it."
"Then why did you sell it before and make a profit?"
“The timing is different. When the stock price enters the acceleration period, its adjustment will become faster and faster, and it is uncertain where the rise will reach during the acceleration period. This is what is meant by the so-called “no-peak” rise.
Except for intraday trading, any selling is a reduction in position, and if you buy again, you are likely to be trapped. "
"I don't understand, but I can't sell it. I still want to make a profit."
"How much money can you make from the price difference of 1,000 shares?" Gu Junhao said with a sneer.
"Don't look down on the poor. A $1 difference on 1,000 shares is still $1,000."
"You are not poor. Your annual income is not small."
"Yes, yes, thank you, boss."
As the two chatted casually, time passed little by little, and the Shanghai and Shenzhen stock markets also ushered in the trading time. At 9:25, the call auction of the two markets ended. Today, Tonghuashun continued to open high, with the stock price at 83.99 yuan, up 2.42%; both the Shanghai and Shenzhen stock markets opened slightly higher.
Due to the T+1 system, if you want to withdraw money before the New Year, you must sell it today.
There are many people who have the same idea as Li Xinyu. After the opening, the Shanghai and Shenzhen stock markets fell rapidly, and Tong Huashun also showed a trend of opening high and closing low.
Among the three major financial sectors, insurance continued to maintain the index, while securities and banks retreated.
The performance of steel, coal, nonferrous metals, electricity and other industries was also not ideal. The Shanghai Composite Index fell by nearly 1% at one point during the session.
Affected by this, the ChiNext Index also retreated, and Tonghuashun's decline once exceeded 3%, with the stock price hitting a low of 79.10 yuan. The morning volatility was once close to 7%, but the trading volume was not large.
There are funds that need to take profits before the New Year, and naturally there are also funds that seek to build positions before the New Year. The Shanghai and Shenzhen stock markets, which retreated sharply in the morning, began to rebound in the afternoon, and the Shanghai Composite Index once again launched an attack on the 3,200 point level.
Tonghuashun's adjustment was faster than the three major indexes. At 10:30 in the morning, the stock price had turned positive.
At the midday closing, the stock price had already risen above the moving average, and closed at 82.99 yuan, exactly the opening price.
In the afternoon, Tonghuashun did not fall below the daily average again, and the stock price maintained a high-level fluctuation trend, eventually closing at 84.40 yuan, with a stock price increase of 2.93%. Both the Shanghai and Shenzhen stock markets finally turned positive.
The Shanghai Composite Index closed at 3222.36 points, up 0.58%. At the same time, the stock index re-stood above the 20-day line, and the Shanghai Composite Index, which had been rising for six consecutive days, re-entered the bull trend. Theme stocks rebounded across the board, and the ChiNext Index finally rose by 3.90%, closing at 1896.63 points.
As the Chinese New Year approaches, trading in the two cities remains active, and seems to be completely unaffected by the holiday. With today's sharp rise, the ChiNext Index has entered a six-line blossoming trend and is moving towards a point above 2,000 points.
Since the Shanghai Composite Index rebounded on February 9, it has maintained a small increase, while the ChiNext Index has continued to rise. Everything seems to have returned to the year of 2013 when the ChiNext Index soared.
The bull market of the broader market seems to be under control, but the bull market of small and medium-sized enterprises seems to be out of control. The market trends of the main board and the ChiNext have begun to gradually diverge. Perhaps this is the consequence of regulation.
In 2015, the small and medium-sized enterprises exhausted the expected crazy growth in the following years. Most of them have not been able to regain their 2015 highs by 2022. Among them, most retail investors have undoubtedly suffered the most.
After being trapped for many years, I suddenly found that the blue chip stocks of the same period have been setting new highs, while the stock prices of the stocks I bought are getting lower and lower. The psychological gap can be imagined.
On February 17, the last trading day before the New Year, trading finally calmed down. The Shanghai and Shenzhen stock markets had mixed gains and losses. The Shanghai Composite Index ended the New Year's trading with seven consecutive positive days. The stock index closed at 3246.91 points, up 0.76%, and trading volume shrank to 263.3 billion yuan.
The ChiNext Index encountered resistance after breaking through 1,900 points and eventually closed at 1,894.31 points, down 0.12%.
After the market closed, Junshi Capital officially announced the last change in the net value of its funds before the New Year. Affected by the two consecutive weeks of rebound in the Shanghai and Shenzhen stock markets, although Dongfang Wealth has been suspended since February 9, the impact on the net value of the two funds is not significant.
Among them, the market's most anticipated Junshi No. 1 Fund was able to break 10, which was finally achieved on the last trading day before the Lunar New Year in 2014. Among Junshi No. 1's holdings, Xibu Securities achieved three consecutive positive weekly trends.
Yinzhijie even achieved two consecutive daily limit increases in the last two trading days, and its share price has reached 95.90 yuan.
The market value of 12,000 shares of Yinzhijie's holdings among Junshi No. 1's holdings has reached a huge amount of 115 million yuan.
Junshi No. 2 also performed very well. Affected by the rebound, the stocks with Chinese characters in their names that performed poorly this month finally achieved a small rebound for two consecutive weeks. The share price of Zhongguo First Heavy Industries returned to above 5 yuan, closing at 5.05 yuan, and Zhongguo Communications Construction finally stabilized at 12 yuan.
Like Xibu Securities, Huanghe Securities has rebounded for three consecutive weeks, and its share price has returned to above 14 yuan, closing at 14.36 yuan. The share price of Xibu Securities has returned to 34.97 yuan, up more than 20% from the 29 yuan that Gu Junhao originally bought the bottom of.
Gu Junhao once again seized the opportunity to buy securities companies at the bottom. Xibu Securities, which has a smaller market cap, also proved the activity of its stock price, performing better than other securities stocks in the same sector.
As of February 17, 2015, the total size of Junshi No. 1 Fund reached over 415 million yuan, with a net value of 10.3868. Its outstanding performance continued to lead the private equity rankings.
The overall scale of Junshi No. 2 also exceeded 1.1 billion yuan for the first time. The overall scale of nearly 1.138 billion yuan allowed the fund's net value to break through to 2.2755, which also allowed Junshi No. 2 to return to the top of the rankings .
However, as the Chinese New Year approaches, the public's attention to the stock market has declined. The net value return of Junshi No. 1, which is more than 10 times, has not attracted much attention except for a certain response among the company and Junshi Fund's customer base.
After the net value results of the two funds were officially released, Gu Junhao wrote an email to the investors of Junshi No. 1 and Junshi No. 2 respectively, combining the characteristics of the two funds, as a New Year's message to the investors.
In the email, in addition to reviewing the experience over the past year and elaborating on the characteristics of the two major funds, it also responded to investors and the market's doubts about the performance of the two major funds.
Due to the huge advantages of the SME Growth Enterprise Market and its initial holding has always been higher than that of Junshi No. 2. After the rapid rise after the establishment of its position, Junshi No. 2 has regularly maintained above 1 billion yuan.
This also made some investors of Junshi No. 2 doubt Gu Junhao's different treatment of the two funds, and some good self-media were constantly advocating this different treatment, which made some investors who did not understand it even more skeptical.
Some peers were even jealous of the performance of the two Junshi funds and used this doubt to report to the fund's regulatory authorities.
For this reason, Junshi Capital once again accepted an investigation by local regulatory authorities.
With the rapid development of the private equity industry, due to characteristics such as information opacity, some private equity firms often cross the regulatory red line in the course of their business, bringing negative impacts to the development of the industry and infringing on the rights and interests of investors.
Unfair treatment of different investors in the same fund is an issue that is found in countless private equity violation cases. This year, regulatory authorities have issued warning letters to several private equity funds, ordering them to rectify their mistakes.
The performance of two Junshi funds was reported by jealous peers. When Gu Junhao received the on-site inspection notice from the regulatory authorities, he was a little amused.
However, the different returns of the two funds will indeed cause misunderstandings among some investors who don’t know much about stocks.
Fortunately, Gu Junhao has nothing to fear and his two funds did not violate any regulations. After all investigations were completed, the local regulatory authorities even expressed great affirmation of Junshi Capital's compliance in all aspects.
This investigation also made Gu Junhao realize that he should make it clear to investors that the performance of the two funds not only differed in the time of establishment, but also in their specific investment styles.
For small funds, it is appropriate to take certain risks to pursue profits from small and medium-sized growth stocks. For large funds, stability is their greatest style, and being able to increase profits on the basis of stability is the ultimate pursuit.
