As the semi-annual reports are successively disclosed, the latest holdings of private equity firms with billions in assets have come to light. Twenty-seven private equity companies have heavily invested in 80 stocks, with 27 stocks receiving additional investments from these billion-yuan private equity firms.

Billion-yuan private equity firms significantly hold positions in 5 stocks

According to a Securities Times · Data Treasure statistics, as of August 24th, based on the semi-annual reports disclosed by listed companies, the top ten shareholders of 80 listed companies include the presence of billion-yuan private equity firms, with a total holding amount reaching 40.604 billion yuan, and a total of 27 billion-yuan private equity firms holding positions.

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Looking at the private equity firms, Gao Yi Capital leads with a stock market value of 27.033 billion yuan, appearing in the top ten shareholders of 13 stocks. Xuanyuan Private Equity, Ying Shui Investment, Heng De Times, and Chongyang Investment follow closely behind, with stock market values all above 1 billion yuan.

Regarding individual stocks, among the list of heavily invested stocks by billion-yuan private equity firms, 5 stocks have a stock market value of over 10 billion yuan, including Hikvision, Zijin Mining, Hengli Petrochemical, Neway Valve, and New And Cheng. Among them, Zijin Mining was reduced in holdings by billion-yuan private equity firms, while Neway Valve and Hikvision received additional investments.

The security industry leader Hikvision has the highest stock market value of holdings, reaching 12.735 billion yuan. Data shows that the Gao Yi Linshan No. 1 Yuanwang Fund under Gao Yi Capital is the fourth largest circulating shareholder of the company, which has been heavily invested since the third quarter of 2020, holding for nearly four years, and added another 1 million shares in the second quarter of this year.

Neway Valve's semi-annual report shows that the fifth and sixth largest circulating shareholders of the company are private equity funds under Heng De Times, among which the Heng De Yuanzheng Jinrui No. 1 Fund is a new addition this quarter. The company's semi-annual revenue and profits have both reached new highs, achieving a business income of 2.838 billion yuan, a year-on-year increase of 17.14%, and a net profit attributable to the parent company of 488 million yuan, a year-on-year increase of 45.04%.

In addition, the company has released its first mid-term dividend plan for the first time, proposing to distribute a cash dividend of 3.8 yuan (including tax) per 10 shares to all shareholders, with a total proposed cash dividend of 289 million yuan, accounting for 59.21% of the net profit attributable to the parent company. Neway Valve has been distributing dividends at the end of the year for 11 consecutive years since 2014, and this mid-term dividend is the first of its kind.

In terms of the proportion of shares held, 12 stocks held by billion-yuan private equity firms account for more than 3% of all A-shares, with Neway Valve holding the highest proportion at 10%, followed by Sujia Science, Lei Zhi Group, and Kanghua Bio, at 7.08%, 6.4%, and 4.46% respectively.

Sujia Science, a concept stock of low-altitude economy, has 4 private equity funds among its top ten circulating shareholders, including 3 funds from Ying Shui Investment and 1 fund from Tongyi Investment on the list. Additionally, the Shanghai-Shenzhen Stock Connect has newly become the ninth largest shareholder of the company. The company recently stated on an investor Q&A platform that, in order to better support the development of the low-altitude economy, Sujia Science has strategically joined forces with Shenzhen United Aircraft Technology Co., Ltd. to jointly create a leading enterprise in the domestic low-altitude economy sector.New Heavy Investments in 10 Stocks

Compared to the end of the first quarter, 10 stocks have been newly heavily invested in by billion-yuan private equity funds by the end of the second quarter, with Yuntianhua, Huace Navigation, and Yajin Technology seeing new investments exceeding 100 million yuan in market value.

Yuntianhua's semi-annual report indicates that the company was newly heavily invested in by the Zhengxin Growth Fund under Tanzhen Investment in the second quarter, becoming the third-largest circulating shareholder, with the number of shares second only to the controlling shareholder and the Shanghai-Hong Kong Stock Connect. The company recently accepted research from over 200 institutions, during which it expressed a relatively optimistic attitude towards the price of phosphate ore.

As of the end of the second quarter, 17 stocks have seen increased holdings by billion-yuan private equity funds. In terms of the increase in shareholding, Angel Yeast has the highest increase, reaching 311.76%, followed by Neway Valve, Fulin Precision, and Xiangxiang Industry, with shareholding increases all above 40%.

Angel Yeast's semi-annual report shows that the Gao Yi Linshan No.1 Yuanwang Fund under Gao Yi Assets significantly increased its holdings in the company's stock in the second quarter, rising from the fifth-largest shareholder at the end of the first quarter to the second-largest. The company is quite favored by funds, with the presence of various types of funds among the top ten circulating shareholders, including QFII funds, ETFs, and hybrid funds, all heavily invested in the company's stock.

Looking at the industry distribution, the stocks newly invested in or increased by billion-yuan private equity funds in the second quarter are mainly concentrated in two major industries. The machinery and equipment industry has a total of 5 stocks, including Inovatech, Neway Valve, Xiangxiang Industry, Invictus, and Changhong Technology, while the electronics industry has a total of 4 stocks, including Chipown Microelectronics, Hengmingda, Leshi Technology, and Dongxin Shares.

15 Heavy-Weight Stocks Rise Since the Second Half of the Year

Since the second half of this year, the A-share market has continued to fluctuate and adjust, with an average decline of 6.56% for the 80 stocks heavily invested in by billion-yuan private equity funds, among which 15 stocks have risen, with New Yuan Technology, Houpu Shares, and Yuxin Shares all seeing cumulative increases of more than 10%.

Among the stocks with the highest increases, both Houpu Shares and Yuxin Shares are heavily invested in by the private equity funds under Abama Assets, with Houpu Shares holding a market value of 60.7469 million yuan, and Yuxin Shares holding a market value of 73.0345 million yuan.

After continuous adjustments, the latest valuations of some heavily invested stocks are now at a low level. Among the stocks that have adjusted in price since the second half of the year, Zhongju High-tech has the lowest trailing price-to-earnings ratio, at only 3.85 times, and the trailing price-to-earnings ratio of Chuangli Group is also less than 10 times.