The 51 billionaire was warned along with his wife and children!

　　China News Service, March 25 (Reporter Xie Yiguan) Recently, the website of the Beijing Securities Regulatory Bureau published a decision to issue a warning letter, which brought Chen Fashu, the former richest man in Fujian known as "China Buffett", into people's field of vision again.

Data map: Chen Fashu.

Source: Visual China

Bringing his wife and children to sign the "big bull stock" Sente shares in violation of regulations

　　Chen Fashu's holding of Sente shares this time not only mobilized his subordinate companies, but also mobilized his family, including his wife Lin Yuye and son Chen Yanhui.

　　The "Decision on Taking Measures to Issue Warning Letters to Xinhuadu Industrial Group Co., Ltd., Xinhuadu Industrial Group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, and Chen Yanhui" published on the website of the Beijing Securities Regulatory Bureau revealed the ins and outs of the matter.

　　After investigation, New Huadu Industrial Group Co., Ltd., New Huadu Industrial Group (Shanghai) Investment Co., Ltd., Chen Fashu, Lin Yuye, Chen Yanhui, and Xiamen New Huadu Investment Management Consulting Co., Ltd. are the Centeshing Group Co., Ltd. (hereinafter referred to as the Sent shares) shareholders, acting in concert with each other.

Screenshot of the official website of the Beijing Securities Regulatory Bureau.

　　On December 6, 2021, the securities account under Chen Fashu's name successively purchased 1.5 million shares of Sente shares, and the

2021; and during the period from December 6 to December 29, 2021, the securities account under his name will continue to buy and sell Sente shares. The share ratio remained above 5%, up to 5.20%.

　　Since the behavior violated the provisions of Article 13 of the "Administrative Measures for the Acquisition of Listed Companies" (Order No. 166 of the China Securities Regulatory Commission), according to the provisions of Article 75 of the "Measures for the Administration of the Acquisition of Listed Companies" (Order No. 166 of the China Securities Regulatory Commission), Beijing The CSRC decided to take administrative supervision measures by issuing a warning letter.

　　Sent shares, which was listed on the Shanghai Stock Exchange in 2016, is the first domestic professional company listed on the main board to provide metal enclosure system solutions.

In 2021, the solar energy technology company LONGi Co., Ltd. invested in Sente shares and became the second largest shareholder of Sente shares.

　　With the concept of "Building Integrated Photovoltaic (BIPV)", the share price of Sente shares has risen all the way, with a cumulative increase of 469.3% in 2021, and has been dubbed the title of "big bull stock".

Sente shares weekly K-line chart.

He has invested in many bull stocks and is known as "China Buffett"

　　In China's capital market, Chen Fashu is known as "China's Buffett", behind many big stocks such as Zijin Mining, Tsingtao Brewery, Yunnan Baiyao, LONGi, and China Duty Free.

　　According to public information, Chen Fashu was born in Fuyang Village, Xianghua Township, Anxi County, Fujian Province in 1961.

At the age of 16, he began to sell lumber from the rural forest farm to Xiamen, and he saved his first pot of gold five years later.

Afterwards, it operated daily groceries, opened department stores, and established Xinhuadu Industrial Group, and its business territory became larger and larger.

　　When undertaking the engineering business, Chen Fashu met Chen Jinghe, the general manager of Zijin Mining who contracted at the time. This "golden partner" later helped him "fight to fame".

　　According to media reports, Zijin Mining's shareholding reform in 2000 encouraged employees of local state-owned enterprises and institutions to subscribe, but few people were interested.

With precise vision and strong courage, Chen Fashu used three affiliated companies including New Huadu Group to invest a total of 33.59 million yuan, holding 20.19% of the shares. Among them, New Huadu Group alone holds 17.29 million shares of Zijin Mining, accounting for 18.2%.

　　In December 2003 and April 2008, Zijin Mining was listed in Hong Kong and A-shares respectively, becoming the "first gold stock in China", and Chen Fashu's net worth rose accordingly.

.

　　This is not the only one that made Chen Fashu "famous".

In the third quarter of 2018, Chen Fashu established a position in LONGi, and has continued to increase his position since then.

The stock price of LONGi shares has risen from the low point in the third quarter of 2018 to the periodical high point in January 2020, with a cumulative increase of 201%, and Chen Fashu has also made a lot of money.

　　In the first quarter of 2020, the share price of CDFG fell sharply, and Chen Fashu entered the market. After the fourth quarter of 2020, he reduced his holdings several times at a high level.

During its holding period, the stock price range of China CDFG rose by more than 420%.

"Cash out + floating profit made Chen Fashu earn more than 2 billion yuan." There were media reports.

　　Thanks to this series of operations,

.

"Attentively" entered "Yunnan Baiyao", but got on a "roller coaster"

　　On Chen Fashu's investment map, Yunnan Baiyao may not be the one that he earns the most, but he seems to be the most "hearted".

　　In 2007, Chen Fashu studied at the Cheung Kong Graduate School of Business, during which he met Wang Minghui, who was then the chairman of Yunnan Baiyao.

After the exchange, Chen Fashu developed a strong interest in Yunnan Baiyao.

　　In 2009, Chen Fashu signed a "Share Transfer Agreement" with Hongta Group, the second largest shareholder of Yunnan Baiyao, to acquire 12.32% of the shares of Yunnan Baiyao held by Hongta Group with 2.2 billion yuan in cash.

However, China National Tobacco Corporation, the supervisory unit of Hongta Group, disagreed with the above-mentioned equity transfer on the grounds that it was "to ensure the appreciation and preservation of state-owned assets and prevent the loss of state-owned assets".

After Chen Fashu sued, he finally got back his principal and interest of 2.2 billion yuan, but did not obtain the equity of Yunnan Baiyao.

　　But this did not dispel Chen Fashu's idea. He later bought into the secondary market and successfully entered the ranks of Yunnan Baiyao's shareholders. In 2015, he entered the list of the top ten shareholders.

　　With the launch of the mixed-ownership reform of Yunnan Baiyao in 2016, Chen Fashu’s holding company, Xinhuadu Industrial, increased its capital by about 25.4 billion yuan, realizing a 50% controlling stake in Yunnan Baiyao. In June 2018, Chen Fashu became the legal representative of Yunnan Baiyao.

　　In 2019, under the suggestion of Chen Fashu, Yunnan Baiyao reversely absorbed and merged its shareholder Baiyao Holdings.

After that, Wang Minghui was still the chairman of Yunnan Baiyao, and Chen Fashu was the co-chairman.

Due to the merger, the book capital of Yunnan Baiyao has soared by tens of billions. Coupled with the blessing of Chen Fashu, Yunnan Baiyao has become more and more powerful in the investment field.

　　But "stock gods" also have their moments of failure.

According to Yunnan Baiyao’s financial report, the net profit in the third quarter of 2021 was 649 million, a year-on-year decrease of 63.94%.

The main reason for the decline in performance was the increase in the company's stock speculation.

According to reports, the investment income of Yunnan Baiyao in the third quarter of 2021 was a loss of 472 million yuan, and the accumulated investment loss in the first three quarters was 1.1 billion yuan.

Yunnan Baiyao weekly K-line chart.

　　Chen Fashu's net worth has also shrunk significantly.

.

　　"In 2022, within the limit approved by the board of directors, the company will gradually reduce its positions and will not continue to increase its holdings." The secretary of the board of directors of Yunnan Baiyao said on the investment platform recently that the company fully listened to the opinions and suggestions of investors on the company's development. On the basis of the risk control measures adopted, the scale of investment in the secondary market shall be strictly controlled.

　　While keen to speculate in stocks, Yunnan Baiyao's business is becoming more and more diversified.

At present, Yunnan Baiyao's business includes health equipment, daily chemical consumer goods and traditional Chinese medicine health care products in addition to white medicines and general medicines.

Nowadays, when asked about Yunnan Baiyao products, the first reaction of many people may be Yunnan Baiyao toothpaste.

(over)