Characters experience, Cheng Qingbo

In a short period of ten years or so, the capital of a company has rapidly increased from 65.438+0 million to 4.48 billion, which is the wealth myth interpreted by Cheng Qingbo.

Like most people who started from scratch and then made their fortune, Cheng Qingbo's resume before he made his fortune was very dull, but after he dug up the first bucket of gold in his life, his wealth grew like a rocket, but it was full of some mystery.

Cheng Qingbo 1962 was born in an ordinary family in Hefeng County, Hubei Province, and then went to college. After graduation, he returned to his hometown and worked as a middle school math teacher for several years. Later, because of dissatisfaction with the status quo, I decided to change my destiny through postgraduate entrance examination. 199 1 year, 29-year-old Cheng Qingbo was admitted to Zhongnan University of Finance and Economics to study for a master's degree in accounting. After graduation, I worked in Shenzhen Shekou China Merchants Bureau 1994, and then worked as a financial manager in Shenzhen Jintian Industrial Co., Ltd., a very famous listed company at that time. "After working for a while, I feel that it is meaningless to make money for others, but I still have to make money for myself and come out." So he ran back to Beijing to start a business.

Cheng Qingbo: The First Private Railway Holder

Company: Shenzhen Zhongji Industry Co., Ltd

Title: Chairman of the Board of Directors

Industry: investment

[reasons for election]

In less than three months, 4 1.86 million yuan was bought and 4 1. 1 100 million yuan was sold, making it the first private railway in China. In the process of Luoding Railway's evolution from private railway to "private railway stock", Cheng Qingbo fully mobilized the "capital+industry" painstakingly built for more than ten years.

"Resources, play a completely different from other" master of capital "financial skills.

[Comments by judges]

After the completion of the expressway, the investment can be recovered by setting up toll stations, so the property right relationship is clear and the income expectation of each investor is guaranteed. However, the railway has not yet separated government from enterprises, and the leading enterprise behavior is still administrative orders. The private capital entered at this time is courageous.

Cheng Qingbo's recent entry into the public eye began with the shooting of Luoding Railway's equity. On August 22nd, 2006, Shenzhen CIMC awarded 83.44% equity of Luoding Railway with debts of RMB 465,438+0.86 million and RMB 846 million.

On June 5, 2006, 5438+065438+1October 15, Tianjin Hongfeng (000594, sz) announced that it planned to acquire 59% equity of Luoding Railway held by Shenzhen CIMC with a transaction amount of 4 1 1 billion yuan.

In less than three months, the 4 1.86 million yuan invested by Shenzhen Stock Exchange has been expanded by 10 times. Tianjin Hongfeng stock is welcomed by many investors.

Tianjin Hongfeng was questioned as a financing tool of Shenzhen Zhongji. Subsequently, Tianjin Hongfeng issued a clarification announcement, saying that the transferee was only a pure asset of a subsidiary of Shenzhen Zhongji, and did not bear the debt originally borne by Shenzhen Zhongji, so the transaction was reasonable.

Cheng Qingbo said that the Shenzhen Stock Exchange will continue to fulfill the agreement with Luoding, and most of the debt of 846 million yuan has been paid off, and part of this 41100000 yuan will also be used to pay off the debt.

On August 22, 2006, at the signing ceremony of Luoding equity auction, Cheng Qingbo once said: "I am interested in railways! It is estimated that after 10 years, the investment income will be considerable. " However, in just three months, Cheng Qingbo began to sell shares in Luoding Railway. Is it in his blueprint that the railway is not the direction of industrial development, but a capital tool?

There are indications that Shenzhen Zhongji has been brewing an equity transaction with Tianjin Hongfeng when trading with Luoding.

After the acquisition of Luoding Railway, Shenzhen Zhongji established Guangdong Luoding Zhongji Railway Group Co., Ltd. with Li Xiaoming as its legal representative. Li Xiaoming is also the legal representative of Shenzhen Guoheng Real Estate Co., Ltd. (hereinafter referred to as Shenzhen Guo Heng), the second largest shareholder of Tianjin Hongfeng, and concurrently serves as the vice chairman and general manager of Tianjin Hongfeng.

Taking over a project and earning a large amount of cash through the change of hands of listed companies is exactly the practice of ordinary capital operation experts, and it is also the place where the media generally question Cheng Qingbo and Shenzhongji.

After the transfer of 59% equity, does Shenzhen Zhongji intend to gradually withdraw from Luoding Railway?

Cheng Qingbo said: "Of course, we will continue this project. The new railway is scheduled to start on February 9, 65438 and is expected to be completed and opened to traffic by the end of 2008. " Luoding government officials confirmed this statement.

Cheng Qingbo has always had a soft spot for charging projects, and it is reasonable for Shenzhen Stock Exchange not to let go of this first private railway in China, but how much benefit can Shenzhen Stock Exchange gain from it by holding only 24.44%?

This is inconsistent with Cheng Qingbo's consistent style.

After investigation, Tianjin Hongfeng has been gradually controlled by Shenzhong Technology. After holding G Wuhua, Shenzhen Zhongji is actually controlling Tianjin Hongfeng in another way.

The name Shenzhongji is actually not very loud.

According to the relevant information released by Shenzhen Stock Exchange, the company was established in April 1996, "developing industries in the direction of capital-intensive industries, with real estate investment and development and national public utilities investment as the two wings".

Shenzhongji claims that it has formed a development direction that focuses on commercial property development and management, supplemented by road and bridge management and high-tech industry and trade. Shenzhongji Holdings has more than ten professional companies located in Beijing, Jilin, Chongqing, Shanghai, Wuhan, Changsha and Shenzhen.

By the end of 2005, the consolidated total assets of Shenhua Technology Co., Ltd. reached 810.30 billion yuan, including 2.73 billion yuan in current assets, 5/kloc-0.70 billion yuan in fixed assets and 0.40 billion yuan in current liabilities. Total shareholders' equity (consolidated net assets) is 4, 480 yuan. In 2005, the company achieved sales revenue of 2.32 billion yuan, total profit of 440 million yuan and net profit of 323 million yuan. The profit index has increased by more than 20% for several consecutive years, and its profitability is strong. At present, there are about 2000 employees.

Behind Shen Zhong's brilliant resume is a rapidly expanding capital story.

According to the information registered by the company in Shenzhen Administration for Industry and Commerce, the registered capital of the company was only 1 10,000 yuan when it was established. At first, only two shareholders (Cheng Qingbo and Zhang) were engaged in computer sales, e-mail, information service and computer software development.

However, in just ten years, the company's capital has increased from 65.438+0 million to 4.48 billion, an increase of 44,800 times, and Shenzhongji has interpreted an amazing story of wealth growth.

The capital expansion of Shenzhen Stock Exchange began in 2002. In June, 5438+that year 10, Cheng Qingbo became the legal representative of Beijing Guotai Hengsheng Investment Management Co., Ltd. (hereinafter referred to as "Guotai Hengsheng"), and Zhang began to increase the capital of SZITIC, with the registered capital increasing to 47 million yuan.

As of 200 1, 1 1 and total assets1200 million yuan, the main business income of Cathay Pacific Hang Seng Company is only 2.87 million yuan, but the investment income is as high as 39.67 million yuan.

In June, 2003, Shenzhen Stock Exchange expanded again, with a registered capital of 654.38+37 million yuan. Two months later, Shenzhongji introduced Beijing CIC Credit Guarantee Co., Ltd. as the company's shareholder, and its registered capital increased to 307 million yuan, with CIC credit guarantee accounting for 65,438+00% of the shares.

On April 27th, 2006, the registered capital of Shenzhen Stock Exchange reached 507 million yuan.

14 July, Luoding Railway 100% property right transfer announcement was released. More than a dozen investors at home and abroad had intended to come to understand the situation, but due to strict transfer conditions, only Shenzhongji was the qualified transferee.

Interestingly, before this, the word railway did not exist in the business scope of Shenzhen CIMC. It was not until July 7, 2006 that the Shenzhen Stock Exchange increased the business scope of "investing in railway construction and highway construction".

Cheng Qingbo is no stranger to the capital market.

On the Hurun Report in 2005, Cheng Qingbo, then 43, ranked 140 with a net worth of1200 million.

Cheng Qingbo rose from the stock market. From April to August, 2002, Cheng Qingbo's Shenzhongji successively acquired the shares of Jilin Materials, Jilin Supply and Marketing Cooperative and Harbin Materials Recycling Trading Center, and acquired Wuhua shares 2 1.57% in one fell swoop. Subsequently, due to the share transfer of China Renewable Resources Development Company, Shenzhongji became the largest shareholder. In the industrial field, Cheng Qingbo intervened in the real estate and expressway fields including Tianjin section of Beijing-Shanghai Expressway and Beijing Locke Times through Shenzhen Zhongji and Cathay Pacific Hang Seng.

The super-rich get rich by "stock trading": 12 wealth increases by 4000 times.

Panorama Network April 28th Although the capital market has shrunk dramatically in 2008, Cheng Qingbo may still be selected into the list of the top 500 new wealth in 2009, becoming the only super-rich person in China who relies on stock trading to get rich.

Cheng Qingbo's success is remarkable. /kloc-during 0/2 years, his personal assets expanded 4000 times, and the total value reached 4 billion yuan by the end of 2008. Prior to this, Cheng Qingbo was only a middle school teacher in a small county in Hubei.

Unlike ordinary stock market investors, Cheng Qingbo has a strong industrial background. Its flagship company, Shenzhongji, started its business by selling computers, but now it owns three domestic listed companies, including Siwei Holdings, Guo Heng Railway and Chengcheng Co., Ltd., and has more than a dozen affiliated companies with total assets exceeding 20 billion yuan.

But obviously, Cheng Qingbo didn't make his fortune by industry, because his next three listed companies have always been real poor performance stocks. Among them, Siwei Holdings accumulated a loss of 65.438+0.5 billion yuan in the first three quarters of last year, Guo Heng Railway only made a profit of 35.28 million yuan last year, and Chengcheng shares only made a profit of 65.438+0.63/kloc-0.00 million yuan, which means that listed companies lost more than/kloc-0.00 billion yuan last year alone.

Because of this, Cheng Qingbo is definitely not Warren Buffett. Buffett invests in blue-chip enterprises for a long time through the flagship company Berkshire Hathaway, from which he shares the growth income of the invested enterprises; However, the business performance of enterprises invested by Cheng Qingbo has gone from bad to worse.

On the other hand, even from the perspective of ordinary retail investors, Cheng Qingbo's investment level can be regarded as a mess. In August 2007, he first acquired part of the equity of Siwei Holdings through related parties, which happened to be the top management of Siwei Holdings. Since then, the share price of Siwei Holdings has fallen by more than half.

But the crux of the matter is: no matter how things develop, even though Warren Buffett has lost money, Cheng Qingbo can still make a lot of money, and he has a chance to be on the 2009 New Fortune 500 list.

So how did it happen?

Cheng Qingbo's primitive accumulation of capital comes from the sale of legal person shares. For example, from 2002 to 2003, he acquired nearly 30% of Wuhua shares (later renamed as shares) at a price less than 3 yuan/share; Subsequently, due to the implementation of the share-trading reform, Cheng Qingbo was able to cash in Chengcheng shares at a price exceeding 8 yuan/share at the end of 2007.

However, Zhang, then the chairman of Wuhua shares, was sentenced to three years in prison for transferring the legal person shares of Wuhua shares to Cheng Qingbo without authorization. And it has been reported that Cheng Qingbo's money to buy Wuhua shares also came from the loan of Wuhua shares-of course, this statement was denied by Cheng Qingbo, and the regulatory authorities have no conclusion.

If Qingbo benefits from legal person shares partly because of his courage, luck or vision, then his other way of making money is close to fraud. Since joining Inner Mongolia Hongfeng (later renamed Guo Heng Railway) in 2004, Cheng Qingbo has injected assets worth nearly 700 million yuan into the company, which has become a model for transferring inferior assets to listed companies at high prices. Among them, Luoding Railway, which suffered huge losses, was also packaged into high-quality assets by Cheng Qingbo and transferred to Hongfeng, Inner Mongolia. In less than three months, Cheng Qingbo cashed in more than 300 million yuan.

In recent years, Cheng Qingbo has been crowned as the first person in private railways and the top ten figures in private economy. Logically speaking, this may be true. But now the only problem is: although Cheng Qingbo himself has earned enough money, his pockets in listed companies have shrunk. (Panorama Network/Lu Zehong)