Baoxin Finance became a fairy stock.

Recent reports about Baoxin Land are mostly related to Yao Jianhui, executive director and chairman. According to the statistics of Viewpoint Real Estate New Media, since June 23rd, Yao Jianhui has accumulated10.62 million shares, involving an amount of over 2.9 million Hong Kong dollars. After more than one month's continuous increase, the number of its shares rose to 3157,248,700, and the latest shareholding ratio was 57.82%. With the increase in holdings, Baoxin Land's share price gradually rose from 0.2 1 HK$ in June to 0.3 HK$. Fight tiger brothers, fight father and son soldiers. Compared with Yao Zhenhua, who became famous by virtue of the "Wanbao dispute", Yao Jianhui is not well known to the outside world, but he also occupies a pivotal position in Baoneng Department. However, unlike his elder brother Yao Zhenhua, his younger brother Yao Jianhui prefers real estate business. Over the years, the two have "cooperated with each other". Yao Zhenhua laid out financial and car-making businesses, while Yao Jianhui focused more on real estate. But this situation was broken at the beginning of this year. It is reported that at the beginning of this year, Yao Jianhui announced in Baoneng that he would completely quit Baoneng Group because of his "inconsistent business philosophy" with his eldest brother Yao Zhenhua. Yao Jianhui donated his shares in other companies in Baoneng Department to Yao Zhenhua, but only took over Baoneng's real estate business. The immortal cycle of the new land is the Hong Kong stock real estate platform of Baoneng Department. Two years ago, this platform was named "New Sports". The earliest story began in 2065438+March 2006. At that time, Amuse Peace (Lehe Co., Ltd.), a company wholly owned by Zhang Xiaodong, began to sign a contract for new sports, spending about HK$ 250 million to buy about 654.38+08 billion shares of new sports from PVC, the former largest shareholder, with a shareholding ratio of about 654.38+02.32%. Together with the equity held by Lehe, Zhang Xiaodong Hehe holds 8.82% equity of New Sports/KLOC-0. Zhang Xiaodong is an executive of Baoneng Department. He used to be the vice president of Baoneng Investment Group Co., Ltd. and the general manager of Baoneng Commercial Co., Ltd., and joined an investment company after leaving Baoneng. 201165438+1October, China Yang Kim acquired about165438+440 million shares of New Sports at a total consideration of HK$ 4120,000, accounting for 2.818 of the total share capital. The largest shareholder of Yang Kim is Yao Jianhui. Among the major shareholders in Yang Kim at that time, Tinmark Development Limited, an offshore company actually controlled by Yao Jianhui, held 465,438+0.73%, Baoneng Qianhai Life Insurance held 65,438+06.365,438+0%, and China Huarong Asset Management Co., Ltd. held 65,438+02.14%. Baoneng holds 58.04% of the shares of China Yang Kim. Upon completion of the acquisition, the investment in new sports will be classified as "interests in associated companies" and included in the Group's consolidated financial statements using the equity method. In 20 19, Yang Kim acquired new sports15.09 million shares held by Zhang Xiaodong, the former major shareholder of new sports, accounting for 37. 18% of the total share capital of new sports. In addition, China Yang Kim previously held165438+87 million new sports shares. After the completion of this transaction, China Yang Kim will hold 66.44% of the shares of New Sports and become the single largest shareholder of New Sports. In this way, Yao Jianhui built two financing platforms for Baoneng real estate business. On March 28th, 20 19, New Sports announced that it would be renamed Baoxin Land Group Co., Ltd.. The board of directors believes that the new name can more accurately reflect the Group's enthusiasm and commitment to promote the penetration and sustained growth of China real estate development activities, with the goal of becoming the main core business department of the Group in the near future ... It is worth noting that China Yang Kim, a financial investment platform, has also changed its name from China Yang Kim Group Co., Ltd. to Baoxin Financial Group Co., Ltd., and everyone thinks that Yao Jianhui should use this platform to make a big impact on the real estate business. However, as its valued real estate platform, Baoxin Land has long been a fairy stock, and its share price has been lower than 1 HK$ for a long time. Stretching the time axis, since 20 18, Baoxin Land's share price has been at a low level for a long time. After 20 19 and 10 months, the stock price was mixed, but it never exceeded 1 HK$ per share. On July 26-27, A shares and Hong Kong stocks plunged collectively. Among them, Hong Kong Hang Seng Index fell by 4. 13% on July 26th, and fell by 1 105.89 points on July 27th, with a decrease of 4.22%. The Hang Seng China Enterprises Index fell by 5.08%; Hang Seng Technology fell 7.97%, a record low. Real estate stocks and real estate stocks both fell sharply. On the 28th, real estate stocks picked up, but Baoxin Land's share price still plummeted. At the close, Baoxin Land fell 10.7 1% to close at HK$ 0.25, and the transaction was 100200. It is worth noting that Yao Jianhui recently increased his holdings of Baoxin Land. With the actual controller's increase, Baoxin Land's share price rose from 0.2 1 1 in June to 0.3 Hong Kong dollars. After Shutu Brothers changed its name, some Baoneng companies frequently injected real estate projects into new sports. It is reported that: "More than a dozen real estate projects under Baoxin Land are high-quality assets before Baoneng, such as Nanning Baoneng City." Judging from the performance, the recent situation of Baoxin Land is not satisfactory. In March of this year, Baoneng Land disclosed its 2020 performance. Affected by the epidemic, Baoxin Land turned from profit to loss, with an operating income of HK$ 6.785 billion, down 30.54% year-on-year; It recorded a net loss of about HK$ 796,543.8 million, compared with a net profit of HK$ 499 million in the previous year. Viewpoint Real Estate New Media understands that Baoxin Land's income mainly comes from China's property development investment, bulk transactions, yacht clubs and golf driving ranges, training business and the sale of household items. During the period, the company's bulk business income reached HK$ 6,654,338+29 million, a year-on-year increase of 654,38+07,654,38+04%. In addition, other businesses of the company are in a downward trend. The turnover of the company's property investment and property development industry decreased, and the income reached HK$ 533 million, down 87.8% year-on-year; This sector, namely yacht club and training service, saw a sharp drop in the flow of people, with a revenue of HK$ 6,543,800+0.89 million, down 84% year-on-year. At present, Baoxin Land, as an important real estate platform of Baoneng, is not large in scale. By the end of 2020, there were only 12 real estate development projects in China, with a total construction area of 4.65 million square meters and a total investment of 38 billion yuan. Unlike Yao Zhenhua, Yao Jianhui has been focusing on the development of real estate business. Since the end of 20 14, he has been in charge of Baoneng Holdings, which is mainly engaged in real estate. At the beginning of this year, it was reported that Yao Jianhui announced in Baoneng that he would completely quit Baoneng Group because of "disagreement with his eldest brother Yao Zhenhua's business philosophy". "My shares in other companies in Baoneng Department were all given to my brother Yao Zhenhua; Baoneng Holdings divested Baoneng Department and changed its name to Laihua Holdings. " But in fact, there are already contradictions between their development ideas. Yao Jianhui is low-key and steady, pays attention to business and makes money slowly, while Yao Zhenhua thinks Yao Jianhui is too conservative. When doing business outside Guangdong, Yao Zhenhua and Yao Jianhui disagreed on refusing to develop industrial real estate encouraged by the government. On 20/0/6, Yao Zhenhua established Baoneng Chengfa, mainly engaged in industrial real estate. Later, he thought about merging Baoneng Holdings and Baoneng Chengfa into Baoneng Real Estate, but Yao Jianhui refused. Yao Jianhui always insists on developing and selling traditional real estate. He believes that industrial real estate development cycle is long, scale expansion is slow, and there are many properties, which is not a good development direction. The two never reached an agreement, so they decided to do real estate separately. Yao Jianhui is in charge of Baoneng Holdings and Yao Zhenhua is in charge of Baoneng Real Estate, which includes Baoneng Chengfa as a platform. In the end, it may be that Bao can build a car. Yao Jianhui said frankly, "It took three years to completely divest this matter." And admit that there are still differences between myself and my brother in business philosophy. Three years ago, Yao Zhenhua began to build cars. Therefore, the outside world also analyzed that building a car by Baoneng was an important reason for Yao Jianhui's decision to leave. In 20 17, Baoneng established Baoneng Automobile and acquired 5 1% shares of Qoros Automobile for 6.63 billion yuan, officially entering the new field of "building cars". In the following year, it invested 65.438+0.56 billion yuan to increase the capital of Qoros Auto. Subsequently, Baoneng successively established new energy vehicle bases and started and signed a number of large-scale projects. According to media statistics, Baoneng has invested more than 654.38 billion yuan in "building cars" in the past three years. Its business covers the whole automobile industry chain, including automobile software, leasing and even glass manufacturing. And all this is far from the treasure energy in Yao Jianhui's heart.