The richest man starts from a street stall

Chapter 249 Personal Wealth Soars
Recently, Hua Yang, chairman of Smith Barney, asked Chen Shi about his shares in Smith Barney and when he could disclose his personal information.

Chen Shi said that there is no need to hide it, and he can announce his shareholder information in the quarterly performance report.

Originally, the stocks he bought were circulated by internal agreement, and the longest period of time was half a year after the transaction without disclosure.

Anyway, it will be disclosed soon, and now that all 20% of the shares have been received, there is no need to hide anything.

According to relevant laws and regulations, listed companies must disclose the information of shareholders holding more than 5% of the shares, controlling shareholders and actual controllers, including the shareholding of the top 10 shareholders, in quarterly performance reports and annual reports.

Chen Shi is the second shareholder of Smith Barney and complies with the rules of disclosure of information.

The main board of the Shenzhen Stock Exchange has relevant regulations on the disclosure of performance reports. The third quarter is before October 10 of that year, and the Shanghai Stock Exchange does not make mandatory requirements for semi-annual reports and quarterly reports.

Smith Barney is listed on the Shanghai Stock Exchange. Although it does not require quarterly reports to disclose shareholder information, it will be a matter of time.

Today is October 10th, and Smith Barney is also going to issue its quarterly report.

On October 10, Smith Barney issued a quarterly report.

[Milbarney Quarterly Report: The company achieved operating income of 18.5 billion yuan in the third quarter, a year-on-year increase of 5 million yuan, an increase of 37.1% over the same period last year.

In the third quarter, it achieved a profit of 6700 million yuan, turning losses into profits.

Meibang Company and Shenshi Group signed a commercial cooperation, with a yearly purchase of 18 billion yuan]

From the stock-related official platform, Smith Barney’s shareholding shareholders shareholding structure and major shareholders, major shareholders and some shareholding ratios have declined. The second shareholder is Chen Shi, with a shareholding ratio of 20%, but he is not on the list of executives and has no relevant positions. , only independent directors.

From the shareholder information, there is no detailed information about Chen Shi, but if someone wants to check, he can still find out.

Who is Chen Shi?

What kind of company is Shenshi Group?
Why has Smith Barney's performance soared so much?
It turned a profit!
Countless shareholders holding shares of Smith Barney are excited, but at the same time have countless questions in their minds.

Du Niang searched for the word "Chen Shi" and found a piece of personal information about Chen Shi. Du Niang Encyclopedia also has an introduction: Chen Shi, chairman of Shenshi Group, top writer of China Literature Group, Jiangnan Xueye.

More detailed introduction: "Jiangnan Xueye, born in Rongcheng, is currently a sophomore at Rongcheng University of Science and Technology, the top master of Qihang Chinese website, and the chairman of Shenshi Group."

There are also photos of Chen Shi and introductions to major achievements.

Most people still can't connect the second shareholder of Meibang and the chairman of Shenshi Group, and they all think they have the same name.

However, in Meibang's quarterly report, Shenshi Group was mentioned, so Chen Shi is Meibang's second shareholder.

Originally, Chen Shi's status as a writer would not cause fluctuations in Smith Barney's stock, and the impact was limited. What shareholders valued was the impact of his shareholding on Smith Barney.

Meibang's third-quarter performance rose 37%, of which Shenshi Group contributed one-third.

Those who are interested will further investigate the Shenshi Group and find shocking data.

Relying on only 50 Smith Barney flagship stores, the monthly revenue reached 6 million yuan!

"What kind of company is this, with a monthly revenue of 6 million yuan, and only 50 clothing stores? The data is wrong, 500 is considered a very good result."

Then search the pictures and videos of related stores, and find that many online celebrity stores are related to Shenshi Group.

Without a doubt!

The data is too exaggerated.

However, there are pictures and videos to prove that 50 flagship stores already have a sales performance of 6 million, which is equivalent to the performance of hundreds of nearly [-] flagship stores. If it is no problem to increase to hundreds of shops after the deployment of large and small cities across the country, wouldn't it be billions in business marketing?
Tens of billions a year?

One stone caused a thousand waves, and U.S. stocks soared 5.5% at the opening of the day, and closed at the daily limit.

Stocks in the securities market, excluding A-shares that have been specially treated, have a price limit of 10%. If the daily price rise reaches 10%, the buying order will continue until the close. Set at 5%, reaching 5% is the daily limit.

Smith Barney's daily limit is 10%!

The market opened the next day, and the daily limit was directly increased!

The market opened on the third day, and the daily limit was still direct!

With the daily limit for three consecutive days, many stockholders and investment institutions who speculate in stocks have discovered that this stock is abnormal.

Generally speaking, stocks whose daily limit is closed at the opening of the market have a strong momentum. As long as the daily limit is not opened on the same day, they still have upward momentum on the second day. Line of suspicion, should be careful.

After the weekend, the market opened on Monday with a daily limit.

On Tuesday, the daily limit was not reached at the opening, but it soared 4.5% at the opening, and it was still the daily limit at the close.

The daily limit is calculated based on the closing price of the previous trading day, that is, assuming that the previous day's closing price was A yuan, after five consecutive daily limits: price = {[A x (1+10%)] x (1+10%) } x (1+10%) = A x (1+10%)^5 = 1.61. The stock price has increased by 61% instead of 50% from five days ago.

Five days ago, the previous share price of Smith Barney was 5 yuan, which rose directly to 8.05 yuan for five consecutive days.

When Chen Shi bought American shares, the stock price was only 4.2 yuan, but he bought it at a discount, and the actual price was only 3.36 yuan a share.

8.8 million shares, rose to 21.08 billion yuan, an actual increase of 138%.

On the sixth day, Smith Barney shares fell 2.5%.

On the seventh day, Smith Barney stock rose another 2.6%.

For the next period of time, Smith Barney's stock stabilized.

Afterwards, many media reporters analyzed Smith Barney stock.

In the past, Smith Barney attributed the sharp decline in performance to three points:
First, due to the influence of spring and summer product delivery factors, the launch of new spring and summer products was delayed, failing to meet market demand in time, and the performance during the period was greatly affected;
Second, in the fourth quarter, Smith Barney took advantage of major marketing activities such as "Double Eleven" and "Double Twelve" to increase the realization of stock products, resulting in a sharp decline in sales gross margin and a relatively large negative impact on net profit;

In the context of the weakening development of physical stores, the probability of panic buying or quick sales is getting lower and lower. If companies cannot make explosive products that consumers snap up, there will inevitably be a backlog of inventory.

In layman's terms, the main reason for Smith Barney's losses is the sluggish performance of direct-sale stores, the large number of advertising channels, the effect of spreading cannot meet the requirements, the long capital turnover, and the large inventory backlog.

The problem seems simple, but it is difficult to solve it.

It just so happened that Shenshi Group helped Smith Barney solve a lot of unsold inventory.

To make an analogy, if the cost of a sweater is 10 yuan and the wholesale price is 13 yuan, the gross profit is 30%.

But if the backlog is not sold until the second year, the gross profit will not be 30%, and it may even lose money.

Because the management of this sweater requires personnel and storage space, and the back and forth transfer requires freight and time, the cost may exceed 10 yuan.

When it may be sold, it will not reach 13 yuan, or even less than 10 yuan will be wholesaled, and the 10 yuan of funds may be a bank loan, 12% a year, which is 1.2 yuan.

Although the gross profit of the goods sold by Smith Barney to Shenshi Company is not as high as that of other franchise stores or distributors, Shenshi Company clears the goods quickly, and the payment arrives quickly. There is no delay or return and replacement, which speeds up the capital turnover rate.

Not only made money from Shenshi Company, but also helped Smith Barney digest the inventory.

In the third quarter, it made sense to turn losses into profits and earn tens of millions of yuan, which is much better than the loss of nearly [-] million yuan in the same period last year.

Recently, Chen Shi's information on the second shareholder of Smith Barney has become more famous, and similarly, there have been a lot of secrets. Countless media and TV reporters want to come to interview.

What Chen Shi is more concerned about is that the purpose of disclosing information has also been achieved.

　PS: Let me know, don't wait for the update in the early morning of Sunday, there is no manuscript saved, when it will be written and when it will be updated.

　　
　
(End of this chapter)