Star shareholder profit and loss inventory: Some people are deeply deceived, others earn tens of millions

As LeEco's share price fell recently, Stellar United's restructuring plan was implemented, doubling the wealth of star shareholders. For example, five stars such as Li Yifeng and Jia Nailiang all hold market values of more than 10 million, of which He Shengming has reached 55.49 million. However, Yang Mi, who withdrew from Xingmei Alliance early, lost more than 20 million yuan as a result.

Original title: Star shareholders 'profit and loss inventory LeTV stars are deeply involved in Huanrui Century Li Yifeng earns tens of millions

In March this year, LeSports completed Series B financing of 8 billion yuan. In this financing, 11 star investors including Liu Tao, Sun Honglei, Jia Nailiang, Zhou Xun, and Wang Baoqiang invested a total of nearly 200 million yuan in LeSports, and Liu Tao invested as much as 50 million yuan per person.

LeTV's "arrears" incident has intensified, and its share price has also plunged, falling 14.34% since November. This not only caused heavy losses to investors, but also made the investments of big names such as Zhang Yimou seem to be a little "hanging" due to the slowdown in asset injection plans.

However, stars 'investments are also sunny and rainy.

Just as LeEco's share price fell, Stellar United's restructuring plan was implemented, doubling the wealth of star shareholders. For example, five stars such as Li Yifeng and Jia Nailiang all hold market values of more than 10 million, of which He Shengming has reached 55.49 million. However, Yang Mi, who withdrew from Xingmei Alliance early, lost more than 20 million yuan as a result.

Recently

, the "debt gate" incident on LeEco's star shareholders has intensified. On November 23, there was news that Taiwan's Compal Group had a large amount of accounts receivable. Subsequently, Compal issued an announcement stating that as of the end of September, the total amount of accounts receivable from LeEco was NT$8.29 billion, of which the amount overdue for 1-180 days was NT$4.25 billion. According to the company's filing policy, the amount of bad debts that should be provided for is NT$116 million. At present, Compal Group has negotiated a repayment plan with the customer, and the customer has repaid the loan in accordance with the contract in mid-November, and the performance is in good condition. Although this matter was finally properly resolved, it is an indisputable fact that LeTV's capital chain is tight.

LeE.com CEO Jia Yueting also previously issued an open letter admitting that LeE.com has the problem of expanding its ecological strategy too quickly. In the open letter, Jia Yueting said: "In recent months, the pressure on the supply chain has increased sharply. Coupled with the funding problems that have always accompanied the development of LeEco (LeEco), this has led to tight supply and has a great impact on the continued development of the mobile phone business. LeEco's development is too fast, which corresponds to the fact that our funds and resources are actually very limited. On the one hand, LeEco has invested huge amounts in the early stage and has successively spent more than 10 billion yuan of its own funds; on the other hand, our financing capabilities are not strong, the method is single, and the capital structure is unreasonable."

The decline in Le.com's share price has caused Niu Sanzhang Jianping, Caitong Fund, Harvest Fund, and China Post Fund, which participated in Le.com's fixed increase in August this year, to be deeply trapped.

It rained overnight. Later, LeTV announced that LeTV Pictures had to postpone the injection of new capital due to the box office falling short of expectations. A group of performing stars who previously participated in investing in LeTV also faced investment risks.

For example, in May last year, Le Pictures transferred 5 million shares to Guo Jingming at a price of 1 yuan per share.

After that, Zhang Yimou invested 12.01 million yuan, with a shareholding ratio of 1.43%; Sun Honglei invested 2.39 million yuan, with a shareholding ratio of 0.28%, and Huang Xiaoming invested 5 million yuan to subscribe for 599,000 new registered capital shares.

Today, the development of LeTV's film, television and sports businesses has been dragged down, and the investment profits and losses of star shareholders have also attracted much attention from the outside world.

"Cash flow is the lifeline of a company. Le.com has expanded too fast in the past, resulting in a tight capital chain. The current situation is indeed urgent. At present, the stock prices of star shareholders are very low. For example, Guo Jingming's stock cost is only 1 yuan, and Huang Xiaoming's stock cost is only about 8 yuan. There is little possibility of loss.

However, investment is all about return. Once the asset injection plan is slowed down or even cancelled, it may make the star's path to wealth growth long and unpredictable. "Li Changmin, chairman of Guangzhou Snowball Investment, told reporters.

Yang Mi's tens of millions of losses "Leave Early" Road

Although LeTV's crisis has made many stars 'investments a little "hanging", most listed companies have still given star shareholders generous returns, such as Xingmei United, which has just completed its reorganization.

Xingmei United announced on the evening of November 8 that the company received the "Reply on Approving Xingmei United Company to Issue Shares to Purchase Assets and Raise Supporting Funds" issued by China Securities Regulatory Commission on the same day, which will be valid within 12 months. The company stated that the board of directors will handle matters related to the completion of this material asset reorganization within the specified time limit in accordance with the requirements of the above approval documents and the authorization of the shareholders 'meeting.

According to Xingmei United's reorganization plan, the company plans to acquire 100% equity of Huanrui Century by adding approximately 392 million shares to all 60 shareholders of Huanrui Century Film and Television Media Co., Ltd., including Chen Yuan and Zhong Junyan, at a price of 7.66 yuan/share. The estimated value of the underlying assets is 3 billion yuan.

At the same time, Xingmei United raised matching funds of no more than 1.53 billion yuan for the non-public issuance of approximately 175 million shares of shares from Huanrui United, Hongdao Tianhua, Qingyou Qianhe, and Qingyou Ruihe at a price of 8.72 yuan per share, which was used for TV dramas and movies. Investment, special effects post-production center and supplementary working capital.

After the reorganization is completed, Chen Yuan and Zhong Junyan will become the controlling shareholders and actual controllers of Xingmei United Beauty. The company's total share capital will increase from approximately 414 million shares to 981 million shares. The main business will become the production and distribution of film and television dramas, artist brokerage, games and film and television peripheral derivative business.

It is worth noting that through this reorganization, a group of Huanrui Century contracted artists have become joint shareholders of Xingmei. Among them, approximately 3.6268 million shares were issued to He Shengming, approximately 1.4507 million shares were issued to Du Chun, approximately 725,400 shares were issued to Li Yifeng, approximately 725,400 shares were issued to Jia Nailiang, and 72.54 shares were issued to Sun Yaoqi.

As of the close on November 23, Stellar United closed at 15.3 yuan per share, almost double the increase prices of the above five stars.

Through this battle, Li Yifeng and Du Chun's wealth will rise sharply.

According to reporters 'statistics, as of the close on the 23rd, the market value of the shares held by He Shengming reached 55.49 million yuan, Du Chun ranked second, with a net worth of 22.196 million yuan, and Jia Nailiang, Li Yifeng and Sun Yaoqi also all reached 11.099 million yuan.

Moreover, it is highly likely that it will continue to increase. On November 22, at the "2016 Online Reception Day for Investors of Listed Companies in Chongqing", Xu Hong, Secretary of the Board of Directors of Xingmei, said in response to investors 'questions that no organization has visited the company recently. Research, the office address of listed companies will not move out of Chongqing for the time being. Xu Hong pointed out that the company can reduce losses into profits as soon as January 2017, and the company has a group of star shareholders. If it is controlled well, there will be more positive impact.

However, the open market tends to be happy and sad. Before the reorganization, some Huanrui Century shareholders reduced their shares in Huanrui Century. Among them, in 2015, Yang Mi, Yang Lele, and Jia Shikai transferred all their Huanrui Century shares to Zhejiang Huanrui.

Yang Mi, a former shareholder of Xingmei United, was also a contracted artist of Huanrui Century in 2011. Together with He Shengming, Du Chun and others, he obtained 300,000 shares at a price of 1.2 yuan per share, accounting for 0.38%.

In June 2014, Yang Mi obtained another 200,000 shares at a price of 25.35 yuan/share. At that time, Yang Mi held a total of 500,000 shares of Huanrui Century, accounting for 0.46%. However, on July 30, 2015, on the eve of Huanrui Century's backdoor, Yang Mi transferred all 500,000 shares he held to Zhejiang Huanrui at the purchase price at a cost price of 10.86 yuan. If Yang Mi had not transferred her shares at that time, the 5.43 million yuan she invested at the beginning would have become the current 27.589 million yuan. Early withdrawal would have caused Yang Mi to lose more than 20 million yuan.

Editor: yvette