Rebirth: The Financial Giant

At the shareholders meeting, more than 20,000 people gathered to listen.

Lu Ming, who was sitting in the middle seat on the stage, turned over a page of documents, looked at the contents of the materials and said: In the first quarter, we had 553.196 billion yuan in revenue, or about 82.1 billion US dollars; in the first quarter, we achieved a net profit of 4702.16 yuan per share. , approximately $698.27.”

Looking at the audience, Lu Ming added: Once again, I would like to emphasize that each of the above results is also reported according to this figure, but in our existing revenue report, Tianchi is not included. Technology is also particularly publicized in our performance report, so no matter how much, Tianchi technology is not included in it.

Time passed, and after Lu Ming finished his speech, Gao Hua, one of the company's board members, started to speak. He was the person in charge of the new energy industry ecology of Tiansheng Capital. At the shareholders' meeting It's also about this issue.

Then several others made some reports at the shareholders' meeting, including some of the company's future prospects.

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An hour later, the most anticipated question-and-answer session was finally ushered in. In the next three and a half hours, questions from shareholders, reporters and institutional analysts will be accepted.

Lu Ming took over the words again and smiled: The first question of the first two shareholder meetings was given to reporters and institutional analysts, and this time it will be given to small and medium investors.

After speaking, after a while, the staff randomly selected a retail investor.

The director behind the scenes also gave the camera to the past, and the giant screen switched to the audience seat, and focused on a 35-year-old middle-aged man wearing glasses. At this time, he seemed quite excited, and he did not expect to be selected and called the first. a questioner.

After a while, the man took the microphone handed over by the staff. There were so many bigwigs at the scene, which made him excited and stressed.

Good afternoon, brother, I have been a minority shareholder of Tiansheng for three years. I planned to pay down a house in 2017, but later decided to buy Tiansheng's shares. I bought 200 shares when Tiansheng's stock price was 11,900 yuan. I'm also a big fan of your brother... I and the friends around me are full of love for you.

I believe that all your fans are like me, and you have painted a very beautiful picture for all our shareholders at Tiansheng Capital, which has benefited us very much. My question is, can you talk about a person What kind of stable products can small and medium investors have for long-term investment with relatively low risk?

The participants at the scene were quite calm, and they were all very rich. The shareholders meeting was also broadcast live online. When the netizens heard that the questioner held 200 shares of Tiansheng Holdings, they were envious to death.

However, it was not ordinary people who could afford 200 shares of Tiansheng that year, which cost 2.38 million.

According to the latest closing price of the stock king, the market value of these 200 shares is almost 11.9 million yuan, which has quadrupled in three years. If it is an investment in real estate, it is much richer than buying a house, and the actual income is far more than that. There are also more than 1.4 million cash dividends.

Lu Ming pondered for a moment, then smiled: Answering this question needs to be cautious, because we don't want to mislead people, gold can be allocated some, there are not many strategies that can be done in China, but the existing strategies are enough for retail investors to play, such as doing Doing gold TD and the like, and gold is still an important core asset allocation variety of Tiansheng Capital.”

Regarding this issue, Lu Ming is directly bullish and recommends buying it!

Because for retail investors, it doesn’t make much sense to go to professional analysis, and retail investors don’t care, they only care about buying and selling.

The first brother sings about gold again. Last year, shareholders would ask similar questions. This year, it is recommended that everyone allocate gold assets. Gold is extremely long. It is true.

Taking gold T+D as an example, there can be more than 4 points of profit from last year's shareholders' meeting to the latest closing price, which is not a point of interest for retail investors who speculate in stocks.

However, after listening to Lu Ming's suggestion last year, those who allocated gold did not make big profits but avoided losses.

Moreover, since the gold TD bottomed in mid-to-late August last year, it has also risen for a period of time, with a gain of more than 12 points, but it fell after mid-to-late February this year and adjusted to the present.

During this period of adjustment, it happened to be when the big A market was booming in the spring. The stocks went up like crazy, especially in the big financial sector. The market can give you a rise of more than 5 points in one day, and the whole market is crazy. Gold adjustment is also normal, everyone dumped gold and ran to buy stocks.

If you want to be stable and low-risk, you cannot create high returns unless you buy Tiansheng Value Growth Mixed Fund, which is the only one in the world at present, but it is not so easy to get on the car.

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The second questioner soon emerged, a reporter from a media agency, and a foreign face.

Mr. Lu, according to the FCC documents and the filing of our stock exchange, Tiansheng Capital does not hold any foreign stocks, but more than 80% of your company's revenue in the first quarter came from the global market. Suppose you hold With foreign stocks, what would be your ten most important holdings?

A large number of attendees, especially some investors from China, could not help but look at the questioner. This question is very funny. Why is it still used here?

So far, Tiansheng Capital has not lifted the blockade sanctions, can this be made public?

However, Lu Ming answered this question seriously: We can be a so-called consulting or consulting company, but we don't do that, so today I'm not suggesting you invest in any stock. We don't need to report foreign stock transactions. As a result, we will never conduct stock investment advice from an unnecessary angle, especially foreign stocks. We do not disclose information that belongs to Tiansheng Capital, and we will not report our positions to the FCC.

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The third question is a question from an institutional analyst in China: According to the first quarter report of Tiansheng Capital, Tiansheng Capital now has a disposable cash flow of 2.76 trillion, of which the own cash flow belonging to Tiansheng Capital is also With over $900 billion, so much cash, my question is why doesn't your company buy back more shares?

Since the listing of Tiansheng Capital, there have been two share repurchase operations in total, which correspond to the two issuances of convertible bonds. The total share capital was once again fixed at an integer number of 80 million shares, and the repurchased shares were also cancelled.

Of these more than 70 billion, there are 30 billion raised by issuing convertible bonds, and the rest is made up by the company. Tiansheng Capital raised debts twice not because of lack of money to find the market, but to give An opportunity for retail investors to get on the bus.

Lu Ming answered in an orderly manner: We used to have a strategy of repurchasing at book value, but this is outdated now. When you repurchase stocks now, the price of the stock needs to be higher than the book value at the time. Buying stocks should be A conservative, estimated intrinsic value to buy, we bought about 73.2 billion yuan in repurchases in the third quarter of last year, but this has little to do with how much we want to buy, we want to make sure that when we buy back shares, these are not sold shares of people will have more profit than before the buyback.”

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A media reporter from China raised the fifth question: ...Actually, we have also seen that there have been recent news and trends about bilateral economic and trade negotiations. From the perspective of situational deduction, have you ever had any experience with Mr. Lu? Some expectations? Will there be a bad scenario?

As soon as Lu Ming heard such a question, he was happy. This person really asked the key point, because he thought of the time point in his previous life. Something is about to happen.

Of course, Lu Ming couldn't say it, he pondered for a moment, then began to answer: This is actually an answer, if you are a trader, the most fearful thing is uncertainty, this uncertainty does not mean that Good or bad, but I don't know if it's good or bad, that's what the market is most worried about.

What traders are trading is uncertainty, not a definite answer. In other words, it can be good or bad. Anyway, you just need to land it for me. For particularly bad situations, you have a lot of brains. For example, if there is a sudden war crisis, for example, if the commander might post a message on his social account tomorrow, things will turn around.

But it's a bit far from the understanding of the market. If you understand the market, it's very simple. No matter whether you fight or not, as long as you drop the boot for me, I have nothing to worry about. , because it has become an established fact.”

Having said that, Lu Ming nodded to signal the end of the answer.

As for whether the great commander would do anything tonight, Lu Ming didn't dare to make a 100% guarantee. Anyway, he'll know when the time comes.

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