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Great Wall Life accelerated its sweep of goods in A-shares. In mid-late May, Great Wall Life "at the same time" raised the brand of Chengfa Environment and Jiangnan Water Affairs. This is not the first time it has listed two companies one after another in a short period of time. In June last year, Great Wall Life also listed two listed companies, Zhejiang Jiaoko and Central Plains Expressway, and has since increased its holdings in both companies several times. In addition to these four, there are eight A-share targets contaminated by Great Wall Life, and the current position in these 12 is more than 4.5 billion yuan.

Great Wall Life once again opened the "buy-and-buy" mode.

On May 17, Jiangnan Water and Chengfa both disclosed that Great Wall Life had a stake of more than 5% in the two companies with its own funds. Since the beginning of this year, Great Wall Life has bought shares in these two listed companies one after another.

In addition to Jiangnan water and Chengfa environment, Great Wall Life also occupies a place among the top 10 shareholders of 10 listed companies through its own capital or its products, and its proportion of Central Plains Expressway in many layouts is now more than 9%. On the whole, 2024 is the year when Great Wall Life made a big attack in A-shares, and five of the 12 listed companies it holds became the top 10 tradable shareholders in the first quarter.

At the same time, there are 6 companies with more than 5% shareholding in Great Wall Life, including Financial Street, Zhejiang Jiaoko, Central Plains Expressway, Wuxi Bank, Chengfa Environment, and Jiangnan Water.

From the perspective of the objects favored by Great Wall Life, most of them are public utilities based on infrastructure and environmental water services. Under the expectation of rising prices of utilities such as hydropower and gas and high-speed rail, the related sectors such as hydropower and gas and high-speed rail have risen brightly since the beginning of this year.

"at the same time" two listed companies

After trading on May 17, Chengfa Environment and Jiangnan Water, a listed A-share company, said that Great Wall Life had increased its holdings in the two companies with its own funds, and its shareholding had reached the 5% mark.

Specifically, Chengfa Environment said that Great Wall Life increased its stake in the company by 39% through bidding in the secondary market on May 16.Revolandgamedownload.950 million shares. The announcement revealed that Great Wall Life had previously held 31.704778 million shares, accounting for 4.9378 per cent of Chengfa's total share capital.

In other words, Great Wall Life holds a total of 32.104278 million shares in Chengfa Environment, accounting for 5.0001 per cent of the company's total share capital.

Jiangnan Water has followed suit by saying that Great Wall Life already owns 5 per cent of its own company. It is reported that the number of shares held by Great Wall Life before the increase was 46.4257 million shares, or 4.9642 per cent; after the increase, the number of shares increased to 46.7617 million shares, and the shareholding ratio also rose to 5.0001 per cent.

If calculated on the basis of the closing price on May 17, the market value of Great Wall Life's position in Chengfa Environment and Jiangnan Water is 400 million yuan and 260 million yuan respectively.

According to the announcement, Great Wall Life began to buy Jiangnan Water shares at the beginning of 2024, buying 6.872 million shares, 11.616827 million shares, 9.7464 million shares, 10.290499 million shares and 8,235.974 shares in January, February, March, April and May respectively, with a purchase ratio of 0.7348%, 1.2422%, 1.0422%, 1.1003% and 0.8807%, respectively.

Similarly, Great Wall Life also bought 6.74545 million shares, 9.818267 million shares, 2.706861 million shares, 4.1 million shares and 8.7338 million shares in January, February, March, April and May this year, accounting for 1.0506%, 1.5291%, 0.4216%, 0.6386% and 1.3602% of the total share capital.

As for the follow-up action, the deep-pocketed Great Wall Life said that the two companies were long-term investments based on the allocation needs of insurance companies and the allocation value of listed companies, and the funds came from their own funds. And do not rule out the possibility of continuing to increase holdings in the next 12 months.

Great Wall Life preferred

What about Chengfa environment and Jiangnan water affairs?

It is not uncommon for insurance money to buy A shares on a large scale, but there are only a handful of two in a row in a short period of time. So, what is so special about Chengfa environment and Jiangnan water affairs that Great Wall Life is "bowed"?

From the perspective of the quality of Chengfa environment, its main business is urban sewage treatment, garbage incineration power generation, environmental protection project construction and so on. From the performance point of view, it is not outstanding.

Data show that from 2023 to the first quarter of 2024, Chengfa achieved revenue of 6.522 billion yuan and 1.357 billion yuan respectively, with year-on-year changes of 2.61% and-10.74% respectively. Net profit for the same period was 1.18 billion yuan and 250 million yuan, with year-on-year changes of 2.37% and-26.82%, respectively.

From the point of view of the secondary market, Chengfa performed well in 2024, when Great Wall Life was speeding up. Choice data show that from the beginning of the year to May 20, the share price of Chengfa Environment changed by 14.64%.

From a business point of view, Jiangnan Water Affairs is similar to Chengfa in terms of environment, and also involves environmental protection. It is reported that its business is tap water drainage and related water treatment.

From the perspective of performance, from 2023 to the end of March 2024, the revenue of Jiangnan water was 1.364 billion yuan and 295 million yuan respectively, with year-on-year changes of 7.57% and 0.61% respectively.

It is worth noting that Jiangnan Water shares closed up 6.42 per cent on the next trading day after the announcement of Great Wall Life, its highest level since September 2023, while Chengfa Environment also rose 4.08 per cent.

The A-share territory of Great Wall Life

This is not the first time Great Wall Life has listed two listed companies in a row. On June 2 last year, two listed companies, Zhejiang Jiaoko and Zhongyuan Expressway, simultaneously announced that Great Wall Life held more than 5% of its shares, with 131 million shares and 112 million shares respectively.

After taking a 5 per cent stake in the two companies, Great Wall Life continued to bet. Data show that at the end of June last year, Great Wall Life held 173 million shares in Zhejiang Jiaoko and 124 million shares in Zhongyuan Expressway; by the end of September of the same year, it increased its holdings in Zhejiang Jiaoko to 189.8 million shares.

Since then, Great Wall Life has continued to increase its holdings of Central Plains Expressway. According to the data, Great Wall Life increased its holdings by 67.46 million shares in the fourth quarter of 2023 and 11.7039 million shares in the first quarter of 2024, bringing the total number of shares to 190.94 million shares and 200 million shares.

Coincidentally, Great Wall Life also increased its holdings in Guangdong Construction Engineering and Wuxi Bank in the first quarter of this year. According to the data, it increased its positions by 157 million shares and 46.4893 million shares respectively in the first quarter of this year, and its holdings were 164 million shares and 153 million shares respectively by the end of March.

Source: Choice

In addition to the above six companies, Great Wall Life also occupies a place among the top ten tradable shareholders of six other listed companies. These six companies are Dongguan Holdings, Chutian Expressway, Gany-Guangdong Expressway, Shanghai Energy, Entrepreneurship and Environmental Protection, and Finance. The number of shares held is 3 million shares, 48.6 million shares, 24 million shares, 11.2998 million shares, 16.1923 million shares, and 144 million shares respectively.

It should be noted that in the first quarter of this year alone, Great Wall Life Insurance entered the top ten tradable shareholders of five listed companies: Dongguan Holdings, Chutian Expressway, Gany-Guangdong Expressway, Shanghai Energy, and Entrepreneurship and Environmental Protection.

Overall, Great Wall Life has deployed at least nearly 4.6 billion yuan to lay out A-shares, and most of its targets are concentrated in infrastructure, environmental protection energy, financial institutions and other sectors.

These stocks have been expected to increase prices this year.

Chunjiang water heating is a market prophet. Funds are also pouring in one after another. Data shows that the year-to-date changes in the power sector, highways and railways are 15.57% and 8.7%.