One year of gem: poor "shareholder" and rich shareholder

Yotsuya listed not yet full year, the gem was hit the "Create Rich Board" label, but this is not appreciated, because the gem is only rich large shareholders, but poor two market investors. The largest shareholder in the size of the shareholding, all the gem listed companies to close the majority of shareholders as of yesterday's stock market value are more than billion.　　But also according to yesterday's closing figures, most of the two-tier market investors are still at a loss. "Poor" "rich" trenchant despite the recent listing of intelligent Flying creatures (300122).　　SZ) yesterday close only than its issue price is less than 1 yuan, but its controlling shareholder Shen still to hold the 223.2 million intelligence fly biology and become the gem richest, as of yesterday's holding market value as high as 8.662 billion yuan. Regardless of the relationship with the tenth largest shareholder Liu Jiafen, Tsuen Yin Gao Ke (300087). SZ) Qin, the first major shareholder, held 4.6328 million units of the Bank of higher division, as of yesterday's closed stock market value also amounted to 206 million yuan.　　Such a stake in the market capitalisation of all gem listed companies can only be the last one of the major shareholders. In addition to the holding shareholder of the gem listed company, executives who hold a stake in a listed company also have a doubling of assets.　　such as intelligent flying Biological director, deputy general Manager and Dong-Yunong, director and deputy general Manager Chen Yu are holding the company 3.6 million shares and the net worth billions.　　However, the creation of a number of billionaires of the gem, but not to the two-tier market investors also enjoy the "feast", but many investors in the deep losses.　　Wind information statistics show that even in accordance with the price of reinstatement, as of yesterday, there are still 88 gem listed companies lower than the first day of the IPO price, and even 12 companies still share prices under the IPO. In this regard, the capital Securities chief strategy researcher Zhang that, because the gem P/E is significantly higher, investors need to bear a relatively large risk.　　Rational investment should be made after the level of valuation is reasonable. Of course, in general, the investors involved in the first-tier market are still in a profitable state. After the close yesterday, the Gem 130 listed companies have a total market value of up to 551.462 billion yuan.　　And according to the minimum 25% of the public shareholding ratio, two-level market investors hold a value of about 137.866 billion yuan. "Rich" to be set now in accordance with the 36-month lock-up period, Gem listed companies holding shareholders even if they want to reduce, still need to wait at least two years.　　But some of the 12-month-old sponsor shareholders have begun to stir.　　Wind information statistics show that November 1 this year, the first batch of 28 gem listed companies will be 1.199 billion shares of restricted shares lifted, total lifting the market value of 32.862 billion yuan. The ban on restricted stocks will definitely have a negative impact on the gem market. Zhang that, in fact, the SME board also has the problem of the sale of restricted stocks, but the difference is that the growth of the gem is considered to have a high, its fundamentals are worse than expected, or even lower than the SME board listed companies, which also reflects the relatively high price of its。　　Therefore, the pressure will be even greater after the ban on restricted stocks.　　At the same time, among all the restricted stocks to be lifted, one important group has to be valued, that is, the executives who hold shares in listed companies. Nearly half of the 28 listed companies that were released in early November were left to share executives. such as the robot (300024. SZ), Hua Test (300012).　　SZ), and even more than one senior executive leaves. Zhang that the ban on the executive restricted shares will have a greater impact on the company's share price, but also need to be specific screening. Some of the executives because the gem quickly get rich effect and choose to cash, the impact will be relatively small. And some of the listed companies in terms of very important executives, such as their grasp of the company's core technology, if the choice of reduction, it may have a significant impact on the development of the company.