Changxin surged on its first day of listing: creating at least 237 millionaires!

Changxin Technology officially landed on the A-share market on July 27, opening at 49.5 yuan per share on its first day of listing, a surge of 471.59% from the issue price of 8.66 yuan per share.

With the surge in stock price, the book value of the company's founders and institutional shareholders has rapidly increased. Among the employees participating in the strategic placement, at least 237 individuals now hold stock worth millions of yuan.

Among them, Chairman Zhu Yiming indirectly holds approximately 1.59 billion shares of the company through multiple platforms such as Qinghui Jidian, Hefei Jixin Sishiyi Hao, and GigaDevice. Based on the opening price of 49.5 yuan per share, the corresponding market value of his holdings is approximately 78.7 billion yuan.

Institutional shareholders have also seen their book values revalued. The Hefei state-owned system collectively holds approximately 36.79% of the shares, with a corresponding market value exceeding 1.21 trillion yuan; the National Integrated Circuit Industry Investment Fund Phase II holds 8.73%, with a market value of approximately 288.9 billion yuan; the Anhui Provincial Investment Group holds 7.91%, with a market value of approximately 216 billion yuan.

The wealth creation for employees mainly comes from the strategic placement asset management plan and the employee stock ownership plan. The strategic placement asset management plan covers senior management and core employees, with a total of 377 participants and an aggregate placement amount of approximately 1.593 billion yuan.

Calculated based on the opening price, employees with a placement amount of 2 million yuan or more now hold stock worth over 10 million yuan, generating at least 237 millionaires.

Changxin has implemented two phases of employee stock ownership plans. The first phase was launched in July 2020 with a grant price of 1.05 yuan per share, covering 3,596 participants. The second phase was launched in June 2023 with a grant price of only 0.108 yuan per share, covering 3,164 participants. Based on the opening price of 49.5 yuan per share, the book return for the second phase of the employee stock ownership plan exceeds 400 times.

Online subscriptions for ordinary investors also brought considerable returns. A total of 9.4288 million investors participated in the online issuance, with a lottery winning rate of 0.4714%. Based on 500 shares per winning lot and an opening price of 49.5 yuan per share, the book profit per winning lot is approximately 20,400 yuan.