Super influential investor appears, with a holdings market value of nearly 1 billion yuan

Super large shareholders appear, holding nearly 1 billion yuan in Ping An Bank.

According to Ping An Bank’s annual report, super large shareholders Yao Jianhua and Zhu Chongyun, who hold Shenzhen Enqing Investment Development Co., Ltd., entered as one of the top ten shareholders of the company in the fourth quarter of 2025, with a holding value close to 1 billion yuan by the end of 2025.

Ten years ago, the couple Yao Jianhua and Zhu Chongyun had taken a stake in Youngor. According to Youngor’s periodic reports, as early as mid-2015, the couple’s holding value in the company reached as high as 1.85 billion yuan.

Super large shareholder couple appears

According to Ping An Bank’s 2025 annual report, by the end of 2025, Shenzhen Enqing Investment Development Co., Ltd. (referred to as “Enqing Investment”) held 85.8 million shares of the company, with a holding value of 979 million yuan.

Qichacha’s equity penetration information shows that among the shareholders of Enqing Investment, Zhu Chongyun holds 98.4848% of the shares, while Yao Jianhua holds 1.5152%.

According to Ping An Bank’s periodic report, by the end of the third quarter of 2025, the company’s tenth largest circulating shareholder held 62.52 million shares, which implies that in the fourth quarter of 2025, Enqing Investment purchased at least 23 million shares. Annual report information indicates that all of Enqing Investment’s holdings were purchased within the year 2025, and based on Ping An Bank’s average stock price in 2025, the investment in Ping An Bank cost up to 1 billion yuan.

According to Ping An Bank’s 2025 annual report, the company’s operating income for 2025 was 131.442 billion yuan, a year-on-year decrease of 10.4%; net profit attributable to shareholders was 42.633 billion yuan, down 4.2% year-on-year. Zhejiang Merchants Securities’ research report believes that as the decline in interest margins and non-interest income slows, combined with the continuous improvement in risk generation leading to a decrease in impairments, Ping An Bank’s profitability is expected to achieve positive growth in 2026.

Ten years ago, took a stake in Youngor

Qichacha information shows that besides fully owning Enqing Investment, Yao Jianhua and Zhu Chongyun also hold Shenzhen Borui Caizhi Holdings Co., Ltd. (referred to as “Borui Caizhi”), with both holding 50% of the shares.

According to past public data, Yao Jianhua, Zhu Chongyun, and their controlled investment platforms such as Enqing Investment and Borui Caizhi frequently appear in multiple listed companies, the most notable being their holding of Youngor in 2017, when they took a stake in March 2016.

According to Youngor’s periodic report, as early as the second quarter of 2008, Zhu Chongyun appeared among the top ten shareholders of the company, holding 8.61 million shares with a holding value of 8.8 million yuan by the end of the second quarter of 2008. Subsequently, Yao Jianhua, Borui Caizhi, and Enqing Investment also appeared on Youngor’s shareholder list.

By the end of the second quarter of 2015, Borui Caizhi, Yao Jianhua, Zhu Chongyun, and Enqing Investment occupied four seats in Youngor’s top ten shareholders list, with a holding value of as much as 1.85 billion yuan.

In March 2016, Youngor published a brief equity change report announcing that Yao Jianhua and his controlled platforms held more than 5% of Youngor’s total share capital, constituting a stake acquisition.

According to Youngor’s periodic report, Yao Jianhua and his related investment platforms continued to appear in the company’s top ten shareholders list until the second quarter of 2025, when they disappeared from the list.

From the second quarter of 2008 to the second quarter of 2025, a total of 17 years passed.

Institutions optimistic about the bank’s future

The heavy investment by Yao Jianhua and his wife in Ping An Bank highlights their optimism towards bank stocks. In fact, Youngor, known to the public for its clothing, has a significant portion of its investment value reflected in its substantial holdings of Ningbo Bank shares.

By the end of 2018, Youngor held 15.25% of Ningbo Bank’s shares. According to the latest data, Youngor still holds 10% of Ningbo Bank’s shares.

From the latest market value situation, as of March 27, 2026, Ningbo Bank’s market value approached 200 billion yuan, while Youngor’s market value was 35.3 billion yuan.

At this current point in time, many institutions are optimistic about the future of the banking sector.

Huachuang Securities’ research report believes that the core logic of medium- and long-term funds entering the market and the reform of public funds remains unchanged, and the allocation opportunities in the banking sector are worth noting, as current funds are still significantly underallocated to banks. The investment logic for bank stocks in 2026 will shift from mere dividend defense to a dual-drive model of “dividends + growth.” With a recovery in the fundamentals and joint efforts from funding drives, 2026 is expected to be a year of systematic valuation recovery for the banking sector.

“The banking sector showed an overall trend of high first and low later in 2025; in the first half of the year, new funds from insurance and other sources entered the market, driving the rise in banks due to their demand for high-dividend targets. However, entering the third quarter, market styles shifted, with growth styles dominating as market funds flowed out of dividend sectors towards growth sectors, leading to a drop in bank valuations,” said Yu Zhanchang, a fund manager at Penghua Fund, while looking ahead. He added that the rise in the banking sector still relies on funding support. The outstanding performance of insurance companies in 2026 will likely lead to new premiums flowing into the equity market, with some of these funds potentially continuing to allocate towards high-dividend and cost-effective bank targets.

In the view of Feng Chencheng, a fund manager at Huabao Fund, since the third quarter of last year, the banking sector has continuously faced selling pressure from funds, but high-growth stocks within the banking sector have already begun to show upward trends, prompting more stocks to start rebounding. Currently, the pressure on funds in the banking sector is gradually being absorbed, performance trends are improving, and asset quality is stabilizing. The adjustments in the banking sector have been relatively sufficient. Whether considering the certainty and stability of fundamentals or the perspective of dividend value and defensive style, there are positive factors triggering interest in the banking sector, and the overall outlook for profit growth expectations among major banks this year is more optimistic.

(Source: Shanghai Securities Journal)