Ge Weidong family, 19 billion holdings revealed! Appeared on the shareholder list of 9 companies, increased holdings in semiconductor leader Zhaoyi Innovation

Red Star Capital Bureau, April 6 news: As listed companies continue to disclose their 2025 annual reports, details of Ge Weidong’s family holdings have been revealed.

Ge Weidong and his related parties Wang Ping and Ge Guilian appeared together on the shareholder lists of nine listed companies, with total holdings of more than 19 billion yuan.

Source image for the article | Photo credit: Image.com Creative

Appearing in 9 Companies

Aggressively adding to shares of Zhejian Innovation

In the 2025 annual report disclosed by Zhejian Innovation, it shows that as of the end of 2025, Ge Weidong held 17.0267 million shares, the same as his holdings at the end of the third quarter of 2025.

However, Wang Ping, Ge Weidong’s related party, newly became one of the top ten circulating shareholders of Zhejian Innovation. As of the end of 2025, Wang Ping held 7.5567 million shares. Based on analysis of Zhejian Innovation’s periodic reports, in the fourth quarter of 2025, Ge Weidong (Note: Wang Ping, Ge Weidong’s related party, is considered to be operated by Ge Weidong) increased his stake in Zhejian Innovation by more than 1.45 million shares. Using Zhejian Innovation’s interval average price of over 214 yuan, Wang Ping spent more than 300 million yuan.

Zhejian Innovation is also Ge Weidong’s long-term holding. This semiconductor industry leader has already appeared on Zhejian Innovation’s top ten circulating shareholder list as early as the end of the second quarter of 2018. Since then, he gradually increased his stake. Although Zhejian Innovation’s share price trend has been highly volatile—its share price in mid-2021 peaked above 230 yuan (pre-rights-adjusted price)—and in early 2024 it once fell to around 55 yuan, Ge Weidong’s shareholding has always been above 17 million shares.

As of April 5, among the top ten circulating shareholder lists of nine listed companies that Ge Weidong and his related parties Wang Ping and Ge Guilian jointly appeared on, as of the end of 2025, their combined holdings totaled 19.07 billion yuan.

The MuXi shares held by Ge Weidong with a market value of over 8.3 billion yuan were listed on December 17, 2025. Ge Weidong invested in the company before it was listed. According to the announcement, in February and March 2025, Ge Weidong invested 300 million yuan and 500 million yuan, respectively, into the company via capital increases. In addition, Ge Weidong’s controlled Chaos Investment has been investing in MuXi shares since 2022.

At the beginning of the year, Ge Weidong and Zhang Jianping’s wife both took action

Each making a big investment of 1 billion yuan into Jianghuai Automobile

On February 10, Jianghuai Automobile (600418.SH) disclosed a report on the issuance of its non-public offering (directed share offering). It shows that Ge Weidong and Zhang Jianping’s wife, Fang Wenyan, appeared simultaneously on the allocation list, and each received an allocation of 1 billion yuan.

Jianghuai Automobile’s announcement shows that the fund-raising from the directed offering has been completed. The total fund raised was 3.5 billion yuan, with 70.1684 million shares issued, and an issue price of 49.88 yuan per share. On February 10, 2026, Jianghuai Automobile closed at 54.61 yuan per share. The issue price was about an 8.7% discount compared with the market price.

Jianghuai Automobile’s report on the directed offering shows that there were eight subscription targets in this issuance, including “private placement boss” Ge Weidong, Fang Wenyan, Yao Zhichao, Shenzhen XinSiZhe, Zhongjie Capital, Hangzhou Zhichun Investment, GF Securities, and Caifu Fund, among others.

Among the subscription targets, Ge Weidong subscribed for 20.0481 million shares, spending about 1 billion yuan. At the same time, Fang Wenyan also invested 1 billion yuan to subscribe for 20.0481 million shares. According to a prior announcement by Haili Biotechnology (603718), the “bullish minority investor” Zhang Jianping and Fang Wenyan are a married couple.

According to the announcement, the issue price was 49.88 yuan per share, the company’s latest share price was 44.53 yuan per share, and the portion of Ge Weidong’s participation in the offering is already in an unrealized loss.

(This article does not constitute any investment advice. The risk of acting on it is borne by the reader.)

Editor: Yang Cheng; Xiao Ziqi; Compiled by Securities Times, Shanghai Securities News, and Economic Information Daily; Public materials

Reviewed by Wang Guangdong