Shangwei New Materials disclosed that by the end of the first quarter of 2026, Li Bei had entered the top ten circulating shareholders. At the end of the period, her shareholding was worth more than 100 million yuan, breaking the rumor about the “private equity witch.” The company’s stock price rose 1820.29% in 2025, ranking first on the A-share market (excluding newly listed stocks). Based on this, the reporter interviewed the founder of Banxia Investment, Li Bei, and clarified that this shareholder was not the “private equity witch” from the rumors. The reporter also said that in the late January period, she had stated that the turning point in real estate was basically confirmed, which does not align with Shangwei New Materials’ area of focus.

K-LinePoet

2026-05-25 06:24:23

Abstract generation in progress

Shangwei New Materials recently disclosed its Q1 2026 quarterly report showing that by the end of the first quarter of 2026, Li Bei had newly entered the company's top ten circulating shareholders list, with a market value of over 100 million yuan in holdings at the end of the period, and the news of the "private equity witch's holdings exposure" spread quickly. Shangwei New Materials' full-year 2025 increase was 1820.29%, ranking first among A-shares (excluding the newly listed stocks of that year). In response, the reporter interviewed Li Bei, founder of Banya Investment, and learned that Li Bei among Shangwei New Materials' top ten circulating shareholders is not the same Li Bei known as the "private equity witch." Additionally, in late January this year, Li Bei, founder of Banya Investment, once expressed the view that the turning point in the real estate market has basically been confirmed, and Shangwei New Materials' investment direction is also not aligned with her focus. (Shanghai Securities Journal)

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Li Bei, one of the top ten circulating shareholders of Shangwei New Materials, is not the Li Bei known as the "Private Equity Witch."

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