Семья Гэ Вэйдуна, раскрыты активы на сумму 19 миллиардов! Вошли в список акционеров 9 компаний, увеличили долю в лидере полупроводникового сектора Zhaoyi Innovation

Red Star Capital Bureau, April 6: As listed companies continue to disclose their 2025 annual reports, the shareholding positions of the Ge Weidong family have been revealed.

Ge Weidong and his associates, Wang Ping and Ge Guilian, have jointly appeared on the shareholder lists of 9 listed companies, with total holdings exceeding 19 billion yuan.

Data illustration (photo) Source: TuChong Creative

Appear in 9 Companies

Heavily Increased Holdings in Zhaoyi Innovation

The 2025 annual report disclosed by Zhaoyi Innovation shows that as of the end of 2025, Ge Weidong held 17.0267 million shares, which is the same as the shareholding as of the end of the third quarter of 2025.

However, Wang Ping, a new entrant and associate of Ge Weidong, is included among the top ten circulating shareholders of Zhaoyi Innovation. By the end of 2025, Wang Ping held 7.5567 million shares. According to analysis of Zhaoyi Innovation’s periodic reports, in the fourth quarter of 2025, Ge Weidong (Note: Wang Ping, an associate of Ge Weidong, is regarded as operating by Ge Weidong) increased his position in Zhaoyi Innovation by more than 1.45 million shares. Based on the average price of more than 214 yuan within the trading range of Zhaoyi Innovation, Wang Ping spent more than 300 million yuan.

Zhaoyi Innovation is Ge Weidong’s long-term holding target. This leading semiconductor stock has been on the top ten circulating shareholders list of Zhaoyi Innovation since the end of the second quarter of 2018. Thereafter, Ge Weidong gradually increased his holdings. Despite Zhaoyi Innovation’s stock price showing highly volatile movements, with its peak in mid-2021 exceeding 230 yuan (pre-rights adjustment price) and falling to around 55 yuan at the beginning of 2024, Ge Weidong’s holdings have consistently been above 17 million shares.

As of April 5, among the lists of the top ten circulating shareholders of 9 listed companies in which Ge Weidong and his associates, Wang Ping and Ge Guilian, jointly appeared, as of the end of 2025, their combined holdings amounted to 19.07 billion yuan.

The MuXi shares in which Ge Weidong’s holdings were valued at more than 8.3 billion yuan were listed on December 17, 2025. Ge Weidong invested in the company before its listing. According to the announcement, in February and March 2025, Ge Weidong respectively spent 300 million yuan and 500 million yuan to invest in the company via capital increase. In addition, Chaosun Investment, which is controlled by Ge Weidong, began investing in MuXi shares from 2022.

At the Beginning of the Year, Ge Weidong and Zhang Jianping’s Wife Took Action Simultaneously

Each Invested 1 Billion Yuan in a Big Bet in Jianghuai Automobile

On February 10, Jianghuai Automobile (600418.SH) disclosed the report on the allotment and issuance of the non-public offering (targeted issue). The report shows that Ge Weidong and Zhang Jianping’s wife, Fang Wenyan, both appeared on the list of recipients of allocation, with each receiving an allocation of 1 billion yuan.

The announcement of Jianghuai Automobile indicates that the funds raised from the targeted issue have been completed, with total raised funds of 3.5 billion yuan, an issuance size of 70.1684 million shares, and an additional issue price of 49.88 yuan per share. On February 10, 2026, Jianghuai Automobile closed at 54.61 yuan per share, and the additional issue price represented a discount of about 8.7% relative to the market price.

The report on the targeted issue shows that there are 8 issuance targets in this round, including the “private placement big shot” Ge Weidong, Fang Wenyan, Yao Zhichao, Shenzhen XinSiZhe, Zhongjie Capital, Hangzhou Zhichun Investment, GF Securities, and Caifu Fund, etc.

Among the subscription recipients, Ge Weidong spent approximately 1 billion yuan to subscribe for 20.0481 million shares. At the same time, Fang Wenyan also contributed 1 billion yuan to subscribe for 20.0481 million shares. According to an earlier announcement from Haili Biology (603718), 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. The portion of the shares that Ge Weidong participated in the additional issuance for is already in a floating loss state.

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

Editor: Yang Cheng, Xiao Ziqi Comprehensive from Securities Times, Shanghai Securities News, Daily Economic News, and publicly available information

Reviewed by: Wang Guangdong