Dear Sensegain colleagues:
Before you know it, it's the end of the year. 2021 is the fifteenth anniversary of the establishment of Sensegain Group. Time has allowed us to grow and mature. Although we have experienced wind and frost, we are still full of pride.
The Covid-19 epidemic has lasted for two years, and from Delta to Omicron, the struggle between humans and viruses continues. The world structure is accelerating towards multi-polarization, the game between China and the United States is still surging, the recovery of major economies is gradually differentiated, the domestic economic growth rate is declining, and it is facing the pressure of shrinking demand, supply shocks, and weakening expectations. The industrial transformation is accelerating, the real estate regulation is unabated, K12 training has given way to the "three-child policy", network security supervision has been further strengthened, the "Carbon Peaking & Carbon Neutrality" goal has officially set sail, and technological independence is only a matter of time and ambition.This year, at a time when Chinese concept stocks were hesitant, China’s capital market ushered in the Beijing Stock Exchange, and the securitization path for specialized, special and new SMEs became more and more smooth. The number of new A-shares and the amount of funds raised both hit a record high. The number of IPOs is about 520, and the total amount of funds raised exceeds 540 billion yuan. However, the average amount of funds raised and the initial price-earnings ratio have both declined, and breakouts are common. Mergers and acquisitions and restructuring policies have been continuously improved, benefiting from the reform of state-owned enterprises and other reasons, involving nearly one trillion yuan of capital. Industry differentiation in the secondary market is obvious. Since the beginning of the year, the Shanghai Composite Index has risen by 4.80%, the CSI 300 has fallen by 5.20%, the ChiNext Index has risen by 12.02%, and the New Energy Index has risen by as much as 62.75%. The number of delisted companies continues to increase, but some companies are quietly "counterattacking" on the third board, which is rarely paid attention to. The private equity industry has grown to a scale of nearly 20 trillion yuan, the echelon distribution is becoming clearer and clearer, and the competition for comprehensive strength is being brutally carried out. No progress is a regression.
2021 is the year when Sensegain cultivates his internal skills. Research skill is the foundation of investment. We continue to strengthen research on industrial tracks and investment models, and continuously improve our capabilities in equity investment, securities investment, strategic investment and overseas investment. Yiyi Hygiene Products, Chengda Biotechnology Co., and Cloudwalk , eToro and other high-quality projects are successively landing in domestic and foreign capital markets; the first phase of the US dollar fund has achieved nearly five times the good results in four years, and the second phase of the fund has also officially set sail; Sensegain Holdings The listed company Kangyue Technology has successfully transformed into the pharmaceutical industry, the fundamentals have been greatly improved, and the performance has been greatly improved; the cooperation between insurance companies, central enterprises, local governments and other institutional investors has deepened, and the main body of the group has been selected as a private equity investment invested by insurance funds for two consecutive years. fund manager. The fifteen years of Sensegain's growth are the fifteen years that I have stepped from youth to middle age. The world has long been different, and every seemingly ordinary day is actually changing. In 2006, people had come out of the pain of SARS. When we were young, we used Nokia mobile phones, chatted through QQ and MSN, recorded life with Kodak cameras, listened to the radio on the fuel car, and looked forward to 2008. The Beijing Olympic Games celebrated the joy of the domestic GDP exceeding 20 trillion RMB for the first time. Today, GDP has grown to 100 trillion yuan, 5G has entered thousands of households, people no longer need to carry cash when traveling, artificial intelligence has been able to achieve various accurate identifications, and Tesla, NIO, and Xpeng have appeared on the streets and alleys. Metaverse, third-generation semiconductors, autonomous driving and other new technologies are gradually entering our lives.After years of precipitation, I know that God rewards diligence and learning is endless. As a microscopic individual, we see too little after all. No matter what age group we are in, we should not imprison ourselves in a narrow cognition. When the era abandons you, we will not say goodbye. The world is changing rapidly, we need to be more sober, think more, and have more enthusiasm. Every small improvement will add up to huge advantages over time.
We know that for many private enterprises and small and medium-sized enterprises, this new year will be difficult. When a lot of things appear in history books, we can’t feel the same way, and often feel that it’s just so; but when we really experience and experience it, it’s hard to bear. Everyone follows this macro world in a big cycle, sometimes happy, sometimes painful, but still believe that the road ahead is long and the journey will come. Starlight is worth the traveler, time is worth the conscientious person, the difficulties and obstacles on the journey are all jokes after a few years. 2022 will be the year of hope, and everything, everything, will undergo new and positive changes. We are looking forward to the steady development of the macro economy and the comprehensive registration system of the capital market, but we must prepare ourselves and continue to build our core competitiveness. In terms of fundraising, we will increase cooperation with local governments in capital investment promotion and industrial implementation, continue to explore institutional investors such as insurance companies, state-owned enterprises, and industrial capital, and will innovatively launch a series of special opportunity products to meet different needs. Investor needs and preferences. In terms of investment, on the basis of national strategies, industrial policies, market responses and team advantages, we have selected semiconductors, corporate services, smart cars, robots, military industry, biopharmaceuticals, innovative equipment, smart medical, Metaverse, medical beauty, New energy, clean energy and other sub-tracks, industrial research will further integrate the primary and secondary market, domestic and foreign, and financial investment will gradually rise to strategic investment. In terms of post-investment management and project exit, we will further deepen the role of the "Vice Chairman", strengthen research on the global capital market, help promote the IPO and M&A of the invested companies, and actively seek high-quality industrial mergers and acquisitions for the invested companies The target, the integration of finance and industry will be closer. When making choices, use strengths and avoid weaknesses; when making efforts, learn from each other's strengths. The era we live in is full of challenges and full of hope. Only by following our dreams and living in the sun can we have a bright future and a promising future. Fifteen years of trials and hardships, every year is worth remembering and looking forward to. Although this trip is far, it is fortunate that there are mountains and waters, you and me. We warmly welcome partners with ideals and motivation to join Sensegain, walk with you, and create new chapters together. Hope is ahead, not far; the road is underfoot, not in sight. May we live up to our time, our trust, and ourselves. Finally, I wish everyone a normal body temperature in the new year and a high fighting spirit forever.
