Ge Weidong family’s 19 billion holdings revealed! Appeared in 9 companies

Guo Weidong’s family holdings have been exposed.

According to the already disclosed 2025 annual reports of listed companies, Guo Weidong and his associates—Wang Ping and Ge Guilian—appear on the shareholder lists of 9 listed companies. Their total holdings exceed RMB 19 billion.

Appear in nine companies

As of April 5, among the more than 1,200 listed companies that have disclosed their 2025 annual reports, among those companies with disclosed annual reports, Guo Weidong and his associates—Wang Ping and Ge Guilian—together appear on the top ten tradable shareholders lists of 9 listed companies. As of the end of 2025, their total holdings were RMB 19.07 billion.

Judging from Guo Weidong’s holdings, he appears in the following four listed companies:

Guo Weidong’s associate Wang Ping appears in 6 listed companies: (Note: Jialitu has the possibility of a shareholder with the same name)

Guo Weidong’s other associate, Ge Guilian, appears in 4 listed companies:

Judging from changes in holdings in the fourth quarter of 2025, the annual report of Zhaoyi Innovation shows that, as of the end of 2025, Guo Weidong held 17.0267 million shares, the same as his shareholding as of the end of the third quarter of 2025. However, Wang Ping, Guo Weidong’s associate, newly entered Zhaoyi Innovation’s top ten tradable shareholders. As of the end of 2025, Wang Ping held 7.5567 million shares.

An analysis of Zhaoyi Innovation’s periodic reports finds that in the fourth quarter of 2025, Wang Ping added at least 1.45 million shares of Zhaoyi Innovation. Based on Zhaoyi Innovation’s interval average price of over RMB 214 per share, Wang Ping spent more than RMB 300 million.

Muxi Shares, in which Guo Weidong holds a market value of more than RMB 8.3 billion, was listed on December 17, 2025. Guo Weidong invested in the company before its IPO. According to the announcement, in February and March 2025, Guo Weidong invested RMB 300 million and RMB 500 million, respectively, in the company by way of capital increase to become a shareholder. In addition, Chaos Investment, controlled by Guo Weidong, invested in Muxi Shares starting in 2022.

According to JAC Motor’s annual report, in the fourth quarter of 2025, Wang Ping increased her stake in the company by 1.25 million shares, while Ge Guilian’s holdings remained unchanged. In addition, on February 10, 2026, a report on the issuance of the private placement disclosed by JAC Motor shows that Guo Weidong spent approximately RMB 1 billion to subscribe for 20.0481 million shares. According to the announcement, the issue price was RMB 49.88 per share. The latest share price was RMB 44.53. The portion of Guo Weidong’s participation in the additional issuance is already in an unrealized loss position.

Positioning for the three major tracks

From the companies in which Guo Weidong’s family holds positions, they can roughly be divided into three tracks, covering technology, manufacturing, and consumption respectively.

First is the hard technology sector, represented by Muxi Shares and Zhaoyi Innovation. This is the core offensive position, focusing on national strategic emerging industries, with a strong emphasis on high growth, high elasticity, and gearing up for a new era of technology investment.

Among them, Muxi Shares is a domestic high-end GPU and AI computing power chip company. Benefiting from the explosion in AI computing power, it enjoys strong policy support. Its features include high technical barriers, high growth early on, high elasticity, and high odds.

Zhaoyi Innovation, meanwhile, is a long-term holding target for Guo Weidong. This semiconductor industry leader appeared on Zhaoyi Innovation’s top ten tradable shareholders list as early as the end of the second quarter of 2018. After that, Guo Weidong gradually increased his holdings. Even though Zhaoyi Innovation’s stock price performance has been extremely volatile—its highest price in mid-2021 exceeded RMB 230 (pre-rights adjusted price)—and in early 2024 it fell to around RMB 55 at one point, Guo Weidong’s holdings have always been above 17 million shares.

Below is the history of Guo Weidong’s holdings over the past more than five years:

Second is the high-end manufacturing sector, including Megmeet, JAC Motor, Xinquan Shares, and others—all of which are steady growth companies with technology-driven momentum.

Among these companies, Megmeet focuses on power transformation, automation control, and applications. In the past two years, the company has made a forward-looking layout for AI power supplies and has already formed a complete product layout system. A research report from Guotai Junan believes that the relevant power supply market associated with NVIDIA is over RMB 8B. With technology iteration accelerating, the company is expected to gain market share amid change. In addition, the company also has prospects of entering supply systems of companies such as Google and Amazon.

Xinquan Shares is a core automotive components company. Its seat business continues to break through, and it has established a robot subsidiary, laying out key robot components business and building a second growth curve. A research report from CICC believes that the company is expected to expand product categories to drive business growth, while in the robotics field it is also positioned to bind core customers and fully leverage its competitive advantages in globalization.

JAC Motor is a target in the new energy vehicle sector, and it has deep cooperation with Huawei. According to a research report from Northeast Securities, the Zunjie S800 was launched on May 30, 2025. In full-year 2025, deliveries exceeded 13k units. It has remained at the top of the sales ranking for luxury sedans with over 700k units consistently for multiple months, with an average selling price close to RMB 800k. It has successfully set a new benchmark for domestically produced ultra-luxury new energy vehicles.

Third is the new consumption sector, including Wanchen Group and Shaoxing Shanhui, among others.

Among them, Wanchen Group is a leading brand in the snack value-pack retail channel. Relying on the value-pack retail channel business model, the company has rapidly expanded nationwide coverage in a relatively short time. Its snack value-pack retail business revenue scale continues to grow, and performance has continued to deliver steadily. According to the company’s annual report, in 2025 revenue was RMB 8B, up 59.17% year over year; net profit was RMB 8B, up 358.09% year over year. Profitability exceeded expectations.

From Guo Weidong’s holdings, focusing on the main line of technology development, he has deeply deployed technology that is independently controllable, high-end manufacturing upgrades, and new consumption. Within this, the technology innovation sector has been heavily weighted and aggressively positioned. Especially Zhaoyi Innovation, with a heavy stake held for as long as eight years. Perhaps, in Guo Weidong’s view, focusing on the prevailing trend of the times is crucial. Only by anchoring to the main line and looking ahead to the future can complex issues be simplified, and opportunities can truly be seized.

In an interview earlier, Guo Weidong said that in 1996 to 1997, he and a friend each invested in Sichuan Changhong and Shenzhen Development respectively. These two stocks, after more than a year, both increased by 10 times at the same time, but in the end he only made 3 times—far less than his friend. This made him realize that one must not pay attention to small fluctuations. When investing in stocks is like finding a gold mine, only by holding firmly can one truly seize major opportunities.

	(Source: Shanghai Securities News)