Ge Weidong's latest holdings revealed: related parties and affiliated institutions' shareholdings are also coming to light

A-shares listed companies’ 2025 annual report disclosures are entering a busy period, and the holdings map of many well-known investors is gradually becoming clear.

Data show that as of April 6, well-known investor Ge Weidong and his affiliates and related entities have appeared on the shareholder lists of multiple A-share listed companies. Among them, Ge Weidong directly holds four stocks as major positions, and the number of shares he held at the end of 2025 remained unchanged compared with the end of the third quarter of 2025.

Continue to lock in two flagship tech stocks

According to data from Hong Kong and Macao Information, as of April 6, based on information of A-share listed companies that have already disclosed their 2025 annual reports, as of the end of 2025, Ge Weidong appeared in the top 10 shareholders or top 10 tradable shareholders lists of four A-share companies, including Zhaoyi Innovation, Muxi Shares, Shaoxing Liquor, and MicroPort Physiological. In addition, in February this year, Ge Weidong spent RMB 1 billion to subscribe to the private placement shares of Jianghuai Automobile.

It is worth noting that in the two flagship tech stocks, Zhaoyi Innovation and Muxi Shares, the shareholding amount held by Ge Weidong at the end of 2025 remained “unchanged” compared with the end of the third quarter of 2025.

Public information shows that Zhaoyi Innovation is a star stock in memory chips, while Muxi Shares is a leading GPU chip company. As of the end of 2025, Ge Weidong’s shareholding amounts in these two stocks were 17.0267 million shares and 14.3382 million shares respectively, corresponding to reference market values (calculated based on the closing price at the end of 2025) of approximately RMB 3.65B and RMB 8.32B respectively.

Since the second half of 2025, Ge Weidong’s key holdings. Data source: Hong Kong and Macao Information; time as of 14:00 on April 6

Public information shows that Ge Weidong newly bought 4.9715 million shares of Shaoxing Liquor, a well-known yellow wine company, in the second quarter of 2025. As of the end of 2025, the number of shares held remained unchanged. In the third quarter of 2025, Ge Weidong newly bought 3.5478 million shares of MicroPort Physiological. As of the end of 2025, the number of shares Ge Weidong held in MicroPort Physiological remained unchanged.

Shareholdings by affiliates and related entities also come into view

It is worth noting that in the fourth quarter of 2025, Ge Weidong kept unchanged in part of his own key holdings, while his affiliates and related entities in that quarter also basically remained in a “wait-and-see” stance.

Specifically, Wind data show that as of the end of 2025, Ge Guilian (Ge Weidong’s relative) held four stocks: Wanchen Group, Jianghuai Automobile, Shaoxing Liquor, and Megmity. The shareholding numbers in question remained unchanged compared with the end of the third quarter of 2025.

In addition, as of the end of 2025, Shanghai Chaosun Investment (Group) Co., Ltd. controlled by Ge Weidong continued to hold 12.5997 million shares of Muxi Shares, also remaining unchanged.

Analysts said that based on disclosed public information, Ge Weidong and his affiliates and related entities made almost no changes to their existing core holdings in the fourth quarter of 2025. To a large extent, this indicates that their confidence in the core long-term holdings remains stable. Overall, their holdings remain concentrated in areas such as semiconductors, consumer sectors, and pharmaceuticals, which aligns with their investment style of focusing on hard-tech growth for long-term plans while also taking traditional industries into account.

It is worth noting that recently, a business and industrial change occurred involving Galaxy Aerospace, a well-known commercial aerospace enterprise. The company name was changed from “Galaxy Aerospace (Beijing) Network Technology Co., Ltd.” to “Galaxy Aerospace (Beijing) Technology Group Co., Ltd.” Ge Guilian became a shareholder, with a shareholding ratio of 2.3086%. After previously making a big profit from investing in Muxi Shares in the primary market, this move further shows the Ge Weidong team’s early layout thinking for the hard-tech track.

（Source: China Securities Journal）