Investment veteran Ge Weidong and his associates' stock holdings have been disclosed through recent corporate filings. As listed companies release their annual reports, Ge Weidong's investment positions have come to light.
According to the data, Ge Weidong himself, along with his related parties Wang Ping and Ge Guilian, appear in the top ten circulating shareholders lists of eight listed companies. The investment focus of Ge Weidong's family is concentrated across three major sectors: hard technology, advanced manufacturing, and consumer goods.
Ge Weidong personally appears as a top ten circulating shareholder in four companies: GigaDevice, Dawn Numeral Innovation, Kuaijishan, and MicroElectro Physiology. His shareholdings in these four companies remained unchanged at the end of 2025 compared to the end of the third quarter of 2025.
Among these four stocks, GigaDevice represents Ge Weidong's largest holding by market value. He holds 17.03 million shares of GigaDevice, with a year-end holding value of approximately 3.648 billion yuan. His second-largest holding is Dawn Numeral Innovation, with 2.416 million shares valued at 172 million yuan at the period's end.
GigaDevice has been a long-term holding for Ge Weidong. He first appeared among its top ten circulating shareholders back in the second quarter of 2018, holding 2.524 million shares as the eighth-largest circulating shareholder. By the end of 2020, his holding had increased to 21.1 million shares.
Starting from the third quarter of 2021, Ge Weidong began strategically reducing his position in GigaDevice as the company's share price experienced an upward trend. This reduction continued until the end of 2022. In September 2024, GigaDevice's share price emerged from a downward cycle, after which Ge Weidong's shareholding stabilized until a minor reduction of 1.69 million shares in the third quarter of 2025. His holding quantity remained unchanged in the fourth quarter.
Regarding Dawn Numeral Innovation, a leading company in liquid-cooled data center infrastructure, Ge Weidong newly entered its top ten circulating shareholders list at the end of the third quarter of 2025. Despite the market value of his position shrinking from 218 million yuan at the end of Q3 to 172 million yuan, he chose to maintain his holding, keeping the number of shares unchanged.
Furthermore, Ge Weidong has positions in the consumer and medical sectors, holding 4.9715 million shares of Kuaijishan and 3.548 million shares of MicroElectro Physiology, respectively. The quantities for both holdings remained stable compared to the end of the third quarter of 2025.
It is important to note that, based on the top ten shareholders list (not just circulating shareholders), Ge Weidong's largest current holding is in MXIC. He personally holds 14.3382 million shares of MXIC, with a holding value of approximately 8.318 billion yuan as of the end of 2025.
Public information shows that Ge Weidong's involvement with MXIC through HunTun Investment began during its Pre-B round financing in 2022. He subsequently participated in multiple capital increases or equity transfers. Between February and March 2025, he made two additional personal investments totaling 800 million yuan to acquire the 14.3382 million shares. In terms of shareholding ratio, Ge Weidong, through personal and HunTun Investment holdings, collectively owns 6.73% of MXIC.
Apart from Ge Weidong himself, the holdings of his associates have also been disclosed. Wang Ping, the second-largest shareholder of Shanghai HunTun Investment (Group) Co., Ltd., holding a 10.6328% stake, appears in the top ten circulating shareholders lists of five companies: GigaDevice, Jianghuai Automobile, Xinquan Automotive Trim, MicroElectro Physiology, and Jialitu.
In this latest disclosure, Wang Ping newly entered the top ten circulating shareholders of GigaDevice. By the end of 2025, Wang Ping held 7.5567 million shares, with a period-end holding value of 1.619 billion yuan.
Wang Ping also newly appeared among the top ten circulating shareholders of Xinquan Automotive Trim, holding 7.911 million shares valued at 584 million yuan at the period's end. Information shows that Xinquan Automotive Trim is a provider of comprehensive automotive interior trim solutions with a relatively complete product series.
Compared to the end of the third quarter of 2025, Wang Ping's holding in MicroElectro Physiology remained unchanged, while positions in Jianghuai Automobile and Jialitu were increased.
Additionally, at the end of the third quarter of 2025, Wang Ping held 30.54 million shares of Sugon. By the end of 2025, she no longer appeared in Sugon's top ten circulating shareholders list. The tenth largest circulating shareholder of Sugon at the end of 2025 held 13.036 million shares, indicating that Wang Ping significantly reduced her position in Sugon by at least over 17 million shares.
Ge Weidong's relative, Ge Guilian, also appears in the top ten circulating shareholders lists of three companies: Jianghuai Automobile, Wanchen Group, and Kuaijishan. Compared to the end of the third quarter of 2025, Ge Guilian's shareholdings in these stocks remained unchanged.
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