Equity investment quietly emerges in the A-share market. On January 23, the stock price of Anhui-listed company TongYuan Environment (688679.SH) once again surged significantly, reaching 54.65 yuan per share intraday, a gain of 3.50%, hitting a new historical high. Tracing the start of this rally, since January 9, this STAR Market enterprise's stock price began a rapid ascent. On January 12, TongYuan Environment's stock price hit the daily limit-up (20%); on January 13, the company appeared on the Dragon and Tiger List due to a 30% price deviation over three consecutive trading days. As of now, the company's stock price has accumulated a gain of 111.74%.
The powerful surge in TongYuan Environment's stock price is likely driven by an announcement regarding a share transfer. Wang Xiaodong and Longkou Dongqi each hold a 5.02% stake. On January 9, TongYuan Environment announced that its controlling shareholder, Yang Ming, and his acting-in-concert party, Anhui Yuantong Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Yuantong Investment"), jointly signed a "Share Transfer Agreement" with Wang Xiaodong and Longkou Dongqi Investment Service Partnership (Limited Partnership) (hereinafter referred to as "Longkou Dongqi"). Yang Ming and Yuantong Investment collectively transferred 13.22 million unrestricted tradable shares of the listed company to Wang Xiaodong and Longkou Dongqi, with an agreed transfer price of 22.16 yuan per share, resulting in a total transfer consideration of approximately 293 million yuan. Upon completion of the transfer, Wang Xiaodong and Longkou Dongqi each hold a 5.02% stake in the listed company.
TongYuan Environment stated that this agreement transfer is based on the company's strategic development needs, aiming to continuously optimize the shareholder structure and introduce investors who recognize the company's development plans, future prospects, and long-term investment value. The aforementioned announcement shows that Wang Xiaodong was born in 1976, with his domicile located at No. 28 Tonghai Road, Longkou City, Shandong Province; Longkou Dongqi engages in investment activities using its own funds, is registered in Longkou City, Yantai City, Shandong Province, and has capital contributions of 40 million yuan from Fang Jie, 40 million yuan from Feng Xiaowei, and 20 million yuan from Wang Xiaodong.
It is worth noting that, according to information previously disclosed by Zhongji Innolight, the son of its actual controller, Wang Wei Xiu, is named Wang Xiaodong, and his domicile is also on Tonghai Road in Longkou City, Shandong Province. Furthermore, according to relevant announcements, Wang Xiaodong serves as a director and executive vice president of Zhongji Innolight.
As a "one-stop environmental solution provider," TongYuan Environment's main business covers traditional environmental protection projects such as solid waste treatment, sewage remediation, and soil restoration. Financial data shows that from 2022 to 2024, TongYuan Environment achieved operating revenues of 1.277 billion yuan, 1.491 billion yuan, and 1.600 billion yuan, respectively, with net profits attributable to the parent company's shareholders of 46 million yuan, 32 million yuan, and 22 million yuan, respectively. The investment platform matrix is gradually being rolled out. As the AI wave sweeps across the global technology industry, Zhongji Innolight, a leading company in the optical module sector, has capitalized on the trend, becoming a focal point for market capital. On December 25, 2025, Zhongji Innolight's stock price reached a high of 658.8 yuan per share, representing an increase of over 33 times compared to the price of 18.91 yuan per share at the beginning of 2023.
Behind this massive surge lies the deep positioning and continuous accumulation of positions by institutional funds. With the conclusion of the disclosure of public offering fund quarterly reports for Q4 2025, data indicates that public fund positions in Q4 2025 were focused on core sectors like electronics and power equipment. Zhongji Innolight and Xinyisheng surpassed Contemporary Amperex Technology and Tencent Holdings to become the top two largest holdings by allocation in actively managed equity funds. Accompanying this is the growth in wealth of the actual controller Wang Wei Xiu's family behind it. In 2023, Wang Wei Xiu and his son Wang Xiaodong made their debut on the Hurun Rich List, with an estimated family wealth of approximately 15 billion yuan at that time; in 2024, the family wealth rose to 19.5 billion yuan, showing strong growth momentum; by the release of the "2025 Hengchang Shaofang · Hurun Rich List," Wang Wei Xiu and Wang Xiaodong forcefully entered the list at the 73rd position with a net worth of 68 billion yuan, achieving not only a leap in wealth but also becoming the "new richest family in Yantai." Simultaneously, since the end of 2024, the Wang Wei Xiu family has begun making frequent external investments. In November 2024, the family's capital platform, Shandong Zhongji Investment Holding Co., Ltd. (hereinafter referred to as "Zhongji Investment"), committed 70 million yuan to invest in a product under Yantai Yuanhe Equity Investment Fund Management Co., Ltd. In 2025, Zhongji Investment jointly established Shanghai Yunji Tianze Enterprise Management Co., Ltd. (hereinafter referred to as "Yunji Tianze") with Wang Xiaodong. Subsequently, Zhongji Investment, Yunji Tianze, and Wang Xiaodong successively jointly established four partnership enterprises.
Overall, from building a diversified matrix of investment platforms to making a cross-sector investment in the STAR Market company TongYuan Environment, the expansion path of the Wang Wei Xiu family's capital footprint is becoming clearly visible.
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