Only 23 years old! The super bullish investor's "new star" makes a move, with unrealized gains exceeding 41 million

A-shares market features many successful investors, with young talents emerging.

In recent years, a prominent investor named Wang Zixu has been very active in the capital markets. He frequently appears in legal auctions and secondary markets, investing hundreds of millions of yuan. However, little is known about his personal background. Securities Times·e Company reporter noticed that on the evening of March 10, Honghe Technology (603256) released an announcement revealing some of Wang Zixu’s personal information. According to the announcement, Wang Zixu was born in 2003, is only 23 years old, and resides in Shenyang City, Shenhe District. Based on the first six digits of his ID number, he is from Shenyang.

In this transaction, Wang Zixu subscribed to 1,249,700 shares of Honghe Technology’s private placement at 40.01 yuan per share, totaling nearly 50 million yuan. His unrealized profit exceeds 41 million yuan.

Unrealized profit over 41 million yuan

Honghe Technology’s main business is the research, production, and sales of high-end electronic-grade glass fiber fabrics (hereafter “electronic fabrics”) and electronic-grade glass fiber yarns. Electronic fabrics are woven from specific specifications of glass fiber yarns and are core materials for manufacturing copper-clad laminates (CCL) and printed circuit boards (PCB). By 2025, driven by AI computing power and high-speed communications, a price increase trend is expected to continue in the electronic fabric sector, with industry scale both in production and sales expanding.

Honghe Technology’s 2025 annual performance forecast shows the company expects net profit between 193 million and 226 million yuan, an increase of 170 million to 203 million yuan from the previous year, representing a year-on-year growth of 745% to 889%.

According to the plan, the 995 million yuan (total fundraising amount) from this private placement will be used for the “High-Performance Glass Fiber Yarn Production Line Construction Project,” “High-Performance Special Glass Fiber R&D Center Construction Project,” and to supplement working capital and repay loans.

The listed company believes that, benefiting from the steady recovery of the global PCB market and the continuous expansion of electronic fabric market size; with the rapid development of AI and high-frequency communication technologies, demand for high-performance electronic fabrics will continue to grow. The implementation of these fundraising projects will enhance the company’s supply of high-performance electronic fabrics and seize market opportunities.

Regarding stock prices, since June 2025, Honghe Technology’s stock has been rising steadily, with a total increase of over 555%. As of the close on March 10 this year, the stock price was 73.43 yuan per share. Based on this, Wang Zixu’s investment has an unrealized profit of over 41 million yuan.

From Honghe Technology’s announcement, the shares purchased by investors in this private placement will be locked for six months. Whether Wang Zixu can convert his unrealized gains into actual profits remains to be seen.

Frequent legal auction participant, top investor

Wang Zixu is one of the emerging top investors in the A-share market in recent years.

According to data from Oriental Fortune Choice, Wang Zixu appeared in the third-quarter report of China Gold Group (CNGold) in 2021. At that time, he held 37.59 million shares of China Gold, making him the ninth-largest shareholder. If this person is the same as the one involved in Honghe Technology’s private placement, it indicates he entered the market at only 18 years old.

In recent years, Wang Zixu has gradually invested in stocks such as *ST Dasheng, Jintuo Shares, Shuguang Shares, Ankong Technology, and Xiamen Tungsten. As of the end of September last year, he ranked among the top ten shareholders or circulating shareholders of companies like Dezhang Health, Jinnui Mining, Ankong Technology, Yukang Pharmaceutical, Wenfeng Shares, and Jinlong Shares. Assuming his holdings have not changed, based on current stock prices, his total holdings are valued at approximately 1 billion yuan.

Notably, many of Wang Zixu’s holdings were acquired through legal auctions.

In June 2025, Wang Zixu bid 154 million yuan to acquire 14.383 million shares of Jinxing Mining held by Jinxing Mining, accounting for 4.99% of the company’s total shares. In July 2025, he paid 155 million yuan to buy 8.498 million shares of Yukang Pharmaceutical, representing 1.89% of the total. In October last year, he spent a total of 137 million yuan in three transactions to acquire 15 million shares of Yongshan Lithium, holding a 2.94% stake; in November, he bid 108 million yuan for 20 million shares of Hainan Haiyao, accounting for 1.54% of the company.

In February this year, Wang Zixu bid 105 million yuan to acquire 49.2438 million shares of ST Jinglan, representing 1.69% of the company.

According to media reports in early March, Wang Zixu participated in four judicial auctions of Jinlong Shares since last year, acquiring a total of 27.5 million shares with a total expenditure of about 305 million yuan.

Besides participating in legal auctions, Wang Zixu also purchased 44.226 million shares of Beixin Road and Bridge through private placement in December last year, becoming the third-largest shareholder. In February, he spent about 80 million yuan to subscribe for 11.6788 million shares of Fushen Shares’ private placement. During the same period, he also subscribed to 5.3163 million shares of Zhongbei Communication, investing nearly 100 million yuan.

However, the private placement prospectuses of these companies only disclose that Wang Zixu’s address is in Shenhe District, Shenyang, without revealing his age.

Additionally, Wang Zixu participated in inquiry/filing for private placements of companies like Lingyun Guang, Suyuan Jing Shen, Lu Kang Medical, and Nanjing Securities but did not actually subscribe.