1) From 1996 through 2001, Chinese stock market experienced a great bullish market for as long as five years. Shanghai A share index went up from 500 point to 2200 point, with a growth over 340%. Co-Power’s investment received excellent return on investment.
2) Between June 2000 and May 2001, B Share exploded. The company bought in B share of Shenzhen Chiwan at price of about 3 HK dollars in June 2000 and sold out at 9 dollars or so. Later in may 2001, the company rebought at price of about 7 dollars in may 2003 and sold out at about 24 dollars in may 2005. Co-Power’s investment in Shenzhen Chiwan Wharf Holdings Ltd. B Share received more than 800% return.
3) In 2001, Co-Power exited domestic B share market, and focused on Hong Kong H Shares. Since Co-Power underwent the Asian Financial Crisis in 1997, and witnessed 15% drop in stock index. In 2002 when H share index went up 13.2% while Hengseng index dropped 18.2% during the same time period, Co-Power made a strategy change which was based on the “Risk Control and Opportunity Selection” principle, and finally got return in that period was about 25%.
4) In the beginning of 2003, Hong Kong Stock Exchange was severely affected by SARS, when Hang Seng Index dropped to 8300, from 9320 in the end of 2002. In March 2003, the market started to revive. The Hang Seng Index was up 35% in 2003. The Chinese State-Owned H Share index went up more than 152%. Co-Power yielded an astonishingly 410% return in year 2003.
5) In year 2004, Co-Power continued its works in Hong Kong Stock Market. An over 45% combined return on investment was achieved during that period. The investment involved following areas: Denway Motors Limited(2003.5 ~ 2004.4, ￥3.7 ~￥8.2 per share, got 120％return), Kingdee International Software Group Co., Ltd. (2003.9 ~ 2008.4 ￥1.6 ~￥8.1), Anhui Conch Cement Co., Ltd (2003.5 ~ 2004.4 ￥3.4 ~￥11, got 220%return).
6) In 2005, domestic A share market started to come back. Since November 2005, Co-Power concentrated its capital and invested China Vanke Co., Ltd., China Merchants Bank (2005.11). In the mean while, in the international stock markets, Co-Power purchased Toyota Automobile shares, and dumped General Motor shares. 30% return was achieved in 2005.
7) In the beginning of 2006, domestic share redistribution has been completed. In the A share market, Co-Power held China Vanke Co., Ltd., China Merchants Bank, Co-Power also invested in Hong Kong Stock Market, such as China Life Insurance Company, and CITIC International Financial Holdings Ltd. Over 220% return was achieved in the year.
8) In may 2007, Co-Power rebought shares of CITIC Securities Company Limited(about ￥55 ps), and settled all A shares and withdrew completely from A share market later in August, awaited another investment opportunity with funds.
9) September 2008, when Shanghai index went to around 2300 points, Co-Power returned to the A-share market and concentrated its capital in financial stocks.
10) In March 2009, when Hong Kong Hang Seng Index went to 11500 points, Co-Power returned to Hong Kong stock market(investment main varieties: Kingdee International, Belle International, Tencent Holdings, Anta Sports… ), and earned more than 300%.