As A-share companies gradually release their 2026 interim reports, the investment adjustments of renowned retail investor Ge Weidong and his family members have come to light. As of August 24, a review of their Q2 holdings reveals a strategy characterized by "holding core positions while diversifying operations," with collective increases in semiconductor leader GIGADEVICE and selective expansion into new targets.

Ge Weidong Raises Stake in GIGADEVICE, Maintains JAC Motors Position

Ge Weidong currently appears among the top ten shareholders of two listed companies: GIGADEVICE and JAC Motors, holding 16.4467 million shares and 30.4935 million shares respectively, with a combined portfolio value of 14.192 billion yuan based on end-June prices. Compared to the end of Q1, GIGADEVICE saw a contrarian increase in holdings. Ge Weidong's stake in GIGADEVICE rose from 2.32% to 2.34%, adding approximately 185,100 shares during the period. Based on the June 30 closing price, this position was valued at around 13.404 billion yuan.

Ge Weidong first appeared in GIGADEVICE's 2018 interim report with 2.524 million shares, ranking as the company's eighth-largest floating shareholder. Over the following eight years, despite industry cycles and stock price fluctuations, he consistently increased and maintained his core position, representing a notable case of long-term holding of a tech leader in the A-share market. During Q2, GIGADEVICE's stock surged over 240%, briefly exceeding 800 yuan per share. However, since late June, as the tech sector has faced corrections, the stock has fallen to 381.66 yuan as of August 24.

Regarding his other major holding, JAC Motors, Ge Weidong's position remained unchanged at 30.4935 million shares, representing a 1.35% stake. In stark contrast, another well-known retail investor chose a "firm exit." According to JAC Motors' interim report, Zhang Jianping's wife Fang Wenyan's holdings have been reduced to 23.4602 million shares, selling nearly all non-restricted shares.

Related Party Holdings Exposed, New Positions in Two Stocks

Ge Weidong's wife, Wang Ping, was more active in Q2, appearing among the top ten shareholders of six listed companies: Suotong Development, Hewang Electric, GIGADEVICE, JAC Motors, Xinquan Shares, and Sinoma Science & Technology, with a combined portfolio value exceeding 10 billion yuan. Aligned with Ge Weidong's direction, Wang Ping increased her stake in GIGADEVICE by 1.0327 million shares during Q2. Additionally, she entered the top ten shareholder lists of Sinoma Science & Technology and Hewang Electric, expanding her investment footprint. Her positions in Suotong Development and JAC Motors remained unchanged.

Notably, Wang Ping significantly reduced her holdings in Xinquan Shares. After adding over 5 million shares in Q1, her position dropped to 7.4418 million shares by end of Q2, representing a sale of approximately 60% of her holdings. According to Xinquan Shares' interim report, the company generated revenue of 8.015 billion yuan in H1 2026, up 7.45% year-on-year, while net profit attributable to shareholders was 414 million yuan, down 1.9%.

Another related party, Ge Guiluan, appeared among the top ten shareholders of two companies in Q2: JAC Motors and Xinquan Shares. Ge Guiluan also kept her JAC Motors position unchanged but newly entered Xinquan Shares' top ten shareholders with 3.8117 million shares. Meanwhile, another related party, Ge Guilan, holds 12.6221 million shares of JAC Motors, unchanged from the end of Q1.

JAC Motors has been in a continuous correction since May, with its stock price halving from the year's high. If the Ge Weidong family maintains their positions unchanged, they face substantial unrealized losses. On the evening of August 19, JAC Motors released its 2026 interim report. The report shows H1 revenue of approximately 22.13 billion yuan, up 14.31% from 19.36 billion yuan in the same period last year. However, net profit attributable to shareholders was approximately -749 million yuan, compared to a loss of 773 million yuan in the prior year period, narrowing the loss by 24 million yuan.

Regarding the reasons for the loss, JAC Motors previously stated in its H1 performance warning that three factors contributed: intensifying market competition led to a decline in sales volume year-on-year; losses from associates resulted in overall investment income of approximately -130 million yuan; and exchange rate fluctuations pushed financial expenses to around 140 million yuan, with exchange gains decreasing by approximately 390 million yuan year-on-year.