Kong Jianping’s Changxin Technology stake reaches about RMB 940 million
Public market data show the Nano Labs founder’s indirect holding through Yifang Changda Fund was worth about 940 million yuan at CXMT’s July 27 opening price, implying a roughly 44-fold paper gain.
Fact Check
Three independent outlets (Odaily, BlockBeats, PANews) report the exact same figures matching the claim: ~18.98M CXMT shares via Yifang Changda Fund, ~940M yuan value at the 49.5 yuan opening price, and ~44x paper gain, all citing the same regulatory disclosure PDF. Eastmoney independently confirms CXMT's July 27, 2026 STAR Market listing, the 465.82% first-day surge, and the ~3.27 trillion yuan market cap, validating the price basis. The consistency across sources and confirmation of the underlying market data make the claim highly likely true. Confidence is high but slightly tempered because the individual-holding figures trace to a single primary disclosure rather than multiple independent origins.
Summary
Kong Jianping, founder and chairman of Nano Labs, indirectly holds about 18.982 million shares in CXMT through Yifang Changda Fund, according to public market data cited on July 27. Based on CXMT’s opening price of CNY 49.5 per share, the stake was worth about CNY 940 million, implying a paper return of roughly 44 times on the CNY 21.34 million he subscribed to the fund. The figures underscore the scale of the unrealized gain tied to the indirect investment.
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