[Today's Guide]
> State Council introduces policies to maintain investment, infrastructure projects to speed up
> Securities companies increase investment in CSF, Short supply drives caustic soda price high
> Focus Media goes backdoor listing through Hedy Holding, Kangsheng Investment Management bought shares of Annada Titanium Industry to 5 pct limit
> Lvjing Holding to raise 10 billion yuan to develop medial industry, State Construction Engineering and other companies see shareholding increases
[SSN Focus]
○ State Council introduces policies to maintain investment, infrastructure projects to speed up
------
Chinese Premier Li Keqiang chaired the executive meeting of the State Council on Sept. 1, requiring adjusting and improving the capital proportion system in fixed assets investment project. It will reduce the minimum capital proportion requirement in ports, shipping, airports, railway, road, urban rail transit and other projects by 5 percentage points. For urban underground comprehensive pipeline and other significant projects of the state approved by the State Council, the capital proportion can be further reduced appropriately.
Comment: The requirement on reducing the minimum capital proportion requirement can initiate more projects, which is a directly effective measure to boost investment. China adopted similar measures in the global financial crisis in 2009 last time. Compared with last time, it explicitly required higher capital proportion for industries with excessive capacity, such as the iron and steel, cement and other industries. It highlights maintaining growth while emphasizes restructuring. With the initiation of various infrastructure projects concerning the national interest and people's livelihood, the traffic facilities construction, railway equipment, drainage pipe materials and other relevant industries are expected to see more market opportunities.
◆ The executive meeting also determined to establish a national small- and medium-enterprise development fund with a total scale of 60 billion yuan, which will felicitate the government in joining the market to strengthen the impetus in entrepreneurship and innovation. It will plan the establishment of the diagnoses system with different levels and improve the access to quality medical resources. It also passed the Law on Promoting the Film Industry of the People's Republic of China (Draft), which boost the healthy development of the film industry.
[SSN Selection]
○ Chinese Vice-Premier Wang Yang recently conducted an inspection on agriculture and rural work in Jilin Province, proposing to explore the participation of farmers in large-scale and industrialized operation with land.
○ The central bank has injected short-term capitals through reverse repo and short-term liquidity operation (SLO) in six consecutive trading days. Institutions predict that it may continue to cut the interest rates and reserve requirement ratio to guarantee sufficient liquidity in the future.
○ Hong Kong Monetary Authority initially intervened the Hong Kong dollar exchange rate for the first time in over 4 months, possibly due to the international funds' returning to the Hong Kong stock market.
○ Last week, the proportion accounts participated in trading dropped to 27.79 percent from the 36.27 percent in the previous week with slight changes in the position proportion.
○ Two ministries jointly issued the notice to boost the development of green building materials, proposing to reach a proportion of 30 percent in newly buildings in 2018.
[Trading Trends]
○ Securities companies increase investment in CSF
------
Various securities companies, including Huatai Securities Co., Ltd. (601688.SH), CITIC Securities Company Limited (06030.HK; 600030.SH), Gf Securities Co., Ltd. (01766.HK; 000776.SZ), China Merchants Securities Co., Ltd. (600999.SH) and Orient Securities Company Limited (600958.SH), announced on Sept. 1 that they would continue the profit swap with the China Securities Finance Corporation Limited (CSF) and would increase the blue-chip stocks and other equities products purchased by the CSF to 20m percent of their net assets. Guotai Junan Securities Co., Ltd. (601211.SH) firstly announced that on Sept. 1 noon. Analysts believe that it will inject new blood to A shares and will facilitate the recovery of the market.
◆The trading volume ranking list on Sept. 1 shows that two institutional seats bought Guosen Securities Co., Ltd. (002736.SZ) with 72.31 million yuan, accounting for 5.52 percent of its intraday turnover. The Beijing headquarters of CITIC Securities also bought with 540 million yuan. Analysts believe that the company's brokerage and wealth management businesses enjoy outstanding leading advantages in the industry. After previous slumps, its valuation gradually enters a reasonable range. Changjiang Securities Company Limited (000783.SZ) announced that Guohua Life bought 48.05 million shares of the company from Aug. 24 to Sept. 1, accounting for 1.01 percent of the total share capital of the company.
[Industry Information]
○ Short supply drives caustic soda price high, certain regions see increase of 10 pct
------
SSN learnt that the caustic soda prices have been increasing recently and the eastern China and other regions even saw a maximum growth of nearly 10 percent, hitting a new high in recent years. A maximum growth of up to 30 percent is expected in the year. Relevant manufacturers indicated that the caustic soda prices are likely to continue to rise.
Comment: It is reported that the caustic soda price hike beating the expectation is mainly caused by two reasons. Firstly, the end demand gradually recovers. Secondly, with the approaching of the V-day parade, chlor-alkali enterprises in Hebei and Shandong Provinces reduced production, which resulted in short supply of products. In terms of listed companies, Befar Group Co., Ltd. (601678.SH) produces nearly 500,000 tons caustic soda annually. The sales revenue accounts for about 20 percent of the company's total revenue. Tangshan Sanyou Chemical Industries Co., Ltd. (600409.SH) produces nearly 500,000 tons caustic soda each year. It contributes a lot to the company's main profit.
○ MIIT ＆ NHFPC promote domesticization of medical equipment, leaders to see more supports
------
According to the latest news from the Ministry of Industry and Information Technology (MIIT) website, MIIT and the National Health and Family Planning Commission (NHFPC) jointly held a symposium on Aug. 31 to promote the development and application of Chinese medical equipment and signed a cooperative agreement. Miao Wei, the Minister of MIIT, attended the symposium and asked to give key support to a batch of advantageous enterprises, make breakthroughs in key medical equipment, its core components and software and significantly improve the industrialization ability and quality of domestic medical equipment. He also required pushing the participation of domestic medical equipment in influential hospitals for application and comparison validation and establishing a batch of demonstration bases for domestic medical equipment.
Comment: Data shows that China relies highly on imported mid- and high-end medical equipment. Foreign brands account for nearly 70 percent of the total market share. As the symposium proposed to support a batch of advantageous enterprises, it is predicted that industrial leaders with technical and competitive advantages will welcome more policy supports. Among the first batch of excellent domestic medical equipment selected are digitized X-ray machines and other products of China Resources Wandong Medical Equipment Co., Ltd. (600055.SH) and Shinva Medical Instrument Co., Ltd.(600587.SH). This suggests that the two companies rank among the top in the industry in terms of competitive strength.
○ Oil price recovery boost performance of companies in upper and down streams
------
The international oil prices have surged for three trading days. The London Brent oil price hiked 25.5 percent and the New York crude oil price surged 27.5 percent. Analysts believe that the crude oil price has reached the bottom at 40 U.S. dollars per barrel and is expected to see a round of slight recovery. In particular, the Organization of the Petroleum Exporting Countries (OPEC) issued a communique on Monday, indicating that it would persuade other oil producers to achieve a "fair value" for crude oil and that the demand for crude oil in 2016 will "benefit the crude oil prices".
Comment: Institutes believe that if the oil price recovers, it will boost the performance of relevant companies. Geo-jade Petroleum Corporation (600759.SH) and Meidu Energy Corporation (600175.SH) in the upper stream will benefit most. Sinopec Shanghai Petrochemical Company Limited (00338.HK; 600688.SH) in the down-stream will see biggest potential. It is estimated that an increase of 10 U.S. dollars in the oil price, the EPS of Geo-jade Petroleum and Meidu Energy will increase 0.07 yuan/share and 0.06 yuan/share, respectively. The EPS of Sinopec Shanghai Petrochemical will increase 0.07 yuan/share.
[Announcement Interpretation]
○ Focus Media goes backdoor listing through Hedy Holding with RMB45.7 bln
------
Focus Media Holding Limited (FMCN.NASDAQ) plans to go backdoor listing through Hedy Holding Co., Ltd. (002027.SZ) by replacing its substantial assets, issuing shares, purchasing assets in cash and raising supporting funds. The deal was valued at 45.7 billion yuan. In breakdown, assets to be replaced were valued at 880 million yuan. Hedy will acquire the differences by issuing 3,814 million shares to all shareholders of Focus Media through private placement at a price of 10.46 yuan per share. In addition, Hedy proposes to raise supporting funds by issuing 439 million shares private placement at a price of no less than 11.38 yuan per share.
After the deal, Jiang Nanchun will become the actual controller of the company. Focus Media has built the largest urban media network in China. According to its commitment, Focus Media will respectively obtain a net profit of no less than 2,985 million yuan, 3,422 million yuan and 3,923 million yuan from 2015 to 2017 after deducting extraordinary gains and losses.
○ Kangsheng Investment Management bought shares of Annada Titanium Industry to 5 pct limit
------
Anhui Annada Titanium Industry Co., Ltd. (002136.SZ) announced that as of the close on Sept. 1, Xizang Kangsheng Investment Management Co., Ltd. held 10.75 million shares in the company, accounting for 5 percent of the company's total share capital. Kangsheng Investment Management indicated that it might further increase the shareholding in the company in the following 12 months. With a registered capital of 50 million yuan, Kangsheng Investment Management sees its 70 percent stake held by Shenzhen Greattown Financial Holdings Co., Ltd, a wholly-owned subsidiary of Greattown Holdings Ltd. (600094.SH), and the other 30 percent stake held by Shanghai Kangcheng Investment Management Co., Ltd.
○ Lvjing Holding to raise 10 billion yuan to develop medial industry
------
Lvjing Holding Co., Ltd. (000502.SZ) plans to raise more than 10 billion yuan by issuing 923 million shares at 10.89 yuan per share through private placement. The proceeds will be used for construction projects of Tongzhou International Tumor Hospital, Mingan Hospital in Nanning City, tumor precision medical center and children tumor hospital under Beijing Children's Hospital Group and to supplement working capitals. Yu Bin, the company's president, purchases shares valued at 800 million yuan, enterprises established by the company's directors and senior management buy shares valued at 600 million yuan. In addition, Tianan Life Insurance Co., Ltd, Shanghai Jihui Assets Management Co., Ltd. and New China Fushi Assets Management Co., Ltd. buys shares valued at 2.5 billion yuan, 2,353 million yuan, 1.3 billion yuan and 1.3 billion yuan respectively. During trading suspension, the SSE Composite Index closed at 3,300 points and the company's share price closed at 13.10 yuan.
Comment: The company announced the strategy of exit from real estate industry and transforming to medical service industry in March. After this deal, Tianan Life Insurance and Huiji Assets Management will become the largest and second largest shareholders of the company with their shareholding accounting for 20.72 percent and 19.50 percent respectively, and both promise to only make financial investments. Therefore, there will not be controlling shareholders and actual controllers in the company.
○ State Construction Engineering and other companies listed on main board see shareholding increases
------
China State Construction Engineering Corporation, the controlling shareholder of China State Construction Engineering Corporation Limited (601668.SH) increased the shareholding in the company by 10 million shares on Aug. 25. Guangzhou Highsun Enterprises Group Corporation, the controlling shareholder of Guangdong Highsun Group Co., Ltd. (000861.SZ), increased the shareholding in the company by 4 million shares at an average price of 5.7 yuan per share on Sep. 1. China Yintai Investment Co., Ltd., the substantial shareholder of Yintai Resources Co., Ltd. (000975.SZ), increased the shareholding in the company by 1 million shares on Sep. 1. During July 15 and Sep. 1, Hengdian Group Holdings Limited, the controlling shareholder of Apeloa Pharmaceutical Co., Ltd. (000739.SZ), increased the shareholding in the company by 11.65 million shares at an average price of 7.47 yuan per share, accounting for 1.02 percent of its total share capital.
Shanghai Lanhai Shangshou Medical Industry Co., Ltd., the substantial shareholder of China Shipping Haisheng Co., Ltd. (600896.SH), increased the shareholding in the company by 1.66 million shares on Sep. 1. China National Materials Storage and Transportation Corporation, the controlling shareholder of CMST Development Co., Ltd. (600787.SH), increased the shareholding in the company by 4.7 million shares from Aug. 22 to Sep. 1. Besides, Zhu Weiping, president of Guanhao Biotech Co., Ltd. (300238.SZ), increased the shareholding in the company by 2.1 million shares at an average price of 26.03 per share, totally valued at 54.83 million yuan.
○ Do-Fluoride Chemicals to expand capacity to meet demands for lithium batteries
------
Do-Fluoride Chemicals Co., Ltd. (002407.SZ) acquired 62 percent equities of ebei Hongxing Automobile Manufacturing Co., Ltd. with 50 million yuan. It has completed the procedures for the changes of the industrial and commercial registration. SSN reported that by now, 12,000 units of electric vehicles have been equipped with lithium batteries of Do-Fluoride Chemicals and another 1,000 units will be equipped every month in the second half. This will result in a short supply in lithium batteries. The company will start the production capacity of 100 million Ah lithium batteries in October and will reach the production capacity of 300 million Ah by the first quarter of next year. The problem of insufficient production capacity is expected to be relieved.
[Publication Suspension]
○ According to the trading suspension arrangement of the Shanghai and Shenzhen stock exchanges, this product will suspend publication on Sept. 2 and 3. The Strategy will suspend publication on Sept. 2. Both products will resume publication on Sept. 6.
> State Council introduces policies to maintain investment, infrastructure projects to speed up
> Securities companies increase investment in CSF, Short supply drives caustic soda price high
> Focus Media goes backdoor listing through Hedy Holding, Kangsheng Investment Management bought shares of Annada Titanium Industry to 5 pct limit
> Lvjing Holding to raise 10 billion yuan to develop medial industry, State Construction Engineering and other companies see shareholding increases
[SSN Focus]
○ State Council introduces policies to maintain investment, infrastructure projects to speed up
------
Chinese Premier Li Keqiang chaired the executive meeting of the State Council on Sept. 1, requiring adjusting and improving the capital proportion system in fixed assets investment project. It will reduce the minimum capital proportion requirement in ports, shipping, airports, railway, road, urban rail transit and other projects by 5 percentage points. For urban underground comprehensive pipeline and other significant projects of the state approved by the State Council, the capital proportion can be further reduced appropriately.
Comment: The requirement on reducing the minimum capital proportion requirement can initiate more projects, which is a directly effective measure to boost investment. China adopted similar measures in the global financial crisis in 2009 last time. Compared with last time, it explicitly required higher capital proportion for industries with excessive capacity, such as the iron and steel, cement and other industries. It highlights maintaining growth while emphasizes restructuring. With the initiation of various infrastructure projects concerning the national interest and people's livelihood, the traffic facilities construction, railway equipment, drainage pipe materials and other relevant industries are expected to see more market opportunities.
◆ The executive meeting also determined to establish a national small- and medium-enterprise development fund with a total scale of 60 billion yuan, which will felicitate the government in joining the market to strengthen the impetus in entrepreneurship and innovation. It will plan the establishment of the diagnoses system with different levels and improve the access to quality medical resources. It also passed the Law on Promoting the Film Industry of the People's Republic of China (Draft), which boost the healthy development of the film industry.
[SSN Selection]
○ Chinese Vice-Premier Wang Yang recently conducted an inspection on agriculture and rural work in Jilin Province, proposing to explore the participation of farmers in large-scale and industrialized operation with land.
○ The central bank has injected short-term capitals through reverse repo and short-term liquidity operation (SLO) in six consecutive trading days. Institutions predict that it may continue to cut the interest rates and reserve requirement ratio to guarantee sufficient liquidity in the future.
○ Hong Kong Monetary Authority initially intervened the Hong Kong dollar exchange rate for the first time in over 4 months, possibly due to the international funds' returning to the Hong Kong stock market.
○ Last week, the proportion accounts participated in trading dropped to 27.79 percent from the 36.27 percent in the previous week with slight changes in the position proportion.
○ Two ministries jointly issued the notice to boost the development of green building materials, proposing to reach a proportion of 30 percent in newly buildings in 2018.
[Trading Trends]
○ Securities companies increase investment in CSF
------
Various securities companies, including Huatai Securities Co., Ltd. (601688.SH), CITIC Securities Company Limited (06030.HK; 600030.SH), Gf Securities Co., Ltd. (01766.HK; 000776.SZ), China Merchants Securities Co., Ltd. (600999.SH) and Orient Securities Company Limited (600958.SH), announced on Sept. 1 that they would continue the profit swap with the China Securities Finance Corporation Limited (CSF) and would increase the blue-chip stocks and other equities products purchased by the CSF to 20m percent of their net assets. Guotai Junan Securities Co., Ltd. (601211.SH) firstly announced that on Sept. 1 noon. Analysts believe that it will inject new blood to A shares and will facilitate the recovery of the market.
◆The trading volume ranking list on Sept. 1 shows that two institutional seats bought Guosen Securities Co., Ltd. (002736.SZ) with 72.31 million yuan, accounting for 5.52 percent of its intraday turnover. The Beijing headquarters of CITIC Securities also bought with 540 million yuan. Analysts believe that the company's brokerage and wealth management businesses enjoy outstanding leading advantages in the industry. After previous slumps, its valuation gradually enters a reasonable range. Changjiang Securities Company Limited (000783.SZ) announced that Guohua Life bought 48.05 million shares of the company from Aug. 24 to Sept. 1, accounting for 1.01 percent of the total share capital of the company.
[Industry Information]
○ Short supply drives caustic soda price high, certain regions see increase of 10 pct
------
SSN learnt that the caustic soda prices have been increasing recently and the eastern China and other regions even saw a maximum growth of nearly 10 percent, hitting a new high in recent years. A maximum growth of up to 30 percent is expected in the year. Relevant manufacturers indicated that the caustic soda prices are likely to continue to rise.
Comment: It is reported that the caustic soda price hike beating the expectation is mainly caused by two reasons. Firstly, the end demand gradually recovers. Secondly, with the approaching of the V-day parade, chlor-alkali enterprises in Hebei and Shandong Provinces reduced production, which resulted in short supply of products. In terms of listed companies, Befar Group Co., Ltd. (601678.SH) produces nearly 500,000 tons caustic soda annually. The sales revenue accounts for about 20 percent of the company's total revenue. Tangshan Sanyou Chemical Industries Co., Ltd. (600409.SH) produces nearly 500,000 tons caustic soda each year. It contributes a lot to the company's main profit.
○ MIIT ＆ NHFPC promote domesticization of medical equipment, leaders to see more supports
------
According to the latest news from the Ministry of Industry and Information Technology (MIIT) website, MIIT and the National Health and Family Planning Commission (NHFPC) jointly held a symposium on Aug. 31 to promote the development and application of Chinese medical equipment and signed a cooperative agreement. Miao Wei, the Minister of MIIT, attended the symposium and asked to give key support to a batch of advantageous enterprises, make breakthroughs in key medical equipment, its core components and software and significantly improve the industrialization ability and quality of domestic medical equipment. He also required pushing the participation of domestic medical equipment in influential hospitals for application and comparison validation and establishing a batch of demonstration bases for domestic medical equipment.
Comment: Data shows that China relies highly on imported mid- and high-end medical equipment. Foreign brands account for nearly 70 percent of the total market share. As the symposium proposed to support a batch of advantageous enterprises, it is predicted that industrial leaders with technical and competitive advantages will welcome more policy supports. Among the first batch of excellent domestic medical equipment selected are digitized X-ray machines and other products of China Resources Wandong Medical Equipment Co., Ltd. (600055.SH) and Shinva Medical Instrument Co., Ltd.(600587.SH). This suggests that the two companies rank among the top in the industry in terms of competitive strength.
○ Oil price recovery boost performance of companies in upper and down streams
------
The international oil prices have surged for three trading days. The London Brent oil price hiked 25.5 percent and the New York crude oil price surged 27.5 percent. Analysts believe that the crude oil price has reached the bottom at 40 U.S. dollars per barrel and is expected to see a round of slight recovery. In particular, the Organization of the Petroleum Exporting Countries (OPEC) issued a communique on Monday, indicating that it would persuade other oil producers to achieve a "fair value" for crude oil and that the demand for crude oil in 2016 will "benefit the crude oil prices".
Comment: Institutes believe that if the oil price recovers, it will boost the performance of relevant companies. Geo-jade Petroleum Corporation (600759.SH) and Meidu Energy Corporation (600175.SH) in the upper stream will benefit most. Sinopec Shanghai Petrochemical Company Limited (00338.HK; 600688.SH) in the down-stream will see biggest potential. It is estimated that an increase of 10 U.S. dollars in the oil price, the EPS of Geo-jade Petroleum and Meidu Energy will increase 0.07 yuan/share and 0.06 yuan/share, respectively. The EPS of Sinopec Shanghai Petrochemical will increase 0.07 yuan/share.
[Announcement Interpretation]
○ Focus Media goes backdoor listing through Hedy Holding with RMB45.7 bln
------
Focus Media Holding Limited (FMCN.NASDAQ) plans to go backdoor listing through Hedy Holding Co., Ltd. (002027.SZ) by replacing its substantial assets, issuing shares, purchasing assets in cash and raising supporting funds. The deal was valued at 45.7 billion yuan. In breakdown, assets to be replaced were valued at 880 million yuan. Hedy will acquire the differences by issuing 3,814 million shares to all shareholders of Focus Media through private placement at a price of 10.46 yuan per share. In addition, Hedy proposes to raise supporting funds by issuing 439 million shares private placement at a price of no less than 11.38 yuan per share.
After the deal, Jiang Nanchun will become the actual controller of the company. Focus Media has built the largest urban media network in China. According to its commitment, Focus Media will respectively obtain a net profit of no less than 2,985 million yuan, 3,422 million yuan and 3,923 million yuan from 2015 to 2017 after deducting extraordinary gains and losses.
○ Kangsheng Investment Management bought shares of Annada Titanium Industry to 5 pct limit
------
Anhui Annada Titanium Industry Co., Ltd. (002136.SZ) announced that as of the close on Sept. 1, Xizang Kangsheng Investment Management Co., Ltd. held 10.75 million shares in the company, accounting for 5 percent of the company's total share capital. Kangsheng Investment Management indicated that it might further increase the shareholding in the company in the following 12 months. With a registered capital of 50 million yuan, Kangsheng Investment Management sees its 70 percent stake held by Shenzhen Greattown Financial Holdings Co., Ltd, a wholly-owned subsidiary of Greattown Holdings Ltd. (600094.SH), and the other 30 percent stake held by Shanghai Kangcheng Investment Management Co., Ltd.
○ Lvjing Holding to raise 10 billion yuan to develop medial industry
------
Lvjing Holding Co., Ltd. (000502.SZ) plans to raise more than 10 billion yuan by issuing 923 million shares at 10.89 yuan per share through private placement. The proceeds will be used for construction projects of Tongzhou International Tumor Hospital, Mingan Hospital in Nanning City, tumor precision medical center and children tumor hospital under Beijing Children's Hospital Group and to supplement working capitals. Yu Bin, the company's president, purchases shares valued at 800 million yuan, enterprises established by the company's directors and senior management buy shares valued at 600 million yuan. In addition, Tianan Life Insurance Co., Ltd, Shanghai Jihui Assets Management Co., Ltd. and New China Fushi Assets Management Co., Ltd. buys shares valued at 2.5 billion yuan, 2,353 million yuan, 1.3 billion yuan and 1.3 billion yuan respectively. During trading suspension, the SSE Composite Index closed at 3,300 points and the company's share price closed at 13.10 yuan.
Comment: The company announced the strategy of exit from real estate industry and transforming to medical service industry in March. After this deal, Tianan Life Insurance and Huiji Assets Management will become the largest and second largest shareholders of the company with their shareholding accounting for 20.72 percent and 19.50 percent respectively, and both promise to only make financial investments. Therefore, there will not be controlling shareholders and actual controllers in the company.
○ State Construction Engineering and other companies listed on main board see shareholding increases
------
China State Construction Engineering Corporation, the controlling shareholder of China State Construction Engineering Corporation Limited (601668.SH) increased the shareholding in the company by 10 million shares on Aug. 25. Guangzhou Highsun Enterprises Group Corporation, the controlling shareholder of Guangdong Highsun Group Co., Ltd. (000861.SZ), increased the shareholding in the company by 4 million shares at an average price of 5.7 yuan per share on Sep. 1. China Yintai Investment Co., Ltd., the substantial shareholder of Yintai Resources Co., Ltd. (000975.SZ), increased the shareholding in the company by 1 million shares on Sep. 1. During July 15 and Sep. 1, Hengdian Group Holdings Limited, the controlling shareholder of Apeloa Pharmaceutical Co., Ltd. (000739.SZ), increased the shareholding in the company by 11.65 million shares at an average price of 7.47 yuan per share, accounting for 1.02 percent of its total share capital.
Shanghai Lanhai Shangshou Medical Industry Co., Ltd., the substantial shareholder of China Shipping Haisheng Co., Ltd. (600896.SH), increased the shareholding in the company by 1.66 million shares on Sep. 1. China National Materials Storage and Transportation Corporation, the controlling shareholder of CMST Development Co., Ltd. (600787.SH), increased the shareholding in the company by 4.7 million shares from Aug. 22 to Sep. 1. Besides, Zhu Weiping, president of Guanhao Biotech Co., Ltd. (300238.SZ), increased the shareholding in the company by 2.1 million shares at an average price of 26.03 per share, totally valued at 54.83 million yuan.
○ Do-Fluoride Chemicals to expand capacity to meet demands for lithium batteries
------
Do-Fluoride Chemicals Co., Ltd. (002407.SZ) acquired 62 percent equities of ebei Hongxing Automobile Manufacturing Co., Ltd. with 50 million yuan. It has completed the procedures for the changes of the industrial and commercial registration. SSN reported that by now, 12,000 units of electric vehicles have been equipped with lithium batteries of Do-Fluoride Chemicals and another 1,000 units will be equipped every month in the second half. This will result in a short supply in lithium batteries. The company will start the production capacity of 100 million Ah lithium batteries in October and will reach the production capacity of 300 million Ah by the first quarter of next year. The problem of insufficient production capacity is expected to be relieved.
[Publication Suspension]
○ According to the trading suspension arrangement of the Shanghai and Shenzhen stock exchanges, this product will suspend publication on Sept. 2 and 3. The Strategy will suspend publication on Sept. 2. Both products will resume publication on Sept. 6.
Latest comments