[Today's Guide]
>SOEs reform ushers in important supporting document, central enterprises piloting mixed-ownership reform concerned
>Preparatory works of Shanghai Disney accelerate to rally tourism consumption
>CSF ＆ Central Huijin hold overweight shares of Yongan Phar., Troy Info. Tech. and other three companies approved for reorganization
>Holitech Technology to launch private placement with premium, companies proposing high share conversion and dividend concerned
[SSN Focus]
○SOEs reform ushers in important supporting document, central enterprises piloting mixed-ownership reform concerned
------
The State Council on Sept. 24 rolls out the Opinions on Developing Mixed-Ownership Economy in State-owned Enterprises (SOEs), proposing to encourage non-public capital to be involved in the mixed-ownership reform of SOEs, absorb foreign capital in participating in the mixed-ownership reform in an orderly way, promote Public-Private-Partnership mode, encourage state-owned capital to become shareholders of non-state-owned enterprises in various forms and explore the implementation of staff shareholding in mixed-ownership enterprises. The Opinions also determines to facilitate demonstrations of mixed-ownership pilot in seven areas including power, petroleum, gas, railway, civil aviation, communications and military industry.
Comment: This is the first supporting document launched after the release of top-level design scheme for SOEs reform. Along with the launch of more detailed rules, the release of reform benefit worth expectation. China National Building Materials Group Corporation (CNBM) and China National Pharmaceutical Group Corporation (Sinopharm) are selected by the State-owned Assets Supervision and Administration Commission (SASAC) as the first batch of central enterprises to pilot mixed-ownership economy. Ruitai Materials Technology Co., Ltd. (002066.SZ) and Luoyang Glass Company Limited (600876.SH; 01108.HK), two listed companies under CNBM, all soared to the daily 10 percent limit on Sept. 24. China National Medicines Corporation Ltd. (600511.SH) and China National Accord Medicines Corporation Ltd. (000028.SZ) are listed by Sinopharm as the first batch of companies to pilot state-owned assets reform.
[SSN Selection]
○Chinese President Xi Jinping addressed speech on Sept. 23 in the U.S. demonstrating the confidence and ability to maintain a stable financial market and promote sustainable and healthy development of the economy.
○The spokesman of the Ministry of Transport declares on Sept. 24 that the integrated transport planning for coordinated development of Beijing-Tianjin-Hebei has been submitted. The construction of a good number of key projects will be quickened.
○Two ministries and commissions release specifications on the construction of xylol projects, contributing to the cost control of downstream enterprises involved in PTA, polyester fiber, etc.
○Shenzhen Tellus Holding Co., Ltd. (000025.SZ) announces to suspend trading and conduct self-check from Sept. 25. Its stock price totally surged by 135 percent in nine trading days.
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[Industry Information]
○Preparatory works of Shanghai Disney accelerate to rally tourism consumption
------
According to SSN's investigation, the Metro Line 11 near the Shanghai Disney Resort has begun its commissioning and drill. The main works for Shanghai middle ring viaduct in Pudong District have taken shapes and are predicted to complete in October. Disney will hold press conference in October where it will announce hotspot information and may disclose the date of the resort's opening in next spring.
Comment: Compared with the other five Disneyland Theme Parks in the world, Shanghai Disney Resort is on a medium to large scale. It is generally predicted that it will receive more than 10 million visitors annually. Except ticket sales, the revenue from catering, accommodation and commodity sales in the resort will be considerable. Chinese companies Bailian Group and Hangzhou Jinjiang Group Co., Ltd. are among the shareholders of Shanghai Disney. Shanghai Miracle World Brand Management Co., Ltd., a subsidiary of Bailian Group, has obtained the authorized Disney toys. Among local companies in Shanghai, Shanghai Bailian Group Co., Ltd. (600827.SH) and Shanghai Jin Jiang International Industrial Investment Co., Ltd. (600650.SH) will benefit from the following boom in tourism consumption.
Top
[Announcement Interpretation]
○CSF ＆ Central Huijin hold overweight shares of Yongan Phar.
------
Qianjiang Yongan Pharmaceutical Co., Ltd. (002365.SZ) announces that as of Sept. 23, China Securities Finance Corporation Limited (CSF) held 5.18 million shares of the company, accounting for 2.77 percent of its total share capital, and became the fourth biggest shareholder of the company. Besides, CSF's ten financial asset management plans respectively holds 1,546,800 shares of the company, accounting for 0.83 percent of its total share capital. CSF and Central Huijin Investment Ltd. (Central Huijin) altogether hold a total of 11 percent shares of the company.
○Troy Info. Tech. and other three companies approved for reorganization
------
The application for assets reorganization of Sichuan Troy Information Technology Co., Ltd. (300366.SZ), Guangdong Shenglu Telecommunication Tech. Co., Ltd. (002446.SZ), Avic Capital Co., Ltd. (600705.SH) and Leo Group Co., Ltd. (002131.SZ) have unconditionally approved by China Securities Regulatory Commission (CSRC). Troy Information Technology plans to acquire 100 percent equities of Grid Electric Power Co., Ltd. Shenglu Telecommunication Tech. plans to acquire 100 percent equities of Nanjing Hengdian Electronics Co., Ltd. Avic Capital plans to acquire part of equities of Avic International Leasing Co., Ltd., Avic Trust Co., Ltd. and Avic Securities Co., Ltd. Leo Group proposes to acquire 100 percent equities of Jiangxi Wansheng Weiye Network Technology Co., Ltd. and 100 percent equities of Beijing Weichuang Shidai Co., Ltd. through private placement.
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○Holitech Technology to raise RMB2.8 bln through private placement with premium to develop intelligent terminal
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Holitech Technology Co., Ltd. (002217.SZ) intends to raise 2.8 billion yuan by issuing 163 million shares through private placement at no less than 17.18 yuan per share. The fundraising will be used for intelligent terminal and touch screen integration module project, biological identification module project, electronic paper module and its industrial application project and supplementing working funds. When these projects reach the designed production, the company's annual additional profits will total 362 million yuan. Net profit of the company stood at 140 million yuan in 2014. The company closed at 13.48 yuan per share before trading suspension.
○Boomsense Technology terminates restructuring and resumes trading
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Boomsense Technology Co., Ltd. (300312.SZ) terminates the plan of purchasing 100 percent equity of Kang Sheng Insurance through private placement. The company's employee shareholding plan with amount of 300 million yuan has not been implemented.
○Xinlong Electrical's EOD robot wins bidding of police equipment procurement
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Beijing SINONET Science ＆ Technology Co., Ltd. (SINONET), a fully-owned subsidiary of Anhui Xinlong Electrical Co., Ltd. (002298.SZ), won the bidding of the explosive ordnance disposal (EOD) robot in the police equipment procurement project of a state-run unit. 16 EOD robots will be purchased this time with a tender offer of 6.08 million yuan. Xinlong Electrical announced on Sept. 8 that the "smart anti-terrorism robot" produced by SINONET was shortlisted for the "2015 National Public Security Achievements of Technological Innovation" sponsored by www.cpd.com.cn.
[Financial Reports Express]
○Net profit of KPC Pharmaceuticals to up in first three quarters
------
KPC Pharmaceuticals, Inc. (600422.SH) is expected to see a year-on-year growth of 40 percent to 60 percent in net profit in the first three quarters, which mainly due to the sale increase.
[Data Speaks]
○Companies proposing high share conversion and dividend see active trading, ex-right companies catch much attention
------
With the increasingly active trading in A-share market recently, stocks with high share conversion and dividend are favored by the capitals. Beijing Baofeng Technology Co., Ltd. (300431.SZ), Beijing Tensyn Digital Marketing Technology Joint Stock Company (300392.SZ) and other companies soared by over 70 percent when compared with the low level previously. Based on the statistics of SSN, among the nearly 110 companies which have proposed high share conversion and dividend but not conducted ex-right in the interim reports in 2015, Honyu Wear-Resistant New Materials Co., Ltd. (300345.SZ) and Qingdao Hanhe Cable Co., Ltd. (002498.SZ) propose a 22-for-10 and 21-for-10 conversion of capital surplus into shares, respectively, which have been approved at the general meetings. Qitaihe Baotailong Coal ＆ Coal Chemicals Public Co., Ltd. (601011.SH), Chengdu Leejun Industrial Co., Ltd. (002651.SZ) and Hytera Communications Corporation Limited (002583.SZ) have proposed a 15-for-10, 15-for-10 and 12-for-10 conversion of capital surplus into shares, respectively, which will be carried out in late September.
Top
>SOEs reform ushers in important supporting document, central enterprises piloting mixed-ownership reform concerned
>Preparatory works of Shanghai Disney accelerate to rally tourism consumption
>CSF ＆ Central Huijin hold overweight shares of Yongan Phar., Troy Info. Tech. and other three companies approved for reorganization
>Holitech Technology to launch private placement with premium, companies proposing high share conversion and dividend concerned
[SSN Focus]
○SOEs reform ushers in important supporting document, central enterprises piloting mixed-ownership reform concerned
------
The State Council on Sept. 24 rolls out the Opinions on Developing Mixed-Ownership Economy in State-owned Enterprises (SOEs), proposing to encourage non-public capital to be involved in the mixed-ownership reform of SOEs, absorb foreign capital in participating in the mixed-ownership reform in an orderly way, promote Public-Private-Partnership mode, encourage state-owned capital to become shareholders of non-state-owned enterprises in various forms and explore the implementation of staff shareholding in mixed-ownership enterprises. The Opinions also determines to facilitate demonstrations of mixed-ownership pilot in seven areas including power, petroleum, gas, railway, civil aviation, communications and military industry.
Comment: This is the first supporting document launched after the release of top-level design scheme for SOEs reform. Along with the launch of more detailed rules, the release of reform benefit worth expectation. China National Building Materials Group Corporation (CNBM) and China National Pharmaceutical Group Corporation (Sinopharm) are selected by the State-owned Assets Supervision and Administration Commission (SASAC) as the first batch of central enterprises to pilot mixed-ownership economy. Ruitai Materials Technology Co., Ltd. (002066.SZ) and Luoyang Glass Company Limited (600876.SH; 01108.HK), two listed companies under CNBM, all soared to the daily 10 percent limit on Sept. 24. China National Medicines Corporation Ltd. (600511.SH) and China National Accord Medicines Corporation Ltd. (000028.SZ) are listed by Sinopharm as the first batch of companies to pilot state-owned assets reform.
[SSN Selection]
○Chinese President Xi Jinping addressed speech on Sept. 23 in the U.S. demonstrating the confidence and ability to maintain a stable financial market and promote sustainable and healthy development of the economy.
○The spokesman of the Ministry of Transport declares on Sept. 24 that the integrated transport planning for coordinated development of Beijing-Tianjin-Hebei has been submitted. The construction of a good number of key projects will be quickened.
○Two ministries and commissions release specifications on the construction of xylol projects, contributing to the cost control of downstream enterprises involved in PTA, polyester fiber, etc.
○Shenzhen Tellus Holding Co., Ltd. (000025.SZ) announces to suspend trading and conduct self-check from Sept. 25. Its stock price totally surged by 135 percent in nine trading days.
Top
[Industry Information]
○Preparatory works of Shanghai Disney accelerate to rally tourism consumption
------
According to SSN's investigation, the Metro Line 11 near the Shanghai Disney Resort has begun its commissioning and drill. The main works for Shanghai middle ring viaduct in Pudong District have taken shapes and are predicted to complete in October. Disney will hold press conference in October where it will announce hotspot information and may disclose the date of the resort's opening in next spring.
Comment: Compared with the other five Disneyland Theme Parks in the world, Shanghai Disney Resort is on a medium to large scale. It is generally predicted that it will receive more than 10 million visitors annually. Except ticket sales, the revenue from catering, accommodation and commodity sales in the resort will be considerable. Chinese companies Bailian Group and Hangzhou Jinjiang Group Co., Ltd. are among the shareholders of Shanghai Disney. Shanghai Miracle World Brand Management Co., Ltd., a subsidiary of Bailian Group, has obtained the authorized Disney toys. Among local companies in Shanghai, Shanghai Bailian Group Co., Ltd. (600827.SH) and Shanghai Jin Jiang International Industrial Investment Co., Ltd. (600650.SH) will benefit from the following boom in tourism consumption.
Top
[Announcement Interpretation]
○CSF ＆ Central Huijin hold overweight shares of Yongan Phar.
------
Qianjiang Yongan Pharmaceutical Co., Ltd. (002365.SZ) announces that as of Sept. 23, China Securities Finance Corporation Limited (CSF) held 5.18 million shares of the company, accounting for 2.77 percent of its total share capital, and became the fourth biggest shareholder of the company. Besides, CSF's ten financial asset management plans respectively holds 1,546,800 shares of the company, accounting for 0.83 percent of its total share capital. CSF and Central Huijin Investment Ltd. (Central Huijin) altogether hold a total of 11 percent shares of the company.
○Troy Info. Tech. and other three companies approved for reorganization
------
The application for assets reorganization of Sichuan Troy Information Technology Co., Ltd. (300366.SZ), Guangdong Shenglu Telecommunication Tech. Co., Ltd. (002446.SZ), Avic Capital Co., Ltd. (600705.SH) and Leo Group Co., Ltd. (002131.SZ) have unconditionally approved by China Securities Regulatory Commission (CSRC). Troy Information Technology plans to acquire 100 percent equities of Grid Electric Power Co., Ltd. Shenglu Telecommunication Tech. plans to acquire 100 percent equities of Nanjing Hengdian Electronics Co., Ltd. Avic Capital plans to acquire part of equities of Avic International Leasing Co., Ltd., Avic Trust Co., Ltd. and Avic Securities Co., Ltd. Leo Group proposes to acquire 100 percent equities of Jiangxi Wansheng Weiye Network Technology Co., Ltd. and 100 percent equities of Beijing Weichuang Shidai Co., Ltd. through private placement.
Top
○Holitech Technology to raise RMB2.8 bln through private placement with premium to develop intelligent terminal
-----
Holitech Technology Co., Ltd. (002217.SZ) intends to raise 2.8 billion yuan by issuing 163 million shares through private placement at no less than 17.18 yuan per share. The fundraising will be used for intelligent terminal and touch screen integration module project, biological identification module project, electronic paper module and its industrial application project and supplementing working funds. When these projects reach the designed production, the company's annual additional profits will total 362 million yuan. Net profit of the company stood at 140 million yuan in 2014. The company closed at 13.48 yuan per share before trading suspension.
○Boomsense Technology terminates restructuring and resumes trading
------
Boomsense Technology Co., Ltd. (300312.SZ) terminates the plan of purchasing 100 percent equity of Kang Sheng Insurance through private placement. The company's employee shareholding plan with amount of 300 million yuan has not been implemented.
○Xinlong Electrical's EOD robot wins bidding of police equipment procurement
------
Beijing SINONET Science ＆ Technology Co., Ltd. (SINONET), a fully-owned subsidiary of Anhui Xinlong Electrical Co., Ltd. (002298.SZ), won the bidding of the explosive ordnance disposal (EOD) robot in the police equipment procurement project of a state-run unit. 16 EOD robots will be purchased this time with a tender offer of 6.08 million yuan. Xinlong Electrical announced on Sept. 8 that the "smart anti-terrorism robot" produced by SINONET was shortlisted for the "2015 National Public Security Achievements of Technological Innovation" sponsored by www.cpd.com.cn.
[Financial Reports Express]
○Net profit of KPC Pharmaceuticals to up in first three quarters
------
KPC Pharmaceuticals, Inc. (600422.SH) is expected to see a year-on-year growth of 40 percent to 60 percent in net profit in the first three quarters, which mainly due to the sale increase.
[Data Speaks]
○Companies proposing high share conversion and dividend see active trading, ex-right companies catch much attention
------
With the increasingly active trading in A-share market recently, stocks with high share conversion and dividend are favored by the capitals. Beijing Baofeng Technology Co., Ltd. (300431.SZ), Beijing Tensyn Digital Marketing Technology Joint Stock Company (300392.SZ) and other companies soared by over 70 percent when compared with the low level previously. Based on the statistics of SSN, among the nearly 110 companies which have proposed high share conversion and dividend but not conducted ex-right in the interim reports in 2015, Honyu Wear-Resistant New Materials Co., Ltd. (300345.SZ) and Qingdao Hanhe Cable Co., Ltd. (002498.SZ) propose a 22-for-10 and 21-for-10 conversion of capital surplus into shares, respectively, which have been approved at the general meetings. Qitaihe Baotailong Coal ＆ Coal Chemicals Public Co., Ltd. (601011.SH), Chengdu Leejun Industrial Co., Ltd. (002651.SZ) and Hytera Communications Corporation Limited (002583.SZ) have proposed a 15-for-10, 15-for-10 and 12-for-10 conversion of capital surplus into shares, respectively, which will be carried out in late September.
Top
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