[Today's Guide]
○Alipay launches face login function, biological recognition technology to boom
○MIIT supports intelligent manufacturing projects, intelligent manufacturing to become core of transformation and upgrading
○Gettop Acoustic transforms towards film and television, Conant Optics purchases MacroFlag Marketing Service
○Ganghai (Tianjin) Construction conducts backdoor listing through Chang Jiang Shipping Group Phoenix, Dun'an Artificial Environment to develop new energy vehicle technology
[SSN Focus]
○Alipay launches face login function, biological recognition technology to boom
------
Official WeChat ID of Alipay on Dec. 17 announced that it is gradually allowing the login through face recognition which will be fully opened within this year. Users can photograph their faces with the "face scan" function of Alipay cellphone APP to log in the accounts instead of password. Person in charge of such technology indicated that it is an industrial trend for biological recognition to replace the traditional password authentication, which is convenient and also effectively ensures security. The Xinhuanet reported on the same day that "Xiaoyun" intelligent face recognition system issued by Chongqing Institute under Chinese Academy of Sciences was shown on the World Internet Conference. Chongqing Institute has jointly developed dozens of banking intelligent solutions with financial institutions.
Comment: In the past seven or eight years, the global market scale of biological recognition maintained a high compound growth of around 22 percent. As the internet-based financial market launches, the demands for online ID authentication have explosively increased and biological recognition technologies, including human face recognition, are likely to enter into a stage of large-scale commercialization. In terms of companies listed in the A-share market, Cloud Walk Information Technology Co., Ltd., invested by Pci-suntek Technology Co., Ltd. (600728.SZ), owns international core technology for human face recognition; Guangdong Poya Information Tech. Co., Ltd., acquired by Zhuhai Orbita Control Engineering Co., Ltd. (300053.SZ), has an advanced market share in the field of human face recognition for security and protection; Iflytek Co., Ltd. (002230.SZ) jointly creates the whole human face image processing system, the SDK, with the Chinese University of Hong Kong.
[SSN Selection]
○The Federal reserve finally raised the interest rates, and funds companies in Shanghai and Shenzhen indicated in the interview that market risk preference may increase again.
○Head of the Ministry of Commerce interpreted the strategic opinions on accelerating the implementation of FTAs issued by the State Council, proposing to make every effort to establish the FTAs with all surrounding countries.
○The quoted price of lithium carbonate jumped by another 10,000 yuan per ton this week, representing a faster hike compared with the rise of 5 percent in the previous round.
○The National Meteorological Center of CMA forecasts that some parts of north China will see the worst smog so far this year and the air pollution will last through Dec. 19 and 22. The density of PM 2.5 pollution in part of the Beijing-Tianjin-Hebei region might exceed 500 micrograms per cubic meter.
○New population policies including universal two-child policy will be in full implementation from Jan.1, 2016, reported by China Business News.
TOP
[Industry Information]
○MIIT supports intelligent manufacturing projects, intelligent manufacturing to become core of transformation and upgrading
------
Xin Guobin, vice-minister of the Ministry of Industry and Information Technology (MIIT), disclosed at a recent seminar on intelligent manufacturing that the MIIT is preparing policies and measures to support intelligent manufacturing projects, particularly to increase supports for intelligent manufacturing among existing technical transformation and industrial transformation and upgrading projects.
Comment: Intelligent manufacturing is an important measure to sharpen China's competitiveness in equipment manufacturing. Driven by strategies including "Internet Plus" action plan and "Made in China 2025", piloting projects are likely to speed up and new intelligent manufacturing models will emerge. Segmented industries including the core components for robots and industrial control software system will usher in a market space of 100 billion yuan. As to listed companies, Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) will see expanded production of robot reducer; Shanghai MJ Intelligent System Co., Ltd., acquired by Henan Huanghe Whirlwind Co., Ltd. (600172.SH), leads the domestic 3C automation sector with strong competitiveness; Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) plans to acquire Shenzhen Lianshuo Automation System Co., Ltd. which is engaged in robot vocational education.
TOP
[Announcement Interpretation]
○Gettop Acoustic transforms towards film and television
------
Shandong Gettop Acoustic Co., Ltd. (002655.SZ) plans to acquire 100 percent equities of Xi'an Qujiang Chuntian Ronghe Film and Television Co., Ltd. and Beijing Lehua Yuanyu Cultural Transmission Co., Ltd. with 4.12 billion yuan by issuing shares at 11.43 yuan per share through private placement and paying in cash. Gettop Acoustic also plans to raise a supporting fund of no more than 3.27 billion yuan at 13.02 yuan per share through private placement. Chuntian Ronghe Film and Television focuses on the production and issuance of quality TV series represented by "All Quiet in Beijing" and "Trouble Times Three Brothers"; Lehua Yuanyu Cultural Transmission applies itself to the development of high-quality entertainment products and the exploration of artists' value. The counterparty promises that the net profit of the two companies in 2016 will be no less than 140 million yuan and 170 million yuan, respectively. The stock price of Gettop Acoustic closed at 15.49 yuan per share before trading suspension.
○Conant Optics purchases MacroFlag Marketing Service to undertake bank card value added businesses
------
Shanghai Conant Optics Co., Ltd. (300061.SZ) plans to purchase 100 equities of Shanghai MacroFlag Marketing Service Company with 2.34 billion yuan by issuing shares at a price of 9.8 yuan per share through private placement and cash. It also raises a supporting fund of 1.23 billion yuan at the same price through private placement. MacroFlag Marketing Service is a provider of buying mail-order bank cards products by stages, paying credit card statement by stages and is actively expanding the business of service equity. The counterparty promises its net profits will not less than 160 million yuan in 2016. The company's share price closed at 11.33 yuan per share before trading suspension.
TOP
○Ganghai (Tianjin) Construction conducts backdoor listing through Chang Jiang Shipping Group Phoenix
------
Chang Jiang Shipping Group Phoenix Co., Ltd. (000520.SZ) intends to give all of its assets and liabilities in exchange for 100 percent equities of Ganghai (Tianjin) Construction Co., Ltd. and the balance will be paid through shares at a price of 2.39 yuan per share by private placement. The total price of the underlying assets amounts to 8 billion yuan. The company will raise 3.6 billion yuan at most as supporting funds by issuing shares at a price of no less than 2.55 yuan per share through private placement. The core business of Ganghai (Tianjin) Construction is dredging and reclamation project. The counterparty promises its net profits will be no less than 751 million yuan in 2015. The company's share price ended at 2.53 yuan per share before trading suspension and. It will resume trading from Dec. 18 and set no price limit for the first day.
○Dun'an Artificial Environment partners with SJTU to develop new energy vehicle technology
------
Zhejiang Dun'an Artificial Environment Co., Ltd. (002011.SZ) is going to partner with Shanghai Jiao Tong University (SJTU) to establish a joint research and development center of new energy vehicle technology. It will also develop thermal management system, electronic control system, and technologies and products of crucial parts of new energy vehicles. The company indicates that this project will expand the application of such existing technologies and products as fluid control, intelligent electronic control, sensor, micro-channel heat exchanger in the new energy vehicle field.
○The proposal of Dehua TB New Decoration Material Co., Ltd. (002043.SZ) to acquire Hangzhou Duoying Network Technology Co. Ltd. was approved by the merger and restructuring commission of China Securities Regulatory Commission without any condition. The company will resume trading from Dec. 18.
TOP
○Alipay launches face login function, biological recognition technology to boom
○MIIT supports intelligent manufacturing projects, intelligent manufacturing to become core of transformation and upgrading
○Gettop Acoustic transforms towards film and television, Conant Optics purchases MacroFlag Marketing Service
○Ganghai (Tianjin) Construction conducts backdoor listing through Chang Jiang Shipping Group Phoenix, Dun'an Artificial Environment to develop new energy vehicle technology
[SSN Focus]
○Alipay launches face login function, biological recognition technology to boom
------
Official WeChat ID of Alipay on Dec. 17 announced that it is gradually allowing the login through face recognition which will be fully opened within this year. Users can photograph their faces with the "face scan" function of Alipay cellphone APP to log in the accounts instead of password. Person in charge of such technology indicated that it is an industrial trend for biological recognition to replace the traditional password authentication, which is convenient and also effectively ensures security. The Xinhuanet reported on the same day that "Xiaoyun" intelligent face recognition system issued by Chongqing Institute under Chinese Academy of Sciences was shown on the World Internet Conference. Chongqing Institute has jointly developed dozens of banking intelligent solutions with financial institutions.
Comment: In the past seven or eight years, the global market scale of biological recognition maintained a high compound growth of around 22 percent. As the internet-based financial market launches, the demands for online ID authentication have explosively increased and biological recognition technologies, including human face recognition, are likely to enter into a stage of large-scale commercialization. In terms of companies listed in the A-share market, Cloud Walk Information Technology Co., Ltd., invested by Pci-suntek Technology Co., Ltd. (600728.SZ), owns international core technology for human face recognition; Guangdong Poya Information Tech. Co., Ltd., acquired by Zhuhai Orbita Control Engineering Co., Ltd. (300053.SZ), has an advanced market share in the field of human face recognition for security and protection; Iflytek Co., Ltd. (002230.SZ) jointly creates the whole human face image processing system, the SDK, with the Chinese University of Hong Kong.
[SSN Selection]
○The Federal reserve finally raised the interest rates, and funds companies in Shanghai and Shenzhen indicated in the interview that market risk preference may increase again.
○Head of the Ministry of Commerce interpreted the strategic opinions on accelerating the implementation of FTAs issued by the State Council, proposing to make every effort to establish the FTAs with all surrounding countries.
○The quoted price of lithium carbonate jumped by another 10,000 yuan per ton this week, representing a faster hike compared with the rise of 5 percent in the previous round.
○The National Meteorological Center of CMA forecasts that some parts of north China will see the worst smog so far this year and the air pollution will last through Dec. 19 and 22. The density of PM 2.5 pollution in part of the Beijing-Tianjin-Hebei region might exceed 500 micrograms per cubic meter.
○New population policies including universal two-child policy will be in full implementation from Jan.1, 2016, reported by China Business News.
TOP
[Industry Information]
○MIIT supports intelligent manufacturing projects, intelligent manufacturing to become core of transformation and upgrading
------
Xin Guobin, vice-minister of the Ministry of Industry and Information Technology (MIIT), disclosed at a recent seminar on intelligent manufacturing that the MIIT is preparing policies and measures to support intelligent manufacturing projects, particularly to increase supports for intelligent manufacturing among existing technical transformation and industrial transformation and upgrading projects.
Comment: Intelligent manufacturing is an important measure to sharpen China's competitiveness in equipment manufacturing. Driven by strategies including "Internet Plus" action plan and "Made in China 2025", piloting projects are likely to speed up and new intelligent manufacturing models will emerge. Segmented industries including the core components for robots and industrial control software system will usher in a market space of 100 billion yuan. As to listed companies, Zhejiang Shuanghuan Driveline Co., Ltd. (002472.SZ) will see expanded production of robot reducer; Shanghai MJ Intelligent System Co., Ltd., acquired by Henan Huanghe Whirlwind Co., Ltd. (600172.SH), leads the domestic 3C automation sector with strong competitiveness; Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) plans to acquire Shenzhen Lianshuo Automation System Co., Ltd. which is engaged in robot vocational education.
TOP
[Announcement Interpretation]
○Gettop Acoustic transforms towards film and television
------
Shandong Gettop Acoustic Co., Ltd. (002655.SZ) plans to acquire 100 percent equities of Xi'an Qujiang Chuntian Ronghe Film and Television Co., Ltd. and Beijing Lehua Yuanyu Cultural Transmission Co., Ltd. with 4.12 billion yuan by issuing shares at 11.43 yuan per share through private placement and paying in cash. Gettop Acoustic also plans to raise a supporting fund of no more than 3.27 billion yuan at 13.02 yuan per share through private placement. Chuntian Ronghe Film and Television focuses on the production and issuance of quality TV series represented by "All Quiet in Beijing" and "Trouble Times Three Brothers"; Lehua Yuanyu Cultural Transmission applies itself to the development of high-quality entertainment products and the exploration of artists' value. The counterparty promises that the net profit of the two companies in 2016 will be no less than 140 million yuan and 170 million yuan, respectively. The stock price of Gettop Acoustic closed at 15.49 yuan per share before trading suspension.
○Conant Optics purchases MacroFlag Marketing Service to undertake bank card value added businesses
------
Shanghai Conant Optics Co., Ltd. (300061.SZ) plans to purchase 100 equities of Shanghai MacroFlag Marketing Service Company with 2.34 billion yuan by issuing shares at a price of 9.8 yuan per share through private placement and cash. It also raises a supporting fund of 1.23 billion yuan at the same price through private placement. MacroFlag Marketing Service is a provider of buying mail-order bank cards products by stages, paying credit card statement by stages and is actively expanding the business of service equity. The counterparty promises its net profits will not less than 160 million yuan in 2016. The company's share price closed at 11.33 yuan per share before trading suspension.
TOP
○Ganghai (Tianjin) Construction conducts backdoor listing through Chang Jiang Shipping Group Phoenix
------
Chang Jiang Shipping Group Phoenix Co., Ltd. (000520.SZ) intends to give all of its assets and liabilities in exchange for 100 percent equities of Ganghai (Tianjin) Construction Co., Ltd. and the balance will be paid through shares at a price of 2.39 yuan per share by private placement. The total price of the underlying assets amounts to 8 billion yuan. The company will raise 3.6 billion yuan at most as supporting funds by issuing shares at a price of no less than 2.55 yuan per share through private placement. The core business of Ganghai (Tianjin) Construction is dredging and reclamation project. The counterparty promises its net profits will be no less than 751 million yuan in 2015. The company's share price ended at 2.53 yuan per share before trading suspension and. It will resume trading from Dec. 18 and set no price limit for the first day.
○Dun'an Artificial Environment partners with SJTU to develop new energy vehicle technology
------
Zhejiang Dun'an Artificial Environment Co., Ltd. (002011.SZ) is going to partner with Shanghai Jiao Tong University (SJTU) to establish a joint research and development center of new energy vehicle technology. It will also develop thermal management system, electronic control system, and technologies and products of crucial parts of new energy vehicles. The company indicates that this project will expand the application of such existing technologies and products as fluid control, intelligent electronic control, sensor, micro-channel heat exchanger in the new energy vehicle field.
○The proposal of Dehua TB New Decoration Material Co., Ltd. (002043.SZ) to acquire Hangzhou Duoying Network Technology Co. Ltd. was approved by the merger and restructuring commission of China Securities Regulatory Commission without any condition. The company will resume trading from Dec. 18.
TOP
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