[Today’s Guide]
> Authorities to discuss Internet of energy for first time and may attract more investments in energy security
> MIIT promotes deep development of military and civil integration, printing and dyeing industries to see improved supply and demand
> HNA Investment to invest RMB12 bln in finance and medical service, Taiya Shoes transforms into Internet company
> Tsinghua Holdings to subscribe private placement of Shenyang Machine Tool, Lonyer Fuels to fully control Jinhanwang Technology
[XFA Focus]
○ Authorities to discuss Internet of energy for first time and may attract more investments in energy security
------
XFA learnt that the National Energy Administration (NEA) will convene a work conference on the Internet of energy on April 17. It is the first time that the authorities have discussed the Internet of energy since the proposing of the “Internet Plus” concept. The Internet of energy is a new efficient grid structure and accomplishes the connectivity of intelligent power generation, intelligent power grid, intelligent storage and intelligent power consumption.
Comment: Various policies on supporting the development of photovoltaic and wind power generation have been introduced recently to solve problems on energy security. Due to the unstable power generation with new energy, the Internet of energy is necessary in adjustment. The new power pricing plan has enabled more users to get access to the power grid and laid a foundation for the development of the Internet of energy. Relevant companies will benefit from the huge wave of investment. Changsha Kaiyuan Instruments Co., Ltd. (300338.SZ) has received orders for intelligent management and control of fuels from thermal power plants. It will focus on the development of intelligent management system for fuels. Shenzhen Rainbow Fine Chemical Industry Co., Ltd. (002256.SZ) integrates new energy power stations and the Internet through cloud computing and big data. Jiangsu Akcome Science and Technology Co., Ltd. (002610.SZ) develops a closed-loop system in the energy services market through the intelligent operation and maintenance platform, financial leasing and other green financial products.
[XFA Selection]
○The SSE 50 index futures surged over 7 percent on the first day after introduction, showing that capitals favor blue-chip big-cap stocks. The 50 ETF recorded a subscription of over 8 billion yuan in an individual day.
○Xiao Gang, Chairman of the China Securities Regulatory Commission (CSRC), said that it will accelerate the development of various financial futures and options and remind new investors to be rational and calm.
○ The life insurance industry recorded a profit of more than 100 billion yuan last year, representing an increase of 126 percent year on year. The reform of insurance premiums saw preliminary effects.
○ Officials from the Ministry of Agriculture indicated that it will strive to accomplish a comprehensive mechanization rate of 78 percent in rice farming and harvesting in 2020.
○ Hengqin area will exercise the official establishment of the Hengqin Zone of the Guangdong Free Trade Zone on April 17. The Ministry of Commerce confirmed that the Guangdong and Fujian Free Trade Zones will be officially established soon.
[Industry Information]
○ MIIT promotes deep development of military and civil integration, enterprises with military businesses to see breakthroughs
------
The Ministry of Industry and Information Technology (MIIT) convened a video and telephone conference in Beijing to make plans on the implementation of the “special campaign on deepening the development of military and civil integration in 2015”. It requires comprehensively deepening reform and expanding the opening of military industries.
Comment: As a state strategy, the development of military and civil integration concerns the national security and the overall development. Research institutes believe that the national defense industries will see further reform in the future and it will facilitate the orderly competition between military enterprises and private sectors. Listed companies with technological advantages in subdivided industries and are complementary with military groups will see more breakthroughs in the future. Among A-share companies, Guangzhou Haige Communications Group Incorporated Company (002465.SZ) is a leader in military telecommunication industry and has obtained orders for BeiDou Navigation products from the military. Wuhan Guide Infrared Co., Ltd. (002414.SZ) has achieved mass production of infrared thermal imaging chips. It is the first private enterprise that entered the overall research and development of complete arms system.
○ Ministry of Transport requires improving charging facilities for new energy vehicles
------
Xu Chengguang, the press spokesperson of the Ministry of Transport, said on April 16 that it will implement relevant policies on preferential taxes and fees for new energy vehicles. It will improve the construction of supporting charging facilities, improve the technical performance of vehicles and encourage and support private capitals in conducting relevant services for new energy vehicles.
Comment: With the strong support of government policies, the domestic new energy vehicle industry saw high production and sale and is under sound development. The whole industrial chain for new energy vehicles will benefit from the booming industry. In terms of listed companies, Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ) proposes to raise more than 400 million yuan in the marketing and services network for charging facilities for electric vehicles. Shanghai Potevio Co., Ltd. (600680.SH) is a major supplier of charging piles for electric vehicles in China.
○Ten measures for water” to fully control industrial pollution, printing and dyeing industries to see improved supply and demand
------
The website of the Central People’s Government officially released the “Circular of the State Council on Issuing the Action Plan for Water Pollution Prevention and Control” (hereafter referred to “ten measures for water” for short). It proposes that an investment of about 4 to 5 trillion yuan will be made to achieve the corresponding targets of the “ten measures for water” in 2020 and about 2 trillion yuan will be invested in the following three years.
Comment: The top target of the “ten measures for water” is to comprehensively control the emission of pollutants. It requires that all small paper-making, tanning, dyestuff, pesticide and other production projects causing serious water pollution and cannot meet the state industrial policies will be closed. The huge pressure on environmental protection and pollution treatment has improved the supply and demand in such subdivided chemical industries as tanning and dyestuff industries. The printing and dyeing fees have risen by nearly 6 percent recently. Domestic leading printing and dyeing enterprises will see increasing market shares in the future. In terms of listed companies, Zhejiang Hangmin Co., Ltd. (600987.SH) has raised the printing, dyeing and processing fees recently and has smoothly transferred the upstream dyestuff cost. Dymatic Chemicals, Inc. (002054.SZ) is principally engaged in textile assistant. Its imprinting and dyeing assistants with high added value sell well.
[Announcement Interpretation]
○ HNA Investment to raise RMB12 bln through private placement to develop insurance and trust
------
HNA Investment Group Co., Ltd. (000616.SZ) plans to raise 12 billion yuan by issuing more than 300 million shares at 3.95 yuan per share, among which, 3.53 billion yuan will be used to acquire 32.43 percent equities of Bohai International Trust Co., Ltd. through capital increase, 2.3 billion yuan will be used to acquire 19.64 percent equities of Sinosafe General Insurance Co., Ltd., 2.92 billion yuan will be used to acquire 100 percent equities of Beijing Xinsheng Medical Investment Co., Ltd. and 3.24 billion yuan will be used to supplement working capital. HNA Capital Holding Co., Ltd., controlling shareholder of the company, plans to subscribe at least 4.2 billion yuan with cash and the 12.5 percent equities of Sinosafe General Insurance held by it, accounting for 35 percent of the total issuance
Comment: As the main management platform of the financial service business of HNA Group, HNA Capital will involve in trust and insurance industries and expand its investment scope to general health industry at the same time through this transaction.
○ Taiya Shoes transforms into Internet company through back-door listing of Kingnet Technology
------
Taiya Shoes Co., Ltd. (002517.SZ) plans to acquire 100 percent equities of Shanghai Kingnet Technology Co. Ltd. by exchanging asset, issuing shares and transferring equity. The transaction is priced at 6.3 billion yuan, indicating an estimated value-added ratio of more than 2020 percent. The offering price of the private placement is 11.26 yuan per share. After reorganization, the actual controllers of Taiya Shoes, Lin Songbai and Lin Shiyi, will be replaced by Wang Yue. Kingnet Technology, an integrated company focusing on the development and operation of online games and the operation of Internet platform, promises that its net profit from 2015 to 2018 will be 460 million yuan, 570 million yuan, 700 million yuan and 810 million yuan, respectively.
Comment: H&R Century Pictures Co., Ltd. failed to achieve back-door listing through Taiya Shoes last year. The evaluation of the reorganization this time sets a new record for the acquisition of local Internet game industry. Upon completion, the main business of the company will be changed from producing shoe sole of sports shoes to the operation of Internet platform as well as the development and application of Internet products.
○ Shenyang Machine Tool to raise funds through private placement, Tsinghua Holdings to subscribe
------
Shenyang Machine Tool Co., Ltd. (000410.SZ) plans to raise 3.3 billion yuan by issuing 237 million shares at 13.90 yuan per share through private placement to supplement working capital. Shenji Group Co., Ltd., controlling shareholder of the company, and the Shenwan Hongyuan Baoding Zhongying No.2 Asset Management Plan entrusted by the director, supervisor and senior management of the company, both subscribe 150 million yuan, while Tibet Ziguang Intelligent Investment Co., Ltd. and Tibet Ziguang 4.0 Investment Co., Ltd. subscribe 2 billion yuan and 1 billion yuan, respectively. After the issuance, Tsinghua Holdings Co., Ltd., as the same actual controller of Ziguang Intelligent and Ziguang 4.0, will indirectly hold 21.52 percent shares of the company.
○ Lonyer Fuels to fully control Jinhanwang Technology with RMB4.2 bln, Zexi Investment Management participates in subscription
------
Shanghai Lonyer Fuels Co., Ltd. (603003.SH) plans to issue 270 million shares at 15.58 yuan per share to targets including Liu Zhenguang, one of the actual controllers of the company, Shanghai Zexi Zengxu Investment Center (Limited Partnership), etc. The raised 4.2 billion yuan will be used to acquire 100 percent equities of Beijing Jinhanwang Technology Co., Ltd. and construct Cloud computing operation center. The company thus enters into electric information industry. Zexi Zengxu Investment Center with Shanghai Zexi Investment Management Co., Ltd. as its GP, will subscribe 32.09 million shares, accounting for 6.08 percent of the total share capital after issuance. The net profit of the subject asset in 2014 records 61.54 million yuan and the closing net asset is 410 million yuan. The Cloud computing operation center will become a large-scale Internet data storage center upon completion and provide downstream customers with co-location service, host renting service, etc. 11,000 cabinets will be available for renting after completion of the project. The average annual profit of the project will total 570 million yuan after all cabinets are rented.
○ Joyson Electronic obtains orders from Tesla
------
German Purui Holdings Co., Ltd., a subsidiary controlled by Ningbo Joyson Electronic Corp. (600699.SH), gains procurement order on the sensors and relevant components of battery management system from Tesla Motors, and has started to deliver products. Moreover, Ningbo Chancheng Joyson New Energy Technology Co., Ltd., a subsidiary of the company, joins hands with Zhejiang CSR Electric Vehicle Co., Ltd. to jointly develop energy-storage-type modern electric car energy management system integration and super-capacitor application management system. CSR Electric Vehicle is an energy-storage-type electric vehicle platform prioritized by CSR Corporation Limited.
[Financial Reports Express]
○ Air China and Shanxi Securities see large surge of net profit in Q1
------
Due to the income growth from transport during the Spring Festival and the cost reduction resulted by decreasing oil price, Air China Limited (601111.SH; 00753.SZ) expects its net profit in the first quarter to see a year-on-year growth of 1700 to 1900 percent; due to the bullish securities market and rapid growth of trading volume, the net profit in the first quarter of Shanxi Securities Co., Ltd. (002500.SZ) sees a year-on-year growth of 258 percent.
○ Pientzehuang Phar., Zhejiang Jingu, Shapuaisi Phar., Dong Yi Ri Sheng Home Decoration and Kingenta Ecological Engineering plan high share conversion and dividend
------
With net profit in 2014 seeing a year-on-year growth of 2 percent, Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. (600436.SH) proposes a 15-for-10 conversion of capital surplus into shares combined with 9 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 41 percent, Zhejiang Jingu Co., Ltd. (002488.SZ) proposes a 15-for-10 conversion of capital surplus into shares combined with 2 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 26 percent, Zhejiang Shapuaisi Pharmaceutical Co., Ltd. (603168.SH) proposes a 10-for-10 bonus shares and a 5-for-10 conversion of capital surplus into shares combined with 7.24 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 10 percent, Dong Yi Ri Sheng Home Decoration Group Co., Ltd. (002713.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with 6 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 30 percent, Kingenta Ecological Engineering Group Co., Ltd. (002470.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for every 10 shares.
[Trading Trends]
○ Shangfeng Industrial Holdings bought through four institutional seats
------
The trading volume ranking list on April 16 shows that Zhejiang Shangfeng Industrial Holdings Co., Ltd. (000967.SZ) was bought through four institutional seats with a total of 160 million yuan, accounting for 34 percent of its intraday turnover. Another institution sold 26.09 million yuan.
Comment: Universtar Science & Technology（Shenzhen）Co., Ltd., acquired by Shangfeng Industrial Holdings, is a leading enterprise in environmental protection monitoring area. Universtar Science & Technology has made planning in intelligent environment, environment treatment, water treatment, ecological restoration, etc. After acquisition, Universtar Science & Technology can solve the problem of capital source and provide sufficient capital support to various environmental protection businesses by resorting to the platform of the listed company.
> Authorities to discuss Internet of energy for first time and may attract more investments in energy security
> MIIT promotes deep development of military and civil integration, printing and dyeing industries to see improved supply and demand
> HNA Investment to invest RMB12 bln in finance and medical service, Taiya Shoes transforms into Internet company
> Tsinghua Holdings to subscribe private placement of Shenyang Machine Tool, Lonyer Fuels to fully control Jinhanwang Technology
[XFA Focus]
○ Authorities to discuss Internet of energy for first time and may attract more investments in energy security
------
XFA learnt that the National Energy Administration (NEA) will convene a work conference on the Internet of energy on April 17. It is the first time that the authorities have discussed the Internet of energy since the proposing of the “Internet Plus” concept. The Internet of energy is a new efficient grid structure and accomplishes the connectivity of intelligent power generation, intelligent power grid, intelligent storage and intelligent power consumption.
Comment: Various policies on supporting the development of photovoltaic and wind power generation have been introduced recently to solve problems on energy security. Due to the unstable power generation with new energy, the Internet of energy is necessary in adjustment. The new power pricing plan has enabled more users to get access to the power grid and laid a foundation for the development of the Internet of energy. Relevant companies will benefit from the huge wave of investment. Changsha Kaiyuan Instruments Co., Ltd. (300338.SZ) has received orders for intelligent management and control of fuels from thermal power plants. It will focus on the development of intelligent management system for fuels. Shenzhen Rainbow Fine Chemical Industry Co., Ltd. (002256.SZ) integrates new energy power stations and the Internet through cloud computing and big data. Jiangsu Akcome Science and Technology Co., Ltd. (002610.SZ) develops a closed-loop system in the energy services market through the intelligent operation and maintenance platform, financial leasing and other green financial products.
[XFA Selection]
○The SSE 50 index futures surged over 7 percent on the first day after introduction, showing that capitals favor blue-chip big-cap stocks. The 50 ETF recorded a subscription of over 8 billion yuan in an individual day.
○Xiao Gang, Chairman of the China Securities Regulatory Commission (CSRC), said that it will accelerate the development of various financial futures and options and remind new investors to be rational and calm.
○ The life insurance industry recorded a profit of more than 100 billion yuan last year, representing an increase of 126 percent year on year. The reform of insurance premiums saw preliminary effects.
○ Officials from the Ministry of Agriculture indicated that it will strive to accomplish a comprehensive mechanization rate of 78 percent in rice farming and harvesting in 2020.
○ Hengqin area will exercise the official establishment of the Hengqin Zone of the Guangdong Free Trade Zone on April 17. The Ministry of Commerce confirmed that the Guangdong and Fujian Free Trade Zones will be officially established soon.
[Industry Information]
○ MIIT promotes deep development of military and civil integration, enterprises with military businesses to see breakthroughs
------
The Ministry of Industry and Information Technology (MIIT) convened a video and telephone conference in Beijing to make plans on the implementation of the “special campaign on deepening the development of military and civil integration in 2015”. It requires comprehensively deepening reform and expanding the opening of military industries.
Comment: As a state strategy, the development of military and civil integration concerns the national security and the overall development. Research institutes believe that the national defense industries will see further reform in the future and it will facilitate the orderly competition between military enterprises and private sectors. Listed companies with technological advantages in subdivided industries and are complementary with military groups will see more breakthroughs in the future. Among A-share companies, Guangzhou Haige Communications Group Incorporated Company (002465.SZ) is a leader in military telecommunication industry and has obtained orders for BeiDou Navigation products from the military. Wuhan Guide Infrared Co., Ltd. (002414.SZ) has achieved mass production of infrared thermal imaging chips. It is the first private enterprise that entered the overall research and development of complete arms system.
○ Ministry of Transport requires improving charging facilities for new energy vehicles
------
Xu Chengguang, the press spokesperson of the Ministry of Transport, said on April 16 that it will implement relevant policies on preferential taxes and fees for new energy vehicles. It will improve the construction of supporting charging facilities, improve the technical performance of vehicles and encourage and support private capitals in conducting relevant services for new energy vehicles.
Comment: With the strong support of government policies, the domestic new energy vehicle industry saw high production and sale and is under sound development. The whole industrial chain for new energy vehicles will benefit from the booming industry. In terms of listed companies, Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ) proposes to raise more than 400 million yuan in the marketing and services network for charging facilities for electric vehicles. Shanghai Potevio Co., Ltd. (600680.SH) is a major supplier of charging piles for electric vehicles in China.
○Ten measures for water” to fully control industrial pollution, printing and dyeing industries to see improved supply and demand
------
The website of the Central People’s Government officially released the “Circular of the State Council on Issuing the Action Plan for Water Pollution Prevention and Control” (hereafter referred to “ten measures for water” for short). It proposes that an investment of about 4 to 5 trillion yuan will be made to achieve the corresponding targets of the “ten measures for water” in 2020 and about 2 trillion yuan will be invested in the following three years.
Comment: The top target of the “ten measures for water” is to comprehensively control the emission of pollutants. It requires that all small paper-making, tanning, dyestuff, pesticide and other production projects causing serious water pollution and cannot meet the state industrial policies will be closed. The huge pressure on environmental protection and pollution treatment has improved the supply and demand in such subdivided chemical industries as tanning and dyestuff industries. The printing and dyeing fees have risen by nearly 6 percent recently. Domestic leading printing and dyeing enterprises will see increasing market shares in the future. In terms of listed companies, Zhejiang Hangmin Co., Ltd. (600987.SH) has raised the printing, dyeing and processing fees recently and has smoothly transferred the upstream dyestuff cost. Dymatic Chemicals, Inc. (002054.SZ) is principally engaged in textile assistant. Its imprinting and dyeing assistants with high added value sell well.
[Announcement Interpretation]
○ HNA Investment to raise RMB12 bln through private placement to develop insurance and trust
------
HNA Investment Group Co., Ltd. (000616.SZ) plans to raise 12 billion yuan by issuing more than 300 million shares at 3.95 yuan per share, among which, 3.53 billion yuan will be used to acquire 32.43 percent equities of Bohai International Trust Co., Ltd. through capital increase, 2.3 billion yuan will be used to acquire 19.64 percent equities of Sinosafe General Insurance Co., Ltd., 2.92 billion yuan will be used to acquire 100 percent equities of Beijing Xinsheng Medical Investment Co., Ltd. and 3.24 billion yuan will be used to supplement working capital. HNA Capital Holding Co., Ltd., controlling shareholder of the company, plans to subscribe at least 4.2 billion yuan with cash and the 12.5 percent equities of Sinosafe General Insurance held by it, accounting for 35 percent of the total issuance
Comment: As the main management platform of the financial service business of HNA Group, HNA Capital will involve in trust and insurance industries and expand its investment scope to general health industry at the same time through this transaction.
○ Taiya Shoes transforms into Internet company through back-door listing of Kingnet Technology
------
Taiya Shoes Co., Ltd. (002517.SZ) plans to acquire 100 percent equities of Shanghai Kingnet Technology Co. Ltd. by exchanging asset, issuing shares and transferring equity. The transaction is priced at 6.3 billion yuan, indicating an estimated value-added ratio of more than 2020 percent. The offering price of the private placement is 11.26 yuan per share. After reorganization, the actual controllers of Taiya Shoes, Lin Songbai and Lin Shiyi, will be replaced by Wang Yue. Kingnet Technology, an integrated company focusing on the development and operation of online games and the operation of Internet platform, promises that its net profit from 2015 to 2018 will be 460 million yuan, 570 million yuan, 700 million yuan and 810 million yuan, respectively.
Comment: H&R Century Pictures Co., Ltd. failed to achieve back-door listing through Taiya Shoes last year. The evaluation of the reorganization this time sets a new record for the acquisition of local Internet game industry. Upon completion, the main business of the company will be changed from producing shoe sole of sports shoes to the operation of Internet platform as well as the development and application of Internet products.
○ Shenyang Machine Tool to raise funds through private placement, Tsinghua Holdings to subscribe
------
Shenyang Machine Tool Co., Ltd. (000410.SZ) plans to raise 3.3 billion yuan by issuing 237 million shares at 13.90 yuan per share through private placement to supplement working capital. Shenji Group Co., Ltd., controlling shareholder of the company, and the Shenwan Hongyuan Baoding Zhongying No.2 Asset Management Plan entrusted by the director, supervisor and senior management of the company, both subscribe 150 million yuan, while Tibet Ziguang Intelligent Investment Co., Ltd. and Tibet Ziguang 4.0 Investment Co., Ltd. subscribe 2 billion yuan and 1 billion yuan, respectively. After the issuance, Tsinghua Holdings Co., Ltd., as the same actual controller of Ziguang Intelligent and Ziguang 4.0, will indirectly hold 21.52 percent shares of the company.
○ Lonyer Fuels to fully control Jinhanwang Technology with RMB4.2 bln, Zexi Investment Management participates in subscription
------
Shanghai Lonyer Fuels Co., Ltd. (603003.SH) plans to issue 270 million shares at 15.58 yuan per share to targets including Liu Zhenguang, one of the actual controllers of the company, Shanghai Zexi Zengxu Investment Center (Limited Partnership), etc. The raised 4.2 billion yuan will be used to acquire 100 percent equities of Beijing Jinhanwang Technology Co., Ltd. and construct Cloud computing operation center. The company thus enters into electric information industry. Zexi Zengxu Investment Center with Shanghai Zexi Investment Management Co., Ltd. as its GP, will subscribe 32.09 million shares, accounting for 6.08 percent of the total share capital after issuance. The net profit of the subject asset in 2014 records 61.54 million yuan and the closing net asset is 410 million yuan. The Cloud computing operation center will become a large-scale Internet data storage center upon completion and provide downstream customers with co-location service, host renting service, etc. 11,000 cabinets will be available for renting after completion of the project. The average annual profit of the project will total 570 million yuan after all cabinets are rented.
○ Joyson Electronic obtains orders from Tesla
------
German Purui Holdings Co., Ltd., a subsidiary controlled by Ningbo Joyson Electronic Corp. (600699.SH), gains procurement order on the sensors and relevant components of battery management system from Tesla Motors, and has started to deliver products. Moreover, Ningbo Chancheng Joyson New Energy Technology Co., Ltd., a subsidiary of the company, joins hands with Zhejiang CSR Electric Vehicle Co., Ltd. to jointly develop energy-storage-type modern electric car energy management system integration and super-capacitor application management system. CSR Electric Vehicle is an energy-storage-type electric vehicle platform prioritized by CSR Corporation Limited.
[Financial Reports Express]
○ Air China and Shanxi Securities see large surge of net profit in Q1
------
Due to the income growth from transport during the Spring Festival and the cost reduction resulted by decreasing oil price, Air China Limited (601111.SH; 00753.SZ) expects its net profit in the first quarter to see a year-on-year growth of 1700 to 1900 percent; due to the bullish securities market and rapid growth of trading volume, the net profit in the first quarter of Shanxi Securities Co., Ltd. (002500.SZ) sees a year-on-year growth of 258 percent.
○ Pientzehuang Phar., Zhejiang Jingu, Shapuaisi Phar., Dong Yi Ri Sheng Home Decoration and Kingenta Ecological Engineering plan high share conversion and dividend
------
With net profit in 2014 seeing a year-on-year growth of 2 percent, Zhangzhou Pientzehuang Pharmaceutical Co., Ltd. (600436.SH) proposes a 15-for-10 conversion of capital surplus into shares combined with 9 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 41 percent, Zhejiang Jingu Co., Ltd. (002488.SZ) proposes a 15-for-10 conversion of capital surplus into shares combined with 2 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 26 percent, Zhejiang Shapuaisi Pharmaceutical Co., Ltd. (603168.SH) proposes a 10-for-10 bonus shares and a 5-for-10 conversion of capital surplus into shares combined with 7.24 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 10 percent, Dong Yi Ri Sheng Home Decoration Group Co., Ltd. (002713.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with 6 yuan dividend for every 10 shares; with net profit in 2014 seeing a year-on-year growth of 30 percent, Kingenta Ecological Engineering Group Co., Ltd. (002470.SZ) proposes a 10-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for every 10 shares.
[Trading Trends]
○ Shangfeng Industrial Holdings bought through four institutional seats
------
The trading volume ranking list on April 16 shows that Zhejiang Shangfeng Industrial Holdings Co., Ltd. (000967.SZ) was bought through four institutional seats with a total of 160 million yuan, accounting for 34 percent of its intraday turnover. Another institution sold 26.09 million yuan.
Comment: Universtar Science & Technology（Shenzhen）Co., Ltd., acquired by Shangfeng Industrial Holdings, is a leading enterprise in environmental protection monitoring area. Universtar Science & Technology has made planning in intelligent environment, environment treatment, water treatment, ecological restoration, etc. After acquisition, Universtar Science & Technology can solve the problem of capital source and provide sufficient capital support to various environmental protection businesses by resorting to the platform of the listed company.
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