[Today's Guide]
> Group for Deepening Reform promotes innovation in reform, science and technology parks to play larger role
> Policies for construction of ecological civilization launched, four authorities to assess promotion of new energy cars
> Deluxe Family to invest in Graphenes Group, Huawu Brake’s employees to fully subscribe private placement
> TGOOD Electric to acquire Chuan Kai Electric, well-known institutes to participate in Haining China Leather Market‘s private placement
[XFA Focus]
○ Group for Deepening Reform promotes innovation in reform, science and technology parks to play larger role
------
Chinese President Xi Jinping held the 12th Meeting of the Central Leading Group for Deepening Overall Reform on May 5. The meeting approved the Overall Scheme about Pushing Forward Comprehensive Innovative Reform Pilot in Some Regions and Systems, the Implementation Scheme of Deepening Scientific and Technological System Reform, etc. It also proposed to carry out pilot comprehensive innovation reform in some regions and systems, and encourage pilot areas to play a leading role; make breakthroughs in significant areas and key links of the reform of scientific and technological system by 2020.
Comment: Under new normal, innovation-driven mode is gradually replacing traditional investment-driven mode to become the new driver of sustainable economic development. The senior management advocates “popular innovation”, and some regions actively respond to this theme too: Shanghai ranks the construction of global scientific research innovation center as the top priority of the municipal Party committee this year and strives to form an overall scheme in the second quarter; Beijing indicates that it will accelerate the construction of comprehensive innovation reform pilot zone; Wuhan City proposes to speed up in constructing national innovative city. Shanghai Zhangjiang Hi-tech Park Development Co., Ltd. (600895.SH), Beijing Centergate Technologies (Holding) Co., Ltd. (000931.SZ), Wuhan East Lake High Technology Group Co., Ltd. (600133.SH), etc. might share innovation results by operating the science and technology parks or developing equity investment in enterprises in the parks.
[XFA Selection]
○ Most of the medicines in China will be decontrolled by governmental pricing from June 1. Blood products, whose supply fall short of demand, might see benefit first.
○ New national standard for air cleaner will be launched in June this year at the soonest. It will help to improve industrial problems and market popularization.
○ Jiangsu Province will convene a work meeting to implement the “One Belt and One Road” strategy in Lianyungang City on May 6 and inspect the China-Kazakhstan International Logistics Cooperation Base.
○ Alibaba Group Holding Limited (NYSE: BABA) issues cross-border import strategy and proposes to build its 1688.com into the world largest import distribution platform.
○ The size of securities trust reached 2.23 trillion yuan by the end of the first quarter, indicating a year-on-year growth of 80 percent.
○ By April 30, the A-share accounts holding shares occupy 31.6 percent of the total accounts, picking up for the sixth consecutive week.
[Industry Information]
○ Policies for construction of ecological civilization launched, forestry resources value to climb
------
The central government and the State Council launch the Opinions on Accelerating the Construction of Ecological Civilization, requiring comprehensively promoting the recycling of resources and stimulating the fundamental change of utilization mode; intensifying efforts in protecting natural ecological system and environment to truly improve the quality of ecological environment.
Comment: Chinese President Xi Jinping once emphasized that forestry shall create better ecological conditions for a beautiful China. The relevant documents on state forestry center reform launched earlier also emphasized to push forward the development of forestry to transform from timber-production-oriented to ecology-repair-and-construction-oriented, and from economic-benefit-focused to ecological-service-providing. Under the general trend of strengthening the construction of ecological civilization, the value of forestry resources will surge in the long run. As for listed companies, Guangxi Fenglin Wood Industry Group Co., Ltd. (601996.SH) owns around 200,000 mu lands for forest management and forestation in Guangdong and Guangxi Provinces; Shandong Chenming Paper Holdings Limited (000488.SZ; 01812.HK) owns a forest land with forest right certificate of more than 2 million mu; Fujian Jinsen Forestry Co., Ltd. (002679.SZ) has a high proportion of commercial timber plantation, conforming to national policies on encouraging the change from natural forest cut to planted forest cut.
○ Four authorities to assess promotion of new energy cars, construction of charging piles to increase
------
Four authorities including the Ministry of Science and Technology and the Ministry of Finance jointly issue the Notice on Developing Assessment of Urban Promotion and Application of New Energy Cars, claiming to inspect the promotion status of new energy cars from May 15. The inspection will mainly focus on the number of new energy cars applied in each city, the construction of charging piles, etc.
Comment: The State has launched a string of policies to support the development of new energy car industry and the 2016-2020 new energy car subsidy policy has just been launched. Industry experts indicate that more incentive funds will be given to cities with good promotion and make them spare larger efforts in promoting the development of new energy car. The precondition for the popularization of electro-car is to complete charging pile networking. Institutions estimate that the market size of road, urban and household charging piles will reach trillions of yuan. As for listed companies, the charging pile products of Shenzhen Kstar Science & Technology Co., Ltd. (002518.SZ) have been sold overseas and domestic market promotion is also undergoing; Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ) plans to finance around 400 million yuan to invest in projects like the marketing service networking of electro-car charging facilities, etc.
[Announcement Interpretation]
○ Deluxe Family to invest in Graphenes Group to develop robots and space vehicles
------
Deluxe Family Co., Ltd. (600503.SH) proposes to raise 2.66 billion yuan by issuing shares at 5.6 yuan per share to Nanjiang Group, its substantial shareholder, through private placement. 750 million yuan will be used in acquiring 100 percent equities of Beijing Graphenes Group Co., Ltd. and as an additional investment of 400 million yuan. 700 million yuan will be invested in the intelligent robot project of Nanjiang Robotics Co., Ltd. The remaining 810 million yuan will be invested in the near space vehicle project of Beijing Nanjiang Aerospace Technology Co., Ltd. The shareholding of Nanjiang Group in Deluxe Family will increase to 28.39 percent from 7.12 percent. The substantial shareholder committed that the total net profit of Graphenes Group from 2015 to 2017 will be no less than 74.11 million yuan. In addition, Deluxe Family also intends to invest 750 million yuan in Xiamen International Bank.
Comment: With the industrialization of the graphenes and robots under the cooperation among Nanjiang Group, Chinese Academy of Sciences and Zhejiang University, the graphenes as a new material will supply solutions to near space vehicle and robot projects. The three industries will involve intelligent robots, surveying and mapping, security and other areas.
○ Huawu Brake to develop main business with RMB400 mln, own employees to fully subscribe
------
Jiangxi Huawu Brake Co., Ltd. (300095.SZ) plans to raise 400 million yuan by issuing 42.92 million shares at 9.32 yuan per share through private placement to invest in industrialization of the braking system for rail vehicles, the industrial brake initialization project and supplementing working capital. Nie Lulu, the daughter of the actual controller and the Phase-1 employee shareholding and assets management plan of the company will fully subscribe. The construction of the industrialization of the braking system for rail vehicles will facilitate the replacement of imported products in the braking system for rail vehicles in China.
○ TGOOD Electric to acquire Chuan Kai Electric with RMB690 mln
------
Qingdao TGOOD Electric Co., Ltd. (300001.SZ) intends to issue 37.79 million shares at 18.26 yuan per share through private placement to acquire 100 percent equities of Chuan Kai Electric Co., Ltd. at 690 million yuan. At the same time, it plans to raise a supporting fund of 230 million yuan from Jian Xingfu and China Asset Management Co., Ltd. for the fund-raising and investment in the target company.
Chuan Kai Electric is engaged in the integrated service for the research and development, sale, installment and inquiries of complete electric equipment, which is complementary with the business of TGOOD Electric. The counterparty committed that the net profit of Chuan Kai Electric from 2015 to 2017 will be 67.88 million yuan, 75.10 million yuan and 82.98 million yuan, respectively.
○ Haining China Leather Market to raise RMB1.7 bln through private placement with well-known institutes to participate
------
Haining China Leather Market Co., Ltd. (002344.SZ) proposes to raise 1,741 million yuan by issuing shares at 19.36 yuan per share through private placement to acquire major assets of Wuhan Haining Leather City as well as the establishment of Phase-VI of Chinese Leather City and the smart city. Well-known institutes, including Zhejiang Silicon Jiuhong, National Social Security Fund 504, PingAn Asset Management Co., Ltd., the PE established by Shanghai Rosefinch Asset Management Co., Ltd. as well as the Harmonious Health under Anbang Insurance. In addition, the Caitong Fund and Assets Management Plan set by certain directors, executives and senior management of the company will also participate in the subscription.
○ Kaile Science and Technology to develop wearable and Internet-based medical treatment with RMB1 bln through private placement
------
Kaile Science and Technology Co., Ltd. Hubei (600260.SH) plans to issue 79 million shares at 12.42 yuan per share to Tianjin Heaven-Sent Equity Investment Management Co., Ltd. and other four subscribers. It will raise 981 million yuan, of which 180 million yuan will be invested in the wearable intelligent equipment industrialization project of its subsidiary Shanghai Vanzo Communication Technology Co., Ltd. 208 million yuan will be invested in the regional medical information integrated industrialization project of Hunan Changxin Changzhong Technology Co., Ltd. and the remaining will repay bebts. The average annual profit of the wearable equipment project of Vanzo Communication will be 46.89 million yuan. The regional medical information integrated industrialization project will see an average annual net profit of 43.89 million yuan after establishment.
○ Shanshan to develop new energy vehicles with RMB3.4 bln through private placement
------
Ningbo Shanshan Co., Ltd. (600884.SH) intends to raise 3,445 million yuan by issuing shares at 22.97 yuan per share through private placement. Shanshan Group will subscribe 2,067 million yuan. Huaxia Life Insurance Co., Ltd. and Tianan Insurance Co., Ltd. will subscribe 689 million yuan, respectively. About 780 million yuan of the proceeds will be invested in the project of lithium-ion power battery materials with an annual capacity of 35,000 tones. 2.22 billion yuan will be invested in the new energy vehicles project and the remaining will supplement working capital. As the biggest lithium-ion power battery materials supplier in China, Shanshan determines to develop in the downstream application area—the new energy vehicles area.
[Trading Trends]
○ Shanghai Composite Index sees biggest decline since Jan. 19, institutes rosy about long-term bullish market
------
The Shanghai Composite Index tumbled 4 percent on May 5 to below 4,400 and 4,300 points, seeing the biggest intraday drop since Jan. 19. The trading turnover hit 1,367.4 billion yuan, representing a slight increase from the previous day. Analysts at Shenyin & Wanguo Securities indicated in an interview that as the economy is experiencing interest cut and OTC capitals are waiting to enter the stock market, major conditions for a bullish market remain there. Haitong Securities Company Limited (600837.SH) believes that the growth stocks represented by the ChiNext Board will highlight the long-term bullish market. Value stocks will see opportunities with policies at different time.
[Trade Alarms]
○ Nine new shares for subscription on May 6, including Xuefeng Sci-Tech
------
Xinjiang Xuefeng Sci-Tech (Group) Co., Ltd. (732227.SH) issues shares at 4.98 yuan per share with an upper subscription limit of 32,000 shares for each account. Shanghai Hile Bio-Technology Co., Ltd. (732718.SH) issues shares at 6.81 yuan per share with an upper subscription limit of 28,000 shares for each account. Shanghai Xintonglian Packaging Co., Ltd. (732022.SH) issues shares at 14.31 yuan per share with an upper subscription limit of 8,000 shares for each account. All Winner Technology Co., Ltd. (300458.SZ) issues shares at 12.73 yuan per share with an upper subscription limit of 16,000 shares for each account. Beijing NAV Technology Co., Ltd. (300456.SZ) issues shares at 14.01 yuan per share with an upper subscription limit of 8,000 shares for each account. Beijing Ctrowell Technology Corporation Limited. (300455.SH) issues shares at 6.88 yuan per share with an upper subscription limit of 14,000 shares for each account. Jiang Xi Sanxin Medtec Co., Ltd. (300453.SZ) issues shares at 12.87 yuan per share with an upper subscription limit of 7,500 shares for each account. Wuxi Lead Auto Equipment Co., Ltd. (300450.SZ) issues shares at 21.21 yuan per share with an upper subscription limit of 6,500 shares for each account. Beijing New Oriental Star Petrochemical Engineering Co., Ltd. (002755.SZ) issues shares at 7.49 yuan per share with an upper subscription limit of 10,000 shares for each account.
Full subscription of these shares needs 1.19 million yuan in total. Institutes advise Xuefeng Sci-Tech as the first choice. It is located in Xinjiang Uygur Autonomous Region and is principally engaged in civil explosives. It is likely to benefit from the driving of the One Belt and One Road strategy on mineral exploitation and infrastructure investment. All Winner Technology, which is principally engaged in chips for intelligent terminal application processors, is also recommended by institutes.
> Group for Deepening Reform promotes innovation in reform, science and technology parks to play larger role
> Policies for construction of ecological civilization launched, four authorities to assess promotion of new energy cars
> Deluxe Family to invest in Graphenes Group, Huawu Brake’s employees to fully subscribe private placement
> TGOOD Electric to acquire Chuan Kai Electric, well-known institutes to participate in Haining China Leather Market‘s private placement
[XFA Focus]
○ Group for Deepening Reform promotes innovation in reform, science and technology parks to play larger role
------
Chinese President Xi Jinping held the 12th Meeting of the Central Leading Group for Deepening Overall Reform on May 5. The meeting approved the Overall Scheme about Pushing Forward Comprehensive Innovative Reform Pilot in Some Regions and Systems, the Implementation Scheme of Deepening Scientific and Technological System Reform, etc. It also proposed to carry out pilot comprehensive innovation reform in some regions and systems, and encourage pilot areas to play a leading role; make breakthroughs in significant areas and key links of the reform of scientific and technological system by 2020.
Comment: Under new normal, innovation-driven mode is gradually replacing traditional investment-driven mode to become the new driver of sustainable economic development. The senior management advocates “popular innovation”, and some regions actively respond to this theme too: Shanghai ranks the construction of global scientific research innovation center as the top priority of the municipal Party committee this year and strives to form an overall scheme in the second quarter; Beijing indicates that it will accelerate the construction of comprehensive innovation reform pilot zone; Wuhan City proposes to speed up in constructing national innovative city. Shanghai Zhangjiang Hi-tech Park Development Co., Ltd. (600895.SH), Beijing Centergate Technologies (Holding) Co., Ltd. (000931.SZ), Wuhan East Lake High Technology Group Co., Ltd. (600133.SH), etc. might share innovation results by operating the science and technology parks or developing equity investment in enterprises in the parks.
[XFA Selection]
○ Most of the medicines in China will be decontrolled by governmental pricing from June 1. Blood products, whose supply fall short of demand, might see benefit first.
○ New national standard for air cleaner will be launched in June this year at the soonest. It will help to improve industrial problems and market popularization.
○ Jiangsu Province will convene a work meeting to implement the “One Belt and One Road” strategy in Lianyungang City on May 6 and inspect the China-Kazakhstan International Logistics Cooperation Base.
○ Alibaba Group Holding Limited (NYSE: BABA) issues cross-border import strategy and proposes to build its 1688.com into the world largest import distribution platform.
○ The size of securities trust reached 2.23 trillion yuan by the end of the first quarter, indicating a year-on-year growth of 80 percent.
○ By April 30, the A-share accounts holding shares occupy 31.6 percent of the total accounts, picking up for the sixth consecutive week.
[Industry Information]
○ Policies for construction of ecological civilization launched, forestry resources value to climb
------
The central government and the State Council launch the Opinions on Accelerating the Construction of Ecological Civilization, requiring comprehensively promoting the recycling of resources and stimulating the fundamental change of utilization mode; intensifying efforts in protecting natural ecological system and environment to truly improve the quality of ecological environment.
Comment: Chinese President Xi Jinping once emphasized that forestry shall create better ecological conditions for a beautiful China. The relevant documents on state forestry center reform launched earlier also emphasized to push forward the development of forestry to transform from timber-production-oriented to ecology-repair-and-construction-oriented, and from economic-benefit-focused to ecological-service-providing. Under the general trend of strengthening the construction of ecological civilization, the value of forestry resources will surge in the long run. As for listed companies, Guangxi Fenglin Wood Industry Group Co., Ltd. (601996.SH) owns around 200,000 mu lands for forest management and forestation in Guangdong and Guangxi Provinces; Shandong Chenming Paper Holdings Limited (000488.SZ; 01812.HK) owns a forest land with forest right certificate of more than 2 million mu; Fujian Jinsen Forestry Co., Ltd. (002679.SZ) has a high proportion of commercial timber plantation, conforming to national policies on encouraging the change from natural forest cut to planted forest cut.
○ Four authorities to assess promotion of new energy cars, construction of charging piles to increase
------
Four authorities including the Ministry of Science and Technology and the Ministry of Finance jointly issue the Notice on Developing Assessment of Urban Promotion and Application of New Energy Cars, claiming to inspect the promotion status of new energy cars from May 15. The inspection will mainly focus on the number of new energy cars applied in each city, the construction of charging piles, etc.
Comment: The State has launched a string of policies to support the development of new energy car industry and the 2016-2020 new energy car subsidy policy has just been launched. Industry experts indicate that more incentive funds will be given to cities with good promotion and make them spare larger efforts in promoting the development of new energy car. The precondition for the popularization of electro-car is to complete charging pile networking. Institutions estimate that the market size of road, urban and household charging piles will reach trillions of yuan. As for listed companies, the charging pile products of Shenzhen Kstar Science & Technology Co., Ltd. (002518.SZ) have been sold overseas and domestic market promotion is also undergoing; Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ) plans to finance around 400 million yuan to invest in projects like the marketing service networking of electro-car charging facilities, etc.
[Announcement Interpretation]
○ Deluxe Family to invest in Graphenes Group to develop robots and space vehicles
------
Deluxe Family Co., Ltd. (600503.SH) proposes to raise 2.66 billion yuan by issuing shares at 5.6 yuan per share to Nanjiang Group, its substantial shareholder, through private placement. 750 million yuan will be used in acquiring 100 percent equities of Beijing Graphenes Group Co., Ltd. and as an additional investment of 400 million yuan. 700 million yuan will be invested in the intelligent robot project of Nanjiang Robotics Co., Ltd. The remaining 810 million yuan will be invested in the near space vehicle project of Beijing Nanjiang Aerospace Technology Co., Ltd. The shareholding of Nanjiang Group in Deluxe Family will increase to 28.39 percent from 7.12 percent. The substantial shareholder committed that the total net profit of Graphenes Group from 2015 to 2017 will be no less than 74.11 million yuan. In addition, Deluxe Family also intends to invest 750 million yuan in Xiamen International Bank.
Comment: With the industrialization of the graphenes and robots under the cooperation among Nanjiang Group, Chinese Academy of Sciences and Zhejiang University, the graphenes as a new material will supply solutions to near space vehicle and robot projects. The three industries will involve intelligent robots, surveying and mapping, security and other areas.
○ Huawu Brake to develop main business with RMB400 mln, own employees to fully subscribe
------
Jiangxi Huawu Brake Co., Ltd. (300095.SZ) plans to raise 400 million yuan by issuing 42.92 million shares at 9.32 yuan per share through private placement to invest in industrialization of the braking system for rail vehicles, the industrial brake initialization project and supplementing working capital. Nie Lulu, the daughter of the actual controller and the Phase-1 employee shareholding and assets management plan of the company will fully subscribe. The construction of the industrialization of the braking system for rail vehicles will facilitate the replacement of imported products in the braking system for rail vehicles in China.
○ TGOOD Electric to acquire Chuan Kai Electric with RMB690 mln
------
Qingdao TGOOD Electric Co., Ltd. (300001.SZ) intends to issue 37.79 million shares at 18.26 yuan per share through private placement to acquire 100 percent equities of Chuan Kai Electric Co., Ltd. at 690 million yuan. At the same time, it plans to raise a supporting fund of 230 million yuan from Jian Xingfu and China Asset Management Co., Ltd. for the fund-raising and investment in the target company.
Chuan Kai Electric is engaged in the integrated service for the research and development, sale, installment and inquiries of complete electric equipment, which is complementary with the business of TGOOD Electric. The counterparty committed that the net profit of Chuan Kai Electric from 2015 to 2017 will be 67.88 million yuan, 75.10 million yuan and 82.98 million yuan, respectively.
○ Haining China Leather Market to raise RMB1.7 bln through private placement with well-known institutes to participate
------
Haining China Leather Market Co., Ltd. (002344.SZ) proposes to raise 1,741 million yuan by issuing shares at 19.36 yuan per share through private placement to acquire major assets of Wuhan Haining Leather City as well as the establishment of Phase-VI of Chinese Leather City and the smart city. Well-known institutes, including Zhejiang Silicon Jiuhong, National Social Security Fund 504, PingAn Asset Management Co., Ltd., the PE established by Shanghai Rosefinch Asset Management Co., Ltd. as well as the Harmonious Health under Anbang Insurance. In addition, the Caitong Fund and Assets Management Plan set by certain directors, executives and senior management of the company will also participate in the subscription.
○ Kaile Science and Technology to develop wearable and Internet-based medical treatment with RMB1 bln through private placement
------
Kaile Science and Technology Co., Ltd. Hubei (600260.SH) plans to issue 79 million shares at 12.42 yuan per share to Tianjin Heaven-Sent Equity Investment Management Co., Ltd. and other four subscribers. It will raise 981 million yuan, of which 180 million yuan will be invested in the wearable intelligent equipment industrialization project of its subsidiary Shanghai Vanzo Communication Technology Co., Ltd. 208 million yuan will be invested in the regional medical information integrated industrialization project of Hunan Changxin Changzhong Technology Co., Ltd. and the remaining will repay bebts. The average annual profit of the wearable equipment project of Vanzo Communication will be 46.89 million yuan. The regional medical information integrated industrialization project will see an average annual net profit of 43.89 million yuan after establishment.
○ Shanshan to develop new energy vehicles with RMB3.4 bln through private placement
------
Ningbo Shanshan Co., Ltd. (600884.SH) intends to raise 3,445 million yuan by issuing shares at 22.97 yuan per share through private placement. Shanshan Group will subscribe 2,067 million yuan. Huaxia Life Insurance Co., Ltd. and Tianan Insurance Co., Ltd. will subscribe 689 million yuan, respectively. About 780 million yuan of the proceeds will be invested in the project of lithium-ion power battery materials with an annual capacity of 35,000 tones. 2.22 billion yuan will be invested in the new energy vehicles project and the remaining will supplement working capital. As the biggest lithium-ion power battery materials supplier in China, Shanshan determines to develop in the downstream application area—the new energy vehicles area.
[Trading Trends]
○ Shanghai Composite Index sees biggest decline since Jan. 19, institutes rosy about long-term bullish market
------
The Shanghai Composite Index tumbled 4 percent on May 5 to below 4,400 and 4,300 points, seeing the biggest intraday drop since Jan. 19. The trading turnover hit 1,367.4 billion yuan, representing a slight increase from the previous day. Analysts at Shenyin & Wanguo Securities indicated in an interview that as the economy is experiencing interest cut and OTC capitals are waiting to enter the stock market, major conditions for a bullish market remain there. Haitong Securities Company Limited (600837.SH) believes that the growth stocks represented by the ChiNext Board will highlight the long-term bullish market. Value stocks will see opportunities with policies at different time.
[Trade Alarms]
○ Nine new shares for subscription on May 6, including Xuefeng Sci-Tech
------
Xinjiang Xuefeng Sci-Tech (Group) Co., Ltd. (732227.SH) issues shares at 4.98 yuan per share with an upper subscription limit of 32,000 shares for each account. Shanghai Hile Bio-Technology Co., Ltd. (732718.SH) issues shares at 6.81 yuan per share with an upper subscription limit of 28,000 shares for each account. Shanghai Xintonglian Packaging Co., Ltd. (732022.SH) issues shares at 14.31 yuan per share with an upper subscription limit of 8,000 shares for each account. All Winner Technology Co., Ltd. (300458.SZ) issues shares at 12.73 yuan per share with an upper subscription limit of 16,000 shares for each account. Beijing NAV Technology Co., Ltd. (300456.SZ) issues shares at 14.01 yuan per share with an upper subscription limit of 8,000 shares for each account. Beijing Ctrowell Technology Corporation Limited. (300455.SH) issues shares at 6.88 yuan per share with an upper subscription limit of 14,000 shares for each account. Jiang Xi Sanxin Medtec Co., Ltd. (300453.SZ) issues shares at 12.87 yuan per share with an upper subscription limit of 7,500 shares for each account. Wuxi Lead Auto Equipment Co., Ltd. (300450.SZ) issues shares at 21.21 yuan per share with an upper subscription limit of 6,500 shares for each account. Beijing New Oriental Star Petrochemical Engineering Co., Ltd. (002755.SZ) issues shares at 7.49 yuan per share with an upper subscription limit of 10,000 shares for each account.
Full subscription of these shares needs 1.19 million yuan in total. Institutes advise Xuefeng Sci-Tech as the first choice. It is located in Xinjiang Uygur Autonomous Region and is principally engaged in civil explosives. It is likely to benefit from the driving of the One Belt and One Road strategy on mineral exploitation and infrastructure investment. All Winner Technology, which is principally engaged in chips for intelligent terminal application processors, is also recommended by institutes.
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