[Today's Guide]
○ Shanghai to construct charging piles, more investments expected
○ Scientific research institutes reform to speed up, CASC companies to benefit
○ Nonghua Intelligent Agriculture Technology and others see increase in shareholding, Shunrong Sanqi Interactive Entertainment Network Technology to inject capital into Mokylin Digital Technology
○ Lotus Health proposes to launch ESOP, Wanda Cinema Line witnesses huge growth in box-office
[SSN Focus]
○ Shanghai to construct charging piles, more investments expected
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The State Grid Shanghai Municipal Electric Power Company and Shanghai International Automobile City signed a strategic cooperation agreement on Feb. 3. The two sides plan to introduce over 6,000vehicles for time-phased leasing by the end of 2017 and will prepare the corresponding stations and parking spaces for time-phased leasing. It is reported that the State Grid Shanghai will establish 229 urban quick charging stations, 22 intercity quick charging stations and 14 charging stations for buses with a total of 4,000 new charging piles this year. All high-speeds road in Shanghai will be access to charging services by the year-end.
Comment: The two parties in the cooperation are two leaders in the public charging and time-phased leasing industries for new energy vehicles in Shanghai. Institutes believe that the shortage of charging piles has become the bottleneck in the development of new energy vehicles. With the increasing terminal demands, the investment in the charging industry will surge. Shanghai Potevio Co., Ltd. (600680.SH) owns complete solutions in the research and development and manufacturing of charging equipment for electric vehicles. Zhejiang Wanma Co., Ltd. (002276.SZ) plans to expand from charging equipment to charging operation through the establishment a wholly-owned subsidiary. Shenzhen Auto Electric Power Plant Co., Ltd. (002227.SZ) proposes to establish a cloud platform for charging network services for electric vehicles covering major cities in China.
◆ Signs show that the surging sales of new energy vehicles is driving the whole industrial chain. Guoxuan High-Tech Co., Ltd. (002074.SZ) announced that it signed a contract with Zhongtong Bus Holding Co., Ltd. (000957.SZ) recently. It will provide the latter with power batteries of 1.04 billion yuan. The transaction amount between the two parties was only 200 million yuan last year. The enlarged meeting of local Party committees of Ganzi Tibetan Autonomous Prefecture proposed to concentrate on building China's capital of lithium. It is reported that the local government is actively coordinating the development policies of all mines. The subsidiaries of Youngy Co., Ltd. (002192.SZ) and Sichuan Tianqi Lithium Industries, Inc. (002466.SZ) are expected to break the bottleneck in the exploitation of local lithium ores.
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[SSN Selection]
○ The highvoltage direct current project from northwest Yunnan to Guangdong in the West-East electricity transmission project kicked off on Feb. 3. Institutes are rosy about the profit of highvoltage projects in the following two years.
○ China Railway determined to cut the coal freight from Feb. 4. It is estimated that coal enterprises can save about 10 billion yuan in logistics for a whole year.
○ Statistics show that 561 listed companies released announcement on shareholding increases by shareholders in January, far above the monthly average of 283 in the fourth quarter of 2015.
○ Tens of companies released the number of their shareholders as at end-January recently. Shenzhen Jinjia Color Printing Group Co., Ltd. (002191.SZ) and Anhui Annada Titanium Industry Co., Ltd. (002136.SZ) saw great improvement in the concentration of equities.
○ Tickets for Shanghai Disneyland will go on sale to the public on March 28. The ticket price is set at 499 yuan on June 16 when it opens.
[Industry Information]
○ Scientific research institutes reform to speed up, CASC companies to see opportunities
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It is learnt from the annual work conference of the China Aerospace Science and Technology Corporation (CASC) held recently that under the background of the stable advancing of the classification and reform of military engineering and scientific research institutes, the CASC, as a leader in the national defense industry, will speed up in various reforms. CASC Chairman Lei Fanpei emphasized that it will strive to complete all tasks in reform, development and construction in 2016. SSN reported on Jan. 14 that certain plans on the classification and reform of military engineering and scientific research institutes have been drafted and submitted and will be released soon.
Comment: Institutes believe that the asset securitization ratio of the CASC is only about 20 percent featured with large institutes and small enterprises. The scientific research institutes with high profitability enjoy huge potential in asset securitization after reforms. China Spacesat Co., Ltd. (600118.SH), a listed company under the CASC, is a leader in the research of micro and small satellites in China. As the only listed platform under the Fifth Institute of the CASC, the company is expected to be injected with big satellite assets. China Aerospace Times Electronics Co., Ltd. (600879.SH) focuses on the development of unmanned aerial vehicle (UAVs). Driven by the restructuring of institutes, the 13th and 771th institutes of the Ninth Institute of the CASC are expected be injected into the listed company.
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[Announcement Interpretation]
○ Nonghua Intelligent Agriculture Technology and others see increase in shareholding
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Jiangsu Jianghuai Engine Co., Ltd., controlling shareholder of Jiangsu Nonghua Intelligent Agriculture Technology Co., Ltd. on Feb. 3 continued to increase holding 9,510,000 shares of the company. Zou Chenghui, actual controller of Jiangsu Akcome Science and Technology Co., Ltd. (002610.SZ), increased holding 3,770,000 shares of the company from Jan. 27 to Feb. 1. RiseSun Enterprises Holdings Limited, controlling shareholder of RiseSun Real Estate Development Co., Ltd. (002146.SZ), increased holding 7.6 million shares of the company from Jan. 29 to Feb. 2. Lanhai Shangshou, substantial shareholder of China Shipping Haisheng Co., Ltd. (600896.SH), on Feb. 3 increased holding of 2.6 million shares of the company. Yihua Enterprise (Group) Co., Ltd., controlling shareholder Guangdong Yihua Timber Industry Co., Ltd., on Feb.2-3 continued to increase holding 2 million shares of the company.
Besides, Xingyuan Holding Company Limited, controlling shareholder of Xingyuan Environment Technology Co., Ltd. (300266.SZ), increased holding 4,140,000 shares of the company from Jan. 29 to Feb. 2, and completed the goal of increase 1 percent share capital in the company. It proposes to continue to increase no more than 1 percent share capital of the company in the next six months.
○Shunrong Sanqi Interactive Entertainment Network Technology to inject RMB400 mln into Mokylin Digital Technology, to expand game business
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Tibet Taifu Culture＆Media Company Limited, a company under Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co., ltd. (002555.SZ)'s subsidiary, proposes to increase capital of 430 million yuan into Shanghai Mokylin Digital Technology Company Limited for 32.35 percent of its shareholding. Mokylin Digital Technology has a variety of game products. In December 2015, the Three Kingdom themed action mobile game developed by the company was launched on IOS and Android systems. In the month when it was launched, the game steadily ranked the fourth of the bestseller list.
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○ Lotus Health proposes to launch ESOP
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Lotus Health Industry Holding Group Company (600186.SH) proposes to launch an employee stock ownership plan (ESOP) with a total of no more than 600 million yuan. The first phase targets at a fundraising of no more than 120 million yuan in aggregation, which involves an estimated 20,870,000 shares. The company will engage Changjiang Securities Assets Management Lotus Health Assets Management Plan to manage the plan. The ceiling will be 120 million portions, with the proportion of priority class and enterprising portion of 2:1.
○ Wanda Cinema Line witnesses75 pct growth in box-office in Jan., intends to buy film and television companies
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Wanda Cinema Line Co., Ltd. (002739.SZ) realized 670 million yuan in box-office this January, up 75 percent year on year. The number of audience reached 16,560,000 person time. The company plans to acquire the entire equity of Dalian Ownar Cineplex, Happy Cinemas and Chifeng Big Dipper Cinema. Dalian Ownar Cineplex has 6 cinemas with 46 screens, Happy Cinemas and Chifeng Big Dipper Cinema has 7 cinemas with 46 screens in total.
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[Financial Reports Express]
○ Bode Energy Equipment expects growth
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Bode Energy Equipment Co., Ltd. (300023.SZ) expects 673 to 1009 percent growth in its Q1 report, primarily due to the combination of Qinghui Leasing to its financial statements.
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