[Today's Guide]
○ Google's AI beats top Go player, AI to see rapid development
○ Vocational education to see policy supports, household appliance giants display intelligent products
○ Several companies see increase in shareholding, Ping An Bank see 10 pct growth in net profits
○ Siasun Robot ＆ Automation proposes high share conversion and dividend, Jingsheng Mechanical ＆ Electrical expects growth in Q1
[SSN Focus]
○ Google's AI beats top Go player, AI to see rapid development
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Google's artificial intelligence (AI) computer program AlphaGo on March 9 won the first of five matches against South Korean Go players Lee Sedol. The complex board game Go is much complicated than international chess as it has 10170 possible board configurations. The AlphaGo's victory marks a dramatic advance for the AI field. Data shoes that compared with other AI programs, AlphaGo can learn, which means it can learn lesson from its own mistakes.
Comment: America and European countries have made plan on the national level to develop artificial intelligence. China will propose to implement projects in relation to brain science and brain-like research during the 13th Five-Year Plan period. Institutes believe that as "deep learning" neural network algorithm achieves success in speech and image recognition, artificial intelligence will see rapid development. Among listed companies, Csg Smart Science ＆ Technology Co., Ltd. (300222.SZ) plans to buy shares in Shanghai Lingzhi Robotic Technology Co., Ltd. The latter has advantages in the field of multi-mode robot recognition and intelligent interaction. Ningbo Cixing Co., Ltd. (300307.SZ) has shares in Beijing Interjoy Technology Co., Ltd. The latter has technical reserve in the mode recognition, deep learning and other AI fields. The controlling shareholder of Shanghai Fudan Forward Science ＆ Technology Co., Ltd. (600624.SH) has strong competitive strength in brain project.
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[SSN Selection]
○ Pan Gongsheng, vice governor of China's central bank, indicated on March 9 that the central bank is preparing to construct a national bill market. The industry believes that the electronization of paper bill is an inevitable trend.
○ Jiang Daming, Minister of Land and Resources said that the ministry will take measures to guarantee house consumption demands, control investment scale, optimize structure and control by classification, thus reasonably increase land supply in urban areas.
○ Simmons ＆ Company International said in a report that the dramatic decrease of drilling numbers is likely to reserve the world's oil supply trend. As of 20:50, Beijing time, New York crude oil rises nearly 2 percent.
○ Fujian Sansteel Minguang Co., Ltd. (002110.SZ), Beijing Supermap Software Co., Ltd. (300036.SZ) and Qingdao Kingking Applied Chemistry Co., Ltd. (002094.SZ) were nodded by the China Securities Regulatory Commission (CSRC) to issue shares to purchases. The three will resume trading on March 10.
○ China Greatwall Computer Shenzhen Co., Ltd. (000026.SZ) plans to issue new shares to merge GreatWall Information Industry Co., Ltd. (000748.SZ). The former will resume trading on March 10.
[Industry Information]
○ Vocational education to see policy supports, industrial development to speed up
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The National Development and Reform Commission (NDRC) today (March 9) disclosed that it will prepare and release the 13th Five-year Plan on the Development of National Education and study the preparation of the China Educational Modernization 2030 to encourage qualified ordinary universities to transform into application-oriented ones. In addition, the fourth session of China's 12th National People's Congress will hold a press conference on March 10. Minister of Education Yuan Guiren will be invited to answer questions on the "reform and development of education".
Comment: Institutes believe that as an integral part of the education system in China, vocational education plays a key role in solving the shortage of skilled workers in enterprises and will support the supply-side reform. With policy supports, the vocational education industry will see rapid development. In terms of listed companies, as a platform for vocational educational assets consolidation under Peking University, China Hi-Tech Group Co., Ltd. (600730.SH) is actively expanding high-degree vocational education and vocational training. Fuzhou Institute of Technology under Guomai Technologies, Inc. (002093.SZ) is principally engaged in training application-oriented and skilled talents.
○ Household appliance giants display intelligent products on promising outlook
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The 2016 Appliance ＆ Electronics World Expo kicked off on March 9. This time, "smart home" got an independent pavilion for the first time. SSN learnt from the Expo site that exhibitors, including Haier Electronics Group Co., Ltd. (01169.HK) and Midea Group Co., Ltd.(000333.SZ), displayed various kinds of Internet-based intelligent household appliances. Almost all appliances has applied the Internet of Things and intelligent software and hardware. Users can control their household appliances, lighting and security equipment via mobile terminal, voice and body sense.
Comment: in recent years, giants in Internet and furniture industries have all actively deployed in smart home. According to the forecast of market research institutions, China's smart home industry is about to see explosive growth, and the market size is expected to reach 180 billion yuan by 2018. Furniture enterprises can upgrade its products through smart home. Carrier communication and intelligent controller sectors are also expected to benefit from it.
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[Announcement Interpretation]
○ Several companies see increase in shareholding
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The largest shareholder of Hefei Department Store Group Co., Ltd. (000417.SZ) on March 8 increased holding 420,000 shares of the company. Lian Jian, director of Wuhu Token Sciences Co., ltd. (300088.SZ) on March 9 increased 980,000 shares of the company. Controlling shareholder of Ningbo Sanxing Medical Electric Co., ltd. (601567.SH) on March 9 continued to increase 1,190,000 shares of the company. Shandong Qixing Iron Tower Co., Ltd. (002359.SZ) on March 9 increased holding 1, 180,000 shares of the company. Controlling shareholder of Jiangsu Linyang Energy Co., Ltd. (601222.SH) on March 9 increased holding 620,000 shares of the company.
○ Zhongmin Energy applies to remove special treatment
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Zhongmin Energy Co., Ltd. (600163.SH) turns loss in to gains according to its annual report. The board of directors made an agreement to apply to the Shanghai Stock Exchange to revoke delisting risk warning. The company has implemented and completed major assets reorganization, and its main businesses have transformed from the production and sales of newsprint and culture paper and forest culture and management to power generation and sales businesses. The wholly owned subsidiary Zhongmin Energy is primarily engaged in wind and photovoltaic power generation businesses.
○ Sany Heavy Industry introduces ESOP
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Sany Heavy Industry Co., Ltd. (600031.SH) introduced an employee stock ownership plan, which will be implemented in two phases. The cap of fundraising for each phase of 400 million yuan, and in aggregate no more than 800 million yuan. The first phase is intended to directors, supervisors and senior management of the company. The first phase of the plan will subscribe the secondary unit of two assets management plans set up by Guosen Securities on an equal basis. The upper limit of the two units are all 600 shares, the percentage of prime-level and the subprime level units is 2:1. Calculating based on the cap of assets management plan of the two phases of ESOP of 2.4 billion yuan and the latest share price of 5.48 yuan per share, shareholding of assets management plan accounts for no more than 6 percent of the company's share capital.
○ Tatwah Smartech raise RMB4.3 bln to expand the Internet of things industry chain
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Tatwah Smartech Co., Ltd. (002512.SZ) proposes to issue 300 million shares through private placement to raise 4.35 billion yuan, which will be used for the construction of integrate payment, business factoring, intelligent life platform and operating channel, supplementing working capital, and enhancing the Internet of things industry chain. The company also plans to acquire equities offshore financial enterprise. Currently the company has reached agreements with some target companies.
[Financial Reports Express]
○ The first annual report of bank unveiled, Ping An Bank see 10 pct growth in net profits
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The first annual report of A-share market listed bank unveiled. Ping An Bank Co., Ltd (000001.SZ) realized 10.42 percent growth in net profits according to its annual report. The basic earnings per share is 1.56 yuan. The company proposes 2-for-10 conversion of capital surplus into shares combined with 1.53 yuan dividend for every 10 shares.
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○ Siasun Robot ＆ Automation proposes high share conversion and dividend in annual report
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Siasun Robot ＆ Automation Co., Ltd. (300024.SZ) reported 21.33 percent growth according to its annual report, and proposes 8-for-10 conversion of capital surplus into shares combined with four shares and 1 yuan dividend for every 10 shares. Besides, Rainbow Department Store Co., Ltd. (002419.SZ) reported 124 percent growth in net profits, and proposes 5.5 yuan dividend for every 10 shares. Foshan Haitian Flavouring and Food Company Ltd. (603288.SH) reported 20 percent growth in net profits in its annual report, and proposes 6 yuan dividend for every 10 shares.
○ Jingsheng Mechanical ＆ Electrical expects growth in Q1
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Zhejiang Jingsheng Mechanical ＆ Electrical Co., Ltd. (300316.SZ) reported 59 percent growth in its annual report, and expect 30 to 60 percent growth for the first quarter, primarily due to substantial increase in crystal growth equipment orders.
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