[Today's Guide]
○Outline of 13th Five-Year Plan not involves building strategic emerging industries board, various emerging industries supported
○13th Five-Year Plan for automobiles issued, bringing promising prospect to driving assistance market
○Alibaba Group establishes VR lab, adding new fuel to industrial development
○TGOOD Electric to expand to vehicle charging industry, Wasu Media to expand to vocational education
[SSN Focus]
○Outline of 13th Five-Year Plan not involves building strategic emerging industries board, various emerging industries supported
------
The outline of the 13th Five-Year Plan for China's national economy and social development has been fully released in the evening of March 17, not involving the content of "building up a strategic board for emerging industries". This outline particularly mentions that internet-based economic space will be expanded, and deep deployment will be carried out in the fields including Internet infrastructure, big data and information security. In terms of strategic emerging industries, this outline proposes to greatly promote the innovation and industrialization of the emerging and leading fields, such as advanced semiconductor, robot, intelligent traffic, VR and interactive video, to form a series of new growth points. The outline also lists self-innovation, intelligent power grid, sky-earth integrated information network and etc. into major projects related to scientific and technical innovation.
As to the capital market, the outline proposes to positively create a capital market with openness, transparency, and sound development, raise the ratio of direct financing, lower the leverage ratio, create conditions for implementing the registration-based IPO system, develop multi-level equity financing market, deepen the reform on ChiNext Board and the New Third Board, standardize the regional equity markets, and build up sound board-transforming mechanism and exit mechanism.
[SSN Selection]
○Hualong International Nuclear Power Technology Co., Ltd., jointly funded by China National Nuclear Corporation and China General Nuclear Power Corporation, has been established on March 17, showing that China has formed an integrated force in promoting its third-generation nuclear power technology in overseas markets.
○The Ministry of Commerce expects that China's foreign trade will stabilize with an uptrend after March and it will support competitive e-commercial enterprises to set "overseas warehouse".
○The report released by Chinese Academy of Sciences proposes a roadmap for space science development from 2016 to 2030, listing the satellite plan related to space science into national plan for scientific and technological development.
○The National Energy Administration on March 17 released a document to require that jobs should be done well for wind power generation and its utilization, and the ways to use wind-generated power, including wind power heating, should be expanded.
○Further trading suspension of China Vanke Co., Ltd. (000002.SZ) till June 18 has been approved in shareholders meeting through voting, and Baoneng Group voted to agree this decision.
TOP
[Industry Information]
○13th Five-Year Plan for automobiles issued, bringing promising prospect to driving assistance market
------
SSN learnt that the Opinions on the 13th Five-Year Plan for Automobile Industry has been released on March 17. It requires that innovative system should be built up for the automobile industry during the 13th Five-Year Plan period, and intelligent internet-based automobiles should be positively developed. The document also proposes that the market penetration ratio of new cars with driving assistance function should reach 50 percent, which is expected to lay the foundation for comprehensively popularizing the intelligent internet-based cars.
Comment: Institutions believe that Advanced Driver Assistance System (ADAS) is a precondition to develop the unmanned driving. Currently, various countries and internet magnates all invests in the unmanned-driving field, providing a huge market space for driving assistance. The ADAS's penetration ratio is 8 percent to 12 percent in European countries, the U.S. and Japan, whose automobile industry is extremely booming, however, based on statistics on allocation of Autohome Inc. and others, that of China is only 2 percent to 3 percent. Among the listed companies, ZYNP Corporation (002448.SZ) announced to invest in Shenzhen Vastfly Tech Co., Ltd last year to deploy the ADAS; and Zhejiang Asia-pacific Mechanical ＆ Electronic Co., Ltd. (002284.SZ) makes great effort for execution end of the ADAS through its R＆D advantage in braking system.
TOP
○Alibaba Group establishes VR lab, adding new fuel to industrial development
------
Alibaba Group announced the establishment of its Virtual Reality (VR) lab on March 17 and publicly unveiled its VR strategy for the first time. As to the content, Alibaba has launched "Buy " plan to lead future shopping experience and will cooperate with companies involved in film, music and video websites under the group to facilitate output of quality VR content. As to hardware, Alibaba will rely on e-commerce platform to build VR's business ecosystem and speed up the popularization of VR equipment to boost the development of hardware manufacturers. It is introduced that the lab's first project after its establishment will aim to build the largest 3D commodity base in the world, a move trying to quicken the realization of shopping in virtual world.
Comment: Unlike the VR equipment launched by technology giants including Sony which are more for entertainment, Alibaba focuses more on improving user's shopping experience and that will further expand VR's application scope. Public information shows that 3D scanning technology of Shenzhen Esun Display Co., Ltd. (002751.SZ) acts as an important tool in creating VR content; Wisesoft Co., Ltd. (002253.SZ) proposes to develop VR products and content together with Alpha Group (002292.SZ).
○Important technology for intelligent sensor network checked and accepted, pushing forward industrial popularization
------
It is reported that a project oriented in the research and application of critical technologies for the testing of large-scale wireless sensor network, undertaken by the software center under the 5th Electronics Research Institute of the Ministry of Industry and Information Technology (MIIT), is checked and accepted recently. Wireless sensor network, made up by lots of low-cost micro sensor nodes, can be widely used in areas including national defense and military, industrial automation, urban traffic, healthcare, environmental monitoring and etc.
Comment: The breakthrough achieved in the technology is of great importance in popularizing wireless sensor network in China. Sensor, a requisite fundamental component of intelligent equipment, plays an important role in the commercialization of new technologies including driverless driving and robotics. Sensor business takes up a large proportion of the business of Suzhou Good-ark Electronics Co., Ltd. (002079.SZ) and Henan Hanwei Electronics Co., Ltd. (300007.SZ).
TOP
[Announcement Interpretation]
○TGOOD Electric to expand to vehicle charging industry with RMB480 mln
------
Qingdao TGOOD Electric Co., Ltd. (300001.SZ) proposes to establish a joint company Qingdao TELD New Energy Co., Ltd., together with Xinhuanet Yilian (Beijing) Technology Co., Ltd. and Qingdao Tefenxiang Equity Investment Enterprise, with 480 million yuan. The new company will be principally engaged in the charging service for vehicles as well as the purchasing, sales and maintenance of electric-mobiles. TGOOD Electric will own 80 percent shares of the new company. In the meantime, CDB Development Fund Co., Ltd. will increase capital in Tianjin Tianchuang TELD New Energy Technology Co., Ltd., a subsidiary under TGOOD Electric.
Besides, Chuan Kai Electric Co., Ltd., a fully-owned subsidiary under TGOOD Electric, proposes to invest 840 million yuan in constructing Chuan Kai Electric Industrial Park which will focus on the R＆D, manufacturing and marketing of intelligent high/low-voltage electrical equipment, intelligent distribution equipment for nuclear power and etc.
○Wasu Media to acquire China Prospect Education at RMB520 mln
------
Wasu Media Holding Co., Ltd. (000156.SZ) proposes to acquire 60 percent equity of China Prospect Education Technology (Beijing) Co., Ltd. at 520 million yuan. The assessed value of the equities of China Prospect Education totals 880 million yuan and its appreciation rate is 5,706 percent. China Prospect Education is a vocational education group providing professional and high-efficiency services to universities and colleges through online and offline services. Its net profit was 20.16 million yuan in 2015, and the counterparty promises its net profit will not be less than 58 million yuan, 68 million yuan and 79 million yuan during 2016 and 2018 respectively.
○Acquisition and reorganization of Jiawei Photovoltaic Lighting and other 2 firms approved by CSRC
------
Issuing shares to buy assets and other major restructuring mater of Shenzhen Jiawei Photovoltaic Lighting Co., Ltd. (300317.SZ), Zhejiang Dilong New Material Co., Ltd. (002247.SZ) and Fengfan Stock Limited Company (600482.SH) are approved by China Securities Regulatory Commission (CSRC) on conditions.
○Waterworks and Hengshun Vinegar-industry see shareholding increase
------
Controlling shareholder of Guangxi Nanning Waterworks Co., Ltd. (601368.SH) increased the shareholding in the company with 740,000 shares during March 13-16. Part of directors, supervisors and senior management of Jiangsu Hengshun Vinegar-industry Co., Ltd. (600305.SH) increase their shareholding in the company again with 310,000 shares on March 17.
○Bobaolon to acquire Hengyun Fashion at RMB105 mln
------
Guangdong Bobaolon Co., Ltd. (002776.SZ) intends to pay 105 million yuan to acquire 100 percent equity of Shenzhen Hengyun Fashion Co., Ltd. held by Qian Mengyuan and Qian Yongkai, aiming to improve the company's operating assets integrity and guarantee its ability of sustainable development.
[Financial Reports Express]
○Huifeng Agrochemical and others propose high share conversion and dividend
------
Actual controller of Jiangsu Huifeng Agrochemical Co., Ltd. (002496.SZ) proposes a 28-for-10 conversion of capital surplus into shares combined with dividend for every 10 shares. Sailun Jinyu Group Co., Ltd. (601058.SH) proposes a 12-for-10 conversion of capital surplus into shares combined with 1 yuan dividend for every 10 shares according to its annual report. Avic Capital Co., Ltd. (600705.SH) saw a growth of 28 percent in net profit in 2015 and proposes a 10-for-10 conversion of capital surplus into shares combined with 1.65 yuan dividend for every 10 shares according to its annual report. Net profit of Jolywood (Suzhou) Sunwatt Co., Ltd. (300393.SZ) fell by 8 percent in 2015 and is expected to hike by 28 percent-46 percent in the first quarter. The company proposes a 5-for-10 conversion of capital surplus into shares combined with 3 yuan dividend for every 10 shares according to its annual report.
○Zhengbang Technology turns losses into profits in Q1
------
Jiangxi Zhengbang Technology Co., Ltd. (00215.SZ) is expected to gain profits of 150 million-200 million yuan in the first quarter, while it suffered losses of 63.44 million yuan in the same period of last year. The major reason for the company turning losses into profits lies in the recovery of pig breeding.
[Trading Alarms]
○Kinlong Hardware Products to launch IPO on March 18
------
Guangdong Kinlong Hardware Products Co., Ltd. (002791.SZ) will launch IPO at 21.57 yuan per share with an upper limit of 21,000 shares per account. The P/E ratio is 22 times. Investors who succeed in subscribing the stocks should pay on March 22.
TOP
○Outline of 13th Five-Year Plan not involves building strategic emerging industries board, various emerging industries supported
○13th Five-Year Plan for automobiles issued, bringing promising prospect to driving assistance market
○Alibaba Group establishes VR lab, adding new fuel to industrial development
○TGOOD Electric to expand to vehicle charging industry, Wasu Media to expand to vocational education
[SSN Focus]
○Outline of 13th Five-Year Plan not involves building strategic emerging industries board, various emerging industries supported
------
The outline of the 13th Five-Year Plan for China's national economy and social development has been fully released in the evening of March 17, not involving the content of "building up a strategic board for emerging industries". This outline particularly mentions that internet-based economic space will be expanded, and deep deployment will be carried out in the fields including Internet infrastructure, big data and information security. In terms of strategic emerging industries, this outline proposes to greatly promote the innovation and industrialization of the emerging and leading fields, such as advanced semiconductor, robot, intelligent traffic, VR and interactive video, to form a series of new growth points. The outline also lists self-innovation, intelligent power grid, sky-earth integrated information network and etc. into major projects related to scientific and technical innovation.
As to the capital market, the outline proposes to positively create a capital market with openness, transparency, and sound development, raise the ratio of direct financing, lower the leverage ratio, create conditions for implementing the registration-based IPO system, develop multi-level equity financing market, deepen the reform on ChiNext Board and the New Third Board, standardize the regional equity markets, and build up sound board-transforming mechanism and exit mechanism.
[SSN Selection]
○Hualong International Nuclear Power Technology Co., Ltd., jointly funded by China National Nuclear Corporation and China General Nuclear Power Corporation, has been established on March 17, showing that China has formed an integrated force in promoting its third-generation nuclear power technology in overseas markets.
○The Ministry of Commerce expects that China's foreign trade will stabilize with an uptrend after March and it will support competitive e-commercial enterprises to set "overseas warehouse".
○The report released by Chinese Academy of Sciences proposes a roadmap for space science development from 2016 to 2030, listing the satellite plan related to space science into national plan for scientific and technological development.
○The National Energy Administration on March 17 released a document to require that jobs should be done well for wind power generation and its utilization, and the ways to use wind-generated power, including wind power heating, should be expanded.
○Further trading suspension of China Vanke Co., Ltd. (000002.SZ) till June 18 has been approved in shareholders meeting through voting, and Baoneng Group voted to agree this decision.
TOP
[Industry Information]
○13th Five-Year Plan for automobiles issued, bringing promising prospect to driving assistance market
------
SSN learnt that the Opinions on the 13th Five-Year Plan for Automobile Industry has been released on March 17. It requires that innovative system should be built up for the automobile industry during the 13th Five-Year Plan period, and intelligent internet-based automobiles should be positively developed. The document also proposes that the market penetration ratio of new cars with driving assistance function should reach 50 percent, which is expected to lay the foundation for comprehensively popularizing the intelligent internet-based cars.
Comment: Institutions believe that Advanced Driver Assistance System (ADAS) is a precondition to develop the unmanned driving. Currently, various countries and internet magnates all invests in the unmanned-driving field, providing a huge market space for driving assistance. The ADAS's penetration ratio is 8 percent to 12 percent in European countries, the U.S. and Japan, whose automobile industry is extremely booming, however, based on statistics on allocation of Autohome Inc. and others, that of China is only 2 percent to 3 percent. Among the listed companies, ZYNP Corporation (002448.SZ) announced to invest in Shenzhen Vastfly Tech Co., Ltd last year to deploy the ADAS; and Zhejiang Asia-pacific Mechanical ＆ Electronic Co., Ltd. (002284.SZ) makes great effort for execution end of the ADAS through its R＆D advantage in braking system.
TOP
○Alibaba Group establishes VR lab, adding new fuel to industrial development
------
Alibaba Group announced the establishment of its Virtual Reality (VR) lab on March 17 and publicly unveiled its VR strategy for the first time. As to the content, Alibaba has launched "Buy " plan to lead future shopping experience and will cooperate with companies involved in film, music and video websites under the group to facilitate output of quality VR content. As to hardware, Alibaba will rely on e-commerce platform to build VR's business ecosystem and speed up the popularization of VR equipment to boost the development of hardware manufacturers. It is introduced that the lab's first project after its establishment will aim to build the largest 3D commodity base in the world, a move trying to quicken the realization of shopping in virtual world.
Comment: Unlike the VR equipment launched by technology giants including Sony which are more for entertainment, Alibaba focuses more on improving user's shopping experience and that will further expand VR's application scope. Public information shows that 3D scanning technology of Shenzhen Esun Display Co., Ltd. (002751.SZ) acts as an important tool in creating VR content; Wisesoft Co., Ltd. (002253.SZ) proposes to develop VR products and content together with Alpha Group (002292.SZ).
○Important technology for intelligent sensor network checked and accepted, pushing forward industrial popularization
------
It is reported that a project oriented in the research and application of critical technologies for the testing of large-scale wireless sensor network, undertaken by the software center under the 5th Electronics Research Institute of the Ministry of Industry and Information Technology (MIIT), is checked and accepted recently. Wireless sensor network, made up by lots of low-cost micro sensor nodes, can be widely used in areas including national defense and military, industrial automation, urban traffic, healthcare, environmental monitoring and etc.
Comment: The breakthrough achieved in the technology is of great importance in popularizing wireless sensor network in China. Sensor, a requisite fundamental component of intelligent equipment, plays an important role in the commercialization of new technologies including driverless driving and robotics. Sensor business takes up a large proportion of the business of Suzhou Good-ark Electronics Co., Ltd. (002079.SZ) and Henan Hanwei Electronics Co., Ltd. (300007.SZ).
TOP
[Announcement Interpretation]
○TGOOD Electric to expand to vehicle charging industry with RMB480 mln
------
Qingdao TGOOD Electric Co., Ltd. (300001.SZ) proposes to establish a joint company Qingdao TELD New Energy Co., Ltd., together with Xinhuanet Yilian (Beijing) Technology Co., Ltd. and Qingdao Tefenxiang Equity Investment Enterprise, with 480 million yuan. The new company will be principally engaged in the charging service for vehicles as well as the purchasing, sales and maintenance of electric-mobiles. TGOOD Electric will own 80 percent shares of the new company. In the meantime, CDB Development Fund Co., Ltd. will increase capital in Tianjin Tianchuang TELD New Energy Technology Co., Ltd., a subsidiary under TGOOD Electric.
Besides, Chuan Kai Electric Co., Ltd., a fully-owned subsidiary under TGOOD Electric, proposes to invest 840 million yuan in constructing Chuan Kai Electric Industrial Park which will focus on the R＆D, manufacturing and marketing of intelligent high/low-voltage electrical equipment, intelligent distribution equipment for nuclear power and etc.
○Wasu Media to acquire China Prospect Education at RMB520 mln
------
Wasu Media Holding Co., Ltd. (000156.SZ) proposes to acquire 60 percent equity of China Prospect Education Technology (Beijing) Co., Ltd. at 520 million yuan. The assessed value of the equities of China Prospect Education totals 880 million yuan and its appreciation rate is 5,706 percent. China Prospect Education is a vocational education group providing professional and high-efficiency services to universities and colleges through online and offline services. Its net profit was 20.16 million yuan in 2015, and the counterparty promises its net profit will not be less than 58 million yuan, 68 million yuan and 79 million yuan during 2016 and 2018 respectively.
○Acquisition and reorganization of Jiawei Photovoltaic Lighting and other 2 firms approved by CSRC
------
Issuing shares to buy assets and other major restructuring mater of Shenzhen Jiawei Photovoltaic Lighting Co., Ltd. (300317.SZ), Zhejiang Dilong New Material Co., Ltd. (002247.SZ) and Fengfan Stock Limited Company (600482.SH) are approved by China Securities Regulatory Commission (CSRC) on conditions.
○Waterworks and Hengshun Vinegar-industry see shareholding increase
------
Controlling shareholder of Guangxi Nanning Waterworks Co., Ltd. (601368.SH) increased the shareholding in the company with 740,000 shares during March 13-16. Part of directors, supervisors and senior management of Jiangsu Hengshun Vinegar-industry Co., Ltd. (600305.SH) increase their shareholding in the company again with 310,000 shares on March 17.
○Bobaolon to acquire Hengyun Fashion at RMB105 mln
------
Guangdong Bobaolon Co., Ltd. (002776.SZ) intends to pay 105 million yuan to acquire 100 percent equity of Shenzhen Hengyun Fashion Co., Ltd. held by Qian Mengyuan and Qian Yongkai, aiming to improve the company's operating assets integrity and guarantee its ability of sustainable development.
[Financial Reports Express]
○Huifeng Agrochemical and others propose high share conversion and dividend
------
Actual controller of Jiangsu Huifeng Agrochemical Co., Ltd. (002496.SZ) proposes a 28-for-10 conversion of capital surplus into shares combined with dividend for every 10 shares. Sailun Jinyu Group Co., Ltd. (601058.SH) proposes a 12-for-10 conversion of capital surplus into shares combined with 1 yuan dividend for every 10 shares according to its annual report. Avic Capital Co., Ltd. (600705.SH) saw a growth of 28 percent in net profit in 2015 and proposes a 10-for-10 conversion of capital surplus into shares combined with 1.65 yuan dividend for every 10 shares according to its annual report. Net profit of Jolywood (Suzhou) Sunwatt Co., Ltd. (300393.SZ) fell by 8 percent in 2015 and is expected to hike by 28 percent-46 percent in the first quarter. The company proposes a 5-for-10 conversion of capital surplus into shares combined with 3 yuan dividend for every 10 shares according to its annual report.
○Zhengbang Technology turns losses into profits in Q1
------
Jiangxi Zhengbang Technology Co., Ltd. (00215.SZ) is expected to gain profits of 150 million-200 million yuan in the first quarter, while it suffered losses of 63.44 million yuan in the same period of last year. The major reason for the company turning losses into profits lies in the recovery of pig breeding.
[Trading Alarms]
○Kinlong Hardware Products to launch IPO on March 18
------
Guangdong Kinlong Hardware Products Co., Ltd. (002791.SZ) will launch IPO at 21.57 yuan per share with an upper limit of 21,000 shares per account. The P/E ratio is 22 times. Investors who succeed in subscribing the stocks should pay on March 22.
TOP
Latest comments