[Today's Guide]
○China to implement national reserve forest system, enhancing value of forest industry
○Crackdown over pirated music intensified, qualified online music platforms to see benefit
○Actual controller of Unifull Industrial Fiber changed, Haoyun Security Technologies to add stakes in video and big data
○Wintime Energy to invest in medical treatment, Shenhuo Coal ＆ Power and Biocause Pharmaceutical stop loss
[SSN Focus]
○China to implement national reserve forest system, enhancing value of forest industry
------
The State Forestry Administration (SFA) held a press conference on April 14, claiming that China will implement national reserve forest system across the board and gradually ban commercial cutting of natural forest from this year. National reserve forest bases of 210 million mu will be constructed in 25 provincial regions across the state by 2020. The SFA will strive to get more capital support from the central government, increase input and fully advance the utilization of development and policy bank loans. As of end-2015, a total subsidy of 1,836 million yuan from the central government was distributed and Guangxi province, the first piloting province, borrowed 1.14 billion yuan from China Development Bank Co., Ltd.
Comment: China has become the largest importing country of timber in the world with its dependence on foreign timber reaching 48 percent in 2014. China's importing of precious tree species and large-diameter logs might be out of supply. After commercial cutting of natural forest is banned, the gap of the supply and demand of timber will be further widened, enhancing the value of planted forest resources. As to A-share companies, Fujian Jinsen Forestry Co., Ltd. (002679.SZ) enjoys advantages in forest categories and sees high proportion of planted forest; Guangxi Fenglin Wood Industry Group Co., Ltd. (601996.SH) has developed a fast-growing and high-yield plantation of 200,000 mu; Yueyang Forest ＆ Paper Co., Ltd. (600963.SH) advances securitization of forestry asset by establishing industrial fund.
[SSN Selection]
○Thanks to low inventory at ports and strict readjustment imposed by Shanxi province over coal enterprises, dominant contract of steam coal futures soared by the daily limit on April 14 to set a new high since last summer.
○Wang Liqun, vice-chairman of China Iron and Steel Industry Association (CISA) remarked on April 14 that the price hike of steels in recent period is a normal price return and he is confident about removing overcapacity this year.
○The formulation of national compulsory standards for the receiving equipment of Internet-based TV was officially kicked off on April 14.
○Zhejiang province rolls out guidance on supporting industrial cluster cross-border e-commerce and will strive to achieve an export of over 5 billion U.S. dollars through it by 2020.
○The Industrial and Commercial Bank of China (ICBC) plans to cut over 30 billion yuan of newly-added loans in 2016 compared with that of last year. Its relending of recovered loans will increase by 100 billion yuan.
TOP
[Industry Information]
○Crackdown over pirated music intensified, qualified online music platforms to see benefit
------
As reported by the Xinhua News Agency, a press conference on the protection status of intellectual property in Beijing was held on April 14. It is reported on the conference that Beijing reinforced efforts in protecting copyrights of online music in 2015 with over 200,000 online songs are removed from the Internet due to copyright issues. At present, a catalogue of online songs with great number of clicks is under formulation and will be unveiled at the end of April. The National Copyright Administration in last July required online music service providers stopping unauthorized spreading of music products. 16 service providers totally removed over 2.20 million unauthorized music products from the Internet.
Comment: The offline of pirated music will force users flow to qualified online music platforms, thus companies holding a great number of music copyrights will see benefit. As to listed companies, Jiangyin Zhongnan Heavy Industries Co., Ltd. (002445.SZ) joins hands with Mango Media Communication Co., Ltd. and proposes to acquire Changba, a mobile karaoke app with social functions, and its direct broadcasting room to make arrangement in live broadcast of music; Shandong Gettop Acoustic Co., Ltd. (002655.SZ) proposes to acquire Beijing Lehua Yuanyu Cultural Transmission Co., Ltd. The latter, principally engaged in popular music industry, learns the cultivation of stars in South Korea and aims to create communication between the popular music markets in China and South Korea. Artists under the company include Han Geng, Zhou Bichang and etc.
○13th five-year plan on land resources released, supporting geographic information industry
------
The 13th five-year plan on land resources is released on April 14. It is proposed to basically finish building nationwide information platform to achieve interconnection and sharing of data and smooth operation of basic platform for real estate registration information management. It also proposes to intensify mapping geographic information development, establish the modern mapping benchmark system supported by Beidou satellite and self-developed equipment and set up "land resources cloud" technology system.
Comment: Institutions believe that the construction of real estate registration information platform and database will give rise to new market demand with more than 20 billion yuan. Besides, development of geographic information industries such as aviation and spaceflight remote sensing and mapping and premium mapping equipment will provide unmanned driving with high-precision map, implying huge market potential. As to listed companies, Beijing Supermap Software Co., Ltd. (300036.SZ), a leader in software of geographic information system, sees sound business progress in the registration of real estate. Hi-Target Navigation Tech Co., Ltd. (300177.SZ) is advantageous in the whole industrial chain including collection, supply and application of data and has provided Baidu with three-dimensional street view.
TOP
[Announcement Interpretation]
○Jiang Yong to become new actual controller of Unifull Industrial Fiber
------
Mao Huixin, actual controller of Zhejiang Unifull Industrial Fiber Co., Ltd. (002427.SZ), signed agreement with Suzhou ZY Investment Management Co., Ltd., proposing to transfer 100 percent equities of Huzhou Unifull Holding Co., Ltd. to Suzhou ZY Investment Management at 1,896 million yuan after Unifull Holding decreases its shareholding in Unifull Industrial Fiber to 29.8 percent. Suzhou ZY Investment Management will become the indirect controlling shareholder of Unifull Industrial Fiber and Jiang Yong will become the new actual controller of the company. Suzhou ZY Investment Management indicates that it might carry out acquisition and reorganization via the listing platform of Unifull Industrial Fiber in next 12 months.
Suzhou ZY Investment Management controls Shanghai Lifan Finance Information Service Co., Ltd. The latter is principally engaged in the development of financial software, processing of financial data, investment management and consultation, securities consultation and etc.
○Haoyun Security Technologies to raise RMB680 mln through private placement to invest in video and big data
------
Guangzhou Haoyun Security Technologies Co., Ltd. (300448.SZ) proposes to raise 680 million yuan through private placement by issuing 15 million shares. The raised fund will be used to invest in projects related to video and big data as well as to supplement working capital. The net profit of Haoyun Security Technologies increased by 15 percent in last year and the company proposes a 15-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for every 10 shares.
TOP
○Wintime Energy to invest in medical treatment for assisted reproduction
------
Wintime Energy Co., Ltd. (600157.SH) and Chengdu Jinxin Medical Treatment Asset Management Group reached an agreement. The company will initiate and establish a fund for assisted reproduction medical treatment, and it together with Jinxin Group will also build up a holding company to establish a platform for human assisted reproduction business under the Jinxin Group, with Wintime Energy holding 49 percent equities of this platform. The company with the said platform will actually control the Chengdu Xinan Gynecological Hospital, Chengdu Hi-tech Zone Xinan Gynecological Hospital, Reproductive Medicine Center under Maternal and Child Health Hospital and etc. after its establishment before the end of this September. Based on the commitment, the targeted hospital will realize a net profit of 106 million yuan in 2016, with an overall valuation of 1,802 million yuan according to a P/E ratio of 17 times, and it proposes to restructure to a profit-making hospital from non-profit one.
○Elec-Tech International to raise RMB2 bln through private placement to invest LED projects
------
Elec-Tech International Co., Ltd. (002005.SZ) proposes to issue shares at a price no less than 5.43 yuan per share to raise 2 billion yuan through private placement, so that to invest the projects, such as LED flip chip and chip scale package. It plans to raise 1.5 billion yuan and 0.5 billion yuan respectively for its two projects. After the projects are finished, LED business of the company will account for a larger proportion, and the company will further improve its industrial chain structure.
○Mailyard Share to transfer nearly 80 pct equities from April 15
------
Hubei Mailyard Share Co., Ltd. (600107.SH) announced that Mailyard Group is its substantial shareholder, Hubei branch of China Construction Bank Corporation (601939.SH) is the actual owner of Mailyard Group, and CCBC Hubei branch will list the 79.94 percent equities of Mailyard Group in the public on April 15 to transfer the equity. Mailyard Group now holds 20.93 percent of Mailyard Share, accounting for 73.39 million shares. The actual controller of Mailyard Share will alter, if the transaction finishes. The company's latest stock price is 20.81 yuan, and Mailyard Group holds the shares accounting for a market value of 1.5 billion yuan.
Comment: Recently, various shell companies in the A-share market have been acquired by capital brokers with high premium. Under this situation, the equity going to be sold by Mailyard Group is likely to be acquired by "new owner".
○Controlling shareholder of Pudong Road ＆ Bridge Construction delays shareholding-increase plan again
------
Pudong Development Group, controlling shareholder of Shanghai Pudong Road ＆ Bridge Construction Co., Ltd. (600284.SH), proposes to increase the shareholdings in the company in next six months, accounting for no more than 2.5 percent and no less than 0.5 percent of the total equity. The group has increased 13.86 million shareholdings in the company since July 2015, accounting for 2 percent of the total equity.
[Financial Reports Express]
○Shenhuo Coal﹠Power and Biocause Pharmaceutical stop loss
------
Henan Shenhuo Coal﹠Power Co., Ltd. (000933.SZ) announced a profit forecast of 400 million yuan to 450 million yuan in its first quarterly report, mainly due to rebound of electrolytic aluminium industry; Hubei Biocause Pharmaceutical Co., Ltd. (000627.SZ): profit forecast of 750 to 800 million yuan in its first quarterly report, mainly due to combining financial statement with that of Guohua Life Insurance Co., Ltd.
Zhejiang Qianjiang Motorcycle Co., Ltd. (000913.SZ) announced a performance growth of 33 percent in its annual report, and a profit forecast of 570 percent to 618 percent in its first quarterly report, mainly as the company decreased the shareholdings in Fujian Guanfu Modern Household Wares Co., Ltd. (002102.SZ); Jinzhou Cihang Group Co., Ltd. (000587.SZ): a performance growth of 111 percent in its annual report, and a profit forecast of 339 percent to 367 percent in its first quarterly report, mainly due to combining financial statement with that of Fenghui Leasing Co., Ltd.
○Edan Instruments and others propose high share conversion and dividend
------
Zhang Hao, substantial shareholder of Edan Instruments, Inc. (300206.SZ), proposed a 15-for-10 conversion of capital surplus into shares combined with the dividend of 2.1 yuan for every 10 shares according to its annual report; Oriental Energy Co., Ltd. (002221.SZ): performance growth of 199 percent in annual report, 10-for-10 with the dividend of 1.75 yuan; Beijing Originwater Technology Co., Ltd. (300070.SZ): performance growth of 45 percent in annual report along with a pre-plan of 15-for-10 with the dividend of 1 yuan approved by its board of directors; Shanghai Liangxin Electrical Co., Ltd. (002706.SZ): performance growth of 25 percent in annual report, 10-for-10 with the dividend of 5 yuan.
Xiamen Red Phase Instruments Inc. (300427.SZ) announced a performance growth of 26 percent, proposing a 22-for-10 conversion of capital surplus into shares combined with the dividend of 1.9 yuan for every 10 shares according to its annual report; Shenzhen Wenke Landscape Co., Ltd. (002775.SZ): performance growth of 8 percent in annual report, 10-for-10 with the dividend of 2 yuan; Liaoning Fu-An Heavy Industry Co., Ltd. (603315.SH): slight performance decline of 2 percent in annual report, 10-for-10 with the dividend of 2 yuan; Anhui Guangxin Agrochemical Co., Ltd. (603599.SH): performance decline of 15 percent in annual report, 10-for-10 with the cash as dividend.
[Trading Trends]
○Tinci Materials Technology bought through two institutional seats
------
The trading volume ranking list on April 14 shows that Guangzhou Tinci Materials Technology Co., Ltd. (002709.SZ) was bought through two institutional seats with a total of 131 million yuan, accounting for 17.34 percent of its intraday turnover.
Comment: The annual report recently disclosed by the company shows that the net profit of last year increased by 61.79 percent year on year, and proposing a pre-plan of a 15-for-10 conversion of capital surplus into shares combined with the dividend of 1.8 yuan for every 10 shares. Meanwhile, the company launched its pre-plan for private placement, proposing to invest the material projects, covering new-type lithium, solid lithium hexafluorophate, and battery-active iron phosphate. Institutions believed that new energy automobiles are in high-speed development, and the company, as the leading enterprise in electrolyte and its core raw materials, will fully benefit from industrial growth.
[Trading Alarms]
○Swan Cotton Industrial Machinery Stock to issue new shares on April 15
------
The issuing price of Shandong Swan Cotton Industrial Machinery Stock Co., Ltd. (603029.SH) is 8.93 yuan, with the P/E ratio of 23 times. The upper limit for subscription is 8,000 shares per account, and investors who succeed in subscribing the new share should pay for it on April 19.
TOP
○China to implement national reserve forest system, enhancing value of forest industry
○Crackdown over pirated music intensified, qualified online music platforms to see benefit
○Actual controller of Unifull Industrial Fiber changed, Haoyun Security Technologies to add stakes in video and big data
○Wintime Energy to invest in medical treatment, Shenhuo Coal ＆ Power and Biocause Pharmaceutical stop loss
[SSN Focus]
○China to implement national reserve forest system, enhancing value of forest industry
------
The State Forestry Administration (SFA) held a press conference on April 14, claiming that China will implement national reserve forest system across the board and gradually ban commercial cutting of natural forest from this year. National reserve forest bases of 210 million mu will be constructed in 25 provincial regions across the state by 2020. The SFA will strive to get more capital support from the central government, increase input and fully advance the utilization of development and policy bank loans. As of end-2015, a total subsidy of 1,836 million yuan from the central government was distributed and Guangxi province, the first piloting province, borrowed 1.14 billion yuan from China Development Bank Co., Ltd.
Comment: China has become the largest importing country of timber in the world with its dependence on foreign timber reaching 48 percent in 2014. China's importing of precious tree species and large-diameter logs might be out of supply. After commercial cutting of natural forest is banned, the gap of the supply and demand of timber will be further widened, enhancing the value of planted forest resources. As to A-share companies, Fujian Jinsen Forestry Co., Ltd. (002679.SZ) enjoys advantages in forest categories and sees high proportion of planted forest; Guangxi Fenglin Wood Industry Group Co., Ltd. (601996.SH) has developed a fast-growing and high-yield plantation of 200,000 mu; Yueyang Forest ＆ Paper Co., Ltd. (600963.SH) advances securitization of forestry asset by establishing industrial fund.
[SSN Selection]
○Thanks to low inventory at ports and strict readjustment imposed by Shanxi province over coal enterprises, dominant contract of steam coal futures soared by the daily limit on April 14 to set a new high since last summer.
○Wang Liqun, vice-chairman of China Iron and Steel Industry Association (CISA) remarked on April 14 that the price hike of steels in recent period is a normal price return and he is confident about removing overcapacity this year.
○The formulation of national compulsory standards for the receiving equipment of Internet-based TV was officially kicked off on April 14.
○Zhejiang province rolls out guidance on supporting industrial cluster cross-border e-commerce and will strive to achieve an export of over 5 billion U.S. dollars through it by 2020.
○The Industrial and Commercial Bank of China (ICBC) plans to cut over 30 billion yuan of newly-added loans in 2016 compared with that of last year. Its relending of recovered loans will increase by 100 billion yuan.
TOP
[Industry Information]
○Crackdown over pirated music intensified, qualified online music platforms to see benefit
------
As reported by the Xinhua News Agency, a press conference on the protection status of intellectual property in Beijing was held on April 14. It is reported on the conference that Beijing reinforced efforts in protecting copyrights of online music in 2015 with over 200,000 online songs are removed from the Internet due to copyright issues. At present, a catalogue of online songs with great number of clicks is under formulation and will be unveiled at the end of April. The National Copyright Administration in last July required online music service providers stopping unauthorized spreading of music products. 16 service providers totally removed over 2.20 million unauthorized music products from the Internet.
Comment: The offline of pirated music will force users flow to qualified online music platforms, thus companies holding a great number of music copyrights will see benefit. As to listed companies, Jiangyin Zhongnan Heavy Industries Co., Ltd. (002445.SZ) joins hands with Mango Media Communication Co., Ltd. and proposes to acquire Changba, a mobile karaoke app with social functions, and its direct broadcasting room to make arrangement in live broadcast of music; Shandong Gettop Acoustic Co., Ltd. (002655.SZ) proposes to acquire Beijing Lehua Yuanyu Cultural Transmission Co., Ltd. The latter, principally engaged in popular music industry, learns the cultivation of stars in South Korea and aims to create communication between the popular music markets in China and South Korea. Artists under the company include Han Geng, Zhou Bichang and etc.
○13th five-year plan on land resources released, supporting geographic information industry
------
The 13th five-year plan on land resources is released on April 14. It is proposed to basically finish building nationwide information platform to achieve interconnection and sharing of data and smooth operation of basic platform for real estate registration information management. It also proposes to intensify mapping geographic information development, establish the modern mapping benchmark system supported by Beidou satellite and self-developed equipment and set up "land resources cloud" technology system.
Comment: Institutions believe that the construction of real estate registration information platform and database will give rise to new market demand with more than 20 billion yuan. Besides, development of geographic information industries such as aviation and spaceflight remote sensing and mapping and premium mapping equipment will provide unmanned driving with high-precision map, implying huge market potential. As to listed companies, Beijing Supermap Software Co., Ltd. (300036.SZ), a leader in software of geographic information system, sees sound business progress in the registration of real estate. Hi-Target Navigation Tech Co., Ltd. (300177.SZ) is advantageous in the whole industrial chain including collection, supply and application of data and has provided Baidu with three-dimensional street view.
TOP
[Announcement Interpretation]
○Jiang Yong to become new actual controller of Unifull Industrial Fiber
------
Mao Huixin, actual controller of Zhejiang Unifull Industrial Fiber Co., Ltd. (002427.SZ), signed agreement with Suzhou ZY Investment Management Co., Ltd., proposing to transfer 100 percent equities of Huzhou Unifull Holding Co., Ltd. to Suzhou ZY Investment Management at 1,896 million yuan after Unifull Holding decreases its shareholding in Unifull Industrial Fiber to 29.8 percent. Suzhou ZY Investment Management will become the indirect controlling shareholder of Unifull Industrial Fiber and Jiang Yong will become the new actual controller of the company. Suzhou ZY Investment Management indicates that it might carry out acquisition and reorganization via the listing platform of Unifull Industrial Fiber in next 12 months.
Suzhou ZY Investment Management controls Shanghai Lifan Finance Information Service Co., Ltd. The latter is principally engaged in the development of financial software, processing of financial data, investment management and consultation, securities consultation and etc.
○Haoyun Security Technologies to raise RMB680 mln through private placement to invest in video and big data
------
Guangzhou Haoyun Security Technologies Co., Ltd. (300448.SZ) proposes to raise 680 million yuan through private placement by issuing 15 million shares. The raised fund will be used to invest in projects related to video and big data as well as to supplement working capital. The net profit of Haoyun Security Technologies increased by 15 percent in last year and the company proposes a 15-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for every 10 shares.
TOP
○Wintime Energy to invest in medical treatment for assisted reproduction
------
Wintime Energy Co., Ltd. (600157.SH) and Chengdu Jinxin Medical Treatment Asset Management Group reached an agreement. The company will initiate and establish a fund for assisted reproduction medical treatment, and it together with Jinxin Group will also build up a holding company to establish a platform for human assisted reproduction business under the Jinxin Group, with Wintime Energy holding 49 percent equities of this platform. The company with the said platform will actually control the Chengdu Xinan Gynecological Hospital, Chengdu Hi-tech Zone Xinan Gynecological Hospital, Reproductive Medicine Center under Maternal and Child Health Hospital and etc. after its establishment before the end of this September. Based on the commitment, the targeted hospital will realize a net profit of 106 million yuan in 2016, with an overall valuation of 1,802 million yuan according to a P/E ratio of 17 times, and it proposes to restructure to a profit-making hospital from non-profit one.
○Elec-Tech International to raise RMB2 bln through private placement to invest LED projects
------
Elec-Tech International Co., Ltd. (002005.SZ) proposes to issue shares at a price no less than 5.43 yuan per share to raise 2 billion yuan through private placement, so that to invest the projects, such as LED flip chip and chip scale package. It plans to raise 1.5 billion yuan and 0.5 billion yuan respectively for its two projects. After the projects are finished, LED business of the company will account for a larger proportion, and the company will further improve its industrial chain structure.
○Mailyard Share to transfer nearly 80 pct equities from April 15
------
Hubei Mailyard Share Co., Ltd. (600107.SH) announced that Mailyard Group is its substantial shareholder, Hubei branch of China Construction Bank Corporation (601939.SH) is the actual owner of Mailyard Group, and CCBC Hubei branch will list the 79.94 percent equities of Mailyard Group in the public on April 15 to transfer the equity. Mailyard Group now holds 20.93 percent of Mailyard Share, accounting for 73.39 million shares. The actual controller of Mailyard Share will alter, if the transaction finishes. The company's latest stock price is 20.81 yuan, and Mailyard Group holds the shares accounting for a market value of 1.5 billion yuan.
Comment: Recently, various shell companies in the A-share market have been acquired by capital brokers with high premium. Under this situation, the equity going to be sold by Mailyard Group is likely to be acquired by "new owner".
○Controlling shareholder of Pudong Road ＆ Bridge Construction delays shareholding-increase plan again
------
Pudong Development Group, controlling shareholder of Shanghai Pudong Road ＆ Bridge Construction Co., Ltd. (600284.SH), proposes to increase the shareholdings in the company in next six months, accounting for no more than 2.5 percent and no less than 0.5 percent of the total equity. The group has increased 13.86 million shareholdings in the company since July 2015, accounting for 2 percent of the total equity.
[Financial Reports Express]
○Shenhuo Coal﹠Power and Biocause Pharmaceutical stop loss
------
Henan Shenhuo Coal﹠Power Co., Ltd. (000933.SZ) announced a profit forecast of 400 million yuan to 450 million yuan in its first quarterly report, mainly due to rebound of electrolytic aluminium industry; Hubei Biocause Pharmaceutical Co., Ltd. (000627.SZ): profit forecast of 750 to 800 million yuan in its first quarterly report, mainly due to combining financial statement with that of Guohua Life Insurance Co., Ltd.
Zhejiang Qianjiang Motorcycle Co., Ltd. (000913.SZ) announced a performance growth of 33 percent in its annual report, and a profit forecast of 570 percent to 618 percent in its first quarterly report, mainly as the company decreased the shareholdings in Fujian Guanfu Modern Household Wares Co., Ltd. (002102.SZ); Jinzhou Cihang Group Co., Ltd. (000587.SZ): a performance growth of 111 percent in its annual report, and a profit forecast of 339 percent to 367 percent in its first quarterly report, mainly due to combining financial statement with that of Fenghui Leasing Co., Ltd.
○Edan Instruments and others propose high share conversion and dividend
------
Zhang Hao, substantial shareholder of Edan Instruments, Inc. (300206.SZ), proposed a 15-for-10 conversion of capital surplus into shares combined with the dividend of 2.1 yuan for every 10 shares according to its annual report; Oriental Energy Co., Ltd. (002221.SZ): performance growth of 199 percent in annual report, 10-for-10 with the dividend of 1.75 yuan; Beijing Originwater Technology Co., Ltd. (300070.SZ): performance growth of 45 percent in annual report along with a pre-plan of 15-for-10 with the dividend of 1 yuan approved by its board of directors; Shanghai Liangxin Electrical Co., Ltd. (002706.SZ): performance growth of 25 percent in annual report, 10-for-10 with the dividend of 5 yuan.
Xiamen Red Phase Instruments Inc. (300427.SZ) announced a performance growth of 26 percent, proposing a 22-for-10 conversion of capital surplus into shares combined with the dividend of 1.9 yuan for every 10 shares according to its annual report; Shenzhen Wenke Landscape Co., Ltd. (002775.SZ): performance growth of 8 percent in annual report, 10-for-10 with the dividend of 2 yuan; Liaoning Fu-An Heavy Industry Co., Ltd. (603315.SH): slight performance decline of 2 percent in annual report, 10-for-10 with the dividend of 2 yuan; Anhui Guangxin Agrochemical Co., Ltd. (603599.SH): performance decline of 15 percent in annual report, 10-for-10 with the cash as dividend.
[Trading Trends]
○Tinci Materials Technology bought through two institutional seats
------
The trading volume ranking list on April 14 shows that Guangzhou Tinci Materials Technology Co., Ltd. (002709.SZ) was bought through two institutional seats with a total of 131 million yuan, accounting for 17.34 percent of its intraday turnover.
Comment: The annual report recently disclosed by the company shows that the net profit of last year increased by 61.79 percent year on year, and proposing a pre-plan of a 15-for-10 conversion of capital surplus into shares combined with the dividend of 1.8 yuan for every 10 shares. Meanwhile, the company launched its pre-plan for private placement, proposing to invest the material projects, covering new-type lithium, solid lithium hexafluorophate, and battery-active iron phosphate. Institutions believed that new energy automobiles are in high-speed development, and the company, as the leading enterprise in electrolyte and its core raw materials, will fully benefit from industrial growth.
[Trading Alarms]
○Swan Cotton Industrial Machinery Stock to issue new shares on April 15
------
The issuing price of Shandong Swan Cotton Industrial Machinery Stock Co., Ltd. (603029.SH) is 8.93 yuan, with the P/E ratio of 23 times. The upper limit for subscription is 8,000 shares per account, and investors who succeed in subscribing the new share should pay for it on April 19.
TOP
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