[Today's Guide]
○ Samsung to issue new flagship handset, highlighting iris recognition technology
○ Industrialization development of Beidou Navigation System becomes clear, Tencent vigorously deploy medical informatization
○ Shidai Wanheng to invest in high-energy lithium battery, Actual controller of Hongqi Chain introduces Sichuan SASAC
○ Sinoenergy proposes high share conversion, Four institutions bought Sevenstar Electronics
[SSN Focus]
○ Samsung to issue new flagship handset, highlighting iris recognition technology
------
According to a news cited from overseas media by Huanqiu Technology, Samsung will apply the iris scanning technology to its new flagship handset Galaxy Note 7, which is expected to be officially launched in early August. The iris scanning technology can identify 266 features of human eyes, more accurate compared with traditional technologies. It is learnt that the South Korean image technology company Patron had won the right for exclusive supply of biological recognition and iris camera modules of Galaxy Note 7 "several months ago".
Comment: research institutions' report shows that iris recognition technology will be popularized rapidly in the next 10 to 15 years. In listed companies, Linzhou Heavy Machinery Group Co., Ltd. (002535.SZ)'s associate company IrisKing is engaged in the R＆D and manufacturing of iris identity authentication system and products; Shenzhen O-film Tech Co., Ltd. (002456.SZ) indicated in its annual report that it has prioritized the development of iris recognition camera.
[SSN Selection]
○ SSN learnt that the list of innovative enterprises on the new third board will be publicized soon. The first batch of nearly 900 enterprises will be categorized as innovative enterprises.
○ A 5-year duration Treasury ETF of CSOP Asset Management Limited listed on the Hong Kong Exchanges Limited obtained 1 billion yuan net subscription on June 15, which likely due to overseas investor's confidence in the stability of yuan.
○ Three-month duration Treasury deposit which completed the bid on June 16 witnessed the lowest bidding interest rate in recent years. It is estimated that the capital resource of the treasury deposit can smoothly go through the key time frame at the end of the half year.
○ The British central bank issued warning on Brexit, saying that it may result in the economic growth heading to an actual downside trajectory.
TOP
[Industry Information]
○ Beidou Navigation white paper to issued, path of industrial development becomes clear
------
The white paper of China Beidou navigation system was issued on June 16. It made clear the path of the application and industrialization development of Beidou System: firstly, build industry guarantee system; secondly, build advancement system for industrial application; thirdly, build industrial innovation system. Relevant officials indicated that China has formed a complete Beidou industrial system consisted of chip module, application terminal and operation service. Currently, China is building a high precision foundation enhancement network across the nation, and the project will be ready for pilot run at the end of the year. The accuracy of the pilot run can reach decimeter, and is expected to be further improved to centimeter upon completion.
Comment: It is learnt that the output value of Beidou industry reached 173.5 billion yuan last year. In the first quarter of the year, over 30 percent smart phones made in China adopted Beidou chips. Huatai Securities estimated that Beidou industry will experience explosive growth during the 13th "Five-Year" plan period, and the scale of the industry is expected to have 10 times or more growth potential. In listed companies, Beijing Unistrong Science ＆ Technology Co., Ltd. (002383.SZ) has launched China's first centimeter-level Beidou receiver equipped with satellite foundation enhancement; Hwa Create Corporation (300045.SZ) has advantages in Beidou simulation test equipment. It emphasizes national defense and war industry areas.
○ Tencent vigorously deploy medical informatization
------
On June 16, the 2016 China Internet plus medical treatment summit forum hosted by Tencent was unveiled in Beijing. Government officials from various departments such as the National Health and Family Planning Commission (NHFPC) and experts from the medical industry such as academician from Chinese Academy of Sciences attended the forum. The forum exhibited "Internet plus chronic disease management" strategic cooperation pilot works jointly conducted by Tecent and Guizhou provincial NHFPC. On the same day, Tencent also signed strategic cooperation framework agreement with Sichuan NHFPC, seeking to conduct strategic cooperation in medical big data and cloud service and the construction of convenient clinic platform for hospitals.
Comment: all levels of government has recently introduced a host of policies to promote multi-level medical treatment and family doctor contract service. And the demand for medical treatment informatization has significantly increased. Institutions expressed rosy opinions in their research reports on the cooperation between Winning Health Technology Group Co., Ltd. (300253.SZ) and large top hospitals and China Life Insurance to build medical health information service system; Hangzhou Century Co., Ltd. (300078.SZ) has been investigated by tens of institutions recently. The company's new business formed after reorganization is a focus for investors.
Comment: As the governments at all levels issued polices to promote hierarchical treatment, family doctor contract services and other new models, demands for medical informatization will improve remarkably. Institutions are optimistic about the cooperation among Winning Health Technology Group Co., Ltd. (300253.SZ), large AAA hospitals and China Life Insurance Company Limited (601628.SH; 02628.HK) to build medical and health information service system. Hangzhou Century Co., Ltd. (300078.SZ) has been investigated by dozens of institutions. The company's new medical treatment was highlighted.
TOP
[Announcement Interpretation]
○ Shidai Wanheng plans to raise RMB800 mln through private placement to invest in high-energy lithium battery project
------
Liaoning Shidai Wanheng Co., Ltd. (600241.SZ) proposes to raise 800 million yuan by issuing shares at prices no less than 11.72 yuan per share through private placement to invest in high-energy lithium-ion power battery project. Liaoning Shidai Wanheng Holdings Group Co., Ltd., the company's controlling shareholder, promises to subscribe 500 million yuan.
After the project completes, lithium battery manufacturing will become a main profit source for Shidai Wanheng. The company will have a productivity of 144 million sets of high-energy lithium-ion power batteries. It is estimated that its annual operation revenue can reach 1.28 billion yuan, with an annual average profit of 239 million yuan.
○ Actual controller of Hongqi Chain introduces Sichuan SASAC by decreasing shareholding
------
Cao Shiru, the actual controller of Chengdu Hongqi Chain Co., Ltd. (002697.SZ), on June 15 transferred 168.8 million shares, or 12.41 percent equities to Sichuan Sans Venture Capital Co., Ltd. under the State-owned Assets Supervision and Administration Commission (SASAC) of Sichuan Province at 5.35 yuan per share via bulk trading. After shareholding decrease, Cao Shiru completed his plan to decrease 13 percent shareholdings in the company, but still holds 42.48 percent shares in the company as the actual controller. The company's stock prices closed at 6.18 yuan per share on June 16.
Comment: Sichuan Sans Venture Capital Co., Ltd. is owned by the State-owned Assets Supervision and Administration Commission of Sichuan Province. It indicated that it increased shareholdings in the company because it is optimistic about its prospect and wants to share its operation achievements. It also noted that it has no plan to increase or decrease shareholdings in the company in the next 12 months.
○ Hunan TV ＆ Broadcast Intermediary's venture capital gains approval for IPO
------
Hunan Culture Tourism Industry Investment Fund, managed by Hunan Dachen Culture Tourism VC Management Co., Ltd., the grandchildren company of Hunan TV ＆ Broadcast Intermediary Co., Ltd. (000917.SZ), holds 8,694,000 shares in Xiamen G-bits Network Technology Co., Ltd., accounting for 16.29 percent of the company's total share capital before going listed. Currently, G-bits Network Technology gained approval from the issuance examination committee to debut IPO on the A-share market. Partners of Hunan Culture Tourism Industry Investment Fund will subscribe a total of 2.17 billion yuan. Specially, Hunan TV ＆ Broadcast Intermediary will contribute 20.72 percent of the subscriptions. Its wholly-owned subsidiary Fortune Capital will contribute 5.52 percent. Hunan Dachen Culture Tourism VC Management will contribute 1.03 percent.
○ Employee shareholding plan of employee shareholding to buy 5pct. shares
------
The N.o. 1 employee shareholding asset management plan of Zhongzhu Holding Co., Ltd. (600568.SH) has purchased a total of over 31.86 million shares in the company, accounting for 5 percent of the company share capital.
TOP
[Financial Reports Express]
○ Sinoenergy proposes high share conversion in annual report
------
MKCP VC, shareholder of Changchun Sinoenergy Corporation (600856.SH) holding over 10 percent shares in the company, plans to propose a 10-for-10 conversion of capital surplus into shares at its 2015 shareholdings' meeting. The proposal has been agreed by the company's controlling shareholder.
[Trading Trends]
○ Four institutions bought Sevenstar Electronics
------
The trading volume ranking list on June 16 showed that Beijing Sevenstar Electronics Co., Ltd. (002371.SZ) was bought by four institutions with a total amount of 81.91 million yuan, accounting for 8.62 percent of its intraday turnover. Another two institutional seat net sold 48.58 million yuan.
Comment: The company is mainly engaged in integrated circuit manufacturing equipment and high-precision electron component. Institutions believe that the ratio of domestic-made integrated circuit equipment is rather low. The equipment industry in China will continue to grow under the guidance of policies. The company gained approval from the acquisition and reorganization committee to acquire Beijing NMC Co., Ltd. It will make better use of technical resources and capital advantages of both companies to give play to scale effect.
[Trading Alarm]
○ Harson to debut IPO on June 17
------
Harson Co., Ltd. (732958) will offer shares at 9.15 yuan per share with an upper limit of 21,000 shares for each applicant. The company's PE ratio is 23 times. The company is mainly engaged in high and mid-end woman's footwear.
TOP
○ Samsung to issue new flagship handset, highlighting iris recognition technology
○ Industrialization development of Beidou Navigation System becomes clear, Tencent vigorously deploy medical informatization
○ Shidai Wanheng to invest in high-energy lithium battery, Actual controller of Hongqi Chain introduces Sichuan SASAC
○ Sinoenergy proposes high share conversion, Four institutions bought Sevenstar Electronics
[SSN Focus]
○ Samsung to issue new flagship handset, highlighting iris recognition technology
------
According to a news cited from overseas media by Huanqiu Technology, Samsung will apply the iris scanning technology to its new flagship handset Galaxy Note 7, which is expected to be officially launched in early August. The iris scanning technology can identify 266 features of human eyes, more accurate compared with traditional technologies. It is learnt that the South Korean image technology company Patron had won the right for exclusive supply of biological recognition and iris camera modules of Galaxy Note 7 "several months ago".
Comment: research institutions' report shows that iris recognition technology will be popularized rapidly in the next 10 to 15 years. In listed companies, Linzhou Heavy Machinery Group Co., Ltd. (002535.SZ)'s associate company IrisKing is engaged in the R＆D and manufacturing of iris identity authentication system and products; Shenzhen O-film Tech Co., Ltd. (002456.SZ) indicated in its annual report that it has prioritized the development of iris recognition camera.
[SSN Selection]
○ SSN learnt that the list of innovative enterprises on the new third board will be publicized soon. The first batch of nearly 900 enterprises will be categorized as innovative enterprises.
○ A 5-year duration Treasury ETF of CSOP Asset Management Limited listed on the Hong Kong Exchanges Limited obtained 1 billion yuan net subscription on June 15, which likely due to overseas investor's confidence in the stability of yuan.
○ Three-month duration Treasury deposit which completed the bid on June 16 witnessed the lowest bidding interest rate in recent years. It is estimated that the capital resource of the treasury deposit can smoothly go through the key time frame at the end of the half year.
○ The British central bank issued warning on Brexit, saying that it may result in the economic growth heading to an actual downside trajectory.
TOP
[Industry Information]
○ Beidou Navigation white paper to issued, path of industrial development becomes clear
------
The white paper of China Beidou navigation system was issued on June 16. It made clear the path of the application and industrialization development of Beidou System: firstly, build industry guarantee system; secondly, build advancement system for industrial application; thirdly, build industrial innovation system. Relevant officials indicated that China has formed a complete Beidou industrial system consisted of chip module, application terminal and operation service. Currently, China is building a high precision foundation enhancement network across the nation, and the project will be ready for pilot run at the end of the year. The accuracy of the pilot run can reach decimeter, and is expected to be further improved to centimeter upon completion.
Comment: It is learnt that the output value of Beidou industry reached 173.5 billion yuan last year. In the first quarter of the year, over 30 percent smart phones made in China adopted Beidou chips. Huatai Securities estimated that Beidou industry will experience explosive growth during the 13th "Five-Year" plan period, and the scale of the industry is expected to have 10 times or more growth potential. In listed companies, Beijing Unistrong Science ＆ Technology Co., Ltd. (002383.SZ) has launched China's first centimeter-level Beidou receiver equipped with satellite foundation enhancement; Hwa Create Corporation (300045.SZ) has advantages in Beidou simulation test equipment. It emphasizes national defense and war industry areas.
○ Tencent vigorously deploy medical informatization
------
On June 16, the 2016 China Internet plus medical treatment summit forum hosted by Tencent was unveiled in Beijing. Government officials from various departments such as the National Health and Family Planning Commission (NHFPC) and experts from the medical industry such as academician from Chinese Academy of Sciences attended the forum. The forum exhibited "Internet plus chronic disease management" strategic cooperation pilot works jointly conducted by Tecent and Guizhou provincial NHFPC. On the same day, Tencent also signed strategic cooperation framework agreement with Sichuan NHFPC, seeking to conduct strategic cooperation in medical big data and cloud service and the construction of convenient clinic platform for hospitals.
Comment: all levels of government has recently introduced a host of policies to promote multi-level medical treatment and family doctor contract service. And the demand for medical treatment informatization has significantly increased. Institutions expressed rosy opinions in their research reports on the cooperation between Winning Health Technology Group Co., Ltd. (300253.SZ) and large top hospitals and China Life Insurance to build medical health information service system; Hangzhou Century Co., Ltd. (300078.SZ) has been investigated by tens of institutions recently. The company's new business formed after reorganization is a focus for investors.
Comment: As the governments at all levels issued polices to promote hierarchical treatment, family doctor contract services and other new models, demands for medical informatization will improve remarkably. Institutions are optimistic about the cooperation among Winning Health Technology Group Co., Ltd. (300253.SZ), large AAA hospitals and China Life Insurance Company Limited (601628.SH; 02628.HK) to build medical and health information service system. Hangzhou Century Co., Ltd. (300078.SZ) has been investigated by dozens of institutions. The company's new medical treatment was highlighted.
TOP
[Announcement Interpretation]
○ Shidai Wanheng plans to raise RMB800 mln through private placement to invest in high-energy lithium battery project
------
Liaoning Shidai Wanheng Co., Ltd. (600241.SZ) proposes to raise 800 million yuan by issuing shares at prices no less than 11.72 yuan per share through private placement to invest in high-energy lithium-ion power battery project. Liaoning Shidai Wanheng Holdings Group Co., Ltd., the company's controlling shareholder, promises to subscribe 500 million yuan.
After the project completes, lithium battery manufacturing will become a main profit source for Shidai Wanheng. The company will have a productivity of 144 million sets of high-energy lithium-ion power batteries. It is estimated that its annual operation revenue can reach 1.28 billion yuan, with an annual average profit of 239 million yuan.
○ Actual controller of Hongqi Chain introduces Sichuan SASAC by decreasing shareholding
------
Cao Shiru, the actual controller of Chengdu Hongqi Chain Co., Ltd. (002697.SZ), on June 15 transferred 168.8 million shares, or 12.41 percent equities to Sichuan Sans Venture Capital Co., Ltd. under the State-owned Assets Supervision and Administration Commission (SASAC) of Sichuan Province at 5.35 yuan per share via bulk trading. After shareholding decrease, Cao Shiru completed his plan to decrease 13 percent shareholdings in the company, but still holds 42.48 percent shares in the company as the actual controller. The company's stock prices closed at 6.18 yuan per share on June 16.
Comment: Sichuan Sans Venture Capital Co., Ltd. is owned by the State-owned Assets Supervision and Administration Commission of Sichuan Province. It indicated that it increased shareholdings in the company because it is optimistic about its prospect and wants to share its operation achievements. It also noted that it has no plan to increase or decrease shareholdings in the company in the next 12 months.
○ Hunan TV ＆ Broadcast Intermediary's venture capital gains approval for IPO
------
Hunan Culture Tourism Industry Investment Fund, managed by Hunan Dachen Culture Tourism VC Management Co., Ltd., the grandchildren company of Hunan TV ＆ Broadcast Intermediary Co., Ltd. (000917.SZ), holds 8,694,000 shares in Xiamen G-bits Network Technology Co., Ltd., accounting for 16.29 percent of the company's total share capital before going listed. Currently, G-bits Network Technology gained approval from the issuance examination committee to debut IPO on the A-share market. Partners of Hunan Culture Tourism Industry Investment Fund will subscribe a total of 2.17 billion yuan. Specially, Hunan TV ＆ Broadcast Intermediary will contribute 20.72 percent of the subscriptions. Its wholly-owned subsidiary Fortune Capital will contribute 5.52 percent. Hunan Dachen Culture Tourism VC Management will contribute 1.03 percent.
○ Employee shareholding plan of employee shareholding to buy 5pct. shares
------
The N.o. 1 employee shareholding asset management plan of Zhongzhu Holding Co., Ltd. (600568.SH) has purchased a total of over 31.86 million shares in the company, accounting for 5 percent of the company share capital.
TOP
[Financial Reports Express]
○ Sinoenergy proposes high share conversion in annual report
------
MKCP VC, shareholder of Changchun Sinoenergy Corporation (600856.SH) holding over 10 percent shares in the company, plans to propose a 10-for-10 conversion of capital surplus into shares at its 2015 shareholdings' meeting. The proposal has been agreed by the company's controlling shareholder.
[Trading Trends]
○ Four institutions bought Sevenstar Electronics
------
The trading volume ranking list on June 16 showed that Beijing Sevenstar Electronics Co., Ltd. (002371.SZ) was bought by four institutions with a total amount of 81.91 million yuan, accounting for 8.62 percent of its intraday turnover. Another two institutional seat net sold 48.58 million yuan.
Comment: The company is mainly engaged in integrated circuit manufacturing equipment and high-precision electron component. Institutions believe that the ratio of domestic-made integrated circuit equipment is rather low. The equipment industry in China will continue to grow under the guidance of policies. The company gained approval from the acquisition and reorganization committee to acquire Beijing NMC Co., Ltd. It will make better use of technical resources and capital advantages of both companies to give play to scale effect.
[Trading Alarm]
○ Harson to debut IPO on June 17
------
Harson Co., Ltd. (732958) will offer shares at 9.15 yuan per share with an upper limit of 21,000 shares for each applicant. The company's PE ratio is 23 times. The company is mainly engaged in high and mid-end woman's footwear.
TOP
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