[Today's Guide]
○ New super-capacitor streetcar launched, capacitor industrial growth expects.
○ Enterprises limiting production and industrial downstream increasing inventory demands boost refrigerant price rebound
○ Kingland Pipeline and Technologies likely to step in military field, Jinming Machinery to launch employee shareholding plan
○ Shareholding proportion of Tibet Tourism's controlling shareholding up, Kangmei Phar. carries out strategic cooperation with China Unicom
[SSN Focus]
○ New super-capacitor streetcar launched, capacitor industrial growth expects
------
The first totally automatic super-capacitor streetcar without overhead line system for the whole journey in China has been formally launched on Aug. 1, with three major advantages of no overhead line system for the whole journey, 30-second rapid charge, and cyclic energy utilization, which fills in the domestic blank of such product.
Comment: Charge and discharge indicators of super-capacitor and lithium battery are complementary to each other, which are not only suitable for streetcar charging at any time, but also other likely to apply for types of streetcars. They can greatly improve the peak output capability. The global super-capacitor market scale reached 17,346 million U.S. dollars in 2015, and annual compound growth rate is expected to be 21.3 percent in next five years; only over ten leading enterprises in China, including Nantong Jianghai Capacitor Co., Ltd. (002484.SZ), can realize volume production at a practical level, Zheshang Securities' research report shows.
[SSN Selection]
○ A network-based transportation service company DiDi Chuxing announced to acquire another similar company Uber China, and experts in the interview indicated that such market's oligopoly will arrive soon.
○ The online shopping provider Tmall Medicine has stopped online sales of drugs since August 1, and insiders are optimistic about pharmaceutical distribution companies' benefiting from this.
○ August 1 is the "deadline" to cancel the private fund managers, and over 7,800 ones have been cancelled, according to announcement of Asset Management Association of China.
○ (Caixin) Markit PMI greatly increased by 2 percentage points when compared to last month to 50.6 percent in July, and the economic trend of building a bottom and stabilization does not change.
○ In July, average position of stock funds declined 1.19 percentage points when compared to last month, and the funds increase positions in electronics and machinery equipment sectors against the market trend.
TOP
[Industry Information]
○ Enterprises limiting production and industrial downstream increasing inventory demands boost refrigerant price rebound
------
SSN learnt that, due to supply reduction from enterprises' limited production and increased inventory demands in the downstream, refrigerant price rebounds. The refrigerant R22 price increased over 3 percent in the latest week, and the offering price in the Eastern China is 9,500 yuan per ton, Baiinfo. data shows. Additionally, the price of refrigerants, like R32, R125 and R410a, also rebounds to some extent.
Comment: Along with following overhaul of production devices, the market supply will further decline, and supply-demand situation will possibly turn good, related manufacturers indicated. Moreover, due to high temperature, the demands of air conditioner maintenance market also increase, supporting the refrigerant price. Zhejiang Juhua Co., Ltd. (600160.SH) has a R22 production capacity of 100,000 tons, and meanwhile, it is also expanding the high-class refrigerant market; Thaihot Group Co., Ltd. (000732.SZ) invested 943 million yuan to build up a fluorine chemistry project of 10,000 tons, which is in trial production, and this project will mainly produce ODS substitution, fluororesin and fluorine polymer.
TOP
[Announcement Interpretation]
○ Kingland Pipeline and Technologies cooperates with China Poly, likely to step in military field in future
------
Zhejiang Kingland Pipeline and Technologies Co., Ltd. (002443.SZ) and China Poly Technologic ＆ Defensive Investment Co., Ltd. have signed strategic cooperation agreement. The latter will provide business opportunity related to overseas defense base construction and main businesses, including professional military merging and military target assets with advanced technologies home and aboard. Kingland Pipeline and Technologies will resume the trading on August 2.
○ Jinming Machinery to launch employee shareholding plan
------
Guangdong Jinming Machinery Co., Ltd. (300281.SZ) launches the phase-1 employee shareholding plan to raise 40 million yuan at most from no more than 100 employees. It will set up collective trust product in a leverage proportion of 1:1. The amount to be entrusted will be 80 million yuan with duration of 24 months. Based on the capital size of 80 million yuan and the company's stock price on July 29, this trust plan is able to buy 2.33% shares of the company at most. The latest closing price of the company is 13.64 yuan per share.
TOP
○ Shareholding proportion of Tibet Tourism's controlling shareholding up to 20 pct.
------
Guofeng Group Co., Ltd., controlling shareholder of Tibet Tourism Co., Ltd. (600749.SH) increased its shareholding in the company by 7,372,800 shares at an average price of 18.76 yuan per share during July 21 and 29, accounting for 3.89 percent of the company's total share capital. Hence, Guofeng Group's stake in the company will hike from 16.1 percent to 20 percent. Guofeng Group indicated that it made this move based on its acknowledgement in the development prospect of the listed company's future business and the shareholding increase will strengthen its controlling right in the listed company. Tibet Tourism and Guofeng Group previously terminated matters on restructuring and promised no major asset restructuring within three months.
Zhong Cong, actual controller of Beijing Kingee Culture Development Co., Ltd. (002721.SZ) continued to buy 3,928,800 shares of the company during July 27 and 29, accounting for 0.61 percent of the company's total share capital. Zhong bought more than 7 million shares of the company on July 25-26.
○ Kangmei Phar. carries out strategic cooperation with China Unicom
------
Kangmei Pharmaceutical Co., Ltd. (600518.SH) signed strategic cooperation agreement with Guangdong branch office of China United Network Communications Limited (600050.SH) to carry out cooperation on smart pharmacy, Internet plus medical treatment, Internet plus pension service and other fields. The company disclosed in a response to an inquiry letter of Shanghai Stock Exchange that this cooperation aims to expand channels of data traffic and is an important measure to promote "Internet plus big health" strategy.
[Financial Reports Express]
○ Talent Television ＆ Film proposes high share conversion
------
Controlling shareholder of Zhejiang Talent Television ＆ Film Co., Ltd. (300426.SZ) proposes a 15-for-10 conversion of capital surplus into shares in its semiannual report.
○ China Merchants Bank sees growth in performance
------
Net profit of China Merchants Bank Co., Ltd. (600036.SH) grows by 6.84 percent in its semiannual report. The company's non-performing loan ratio recorded 1.83 percent as of June 30, up by 0.15 percentage point when compared with 1.68 percent at the end of 2015.
[Trading Trends]
○ Institution pay attention to quality growth stocks
------
Public information at the investor interaction platform at Shenzhen Stock Exchange shows that quality growth stocks with long-term stable performance gain attention from institutions in July. Yunnan Baiyao Group Co., Ltd. (000538.SZ) was inspected by institutions for five times, and BYD Company Limited (002594.SZ), BYD Company Limited (000060.SZ), Yantai Moon Co., Ltd. (000811.SZ), Midea Group Co., Ltd. (000333.SZ) and Zhejiang Semir Garment Co., Ltd. (002563.SZ) and other individual stocks were also surveyed by institutions. Analysts believe that under the current fluctuation, institutions prefers to seek industries with strong certainty in performance and better prosperity. The quality growth stocks in pharmaceutical industry are under low valuation now, so they are concerned by the market. This trend is expected to continue in the medium and long term.
○ Jincheng Paper bought through four institutional seats
------
On August 1, Jincheng Paper Co., Ltd. (002326.SZ) was bought through four institutional seats with a total of 57.52 million yuan, accounting for 17.2 percent of its intraday turnover, and it was sold by one institutional seat with a total of 7,454,000 yuan.
Comment: Jincheng Paper announced at noon of August 1 that its proposal to restructure Jiangsu Province Metallurgical Design Institute Co., Ltd. of Shenwu Group was approved by China Securities Regulatory Commission. Institutions believe that the restructuring will make the company the only platform for Shenwu Group to integrate business. Jiangsu Province Metallurgical Design Institute is advantageous in technically environmental protection and economic strength. With environmental protection increasingly strengthened, its technology will accelerate release of industrial demand to see huge market potential.
[Trading Alarms]
○ Goldengreen Technologies and Yahong Moulding launch IPO on Aug. 2
------
Suzhou Goldengreen Technologies Ltd. (002808.SZ) is going to launch IPO at a price of 7.71 yuan per share with an upper subscription limit of 12,000 shares for each account. The PE ratio is 23 times. The company is engaged in laser organic photosensitive drum which is mainly used in copying machine and fax machine. Shanghai Yahong Moulding Co., Ltd. is going to launch IPO at a price of 6.88 yuan per share with an upper subscription limit of 10,000 shares for each account. The PE ratio is 18 times. The company is specialized in precision plastic mould.
TOP
○ New super-capacitor streetcar launched, capacitor industrial growth expects.
○ Enterprises limiting production and industrial downstream increasing inventory demands boost refrigerant price rebound
○ Kingland Pipeline and Technologies likely to step in military field, Jinming Machinery to launch employee shareholding plan
○ Shareholding proportion of Tibet Tourism's controlling shareholding up, Kangmei Phar. carries out strategic cooperation with China Unicom
[SSN Focus]
○ New super-capacitor streetcar launched, capacitor industrial growth expects
------
The first totally automatic super-capacitor streetcar without overhead line system for the whole journey in China has been formally launched on Aug. 1, with three major advantages of no overhead line system for the whole journey, 30-second rapid charge, and cyclic energy utilization, which fills in the domestic blank of such product.
Comment: Charge and discharge indicators of super-capacitor and lithium battery are complementary to each other, which are not only suitable for streetcar charging at any time, but also other likely to apply for types of streetcars. They can greatly improve the peak output capability. The global super-capacitor market scale reached 17,346 million U.S. dollars in 2015, and annual compound growth rate is expected to be 21.3 percent in next five years; only over ten leading enterprises in China, including Nantong Jianghai Capacitor Co., Ltd. (002484.SZ), can realize volume production at a practical level, Zheshang Securities' research report shows.
[SSN Selection]
○ A network-based transportation service company DiDi Chuxing announced to acquire another similar company Uber China, and experts in the interview indicated that such market's oligopoly will arrive soon.
○ The online shopping provider Tmall Medicine has stopped online sales of drugs since August 1, and insiders are optimistic about pharmaceutical distribution companies' benefiting from this.
○ August 1 is the "deadline" to cancel the private fund managers, and over 7,800 ones have been cancelled, according to announcement of Asset Management Association of China.
○ (Caixin) Markit PMI greatly increased by 2 percentage points when compared to last month to 50.6 percent in July, and the economic trend of building a bottom and stabilization does not change.
○ In July, average position of stock funds declined 1.19 percentage points when compared to last month, and the funds increase positions in electronics and machinery equipment sectors against the market trend.
TOP
[Industry Information]
○ Enterprises limiting production and industrial downstream increasing inventory demands boost refrigerant price rebound
------
SSN learnt that, due to supply reduction from enterprises' limited production and increased inventory demands in the downstream, refrigerant price rebounds. The refrigerant R22 price increased over 3 percent in the latest week, and the offering price in the Eastern China is 9,500 yuan per ton, Baiinfo. data shows. Additionally, the price of refrigerants, like R32, R125 and R410a, also rebounds to some extent.
Comment: Along with following overhaul of production devices, the market supply will further decline, and supply-demand situation will possibly turn good, related manufacturers indicated. Moreover, due to high temperature, the demands of air conditioner maintenance market also increase, supporting the refrigerant price. Zhejiang Juhua Co., Ltd. (600160.SH) has a R22 production capacity of 100,000 tons, and meanwhile, it is also expanding the high-class refrigerant market; Thaihot Group Co., Ltd. (000732.SZ) invested 943 million yuan to build up a fluorine chemistry project of 10,000 tons, which is in trial production, and this project will mainly produce ODS substitution, fluororesin and fluorine polymer.
TOP
[Announcement Interpretation]
○ Kingland Pipeline and Technologies cooperates with China Poly, likely to step in military field in future
------
Zhejiang Kingland Pipeline and Technologies Co., Ltd. (002443.SZ) and China Poly Technologic ＆ Defensive Investment Co., Ltd. have signed strategic cooperation agreement. The latter will provide business opportunity related to overseas defense base construction and main businesses, including professional military merging and military target assets with advanced technologies home and aboard. Kingland Pipeline and Technologies will resume the trading on August 2.
○ Jinming Machinery to launch employee shareholding plan
------
Guangdong Jinming Machinery Co., Ltd. (300281.SZ) launches the phase-1 employee shareholding plan to raise 40 million yuan at most from no more than 100 employees. It will set up collective trust product in a leverage proportion of 1:1. The amount to be entrusted will be 80 million yuan with duration of 24 months. Based on the capital size of 80 million yuan and the company's stock price on July 29, this trust plan is able to buy 2.33% shares of the company at most. The latest closing price of the company is 13.64 yuan per share.
TOP
○ Shareholding proportion of Tibet Tourism's controlling shareholding up to 20 pct.
------
Guofeng Group Co., Ltd., controlling shareholder of Tibet Tourism Co., Ltd. (600749.SH) increased its shareholding in the company by 7,372,800 shares at an average price of 18.76 yuan per share during July 21 and 29, accounting for 3.89 percent of the company's total share capital. Hence, Guofeng Group's stake in the company will hike from 16.1 percent to 20 percent. Guofeng Group indicated that it made this move based on its acknowledgement in the development prospect of the listed company's future business and the shareholding increase will strengthen its controlling right in the listed company. Tibet Tourism and Guofeng Group previously terminated matters on restructuring and promised no major asset restructuring within three months.
Zhong Cong, actual controller of Beijing Kingee Culture Development Co., Ltd. (002721.SZ) continued to buy 3,928,800 shares of the company during July 27 and 29, accounting for 0.61 percent of the company's total share capital. Zhong bought more than 7 million shares of the company on July 25-26.
○ Kangmei Phar. carries out strategic cooperation with China Unicom
------
Kangmei Pharmaceutical Co., Ltd. (600518.SH) signed strategic cooperation agreement with Guangdong branch office of China United Network Communications Limited (600050.SH) to carry out cooperation on smart pharmacy, Internet plus medical treatment, Internet plus pension service and other fields. The company disclosed in a response to an inquiry letter of Shanghai Stock Exchange that this cooperation aims to expand channels of data traffic and is an important measure to promote "Internet plus big health" strategy.
[Financial Reports Express]
○ Talent Television ＆ Film proposes high share conversion
------
Controlling shareholder of Zhejiang Talent Television ＆ Film Co., Ltd. (300426.SZ) proposes a 15-for-10 conversion of capital surplus into shares in its semiannual report.
○ China Merchants Bank sees growth in performance
------
Net profit of China Merchants Bank Co., Ltd. (600036.SH) grows by 6.84 percent in its semiannual report. The company's non-performing loan ratio recorded 1.83 percent as of June 30, up by 0.15 percentage point when compared with 1.68 percent at the end of 2015.
[Trading Trends]
○ Institution pay attention to quality growth stocks
------
Public information at the investor interaction platform at Shenzhen Stock Exchange shows that quality growth stocks with long-term stable performance gain attention from institutions in July. Yunnan Baiyao Group Co., Ltd. (000538.SZ) was inspected by institutions for five times, and BYD Company Limited (002594.SZ), BYD Company Limited (000060.SZ), Yantai Moon Co., Ltd. (000811.SZ), Midea Group Co., Ltd. (000333.SZ) and Zhejiang Semir Garment Co., Ltd. (002563.SZ) and other individual stocks were also surveyed by institutions. Analysts believe that under the current fluctuation, institutions prefers to seek industries with strong certainty in performance and better prosperity. The quality growth stocks in pharmaceutical industry are under low valuation now, so they are concerned by the market. This trend is expected to continue in the medium and long term.
○ Jincheng Paper bought through four institutional seats
------
On August 1, Jincheng Paper Co., Ltd. (002326.SZ) was bought through four institutional seats with a total of 57.52 million yuan, accounting for 17.2 percent of its intraday turnover, and it was sold by one institutional seat with a total of 7,454,000 yuan.
Comment: Jincheng Paper announced at noon of August 1 that its proposal to restructure Jiangsu Province Metallurgical Design Institute Co., Ltd. of Shenwu Group was approved by China Securities Regulatory Commission. Institutions believe that the restructuring will make the company the only platform for Shenwu Group to integrate business. Jiangsu Province Metallurgical Design Institute is advantageous in technically environmental protection and economic strength. With environmental protection increasingly strengthened, its technology will accelerate release of industrial demand to see huge market potential.
[Trading Alarms]
○ Goldengreen Technologies and Yahong Moulding launch IPO on Aug. 2
------
Suzhou Goldengreen Technologies Ltd. (002808.SZ) is going to launch IPO at a price of 7.71 yuan per share with an upper subscription limit of 12,000 shares for each account. The PE ratio is 23 times. The company is engaged in laser organic photosensitive drum which is mainly used in copying machine and fax machine. Shanghai Yahong Moulding Co., Ltd. is going to launch IPO at a price of 6.88 yuan per share with an upper subscription limit of 10,000 shares for each account. The PE ratio is 18 times. The company is specialized in precision plastic mould.
TOP
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