[Today's Guide]
○ National heal meeting held, medical equipment to see localization opportunity
○ Djakarta-Bandung express railway project gained whole line construction permission, China's express railway takes key step towards oversea market
○ Besttone to acquire internet ＆ entertainment assets for RMB3,896 mln, Evergrande Life Insurance becomes shareholder of Etern
○ Sinoer Men's Wear and etc. forecast large growth in first three quarters, Baota Industry proposes high share conversion
[SSN Focus]
○ National heal meeting held, medical equipment to see localization opportunity
------
National heal meeting was held in Beijing from August 19 to 20. Chinese President Xijinping attended the meeting and addressed a significant speech that citizens' health will be set as a prior strategy. Therefore, in order to detail the implementation of "Made in China" strategy, four ministries including Ministry of Industry and Information Technology (MIIT) issued five project implementation guidelines on August 19, and especially, the one for high-end equipment innovation proposed to speed up high-performance medical equipment research, and achieve breakthroughs in equipment for digital image, clinical examination and health monitoring.
Comment: High-end products only account for 25 percent in medical equipment market domestically, with 70 percent of market share occupied by foreign-funded enterprises, institutions pointed out. Along with accelerating transfer of international industries, some of those previously depended on imported equipment, but now are gradually replacing them with domestic ones, and there is huge space for high-end imaging diagnosis equipment and in vitro diagnosis, as domestic enterprises only take up small market share in these fields. In terms of listed companies, China Resources Wandong Medical Equipment Co., Ltd. (600055.SH) is very competitive in the digital image equipment field; Da An Gene Co., Ltd.of Sun Yat-Sen University (002030.SZ) gains advantages of whole industrial chain in high-throughput genome sequencing devices, reagent and service.
TOP
○ IPOs of 13 companies approved
------
China Securities Regulatory Commission approved the IPO applications of 13 companies on August 19, such as Changshu Rural Commercial Bank (CRCB) and Yunnan Chuangxin New Materials Co., Ltd., with total fundraising amount expected to be no more than 10.9 billion yuan. Data shows that Changshu Fengfan Power Equipment Co., Ltd. (601700.SH) holds 27.41 million shares of CRCB, 1.37 percent of the total equity, and the book balance is 28.40 million yuan; Shanghai Lvxin Packing Materials Science Technology Co., Ltd. (002565.SZ) holds 3.40 million shares of Chuangxin New Materials, 3.39 percent of the total equity, and book balance is 21.98 million yuan.
[SSN Selection]
○ Official at Ministry of Finance on August 21 indicated that fiscal subsidy policy for new energy automobile will be adjusted soon, and subsidies will be raised based on higher threshold.
○ Specialized de-capacity supervision scheme for steel and coal industries was issued on August 17, which will be initiated from next week (the one starts from August 22), according to National Development and Reform Commission.
○ The first wave of environmental protection supervision work implemented by the central government ended, and four disclosed provinces have been punished by penalty of 117.26 million yuan in total.
○ China's women volleyball team won the Olympic champion again after 12 years of last time, and Bright Dairy ＆ Food Co., Ltd. (600597.SH) is the sponsor.
○ It gains a revenue growth rate of 48.8 percent year on year based on semi-annual report of China Vanke Co., Ltd. (000002.SZ), and chairman secretary indicated that stabilizing the team will be a core task for the second half year.
[Industry Information]
○ Djakarta-Bandung express railway project gained whole line construction permission, China's express railway takes key step towards oversea market
------
Indonesian transportation ministry has issued whole line construction permission for Djakarta-Bandung express railway project at the beginning of this month, which is listed as a priority to be constructed, according to caixin.com. A joint venture of China Railway Group Limited (601390.SH), Power Construction Corporation of China, Ltd. (601669.SH), CRRC Corporation Limited (601766.SH) and Indonesia will speed up the construction.
Comment: The said project is the first one to be carried out by China's express railway in overseas market which is all excellent in technological standard, materials supply, exploration ＆ design, employee training, operational management and etc., and China hopes to realize a breakthrough for "go out" of whole industrial chain for express railway through this project. Statistics shows that China's "go out" railway projects have already been in Asia, Europe, North America and Africa, and China-Thailand railway project, Hungary-Serbia railway project, Mosco-Kazan express railway project and others all gain positive progress recently. Besides Chinese-funded enterprises directly going out for overseas market, listed companies with small market value and producing railway components, such as Nanjing Kangni Mechanical ＆ Electrical Co., Ltd. (603111.SH), Zhejiang Yonggui Electric Equipment Co., Ltd. (300351.SZ) and Beijing Dinghan Technology Co., Ltd. (300111.SZ), are also widely bullish to institutions.
TOP
◆ The first railway factory set by CRRC Corporation in India was formally put in production on August 20, going to push international production capacity cooperation and domestic manufacturing.
○ American network targets to be attached include Chinese enterprises, network security market shows huge space
------
Network "weapons depot" of National Security Agency has been attached by hackers recently based on the latest information provided by Snowden having exposed PRISM monitoring program, the Xinhua News Agency reported. The disclosed data shows that American network targets include Router and firewall products of CSCO, Juniper Networks, Fortinet and etc., and Chinese information security company Topsec Technologies Inc. is also one of the targets to be attached.
Comment: Rich household resources in bandwidth and computers now are bringing in network attach risk, experts introduced. Network security market is likely to speed up out of expectation, the composite growth rate will be 25 percent to 30 percent in next three to five years, accelerating the pace to open a market of 100 billion yuan. Bluedon Information Security Technologies Co., Ltd. (300297.SZ) is a leading private network and service provider in domestic network security industry; Venustech Group Inc. (002439.SZ) is a also leading enterprise to this respect, being the first mover domestically to launch a 3-generation security management platform of integrating big data technology.
[Announcement Interpretation]
○ Besttone to acquire internet ＆ entertainment assets for RMB3,896 mln
------
Besttone Holding Co., Ltd. (600640.SH) plans to acquire the 100 percent equities of four targets, including TV189.COM, Dazzle Interactive Network Technologies, TYread.com and icartoons.cn, from its substantial shareholder China Telecom, with 3,896 million yuan through private placement and cash. And the offering price for private placement will be 14.45 yuan per share. China Telecom has promised that the said targets will gain net profit of 214 million, 261 million and 308 million yuan respectively from 2016 to 2018.
Comment: By acquiring the four companies engaged in video, game, reading and animation businesses, Besttone, a listed company now mainly involved in business like reservations for business trips and hotel operation management, aims at building an intellectual cultural recreation platform and creating a leisure ecosystem of general entertainment.
TOP
○ Evergrande Life Insurance ranks as 7th largest shareholder of Etern
------
The semiyearly report of Jiang Su Etern Co., Ltd. (600105.SH) shows that as of June 30, an insurance product under Evergrande Life Insurance Co., Ltd. holds 12,848,800 shares of the company, accounting for 1.36 percent of its total share capital and making Evergrande Life Insurance the seventh largest shareholder. Etern pocketed a net profit of 114 million yuan in the first half, indicating a growth of 21 percent.
With its development potential in overseas electric power engineering stimulated by the "Belt and Road" Initiative, Etern is also involved in the early-stage R＆D of circuit group for new energy vehicles. Certain progress has also been made in superconductivity.
○ Reorganization of Misho Ecology ＆ Landscape nodded
------
Reorganization of Misho Ecology ＆ Landscape Co., Ltd. (300495.SZ) is nodded by the China Securities Regulatory Commission (CSRC) with no conditions.
○ Several QFIIs become shareholders of Shenzhen Airport
------
The semiyearly report of Shenzhen Airport Co., Ltd. (000089.SZ) shows that several QFIIs are among its Top 10 shareholders. As of the end of Q2, the shareholding ratio of UBS AG climbs from 2.41 percent to 4.07 percent, making UBS AG the second largest shareholder of the company. Merrill Lynch International, Deutsche Bank Aktiengesellschaft, Fidelity International and Gaohua-HSBC-GOLDMAN, SACHS ＆ CO. ranks as the fourth, sixth, eighth and ninth substantial shareholder, respectively.
In its semiyearly report, the revenue is reported down 1.54 percent while the net profit up 22 percent. Research report by GF securities believes that the company's aircraft will be able to take off independently at departure (southbound) in the second half. The technology can largely improve the rate of normal release of flights and the capacity might be enlarged.
○ Bearing Science ＆ Technology to acquire SINOMACH Precision Industry with RMB898 mln
------
Luoyang Bearing Science ＆ Technology Co., Ltd. (002046.SZ) proposes to acquire 100 percent equities, around 100 million shares, of SINOMACH Precision Industry Co., Ltd. at 8.97 yuan per share through private placement from its controlling shareholder China National Machinery Industry Corporation (SINOMACH). The transaction will be done at 898 million yuan, representing a value-added ratio of 32.06 percent. Meanwhile, the company will raise a supporting fund of 629 million yuan through private placement at no less than 9.65 yuan per share from the subsidiaries of SINOMACH. The supporting fund will be used to pay for the under-construction projects of the underlying company. The net profit of SINOMACH Precision Industry in 2015 and the first of 2016 recorded 20,134,600 yuan and 4,660,200 yuan, respectively.
Since Zhenzhou New Asia Superhard Material Composite Co., Ltd., holding 50.06 percent equities of SINOMACH Precision Industry, adopts income approach in evaluation (326 million yuan), its counterparty promises that the net profit of New Asia Superhard Material Composite during the 2016-2018 period should reach 13 million yuan, 16 million yuan and 17 million yuan, respectively. The acquired company holds advanced technology in abrasive machining and the manufacturing of grinding apparatus for superhard materials, helping to expand the industrial chain and enrich the customer resources of the listed company.
[Financial Reports Express]
○ Sinoer Men's Wear and etc. forecast large growth in first three quarters
------
In the semiyearly reports, Sinoer Men's Wear Co., Ltd. (002485.SZ) forecasts a net profit growth of over 400 percent in the first half and a performance growth of around 8,200 percent in the first three quarters; Guangdong Ronsen Super Micro-Wire Co., Ltd. (002141.SZ) expects to turn loss into gain in the first half and proposes a 25-for-10 share conversion. The company also expects a performance growth of around 800 percent in the first three quarters; Ningbo Tech bank Co., Ltd. (002124.SZ) forecasts a net profit growth of over 1,000 percent and a performance growth of around 600 percent in the first three quarters; Huizhou China Eagle Electronic Technology Co., Ltd. (002579.SZ) expects a net profit growth of 700 percent in the first half and a performance growth of over 400 percent in the first three quarters; Huawei Culture Co., Ltd. (002502.SZ) forecasts a net profit growth of 200 percent in the first half and a performance growth of 200 percent in the first three quarters. The company also proposes a 10-for-10 share conversion.
TOP
○ Baota Industry proposes high share conversion
------
Baota Industry Co., Ltd. (000595.SZ) reports loss in its semiyearly report and records a loss reduction of 37 percent from a year earlier. The controlling shareholder of the company proposes a 10-for-10 share conversion. Jiangsu Dewei Advanced Materials Co., Ltd. (300325.SZ) expects a decline of 9 percent in terms of net profit in its semiyearly report. The company proposes a 15-for-10 share conversion.
[Weekly Review]
○ Right time to invest in stocks expecting growth in Q3
------
The blue chips were greatly favored by the market last Monday and the SSE Composite Index made its breakthrough upward without taking extra troubles. Non-blue chips showed more active performance in the following four days. As evidenced by the increasing balancing of financing, the investors are considering what to buy.
After the lessons learnt from the turbulence of the stock market and the bullish run of blue chips, investors now attach greater importance to performance. For companies with sound performance like Jiangxi Zhengbang Technology Co., Ltd. (002157.SZ), Jilin Jinguan Electric Co., Ltd. (300510.SZ), Zhuzhou Kibing Group Co., Ltd. (601636.SH), Guangxi Wuzhou Communications Co., Ltd. (600368.SH), Shanghai Maling Aquarius Co., Ltd. (600073.SH) and Dalian Insulator Group Co., Ltd. (002606.SZ), they all surged after the announcement of semiyearly reports. These companies were all reported in the Financial Reports Express before. During the earnings season, the SSN selects companies with high growth from dozens of and even hundreds of performance reports every day, aiming to make it more convenient for investors to have further research.
Sectors with high performance growth always create advantageous conditions for the upsurge of stocks. According to statistic, the minimum growth of net profit in the third quarter forecasted by 156 listed companies is above 0. The P/E ratio of some companies expecting performance growth and engaged in areas like textile, construction material and household appliances is lower than 25 times. Less than two weeks are left for the disclosure of semiyearly reports, the semiyearly reports of over 1,000 listed companies will be launched intensively. SSN will work hard to explore opportunities for investors. Investors can also make statistics and summaries as early as possible so as to invest in undervalued stocks in advance.
○ National heal meeting held, medical equipment to see localization opportunity
○ Djakarta-Bandung express railway project gained whole line construction permission, China's express railway takes key step towards oversea market
○ Besttone to acquire internet ＆ entertainment assets for RMB3,896 mln, Evergrande Life Insurance becomes shareholder of Etern
○ Sinoer Men's Wear and etc. forecast large growth in first three quarters, Baota Industry proposes high share conversion
[SSN Focus]
○ National heal meeting held, medical equipment to see localization opportunity
------
National heal meeting was held in Beijing from August 19 to 20. Chinese President Xijinping attended the meeting and addressed a significant speech that citizens' health will be set as a prior strategy. Therefore, in order to detail the implementation of "Made in China" strategy, four ministries including Ministry of Industry and Information Technology (MIIT) issued five project implementation guidelines on August 19, and especially, the one for high-end equipment innovation proposed to speed up high-performance medical equipment research, and achieve breakthroughs in equipment for digital image, clinical examination and health monitoring.
Comment: High-end products only account for 25 percent in medical equipment market domestically, with 70 percent of market share occupied by foreign-funded enterprises, institutions pointed out. Along with accelerating transfer of international industries, some of those previously depended on imported equipment, but now are gradually replacing them with domestic ones, and there is huge space for high-end imaging diagnosis equipment and in vitro diagnosis, as domestic enterprises only take up small market share in these fields. In terms of listed companies, China Resources Wandong Medical Equipment Co., Ltd. (600055.SH) is very competitive in the digital image equipment field; Da An Gene Co., Ltd.of Sun Yat-Sen University (002030.SZ) gains advantages of whole industrial chain in high-throughput genome sequencing devices, reagent and service.
TOP
○ IPOs of 13 companies approved
------
China Securities Regulatory Commission approved the IPO applications of 13 companies on August 19, such as Changshu Rural Commercial Bank (CRCB) and Yunnan Chuangxin New Materials Co., Ltd., with total fundraising amount expected to be no more than 10.9 billion yuan. Data shows that Changshu Fengfan Power Equipment Co., Ltd. (601700.SH) holds 27.41 million shares of CRCB, 1.37 percent of the total equity, and the book balance is 28.40 million yuan; Shanghai Lvxin Packing Materials Science Technology Co., Ltd. (002565.SZ) holds 3.40 million shares of Chuangxin New Materials, 3.39 percent of the total equity, and book balance is 21.98 million yuan.
[SSN Selection]
○ Official at Ministry of Finance on August 21 indicated that fiscal subsidy policy for new energy automobile will be adjusted soon, and subsidies will be raised based on higher threshold.
○ Specialized de-capacity supervision scheme for steel and coal industries was issued on August 17, which will be initiated from next week (the one starts from August 22), according to National Development and Reform Commission.
○ The first wave of environmental protection supervision work implemented by the central government ended, and four disclosed provinces have been punished by penalty of 117.26 million yuan in total.
○ China's women volleyball team won the Olympic champion again after 12 years of last time, and Bright Dairy ＆ Food Co., Ltd. (600597.SH) is the sponsor.
○ It gains a revenue growth rate of 48.8 percent year on year based on semi-annual report of China Vanke Co., Ltd. (000002.SZ), and chairman secretary indicated that stabilizing the team will be a core task for the second half year.
[Industry Information]
○ Djakarta-Bandung express railway project gained whole line construction permission, China's express railway takes key step towards oversea market
------
Indonesian transportation ministry has issued whole line construction permission for Djakarta-Bandung express railway project at the beginning of this month, which is listed as a priority to be constructed, according to caixin.com. A joint venture of China Railway Group Limited (601390.SH), Power Construction Corporation of China, Ltd. (601669.SH), CRRC Corporation Limited (601766.SH) and Indonesia will speed up the construction.
Comment: The said project is the first one to be carried out by China's express railway in overseas market which is all excellent in technological standard, materials supply, exploration ＆ design, employee training, operational management and etc., and China hopes to realize a breakthrough for "go out" of whole industrial chain for express railway through this project. Statistics shows that China's "go out" railway projects have already been in Asia, Europe, North America and Africa, and China-Thailand railway project, Hungary-Serbia railway project, Mosco-Kazan express railway project and others all gain positive progress recently. Besides Chinese-funded enterprises directly going out for overseas market, listed companies with small market value and producing railway components, such as Nanjing Kangni Mechanical ＆ Electrical Co., Ltd. (603111.SH), Zhejiang Yonggui Electric Equipment Co., Ltd. (300351.SZ) and Beijing Dinghan Technology Co., Ltd. (300111.SZ), are also widely bullish to institutions.
TOP
◆ The first railway factory set by CRRC Corporation in India was formally put in production on August 20, going to push international production capacity cooperation and domestic manufacturing.
○ American network targets to be attached include Chinese enterprises, network security market shows huge space
------
Network "weapons depot" of National Security Agency has been attached by hackers recently based on the latest information provided by Snowden having exposed PRISM monitoring program, the Xinhua News Agency reported. The disclosed data shows that American network targets include Router and firewall products of CSCO, Juniper Networks, Fortinet and etc., and Chinese information security company Topsec Technologies Inc. is also one of the targets to be attached.
Comment: Rich household resources in bandwidth and computers now are bringing in network attach risk, experts introduced. Network security market is likely to speed up out of expectation, the composite growth rate will be 25 percent to 30 percent in next three to five years, accelerating the pace to open a market of 100 billion yuan. Bluedon Information Security Technologies Co., Ltd. (300297.SZ) is a leading private network and service provider in domestic network security industry; Venustech Group Inc. (002439.SZ) is a also leading enterprise to this respect, being the first mover domestically to launch a 3-generation security management platform of integrating big data technology.
[Announcement Interpretation]
○ Besttone to acquire internet ＆ entertainment assets for RMB3,896 mln
------
Besttone Holding Co., Ltd. (600640.SH) plans to acquire the 100 percent equities of four targets, including TV189.COM, Dazzle Interactive Network Technologies, TYread.com and icartoons.cn, from its substantial shareholder China Telecom, with 3,896 million yuan through private placement and cash. And the offering price for private placement will be 14.45 yuan per share. China Telecom has promised that the said targets will gain net profit of 214 million, 261 million and 308 million yuan respectively from 2016 to 2018.
Comment: By acquiring the four companies engaged in video, game, reading and animation businesses, Besttone, a listed company now mainly involved in business like reservations for business trips and hotel operation management, aims at building an intellectual cultural recreation platform and creating a leisure ecosystem of general entertainment.
TOP
○ Evergrande Life Insurance ranks as 7th largest shareholder of Etern
------
The semiyearly report of Jiang Su Etern Co., Ltd. (600105.SH) shows that as of June 30, an insurance product under Evergrande Life Insurance Co., Ltd. holds 12,848,800 shares of the company, accounting for 1.36 percent of its total share capital and making Evergrande Life Insurance the seventh largest shareholder. Etern pocketed a net profit of 114 million yuan in the first half, indicating a growth of 21 percent.
With its development potential in overseas electric power engineering stimulated by the "Belt and Road" Initiative, Etern is also involved in the early-stage R＆D of circuit group for new energy vehicles. Certain progress has also been made in superconductivity.
○ Reorganization of Misho Ecology ＆ Landscape nodded
------
Reorganization of Misho Ecology ＆ Landscape Co., Ltd. (300495.SZ) is nodded by the China Securities Regulatory Commission (CSRC) with no conditions.
○ Several QFIIs become shareholders of Shenzhen Airport
------
The semiyearly report of Shenzhen Airport Co., Ltd. (000089.SZ) shows that several QFIIs are among its Top 10 shareholders. As of the end of Q2, the shareholding ratio of UBS AG climbs from 2.41 percent to 4.07 percent, making UBS AG the second largest shareholder of the company. Merrill Lynch International, Deutsche Bank Aktiengesellschaft, Fidelity International and Gaohua-HSBC-GOLDMAN, SACHS ＆ CO. ranks as the fourth, sixth, eighth and ninth substantial shareholder, respectively.
In its semiyearly report, the revenue is reported down 1.54 percent while the net profit up 22 percent. Research report by GF securities believes that the company's aircraft will be able to take off independently at departure (southbound) in the second half. The technology can largely improve the rate of normal release of flights and the capacity might be enlarged.
○ Bearing Science ＆ Technology to acquire SINOMACH Precision Industry with RMB898 mln
------
Luoyang Bearing Science ＆ Technology Co., Ltd. (002046.SZ) proposes to acquire 100 percent equities, around 100 million shares, of SINOMACH Precision Industry Co., Ltd. at 8.97 yuan per share through private placement from its controlling shareholder China National Machinery Industry Corporation (SINOMACH). The transaction will be done at 898 million yuan, representing a value-added ratio of 32.06 percent. Meanwhile, the company will raise a supporting fund of 629 million yuan through private placement at no less than 9.65 yuan per share from the subsidiaries of SINOMACH. The supporting fund will be used to pay for the under-construction projects of the underlying company. The net profit of SINOMACH Precision Industry in 2015 and the first of 2016 recorded 20,134,600 yuan and 4,660,200 yuan, respectively.
Since Zhenzhou New Asia Superhard Material Composite Co., Ltd., holding 50.06 percent equities of SINOMACH Precision Industry, adopts income approach in evaluation (326 million yuan), its counterparty promises that the net profit of New Asia Superhard Material Composite during the 2016-2018 period should reach 13 million yuan, 16 million yuan and 17 million yuan, respectively. The acquired company holds advanced technology in abrasive machining and the manufacturing of grinding apparatus for superhard materials, helping to expand the industrial chain and enrich the customer resources of the listed company.
[Financial Reports Express]
○ Sinoer Men's Wear and etc. forecast large growth in first three quarters
------
In the semiyearly reports, Sinoer Men's Wear Co., Ltd. (002485.SZ) forecasts a net profit growth of over 400 percent in the first half and a performance growth of around 8,200 percent in the first three quarters; Guangdong Ronsen Super Micro-Wire Co., Ltd. (002141.SZ) expects to turn loss into gain in the first half and proposes a 25-for-10 share conversion. The company also expects a performance growth of around 800 percent in the first three quarters; Ningbo Tech bank Co., Ltd. (002124.SZ) forecasts a net profit growth of over 1,000 percent and a performance growth of around 600 percent in the first three quarters; Huizhou China Eagle Electronic Technology Co., Ltd. (002579.SZ) expects a net profit growth of 700 percent in the first half and a performance growth of over 400 percent in the first three quarters; Huawei Culture Co., Ltd. (002502.SZ) forecasts a net profit growth of 200 percent in the first half and a performance growth of 200 percent in the first three quarters. The company also proposes a 10-for-10 share conversion.
TOP
○ Baota Industry proposes high share conversion
------
Baota Industry Co., Ltd. (000595.SZ) reports loss in its semiyearly report and records a loss reduction of 37 percent from a year earlier. The controlling shareholder of the company proposes a 10-for-10 share conversion. Jiangsu Dewei Advanced Materials Co., Ltd. (300325.SZ) expects a decline of 9 percent in terms of net profit in its semiyearly report. The company proposes a 15-for-10 share conversion.
[Weekly Review]
○ Right time to invest in stocks expecting growth in Q3
------
The blue chips were greatly favored by the market last Monday and the SSE Composite Index made its breakthrough upward without taking extra troubles. Non-blue chips showed more active performance in the following four days. As evidenced by the increasing balancing of financing, the investors are considering what to buy.
After the lessons learnt from the turbulence of the stock market and the bullish run of blue chips, investors now attach greater importance to performance. For companies with sound performance like Jiangxi Zhengbang Technology Co., Ltd. (002157.SZ), Jilin Jinguan Electric Co., Ltd. (300510.SZ), Zhuzhou Kibing Group Co., Ltd. (601636.SH), Guangxi Wuzhou Communications Co., Ltd. (600368.SH), Shanghai Maling Aquarius Co., Ltd. (600073.SH) and Dalian Insulator Group Co., Ltd. (002606.SZ), they all surged after the announcement of semiyearly reports. These companies were all reported in the Financial Reports Express before. During the earnings season, the SSN selects companies with high growth from dozens of and even hundreds of performance reports every day, aiming to make it more convenient for investors to have further research.
Sectors with high performance growth always create advantageous conditions for the upsurge of stocks. According to statistic, the minimum growth of net profit in the third quarter forecasted by 156 listed companies is above 0. The P/E ratio of some companies expecting performance growth and engaged in areas like textile, construction material and household appliances is lower than 25 times. Less than two weeks are left for the disclosure of semiyearly reports, the semiyearly reports of over 1,000 listed companies will be launched intensively. SSN will work hard to explore opportunities for investors. Investors can also make statistics and summaries as early as possible so as to invest in undervalued stocks in advance.
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