[Today's Guide]
○ MIIT proposes goals for integration of informatization and industrialization, industrial cloud enterprise users to double in three years
○ High-profile meeting to held for civil-military integration, Tencent launched its new-generation intelligent glucometer
○ Hongtu Technology to acquire automobile decorating parts producer, Mason Technologies to invest in mobile internet advertisement
○ Zhongnan Heavy Industries to wholly own JG Games, Actual controller of Batian Ecotypic Engineering to increase shareholdings in company
[SSN Focus]
○ MIIT proposes goals for integration of informatization and industrialization, industrial cloud enterprise users to double in three years
------
SSN learns from the Ministry of Industry and Information Technology (MIIT) that the MIIT has proposed development goals for the integrated development of information communication industry and industries. It is proposed to, by the end of 2018, make significant progress in the integrated development of the manufacturing industry and the Internet and to double industrial cloud enterprise users based on the data by the end of 2015.
Comment: Industrial cloud refers to provide industrial enterprises with software service through cloud computing model and make the social resources of industrial enterprises shared. Industrial cloud can lower the threshold for informatization and enable more small- and medium-sized enterprises to get involved in informatization at lower cost. International giants like GE and Siemens are all actively making arrangement in industrial cloud, hoping to seize the commanding height in the era of intelligent manufacturing. As to domestic listed companies, the cloud platform of Wangsu Science ＆ Technology Co., Ltd. (300017.SZ) provides developed solutions in areas like household appliances; Beijing Jiaxun Feihong Electrical Co., Ltd. (300213.SZ) is building the industrial Internet "neural network" in areas like unmanned aerial vehicle and robotics; Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ) has launched an energy Internet platform integrating the Internet of energy, the Internet of things and the Internet-based finance.
[SSN Selection]
○ China's State Council recently issued the Opinions about Promoting Sustainable Development of Startup Investment, proposing to strengthen policy support for startup investment.
○ The yield of the 3-month treasury deposit which called for bids on Sept. 20 moved down by 20 base points to 2.55 percent, recording a new low in over six years.
○ Officials from the National Energy Administration indicated that the 13th five-year plan for the upgrading and demonstration of coal deep processing will be rolled out in recent period. 14 demonstration projects will be unveiled.
○ The securities margin witnessed a net outflow of 11.9 billion yuan last week. The proportion of investors holding investment in stocks records new low within 2016.
○ The team led by Pan Jianwei, the chief scientist of the satellite project at the Chinese Academy of Sciences Shanghai Institute for Advanced Studies, recently made progress in the research of quantum teleportation, paving way for building extendible large-scale quantum network.
○ Wuhan Iron and Steel (Group) Corp. proposes to transfer 2.45 percent of its total share capital to Beijing Chentong Jinkong Investment Co., Ltd. and Guoxin Investment Co., Ltd. for free. The reorganization scheme is preliminarily designed as that Baosteel Group merges Wuhan Iron and Steel.
TOP
[Industry Information]
○ High-profile meeting to held for civil-military integration, projects connection to move faster
------
The 4th China (Mianyang) Science ＆ Technology City International Hi-tech Expo will be held on Sept. 21-24. The Equipment Development Department and the Science and Technology Committee under the Military Commission of the Central Committee are involved in supporting the Expo for the first time this year. Driven by a slew of events with the Expo included, lots of civil-military integration resources will gather together in Mianyang. 314 projects signed contracts during the 3rd Expo held last year, totaling 106 billion yuan and representing a growth of 20 percent compared with the achievement made during the 2nd Expo. The Expo will greatly advance the development of civil-military integration and the connection of projects.
Comment: The development of civil-military integration will improve the efficiency of management and production, and underpin national defense construction. At present, the State Administration of Science, Technology and Industry for National Defense is working hard on formulating the 13th Five-Year Plan for Deeper Development of Civil-Military Integration. Enterprises which are involved in civil-military integration and hold core technologies will embrace new round of development opportunities. Institutional research reports show that Sichuan Jiuzhou Electronic Co., Ltd. (000801.SZ) has sufficient orders for air traffic control equipment on hand. Military products will be delivered intensively in the second half; China Electronics Technology Group Corporation is the actual controller of Westone Information Industry Inc. (002268.SZ) which is principally engaged in information security products.
○ Technology giants make arrangement in diabetes management, treatment and surveillance advance side by side
------
Tencent on Sept. 20 launched its new-generation intelligent glucometer in Beijing, and announced its deep cooperation with Internet-based medical care enterprise Dingxiangyuan (or dxy.cn) and Peking University International Hospital. It is learnt that the first-generation product makes services like automatic record, WeChat communication, customized insurance and etc. available, while the new-generation product improves hardware. In addition, the new-generation product will provide more customized paid medical treatment services in the future.
Comment: The parent company of Google recently also announced that it will join hands with Sanofi, an anti-diabetes drug producer, to jointly research new ways for the treatment and surveillance of diabetes. Institutions believe that 673 billion US dollars are spent in the medical care for diabetes globally, accounting for 12 percent of global medical expenditure. Treatment and surveillance advance side by side. Tonghua Dongbao Pharmaceutical Co., Ltd. (600867.SH), engaged in the production of recombinant human insulin, announced in April that it will join hands with Tencent to build a diabetes management platform; Sinocare Inc. (300298.SZ) is a leading company in the surveillance of blood glucose.
TOP
[Announcement Interpretation]
○ Hongtu Technology to acquire automobile decorating parts producer for RMB1,645 mln
------
Guangdong Hongtu Technology (Holdings) Co., Ltd. (002101.SZ) proposes to acquire 100 percent equities of Ningbo SWELL Industry Co., Ltd with 1,645 million yuan, 658 million yuan in cash and other 1,825 million yuan through private placement of 54,072,400 shares at 18.25 yuan per share. It also plans to raise 987 million yuan as supporting funds through private placement at 19.37 yuan per share. SWELL Industry is mainly engaged in decorating parts inside and outside of the automobiles, and its net profit after deduction should be 122.5 million, 140 million and 162 million yuan respectively from 2016 to 2018 based on performance commitment.
○ Mason Technologies to acquire mobile internet advertisement company for RMB560 mln
------
Shenzhen Mason Technologies Co., Ltd. (002654.SZ) proposes to issue 24.95 million shares at 13.47 yuan per share and pay cash with 224 million yuan to acquire the 100 percent equities of Xindongkeji, Inc., totaling at 560 million yuan. Meanwhile, it also plans to raise 245 million yuan as supporting funds through private placement of 18.31 million shares at 13.38 yuan per share. Xindongkeji is an advertisement company based on mobile internet, and it will gain net profit no less than 40 million, 52 million, 67.60 million and 77.74 million yuan from 2016 to 2019 based on performance commitment.
TOP
○ Zhongnan Heavy Industries to wholly own JG Games for RMB668 mln to enlarge investment in game industry
------
Jiangyin Zhongnan Heavy Industries Co., Ltd. (002445.SZ) proposes to acquire the 90 percent equities of Shanghai JG Game Technology Co., Ltd. for 668 million yuan to wholly own the latter one, with 267.3 million yuan in cash and the rest through private placement of around 21.58 million shares at 18.58 yuan per share. Meanwhile, it also plans to raise about 401 million yuan as supporting funds through private placement with 22.80 yuan as bottom price.
JG Game is mainly engaged in web game R＆D, and its net profit in 2014, 2015 and the first half year of 2016 are -4,223,200 yuan, 40,183,800 yuan and 19,147,400 yuan respectively. It should gain net profit of 55 million, 68.75 million and 85.9375 million yuan respectively in 2016 to 2018, according to its performance commitment.
○ Actual controller of Batian Ecotypic Engineering to increase shareholdings in company
------
Huang Peizhao, actual controller of Shenzhen Batian Ecotypic Engineering Co., Ltd. (002170.SZ), plans to increase the shareholdings of 50 million to 200 million yuan in next 12 months, no more than 2 percent of the total equities. This move is based on confidence in the company's future development prospect and rational judgment on its current stock value, Huang also indicated.
○ COFCO Tunhe Co., Ltd. (600737.SH) proposes to issue 160 million shares through private placement with 10.83 yuan per share as bottom price, and the raised about 1,730 million yuan will be used for technical upgrading ＆ reconstruction of cane sugar, supporting base construction, technical upgrading ＆ reconstruction project of beet sugar, as well as operational capital supplement. The controlling shareholder will subscribe the shares with 1,083 million yuan.
○ General manager, supervisor and deputy general manager of Huayi Compressor Co., Ltd. (000404.SZ) have constantly increased the shareholdings in the company, and on Sep. 20 continued to increase 178,200 shares.
○ Keda Clean Energy Co., Ltd. (600499.SH) plans to issue 164 million shares at 7.32 yuan per share to Macrolink Holdings and Wufu Cornerstone Investment through private placement, and the raised funds of around 1.2 billion yuan will be used for negative electrode materials project of lithium battery and architectural pottery intelligent manufacturing ＆ technical reconstruction project.
○ Shenzhen Chuangtong Jiali Investment Co., Ltd., shareholder of Shenzhen Terca Technology Co., Ltd. (002213.SZ), on Sep. 20 accumulatively increased 4,720,500 shareholdings in the company through block trade (average price of 27 yuan) and auction trade (average price of 24.85 yuan), accounting for 14.5636 percent equities of the listed company, higher than 12.86 percent held by the shareholder Ling Zhaowei and the person acting in concert Xiamen Huate, making Chuangtong Jiali Investment become the first largest shareholder. And the listed company still has no controlling shareholder.
[Trading Alarms]
○ Chuanhuan Technology and Chengdi Construction to issue new shares on Sep. 21
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Sichuan Chuanhuan Technology Co., Ltd. (300547.SZ) plans to issue new shares at 22.07 yuan per share, with a P/E ratio of 23 times and upper subscription limit of 14,500 shares; it is mainly engaged in automobile software. Shanghai Chengdi Construction Corporation Ltd. (603887.SH) will issue new shares at 12.13 yuan per share, with a P/E ratio of 23 times and upper subscription limit of 9,000 shares; it is mainly engaged in base engineering.
TOP
○ MIIT proposes goals for integration of informatization and industrialization, industrial cloud enterprise users to double in three years
○ High-profile meeting to held for civil-military integration, Tencent launched its new-generation intelligent glucometer
○ Hongtu Technology to acquire automobile decorating parts producer, Mason Technologies to invest in mobile internet advertisement
○ Zhongnan Heavy Industries to wholly own JG Games, Actual controller of Batian Ecotypic Engineering to increase shareholdings in company
[SSN Focus]
○ MIIT proposes goals for integration of informatization and industrialization, industrial cloud enterprise users to double in three years
------
SSN learns from the Ministry of Industry and Information Technology (MIIT) that the MIIT has proposed development goals for the integrated development of information communication industry and industries. It is proposed to, by the end of 2018, make significant progress in the integrated development of the manufacturing industry and the Internet and to double industrial cloud enterprise users based on the data by the end of 2015.
Comment: Industrial cloud refers to provide industrial enterprises with software service through cloud computing model and make the social resources of industrial enterprises shared. Industrial cloud can lower the threshold for informatization and enable more small- and medium-sized enterprises to get involved in informatization at lower cost. International giants like GE and Siemens are all actively making arrangement in industrial cloud, hoping to seize the commanding height in the era of intelligent manufacturing. As to domestic listed companies, the cloud platform of Wangsu Science ＆ Technology Co., Ltd. (300017.SZ) provides developed solutions in areas like household appliances; Beijing Jiaxun Feihong Electrical Co., Ltd. (300213.SZ) is building the industrial Internet "neural network" in areas like unmanned aerial vehicle and robotics; Hangzhou Zhongheng Electric Co., Ltd. (002364.SZ) has launched an energy Internet platform integrating the Internet of energy, the Internet of things and the Internet-based finance.
[SSN Selection]
○ China's State Council recently issued the Opinions about Promoting Sustainable Development of Startup Investment, proposing to strengthen policy support for startup investment.
○ The yield of the 3-month treasury deposit which called for bids on Sept. 20 moved down by 20 base points to 2.55 percent, recording a new low in over six years.
○ Officials from the National Energy Administration indicated that the 13th five-year plan for the upgrading and demonstration of coal deep processing will be rolled out in recent period. 14 demonstration projects will be unveiled.
○ The securities margin witnessed a net outflow of 11.9 billion yuan last week. The proportion of investors holding investment in stocks records new low within 2016.
○ The team led by Pan Jianwei, the chief scientist of the satellite project at the Chinese Academy of Sciences Shanghai Institute for Advanced Studies, recently made progress in the research of quantum teleportation, paving way for building extendible large-scale quantum network.
○ Wuhan Iron and Steel (Group) Corp. proposes to transfer 2.45 percent of its total share capital to Beijing Chentong Jinkong Investment Co., Ltd. and Guoxin Investment Co., Ltd. for free. The reorganization scheme is preliminarily designed as that Baosteel Group merges Wuhan Iron and Steel.
TOP
[Industry Information]
○ High-profile meeting to held for civil-military integration, projects connection to move faster
------
The 4th China (Mianyang) Science ＆ Technology City International Hi-tech Expo will be held on Sept. 21-24. The Equipment Development Department and the Science and Technology Committee under the Military Commission of the Central Committee are involved in supporting the Expo for the first time this year. Driven by a slew of events with the Expo included, lots of civil-military integration resources will gather together in Mianyang. 314 projects signed contracts during the 3rd Expo held last year, totaling 106 billion yuan and representing a growth of 20 percent compared with the achievement made during the 2nd Expo. The Expo will greatly advance the development of civil-military integration and the connection of projects.
Comment: The development of civil-military integration will improve the efficiency of management and production, and underpin national defense construction. At present, the State Administration of Science, Technology and Industry for National Defense is working hard on formulating the 13th Five-Year Plan for Deeper Development of Civil-Military Integration. Enterprises which are involved in civil-military integration and hold core technologies will embrace new round of development opportunities. Institutional research reports show that Sichuan Jiuzhou Electronic Co., Ltd. (000801.SZ) has sufficient orders for air traffic control equipment on hand. Military products will be delivered intensively in the second half; China Electronics Technology Group Corporation is the actual controller of Westone Information Industry Inc. (002268.SZ) which is principally engaged in information security products.
○ Technology giants make arrangement in diabetes management, treatment and surveillance advance side by side
------
Tencent on Sept. 20 launched its new-generation intelligent glucometer in Beijing, and announced its deep cooperation with Internet-based medical care enterprise Dingxiangyuan (or dxy.cn) and Peking University International Hospital. It is learnt that the first-generation product makes services like automatic record, WeChat communication, customized insurance and etc. available, while the new-generation product improves hardware. In addition, the new-generation product will provide more customized paid medical treatment services in the future.
Comment: The parent company of Google recently also announced that it will join hands with Sanofi, an anti-diabetes drug producer, to jointly research new ways for the treatment and surveillance of diabetes. Institutions believe that 673 billion US dollars are spent in the medical care for diabetes globally, accounting for 12 percent of global medical expenditure. Treatment and surveillance advance side by side. Tonghua Dongbao Pharmaceutical Co., Ltd. (600867.SH), engaged in the production of recombinant human insulin, announced in April that it will join hands with Tencent to build a diabetes management platform; Sinocare Inc. (300298.SZ) is a leading company in the surveillance of blood glucose.
TOP
[Announcement Interpretation]
○ Hongtu Technology to acquire automobile decorating parts producer for RMB1,645 mln
------
Guangdong Hongtu Technology (Holdings) Co., Ltd. (002101.SZ) proposes to acquire 100 percent equities of Ningbo SWELL Industry Co., Ltd with 1,645 million yuan, 658 million yuan in cash and other 1,825 million yuan through private placement of 54,072,400 shares at 18.25 yuan per share. It also plans to raise 987 million yuan as supporting funds through private placement at 19.37 yuan per share. SWELL Industry is mainly engaged in decorating parts inside and outside of the automobiles, and its net profit after deduction should be 122.5 million, 140 million and 162 million yuan respectively from 2016 to 2018 based on performance commitment.
○ Mason Technologies to acquire mobile internet advertisement company for RMB560 mln
------
Shenzhen Mason Technologies Co., Ltd. (002654.SZ) proposes to issue 24.95 million shares at 13.47 yuan per share and pay cash with 224 million yuan to acquire the 100 percent equities of Xindongkeji, Inc., totaling at 560 million yuan. Meanwhile, it also plans to raise 245 million yuan as supporting funds through private placement of 18.31 million shares at 13.38 yuan per share. Xindongkeji is an advertisement company based on mobile internet, and it will gain net profit no less than 40 million, 52 million, 67.60 million and 77.74 million yuan from 2016 to 2019 based on performance commitment.
TOP
○ Zhongnan Heavy Industries to wholly own JG Games for RMB668 mln to enlarge investment in game industry
------
Jiangyin Zhongnan Heavy Industries Co., Ltd. (002445.SZ) proposes to acquire the 90 percent equities of Shanghai JG Game Technology Co., Ltd. for 668 million yuan to wholly own the latter one, with 267.3 million yuan in cash and the rest through private placement of around 21.58 million shares at 18.58 yuan per share. Meanwhile, it also plans to raise about 401 million yuan as supporting funds through private placement with 22.80 yuan as bottom price.
JG Game is mainly engaged in web game R＆D, and its net profit in 2014, 2015 and the first half year of 2016 are -4,223,200 yuan, 40,183,800 yuan and 19,147,400 yuan respectively. It should gain net profit of 55 million, 68.75 million and 85.9375 million yuan respectively in 2016 to 2018, according to its performance commitment.
○ Actual controller of Batian Ecotypic Engineering to increase shareholdings in company
------
Huang Peizhao, actual controller of Shenzhen Batian Ecotypic Engineering Co., Ltd. (002170.SZ), plans to increase the shareholdings of 50 million to 200 million yuan in next 12 months, no more than 2 percent of the total equities. This move is based on confidence in the company's future development prospect and rational judgment on its current stock value, Huang also indicated.
○ COFCO Tunhe Co., Ltd. (600737.SH) proposes to issue 160 million shares through private placement with 10.83 yuan per share as bottom price, and the raised about 1,730 million yuan will be used for technical upgrading ＆ reconstruction of cane sugar, supporting base construction, technical upgrading ＆ reconstruction project of beet sugar, as well as operational capital supplement. The controlling shareholder will subscribe the shares with 1,083 million yuan.
○ General manager, supervisor and deputy general manager of Huayi Compressor Co., Ltd. (000404.SZ) have constantly increased the shareholdings in the company, and on Sep. 20 continued to increase 178,200 shares.
○ Keda Clean Energy Co., Ltd. (600499.SH) plans to issue 164 million shares at 7.32 yuan per share to Macrolink Holdings and Wufu Cornerstone Investment through private placement, and the raised funds of around 1.2 billion yuan will be used for negative electrode materials project of lithium battery and architectural pottery intelligent manufacturing ＆ technical reconstruction project.
○ Shenzhen Chuangtong Jiali Investment Co., Ltd., shareholder of Shenzhen Terca Technology Co., Ltd. (002213.SZ), on Sep. 20 accumulatively increased 4,720,500 shareholdings in the company through block trade (average price of 27 yuan) and auction trade (average price of 24.85 yuan), accounting for 14.5636 percent equities of the listed company, higher than 12.86 percent held by the shareholder Ling Zhaowei and the person acting in concert Xiamen Huate, making Chuangtong Jiali Investment become the first largest shareholder. And the listed company still has no controlling shareholder.
[Trading Alarms]
○ Chuanhuan Technology and Chengdi Construction to issue new shares on Sep. 21
------
Sichuan Chuanhuan Technology Co., Ltd. (300547.SZ) plans to issue new shares at 22.07 yuan per share, with a P/E ratio of 23 times and upper subscription limit of 14,500 shares; it is mainly engaged in automobile software. Shanghai Chengdi Construction Corporation Ltd. (603887.SH) will issue new shares at 12.13 yuan per share, with a P/E ratio of 23 times and upper subscription limit of 9,000 shares; it is mainly engaged in base engineering.
TOP
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