[Today's Guide]
○ International electric logistics vehicles exhibition to unveil, new policy expected to boost industry growth
○ CAA relaxes admittance for civil airport, intensive construction expected in 13th Five-year period
○ MIIT supports green development of data center, promoting increase of industry investment
○ Controlling shareholder increases shareholding in P2P Financial Information Service, Sokon Industry appoints Tesla's founder as consultant
[SSN Focus]
○ International electric logistics vehicles exhibition to unveil, new policy expected to boost industry growth
------
The 2016 China (Hangzhou) International New Energy Vehicle Industry Expo and the first Hangzhou International Pure Electric Logistics Vehicle Exhibition will be held from Sept. 28 to Sept. 30. The exhibition will at the same time hold summit forum on boosting the marketization of new energy vehicle and specialized symposiums on new energy passenger car and logistics vehicle, to discuss the experience on demonstration and promotion of new energy car and development demand for urban green transportation, further accelerating the development of China's pure electric logistics vehicle.
Comment: electric logistics vehicle can save at least 30 percent costs than traditional gasoline motor car, so that it can significantly reduce logistics transportation fee. Institutions estimated that as new policies on subsidies will be implemented and whole car promotion catalogue will be introduced, the sales volume of electric logistics car is expected to double than last year to reach about 100,000. By 2020, the market size of China's electric logistic vehicle is expected to reach 400,000, representing compound annual growth rate of more than 50 percent. Jietai Auto, a company under Shanghai Cooltech Power Co., ltd. (300153.SZ) is engaged in electric car leasing business, and has established cooperation with various logistics companies such as Shanghai YTO Express (Logistics) Co., Ltd. and Shanghai Yunda Express Co., Ltd. Shanghai Chuangli Group Co., Ltd. (603012.SH) in April announced that it will work with AVIC International Renewable Energy Co., Ltd. to tap into electric logistics car area.
[SSN Selection]
○ The Political Bureau of the CPC Central Committee meeting held on Sept. 27 decided to convene the Sixth Plenary Session of the 18th Central Committee of the CPC from Oct. 24 to 27 in Beijing.
○ China's railway freight volumes in August grew by 0.1 percent year on year. It is the first time that the figure turned from negative to positive over the past two years.
○ The main bridge of the Hong Kong - Zhuhai - Macau Bridge was completed on Sept. 27. Experts expressed optimistic view that Zhuhai will become an important extensional destination for the transfer of service industry in Hong Kong and Macau.
○ The National Development and Reform Commission (NDRC) has held four meetings in one month to discuss coal supply. The production capacity is likely to be expanded to guarantee sufficient supply in winter.
○ Last week, the securities margin saw a net outflow of 42.5 billion yuan. It marks net outflow for the fifth week.
TOP
[Industry Information]
○ CAA relaxes admittance for civil airport, intensive construction expected in 13th Five-year period
------
Xinhua news agency reported that the Civil Aviation Administration (CAA) proposes to fully relax the admittance of the construction and operation of civil airport, to innovate the construction and operation model of civil airport and strengthen policy support for the cooperation between government and social capital. Relevant responsible person of the CAA indicated that civil airport is important infrastructure for air transportation and urban development, as well as key component of integrated transportation system.
Comment: according to the Guiding Opinions on Promoting the Development of General Aviation Industry, more than 500 general airports will be built by 2020. Institutions believe that the intensive construction of general airports is expected in the 13th Five-year period, which will create investment of 40 billion yuan, becoming a new growth point that drives local economy. China Zhonghua Geotechnical Engineering Co., Ltd. (002542.SZ) has deployed "design consultation plus construction investment plus operation and maintenance" full life circle in the general aviation industry through acquisition. Jouzhou Kongguan, subsidiary of Sichuan Jiuzhou Electronic Co., ltd. (000801.SZ) is actively expanding civil aviation market.
TOP
○ MIIT supports green development of data center, promoting increase of industry investment
------
Official from the Ministry of Industry and Information Technology (MIIT) on Sept. 27 indicated at the "2016 ODCC Open Data Center Summit" that the MIIT has always given priority to the green, healthy and sustainable development of data center. It encourages companies in the industry to continue innovate and make breakthroughs in key technology areas such as server, refrigeration and power supply, to drive the upgrading of technology in China's data center industry.
Comment: Data center is the cornerstone for the development of cloud computing and has maintained an annual average growth of over 30 percent in recent years. The market has reached about 50 billion yuan in 2015 and China has introduced various supporting policies. Energy consumption accounts for the largest proportion in the operation cost of date centers. The high requirements of the MIIT may facilitate investment in data centers. Among A-share companies, the UPS and other products of Xiamen Kehua Hengsheng Co., Ltd. (002335.SZ) have been applied in data centers and the operation of its PV power stations can provide energy guarantees to data centers. Shenzhen Kstar Science ＆ Technology Co., Ltd. (002518.SZ) announced in July that it proposed to implement an industrialization program for integrated products with power safety in data centers.
TOP
[Announcement Interpretation]
○ Controlling shareholder increases shareholding in P2P Financial Information Service by 5 pct
------
P2P Financial Information Service Co., Ltd. (600696.SH) announced that as at Sept. 27, Wuniu Fund, its controlling shareholder, and its parties acting in concert have increased the shareholding in the company with 17,047,200 shares, accounting for 5 percent of the total share capital of the company. They totally hold 25.01 percent of the shares of the company and may continue to increase the shareholding in the company.
○ Sokon Industry appoints Tesla's founder as consultant
------
SF MOTORS, a secondary subsidiary of Chongqing Sokon Industry Group Co., Ltd. (601127.SH) in the U.S., signed a written agreement with Martin Eberhard, the founder of Tesla Motors on Sept. 22, appointing her to be the consultant of the company on new energy vehicles. The latter will provide consultancy services in the product project and brand image of the company in new energy vehicles to help the company's new energy vehicles gain competitiveness in the global market. It is reported that Sokon Industry plans to invest 2.5 billion yuan in the new energy passenger vehicles business.
○ Hangzhou Teamax, a fully-owned subsidiary of Teamax Smart City Technology Corporation Limited (000662.SZ), signed a contract on the design and construction of the intelligent business circle in Yongchuan District, Chongqing with a contracted amount of 1,148 billion yuan, accounting for 257 percent of its total business revenue in 2015. A fully-owned subsidiary of Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) and the equipment department of the PLA Army general command with a total amount of 217 million yuan, accounting for 26.48 percent of its business revenue of the latest accounting year.
○ The reorganizations of Hunan Jiangnan Red Arrow Co., Ltd. (000519.SZ), Jiangsu Yoke Technology Co., Ltd. (002409.SZ) and Norinco International Cooperation Ltd. (000065.SZ) have been unconditionally approved by the China Securities Regulatory Commission (CSRC). The reorganization of Inner Mongolia Xingye Mining Co., Ltd. (000426.SZ) has been approved conditionally.
○ Yinbang Clad Material and Der Future see shareholding increases
------
Shan Yu, a shareholder of Yinbang Clad Material Co., Ltd. (300337.SZ), increased the shareholding in the company with 4,786,600 shares on Sept. 27. Der Future Science ＆ Technology Holding Group Co., Ltd. (002631.SZ) announced that the former shareholder of Suzhou Baidesheng Intelligent Household Co., Ltd. performed the contract and bought about 1.55 shares of the company on Sept. 26.
[Financial Reports Express]
○ Suzhou Electrical Apparatus expects an increase of over 6 times
------
Suzhou Electrical Apparatus Science Academy Co., Ltd. (300215.SZ) expects an increase of 605 to 635 percent in the first three quarters thanks to the surging of the business revenue.
Hubei Dinglong Co., Ltd. (300054.SZ) expects an increase of 45 to 65 percent in the first three quarters thanks to the consolidation of the financial statements of three new subsidiaries. Oriental Energy Co., Ltd. (002221.SZ) revises the expected growth from 100-150 percent to 150-200 percent in the first three quarters.
[Trading Alarms]
○ Guao Electronic Technology and Huiding Technology to conduct IPOs on Sept. 28
------
Shanghai Guao Electronic Technology Co., Ltd. (300551.SZ) issues shares at 12.48 yuan with a P/E ratio of 23 times and an upper subscription limit of 18,000 shares for each account. The company is principally engaged in financial equipment and products. Shenzhen Huiding Technology Co., Ltd. (603160.SH) issues shares at 19.42 yuan with a P/E ratio of 23 times and an upper subscription limit of 13,000 shares for each account. The company provided fingerprint identification and touch solutions.
TOP
○ International electric logistics vehicles exhibition to unveil, new policy expected to boost industry growth
○ CAA relaxes admittance for civil airport, intensive construction expected in 13th Five-year period
○ MIIT supports green development of data center, promoting increase of industry investment
○ Controlling shareholder increases shareholding in P2P Financial Information Service, Sokon Industry appoints Tesla's founder as consultant
[SSN Focus]
○ International electric logistics vehicles exhibition to unveil, new policy expected to boost industry growth
------
The 2016 China (Hangzhou) International New Energy Vehicle Industry Expo and the first Hangzhou International Pure Electric Logistics Vehicle Exhibition will be held from Sept. 28 to Sept. 30. The exhibition will at the same time hold summit forum on boosting the marketization of new energy vehicle and specialized symposiums on new energy passenger car and logistics vehicle, to discuss the experience on demonstration and promotion of new energy car and development demand for urban green transportation, further accelerating the development of China's pure electric logistics vehicle.
Comment: electric logistics vehicle can save at least 30 percent costs than traditional gasoline motor car, so that it can significantly reduce logistics transportation fee. Institutions estimated that as new policies on subsidies will be implemented and whole car promotion catalogue will be introduced, the sales volume of electric logistics car is expected to double than last year to reach about 100,000. By 2020, the market size of China's electric logistic vehicle is expected to reach 400,000, representing compound annual growth rate of more than 50 percent. Jietai Auto, a company under Shanghai Cooltech Power Co., ltd. (300153.SZ) is engaged in electric car leasing business, and has established cooperation with various logistics companies such as Shanghai YTO Express (Logistics) Co., Ltd. and Shanghai Yunda Express Co., Ltd. Shanghai Chuangli Group Co., Ltd. (603012.SH) in April announced that it will work with AVIC International Renewable Energy Co., Ltd. to tap into electric logistics car area.
[SSN Selection]
○ The Political Bureau of the CPC Central Committee meeting held on Sept. 27 decided to convene the Sixth Plenary Session of the 18th Central Committee of the CPC from Oct. 24 to 27 in Beijing.
○ China's railway freight volumes in August grew by 0.1 percent year on year. It is the first time that the figure turned from negative to positive over the past two years.
○ The main bridge of the Hong Kong - Zhuhai - Macau Bridge was completed on Sept. 27. Experts expressed optimistic view that Zhuhai will become an important extensional destination for the transfer of service industry in Hong Kong and Macau.
○ The National Development and Reform Commission (NDRC) has held four meetings in one month to discuss coal supply. The production capacity is likely to be expanded to guarantee sufficient supply in winter.
○ Last week, the securities margin saw a net outflow of 42.5 billion yuan. It marks net outflow for the fifth week.
TOP
[Industry Information]
○ CAA relaxes admittance for civil airport, intensive construction expected in 13th Five-year period
------
Xinhua news agency reported that the Civil Aviation Administration (CAA) proposes to fully relax the admittance of the construction and operation of civil airport, to innovate the construction and operation model of civil airport and strengthen policy support for the cooperation between government and social capital. Relevant responsible person of the CAA indicated that civil airport is important infrastructure for air transportation and urban development, as well as key component of integrated transportation system.
Comment: according to the Guiding Opinions on Promoting the Development of General Aviation Industry, more than 500 general airports will be built by 2020. Institutions believe that the intensive construction of general airports is expected in the 13th Five-year period, which will create investment of 40 billion yuan, becoming a new growth point that drives local economy. China Zhonghua Geotechnical Engineering Co., Ltd. (002542.SZ) has deployed "design consultation plus construction investment plus operation and maintenance" full life circle in the general aviation industry through acquisition. Jouzhou Kongguan, subsidiary of Sichuan Jiuzhou Electronic Co., ltd. (000801.SZ) is actively expanding civil aviation market.
TOP
○ MIIT supports green development of data center, promoting increase of industry investment
------
Official from the Ministry of Industry and Information Technology (MIIT) on Sept. 27 indicated at the "2016 ODCC Open Data Center Summit" that the MIIT has always given priority to the green, healthy and sustainable development of data center. It encourages companies in the industry to continue innovate and make breakthroughs in key technology areas such as server, refrigeration and power supply, to drive the upgrading of technology in China's data center industry.
Comment: Data center is the cornerstone for the development of cloud computing and has maintained an annual average growth of over 30 percent in recent years. The market has reached about 50 billion yuan in 2015 and China has introduced various supporting policies. Energy consumption accounts for the largest proportion in the operation cost of date centers. The high requirements of the MIIT may facilitate investment in data centers. Among A-share companies, the UPS and other products of Xiamen Kehua Hengsheng Co., Ltd. (002335.SZ) have been applied in data centers and the operation of its PV power stations can provide energy guarantees to data centers. Shenzhen Kstar Science ＆ Technology Co., Ltd. (002518.SZ) announced in July that it proposed to implement an industrialization program for integrated products with power safety in data centers.
TOP
[Announcement Interpretation]
○ Controlling shareholder increases shareholding in P2P Financial Information Service by 5 pct
------
P2P Financial Information Service Co., Ltd. (600696.SH) announced that as at Sept. 27, Wuniu Fund, its controlling shareholder, and its parties acting in concert have increased the shareholding in the company with 17,047,200 shares, accounting for 5 percent of the total share capital of the company. They totally hold 25.01 percent of the shares of the company and may continue to increase the shareholding in the company.
○ Sokon Industry appoints Tesla's founder as consultant
------
SF MOTORS, a secondary subsidiary of Chongqing Sokon Industry Group Co., Ltd. (601127.SH) in the U.S., signed a written agreement with Martin Eberhard, the founder of Tesla Motors on Sept. 22, appointing her to be the consultant of the company on new energy vehicles. The latter will provide consultancy services in the product project and brand image of the company in new energy vehicles to help the company's new energy vehicles gain competitiveness in the global market. It is reported that Sokon Industry plans to invest 2.5 billion yuan in the new energy passenger vehicles business.
○ Hangzhou Teamax, a fully-owned subsidiary of Teamax Smart City Technology Corporation Limited (000662.SZ), signed a contract on the design and construction of the intelligent business circle in Yongchuan District, Chongqing with a contracted amount of 1,148 billion yuan, accounting for 257 percent of its total business revenue in 2015. A fully-owned subsidiary of Xuzhou Handler Special Vehicle Co., Ltd. (300201.SZ) and the equipment department of the PLA Army general command with a total amount of 217 million yuan, accounting for 26.48 percent of its business revenue of the latest accounting year.
○ The reorganizations of Hunan Jiangnan Red Arrow Co., Ltd. (000519.SZ), Jiangsu Yoke Technology Co., Ltd. (002409.SZ) and Norinco International Cooperation Ltd. (000065.SZ) have been unconditionally approved by the China Securities Regulatory Commission (CSRC). The reorganization of Inner Mongolia Xingye Mining Co., Ltd. (000426.SZ) has been approved conditionally.
○ Yinbang Clad Material and Der Future see shareholding increases
------
Shan Yu, a shareholder of Yinbang Clad Material Co., Ltd. (300337.SZ), increased the shareholding in the company with 4,786,600 shares on Sept. 27. Der Future Science ＆ Technology Holding Group Co., Ltd. (002631.SZ) announced that the former shareholder of Suzhou Baidesheng Intelligent Household Co., Ltd. performed the contract and bought about 1.55 shares of the company on Sept. 26.
[Financial Reports Express]
○ Suzhou Electrical Apparatus expects an increase of over 6 times
------
Suzhou Electrical Apparatus Science Academy Co., Ltd. (300215.SZ) expects an increase of 605 to 635 percent in the first three quarters thanks to the surging of the business revenue.
Hubei Dinglong Co., Ltd. (300054.SZ) expects an increase of 45 to 65 percent in the first three quarters thanks to the consolidation of the financial statements of three new subsidiaries. Oriental Energy Co., Ltd. (002221.SZ) revises the expected growth from 100-150 percent to 150-200 percent in the first three quarters.
[Trading Alarms]
○ Guao Electronic Technology and Huiding Technology to conduct IPOs on Sept. 28
------
Shanghai Guao Electronic Technology Co., Ltd. (300551.SZ) issues shares at 12.48 yuan with a P/E ratio of 23 times and an upper subscription limit of 18,000 shares for each account. The company is principally engaged in financial equipment and products. Shenzhen Huiding Technology Co., Ltd. (603160.SH) issues shares at 19.42 yuan with a P/E ratio of 23 times and an upper subscription limit of 13,000 shares for each account. The company provided fingerprint identification and touch solutions.
TOP
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