[Today's Guide]
○ GCHP issues Shanghai Declaration , health industry has promising outlook
○ 13th Five-year Plan on technical development for environmental protection released, equipment demand to improve
○ Chinafortune to buy equities of China Fortune Securities, Wintime Energy cooperates with CGN
○ Aodong Pharmaceutical bought by Sunshine Property ＆ Casualty Insurance in secondary market to 5 percent limit, Vrv Software Corporation proposes high share conversion and dividend
[SSN Focus]
○ GCHP issues Shanghai Declaration , health industry has promising outlook
------
The 9th Global Conference on Health Promotion (9GCHP) kicks off in Shanghai today (Nov. 21). It publishes 2030 Shanghai Declaration on Health Promotion in Sustainable Development. It calls for promoting health in all sustainable development goals and making plans for global health governance. The declaration also calls for fiscal policy as a powerful tool to improve investment in health and well-being; to fully exploit the growing importance and value of traditional medicine in promoting health and sustainable development; to empower the potential of digital technology to strengthen citizen's control of their own health and health determinants.
Comment: With the "Healthy China" initiative rising to a national strategy, a series of new policies and measures in health have been introduced this year. According to the guideline of Health China 2030 Plan issued by the central government, the total size of the health industry will exceed 8 trillion yuan in 2020 and exceed 16 trillion yuan in2030. Health sub-sectors including medical devices, medical services, traditional Chinese medicine, rehabilitation and elderly caring and medical information have attracted great attention from institutions.
[SSN Selection]
○ Data from China Securities Depository and Clearing Co., Ltd. shows that the number of investors holding more than 10 million yuan worth stocks increased 3,452 in October. Institutions point out that big investors increased holdings remarkably after regulations issued on the housing market.
○ The Ministry of Agriculture recently held activities on exchanging experience in the pilot program of transferring land operation right into shares. It requires completing the pilot missions by next June.
○ According to the announcement released by China Securities Regulatory Commission, there will be respectively 5 and 6 companies going for IPOs on Nov. 23 and Nov. 25.
○ The National Equities Exchange and Quotations (NEEQ) announces that all of its code beginning with "83" for companies listed on the NEEQ have been allocated, and it will use codes beginning with "87".
○ Beijing Soft Rock Investment Group Corporation (000609.SZ) terminated plans to be used as shell resources by Dalian Wanda Commercial Properties Co., Ltd. This is the first time that a A-share listed company disclose its transaction with Wanda Commercial Properties after the latter delisted from the Hong Kong market.
TOP
[Industry Information]
○ 13th Five-year Plan on technical development for environmental protection released, equipment demand to improve
------
The Ministry of Environmental Protection (MEP) and the Ministry of Science and Technology (MOST) jointly released the guidance of the 13th Five-year Plan on technical development for environmental protection recently. It requires implement special programs on the research and development in preventing air pollution, soil pollution and ecological management, make breakthroughs in key technologies and equipment and advance key technological projects in the overall environment in Beijing, Tianjin and Hebei.
Comment: The environmental protection industry has a huge potential market. The government is stepping up supports for the industry. Driven by the PPP model and other policies, the investment in the environmental protection industry will speed up and the demand for equipment will improve. In terms of listed companies, Guangxi Bossco Environmental Protection Technology Co., Ltd. (300422.SZ) is principally engaged in equipment for the treatment of water pollution. Beijing SDL Technology Co., Ltd. (002658.SZ) is principally engaged in environmental monitoring systems and is actively developing volatile organic compounds (VOCs).
TOP
[Announcement Interpretation]
○ Chinafortune to buy 92 pct equities of China Fortune Securities with RMB4.9 bln
------
Shanghai Chinafortune Co., Ltd. (600621.SH) proposes to buy 92 percent equities of China Fortune Securities at the valuation of 4,926.5 million yuan, which will be satisfied by assets replacement and assets purchase through share issuance. At the same time, the company proposes to issue shares to INESA (Group), Shanghai Guosheng (Group) Co., Ltd. and China Pacific Insurance (group) Co., Ltd. (02601.HK; 601601.SH) at 10.6 yuan per share, to raise 1,272 million yuan supporting fund. Upon completion of the transaction, Chinafortune will no longer be engaged in real estate development business, and China Fortune Securities will become its wholly owned subsidiary. The company will resume trading on Nov. 22.
○ Wintime Energy cooperates with CGN to expand into nuclear sector
------
Wintime Energy Co., Ltd. (600157.SH) has reached an agreement with China Guangdong Nuclear Power Group (CGN) in respect of the construction of new nuclear projects and cooperation in non-nuclear clear energy sector. Wintime Energy will participate in CGN's domestic new nuclear project as a party acting in concert, as well as the cooperative partner of the Chinese investment consortium in Hinckley Angle of nuclear power project in Britain. It signals Wintime Energy's important breakthrough in nuclear sector.
TOP
○ Aodong Pharmaceutical bought by Sunshine Property ＆ Casualty Insurance in secondary market to 5 percent limit
------
Sunshine Property ＆ Casualty Insurance Co., Ltd. on Nov. 21 increased holding 894,550 shares in Jilin Aodong Pharmaceutical Group Co., Ltd. (000623.SZ). Up till now, Sunshine Property ＆ Casualty Insurance in total holds 44,722,000 shares of the company, reaching the 5 percent limit. The average trading price of the company in October and November were 26.42 yuan and 26.98 yuan per share. In the next 12 months, Sunshine Property ＆ Casualty will decide whether to continue to increase shareholding in the company according to market condition.
○ Subsidiary of Taiji Industry signed big contract worth RMB6.7 bln
------
Shiyi Technology, subsidiary of Wuxi Taiji Industry Company Ltd. (600667.SH), has signed the master contract for the EPC project of 12 inches memory wafer manufacturing base project of Hefei Changxin. The contract sum is 6,686 million yuan. The project is scheduled to complete on April 12, 2008, which is expected to have positive impact on the company's operating performance from 2016 to 2018. The operating revenue of the listed company in 2015 was 4.4 billion yuan.
○ CNLIGHT Co., Ltd. (002076.SZ) has terminated planning major assets reorganization and will be resume trading on Nov. 22.
[Financial Reports Express]
○ Vrv Software Corporation proposes high share conversion and dividend
------
Actual controller of Beijing Vrv Software Corporation Limited（300352.SZ）proposes a 20-for-10 conversion of capital surplus into shares combined with 0.25 yaun dividend for every 10 shares. Controlling shareholder of Shandong Huapeng Glass Co., Ltd. (603021.SH) proposes a 16-for-10 conversion of capital surplus into shares combined with 2 yuan dividend for every 10 shares. Shenzhen Urovo Technology Co., Ltd (300531.SZ) proposes a 25-for-10 conversion of capital surplus into shares.
[Trading Trends]
○ Northeast Pharmaceutical bought by three institutional seats
------
The trading volume ranking list on Nov. 21 shows that Northeast Pharmaceutical Group Co., Ltd. (000597.SZ) was bought by three institutional seats with a total of 95.12 million yuan, accounting for 17.13 percent of intraday turnover. Another institutional seat sold 7,525,600 yuan.
Comment: the company is primarily engaged in chemical raw medicine, and it is a leading player in China's vitamin C industry. After suffered continuous loss earlier, coupled with stricter environment protection regulation, this industry has gradually cleared out overcapacity. Shijiazhuang City recently issued mandatory haze treatment order, requiring pharmaceutical enterprises in the whole city, including part of vitamin manufacturers, to suspend production. Institutions are optimistic that Northeast Pharmaceutical will benefit from the recovery of the industry.
[Trading Alarm]
○ Tianma Group and Tibet AIM Pharm IPO for subscription on Nov. 22
------
Tianma Group (732668.SZ) will offer for subscription at 6.21 yuan per share with the upper limit of 21,000 shares for each applicant. The company is primarily engaged in aquatic feed. Tibet AIM Pharm Inc. (002826.SZ) will offer for subscription at 6.06 yuan per share with the upper limit of 18,500 shares for each applicant. The company is primarily engaged in traditional Chinese medicine injection.
TOP
○ GCHP issues Shanghai Declaration , health industry has promising outlook
○ 13th Five-year Plan on technical development for environmental protection released, equipment demand to improve
○ Chinafortune to buy equities of China Fortune Securities, Wintime Energy cooperates with CGN
○ Aodong Pharmaceutical bought by Sunshine Property ＆ Casualty Insurance in secondary market to 5 percent limit, Vrv Software Corporation proposes high share conversion and dividend
[SSN Focus]
○ GCHP issues Shanghai Declaration , health industry has promising outlook
------
The 9th Global Conference on Health Promotion (9GCHP) kicks off in Shanghai today (Nov. 21). It publishes 2030 Shanghai Declaration on Health Promotion in Sustainable Development. It calls for promoting health in all sustainable development goals and making plans for global health governance. The declaration also calls for fiscal policy as a powerful tool to improve investment in health and well-being; to fully exploit the growing importance and value of traditional medicine in promoting health and sustainable development; to empower the potential of digital technology to strengthen citizen's control of their own health and health determinants.
Comment: With the "Healthy China" initiative rising to a national strategy, a series of new policies and measures in health have been introduced this year. According to the guideline of Health China 2030 Plan issued by the central government, the total size of the health industry will exceed 8 trillion yuan in 2020 and exceed 16 trillion yuan in2030. Health sub-sectors including medical devices, medical services, traditional Chinese medicine, rehabilitation and elderly caring and medical information have attracted great attention from institutions.
[SSN Selection]
○ Data from China Securities Depository and Clearing Co., Ltd. shows that the number of investors holding more than 10 million yuan worth stocks increased 3,452 in October. Institutions point out that big investors increased holdings remarkably after regulations issued on the housing market.
○ The Ministry of Agriculture recently held activities on exchanging experience in the pilot program of transferring land operation right into shares. It requires completing the pilot missions by next June.
○ According to the announcement released by China Securities Regulatory Commission, there will be respectively 5 and 6 companies going for IPOs on Nov. 23 and Nov. 25.
○ The National Equities Exchange and Quotations (NEEQ) announces that all of its code beginning with "83" for companies listed on the NEEQ have been allocated, and it will use codes beginning with "87".
○ Beijing Soft Rock Investment Group Corporation (000609.SZ) terminated plans to be used as shell resources by Dalian Wanda Commercial Properties Co., Ltd. This is the first time that a A-share listed company disclose its transaction with Wanda Commercial Properties after the latter delisted from the Hong Kong market.
TOP
[Industry Information]
○ 13th Five-year Plan on technical development for environmental protection released, equipment demand to improve
------
The Ministry of Environmental Protection (MEP) and the Ministry of Science and Technology (MOST) jointly released the guidance of the 13th Five-year Plan on technical development for environmental protection recently. It requires implement special programs on the research and development in preventing air pollution, soil pollution and ecological management, make breakthroughs in key technologies and equipment and advance key technological projects in the overall environment in Beijing, Tianjin and Hebei.
Comment: The environmental protection industry has a huge potential market. The government is stepping up supports for the industry. Driven by the PPP model and other policies, the investment in the environmental protection industry will speed up and the demand for equipment will improve. In terms of listed companies, Guangxi Bossco Environmental Protection Technology Co., Ltd. (300422.SZ) is principally engaged in equipment for the treatment of water pollution. Beijing SDL Technology Co., Ltd. (002658.SZ) is principally engaged in environmental monitoring systems and is actively developing volatile organic compounds (VOCs).
TOP
[Announcement Interpretation]
○ Chinafortune to buy 92 pct equities of China Fortune Securities with RMB4.9 bln
------
Shanghai Chinafortune Co., Ltd. (600621.SH) proposes to buy 92 percent equities of China Fortune Securities at the valuation of 4,926.5 million yuan, which will be satisfied by assets replacement and assets purchase through share issuance. At the same time, the company proposes to issue shares to INESA (Group), Shanghai Guosheng (Group) Co., Ltd. and China Pacific Insurance (group) Co., Ltd. (02601.HK; 601601.SH) at 10.6 yuan per share, to raise 1,272 million yuan supporting fund. Upon completion of the transaction, Chinafortune will no longer be engaged in real estate development business, and China Fortune Securities will become its wholly owned subsidiary. The company will resume trading on Nov. 22.
○ Wintime Energy cooperates with CGN to expand into nuclear sector
------
Wintime Energy Co., Ltd. (600157.SH) has reached an agreement with China Guangdong Nuclear Power Group (CGN) in respect of the construction of new nuclear projects and cooperation in non-nuclear clear energy sector. Wintime Energy will participate in CGN's domestic new nuclear project as a party acting in concert, as well as the cooperative partner of the Chinese investment consortium in Hinckley Angle of nuclear power project in Britain. It signals Wintime Energy's important breakthrough in nuclear sector.
TOP
○ Aodong Pharmaceutical bought by Sunshine Property ＆ Casualty Insurance in secondary market to 5 percent limit
------
Sunshine Property ＆ Casualty Insurance Co., Ltd. on Nov. 21 increased holding 894,550 shares in Jilin Aodong Pharmaceutical Group Co., Ltd. (000623.SZ). Up till now, Sunshine Property ＆ Casualty Insurance in total holds 44,722,000 shares of the company, reaching the 5 percent limit. The average trading price of the company in October and November were 26.42 yuan and 26.98 yuan per share. In the next 12 months, Sunshine Property ＆ Casualty will decide whether to continue to increase shareholding in the company according to market condition.
○ Subsidiary of Taiji Industry signed big contract worth RMB6.7 bln
------
Shiyi Technology, subsidiary of Wuxi Taiji Industry Company Ltd. (600667.SH), has signed the master contract for the EPC project of 12 inches memory wafer manufacturing base project of Hefei Changxin. The contract sum is 6,686 million yuan. The project is scheduled to complete on April 12, 2008, which is expected to have positive impact on the company's operating performance from 2016 to 2018. The operating revenue of the listed company in 2015 was 4.4 billion yuan.
○ CNLIGHT Co., Ltd. (002076.SZ) has terminated planning major assets reorganization and will be resume trading on Nov. 22.
[Financial Reports Express]
○ Vrv Software Corporation proposes high share conversion and dividend
------
Actual controller of Beijing Vrv Software Corporation Limited（300352.SZ）proposes a 20-for-10 conversion of capital surplus into shares combined with 0.25 yaun dividend for every 10 shares. Controlling shareholder of Shandong Huapeng Glass Co., Ltd. (603021.SH) proposes a 16-for-10 conversion of capital surplus into shares combined with 2 yuan dividend for every 10 shares. Shenzhen Urovo Technology Co., Ltd (300531.SZ) proposes a 25-for-10 conversion of capital surplus into shares.
[Trading Trends]
○ Northeast Pharmaceutical bought by three institutional seats
------
The trading volume ranking list on Nov. 21 shows that Northeast Pharmaceutical Group Co., Ltd. (000597.SZ) was bought by three institutional seats with a total of 95.12 million yuan, accounting for 17.13 percent of intraday turnover. Another institutional seat sold 7,525,600 yuan.
Comment: the company is primarily engaged in chemical raw medicine, and it is a leading player in China's vitamin C industry. After suffered continuous loss earlier, coupled with stricter environment protection regulation, this industry has gradually cleared out overcapacity. Shijiazhuang City recently issued mandatory haze treatment order, requiring pharmaceutical enterprises in the whole city, including part of vitamin manufacturers, to suspend production. Institutions are optimistic that Northeast Pharmaceutical will benefit from the recovery of the industry.
[Trading Alarm]
○ Tianma Group and Tibet AIM Pharm IPO for subscription on Nov. 22
------
Tianma Group (732668.SZ) will offer for subscription at 6.21 yuan per share with the upper limit of 21,000 shares for each applicant. The company is primarily engaged in aquatic feed. Tibet AIM Pharm Inc. (002826.SZ) will offer for subscription at 6.06 yuan per share with the upper limit of 18,500 shares for each applicant. The company is primarily engaged in traditional Chinese medicine injection.
TOP
Latest comments