[Today's Guide]
○ Drugs industry to see supply-side reform, innovative drugs to benefit
○ Policies support micro-grid construction, expected to bring millions of yuan's new demands
○ MLR to speed up satellite remote sensing application, expansion of industrial chain expected
○ Fuxin Dare Automotive Parts to acquire overseas auto parts company at RMB1.937 bln, China Sports Industry reveals prospective transferees
[SSN Focus]
○ Drugs industry to see supply-side reform, innovative drugs to benefit
------
The General Office of the State Council released the certain opinions on further reform the policies on the improvement of the production, distribution and use of drugs on Feb. 9. The document said the review and approval of drugs in clinical demand should be streamlined. It will encourage the research and development new drugs and support the merger and reorganizations of drug enterprises. In terms of distribution, it will speed up in the establishment of an urban-rural drugs distribution network and promote the "two invoices" system in the purchase and sale of drugs. It will give play to the advantages of the "Internet plus drugs distribution".
Comment: The document is a significant reform covering all processes in the drug industry. Institutes believe that innovative drugs will benefit from the priority in approval and the adjustment of the category of medicine covered by the medical insurance. The time for the introduction of innovative drugs will be shortened and more sales are expected. Institutes are rosy about Betta Pharmaceuticals Co., Ltd. (300558.SZ), which owns independent and innovative targeted anticancer drugs, and Porton Fine Chemicals Ltd. (300363.SZ), which is engaged in the outsourcing and processing of innovative drugs. The implementation of the "two invoices" system will improve the concentration of the industry and will bring expansion opportunities to such leaders as Jointown Pharmaceutical Group Co., Ltd. (600998.SH).
[SSN Selection]
○ The Ministry of Commerce claimed on Feb. 9 that it will adopt multiple measures to boost the development of e-commerce and deeply develop comprehensive demonstration of e-commerce in rural areas in 2017.
○ According to the National Energy Administration, the charging service for electro-mobiles in Beijing and Shanghai is now available within an average radius of 5 km, and Shenzhen and Guangzhou are also moving towards the goal.
○ Shanxi province held its state-owned capital reform meeting on Feb. 9, requiring 18 state-owned holding listed platforms in the province to advance asset securitization. It is also required that progress must be made every year from this year on.
○ The Transportation Bureau of Xinjiang Production and Construction Corps proposes to invest 300 billion yuan in building a modern highway network in the area during the 13th five-year plan period and it will strive to invest 40 billion yuan in 2017.
○ The northbound trading of Shanghai-Hong Kong Stock Connect saw a net inflow of 1.636 billion yuan on Feb. 9, totaling the net inflow in the five trading days after the Spring Festival to 8.81 billion yuan.
TOP
[Industry Information]
○ Policies support micro-grid construction, expected to bring millions of yuan's new demands
------
The National Energy Administration (NEA) said on Feb. 9 on its website that the draft of micro-grid management measures has been completed for soliciting consultations. The draft proposes to increase financial support for micro-grid construction via existing special construction funds for power grid construction and transformation and intelligent grid in towns and cities. It also encourages public-private partnership (PPP) and franchises the construction and operation of micro-grid projects.
Comment: Securities companies expect that during the 13th Five-Year Plan period, the micro-grid will bring millions of yuan's new demands. The key of micro-grid project lies in energy storage systems which require high cost for battery. Sungrow Power Supply Co., Ltd. (300274.SZ) announced that it has worked with Samsung to build energy storage system for the new energy micro-grid and green electricity flexible trading demonstration zone in Hefei High-Tech District. Shenzhen Clou Electronics Co., Ltd. (002121.SZ) has established partnership with Huawei in micro-grid and worked together with LG in energy storage battery.
TOP
○ MLR to speed up satellite remote sensing application, expansion of industrial chain expected
------
Cao Weixing, deputy head of Ministry of Land and Resources (MLR), emphasized on Feb. 8 speeding up construction of satellite remote sensing application system for land and resources, optimizing and improving development planning of satellite remote sensing, and better serving and promoting technological innovation strategy of deep-land exploration and observation of deep space to land. Besides, major special projects and key R＆D plans should be mulled over satellite remote sensing application technology.
Comment: Annual growth rate of global satellite and its application industries has been over 10 percent since 21st century. According to the medium- and long-term planning of infrastructure of civil space, there systems including satellite remote sensing, satellite communication and broadcasting, and satellite navigation and positioning will be established during the 13th Five-year Plan period. Driven by economic transformation and information economy, space infrastructure will enjoys huge potential demand and all links of satellite industry will see opportunity for expansion.
TOP
[Announcement Interpretation]
○ Fuxin Dare Automotive Parts to acquire overseas auto parts company at RMB1.937 bln
------
Fuxin Dare Automotive Parts Co., Ltd. (300473.SZ) plans to acquire equity and major debt rights of Fuxin Jiachuang Enterprise Management Co., Ltd. at 1.937 billion yuan. This deal allows the company to indirectly finish acquiring Carcoustics International GmbH, which is engaged in R＆D, manufacturing and selling of acoustic-controlled and heat-insulated products. 95 percent of its products are used in world-class automakers including Mercedes-Benz, BMW, Audi, Ford, Volkswagen, Renault and Nissan and suppliers of some famous manufacturers of household and industrial products, like BOSCH.
○ China Sports Industry to transfer controlling rights, four prospective transferees exposed
------
China Sports Industry Group Co., Ltd. (600158.SZ) revealed in a reply to the enquiry of the Shanghai Stock Exchange that the General Administration of Sport of China Fund Center, the controlling shareholder of the company, will transfer all the 186 million shares held by it, and there are four prospective transferees: Xinliyi Co., Ltd. controlled by Liu Yiqian, Tianjin Leti Anhong Sports Culture Development Co., Ltd. under LeTV Sport, Shenzhen Pengxing Shipping Co., Ltd. under Shenzhen State-owned Assets Supervision and Administration Commission and Beijing Xiangming Sport Culture Co., ltd.
○ Palm Eco-Town Development Co., Ltd. (002431.SZ) signed an agreement with respect to PPP project of phase II of the comprehensive treatment of Shali River in Luohe City. The contract sum is 2.06 billion yuan, accounting for 46.8 percent of the operational revenue of the company in 2015.
○ Controlling shareholder of Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) on Feb. 8 continued to increase holding 400,000 shares of the company.
[Financial Reports Express]
○ Controlling shareholder of Shanghai Fortune Techgroup Co., Ltd. (300493.SZ) proposes 15-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for each ten shares. Pan Shixin, a shareholder of the company, proposes to reduce shareholding of the company within six months.
[Trading Alarm]
○ Two new shares offer for IPOs on Feb. 10
------
Fujian Anjoy Food Co., Ltd. (732345.SZ) will offer for subscription at 11.12 yuan per share. The upper limit for each applicant is 21,000 shares. The company is primarily engaged in quick-frozen food. Hangzhou Nbond Nonwoven Co., Ltd (732238.SZ) will offer for subscription at 13.31 yuan per share. The upper limit for each applicant is 12,000 yuan. The company is primarily engaged in spunlace nonwoven fabrics.
TOP
○ Drugs industry to see supply-side reform, innovative drugs to benefit
○ Policies support micro-grid construction, expected to bring millions of yuan's new demands
○ MLR to speed up satellite remote sensing application, expansion of industrial chain expected
○ Fuxin Dare Automotive Parts to acquire overseas auto parts company at RMB1.937 bln, China Sports Industry reveals prospective transferees
[SSN Focus]
○ Drugs industry to see supply-side reform, innovative drugs to benefit
------
The General Office of the State Council released the certain opinions on further reform the policies on the improvement of the production, distribution and use of drugs on Feb. 9. The document said the review and approval of drugs in clinical demand should be streamlined. It will encourage the research and development new drugs and support the merger and reorganizations of drug enterprises. In terms of distribution, it will speed up in the establishment of an urban-rural drugs distribution network and promote the "two invoices" system in the purchase and sale of drugs. It will give play to the advantages of the "Internet plus drugs distribution".
Comment: The document is a significant reform covering all processes in the drug industry. Institutes believe that innovative drugs will benefit from the priority in approval and the adjustment of the category of medicine covered by the medical insurance. The time for the introduction of innovative drugs will be shortened and more sales are expected. Institutes are rosy about Betta Pharmaceuticals Co., Ltd. (300558.SZ), which owns independent and innovative targeted anticancer drugs, and Porton Fine Chemicals Ltd. (300363.SZ), which is engaged in the outsourcing and processing of innovative drugs. The implementation of the "two invoices" system will improve the concentration of the industry and will bring expansion opportunities to such leaders as Jointown Pharmaceutical Group Co., Ltd. (600998.SH).
[SSN Selection]
○ The Ministry of Commerce claimed on Feb. 9 that it will adopt multiple measures to boost the development of e-commerce and deeply develop comprehensive demonstration of e-commerce in rural areas in 2017.
○ According to the National Energy Administration, the charging service for electro-mobiles in Beijing and Shanghai is now available within an average radius of 5 km, and Shenzhen and Guangzhou are also moving towards the goal.
○ Shanxi province held its state-owned capital reform meeting on Feb. 9, requiring 18 state-owned holding listed platforms in the province to advance asset securitization. It is also required that progress must be made every year from this year on.
○ The Transportation Bureau of Xinjiang Production and Construction Corps proposes to invest 300 billion yuan in building a modern highway network in the area during the 13th five-year plan period and it will strive to invest 40 billion yuan in 2017.
○ The northbound trading of Shanghai-Hong Kong Stock Connect saw a net inflow of 1.636 billion yuan on Feb. 9, totaling the net inflow in the five trading days after the Spring Festival to 8.81 billion yuan.
TOP
[Industry Information]
○ Policies support micro-grid construction, expected to bring millions of yuan's new demands
------
The National Energy Administration (NEA) said on Feb. 9 on its website that the draft of micro-grid management measures has been completed for soliciting consultations. The draft proposes to increase financial support for micro-grid construction via existing special construction funds for power grid construction and transformation and intelligent grid in towns and cities. It also encourages public-private partnership (PPP) and franchises the construction and operation of micro-grid projects.
Comment: Securities companies expect that during the 13th Five-Year Plan period, the micro-grid will bring millions of yuan's new demands. The key of micro-grid project lies in energy storage systems which require high cost for battery. Sungrow Power Supply Co., Ltd. (300274.SZ) announced that it has worked with Samsung to build energy storage system for the new energy micro-grid and green electricity flexible trading demonstration zone in Hefei High-Tech District. Shenzhen Clou Electronics Co., Ltd. (002121.SZ) has established partnership with Huawei in micro-grid and worked together with LG in energy storage battery.
TOP
○ MLR to speed up satellite remote sensing application, expansion of industrial chain expected
------
Cao Weixing, deputy head of Ministry of Land and Resources (MLR), emphasized on Feb. 8 speeding up construction of satellite remote sensing application system for land and resources, optimizing and improving development planning of satellite remote sensing, and better serving and promoting technological innovation strategy of deep-land exploration and observation of deep space to land. Besides, major special projects and key R＆D plans should be mulled over satellite remote sensing application technology.
Comment: Annual growth rate of global satellite and its application industries has been over 10 percent since 21st century. According to the medium- and long-term planning of infrastructure of civil space, there systems including satellite remote sensing, satellite communication and broadcasting, and satellite navigation and positioning will be established during the 13th Five-year Plan period. Driven by economic transformation and information economy, space infrastructure will enjoys huge potential demand and all links of satellite industry will see opportunity for expansion.
TOP
[Announcement Interpretation]
○ Fuxin Dare Automotive Parts to acquire overseas auto parts company at RMB1.937 bln
------
Fuxin Dare Automotive Parts Co., Ltd. (300473.SZ) plans to acquire equity and major debt rights of Fuxin Jiachuang Enterprise Management Co., Ltd. at 1.937 billion yuan. This deal allows the company to indirectly finish acquiring Carcoustics International GmbH, which is engaged in R＆D, manufacturing and selling of acoustic-controlled and heat-insulated products. 95 percent of its products are used in world-class automakers including Mercedes-Benz, BMW, Audi, Ford, Volkswagen, Renault and Nissan and suppliers of some famous manufacturers of household and industrial products, like BOSCH.
○ China Sports Industry to transfer controlling rights, four prospective transferees exposed
------
China Sports Industry Group Co., Ltd. (600158.SZ) revealed in a reply to the enquiry of the Shanghai Stock Exchange that the General Administration of Sport of China Fund Center, the controlling shareholder of the company, will transfer all the 186 million shares held by it, and there are four prospective transferees: Xinliyi Co., Ltd. controlled by Liu Yiqian, Tianjin Leti Anhong Sports Culture Development Co., Ltd. under LeTV Sport, Shenzhen Pengxing Shipping Co., Ltd. under Shenzhen State-owned Assets Supervision and Administration Commission and Beijing Xiangming Sport Culture Co., ltd.
○ Palm Eco-Town Development Co., Ltd. (002431.SZ) signed an agreement with respect to PPP project of phase II of the comprehensive treatment of Shali River in Luohe City. The contract sum is 2.06 billion yuan, accounting for 46.8 percent of the operational revenue of the company in 2015.
○ Controlling shareholder of Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) on Feb. 8 continued to increase holding 400,000 shares of the company.
[Financial Reports Express]
○ Controlling shareholder of Shanghai Fortune Techgroup Co., Ltd. (300493.SZ) proposes 15-for-10 conversion of capital surplus into shares combined with 1.5 yuan dividend for each ten shares. Pan Shixin, a shareholder of the company, proposes to reduce shareholding of the company within six months.
[Trading Alarm]
○ Two new shares offer for IPOs on Feb. 10
------
Fujian Anjoy Food Co., Ltd. (732345.SZ) will offer for subscription at 11.12 yuan per share. The upper limit for each applicant is 21,000 shares. The company is primarily engaged in quick-frozen food. Hangzhou Nbond Nonwoven Co., Ltd (732238.SZ) will offer for subscription at 13.31 yuan per share. The upper limit for each applicant is 12,000 yuan. The company is primarily engaged in spunlace nonwoven fabrics.
TOP
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