Buying stock conditions
The focus of the structural adjustment of the steel industry in 2019 is to maintaiBuying stock conditionsn a good momentum of basic balance between supply and demand, qualitatively promote the high-quality development of the entire industry, and reduce the capacity and industrial layout of key regions such as Beijing-Tianjin-Hebei from reducing steel capacity across the country. Adjust and change.
This week, the index accelerated its upward trend, and the two markets performed strongly. The Shanghai Stock Exchange Index stabilized at an integer mark of 3,400 points and hit a two-year high. As of Friday's close, the Shanghai Composite Index rose 0.07% to close at 34458 points, three consecutive positives on the weekly line; the Shenzhen Component Index rose 0.40% to close at 140,266 points; the ChiNext Index rose 0.68% to close at 2,730.84 points. Market volume shrank, with a total of 748.7 billion yuan in transactions between the two cities. On the disk, the food and beverage sector led the gains, followed by the non-ferrous metals, national defense and military industry, and light industry manufacturing sectors; the banking, real estate, and non-bank financial sectors led the decline. Huaxin Securities believes that the uncertainty in the short-term emotional game is increasing, and it is safer for investors to choose a low-purchase model. In addition, for A shares, it has entered a breakthrough time window. Once a new trend cannot be launched, the market has a high probability Return to the center of the box.
Orient Securities stated that the company adheres to the concept of only being the first, and has successfully copied the strong brand and channel advantages of converters to the wall switch business. In the future, there is still room for improvement in the market share of LED lighting and digital accessories. It is expected to focus on civil electricians. And the lighting field has formed an increasingly rich industrial layout. As an absolute leader in converters, the company is expected to continue to expand its product categories and increase profits by relying on its strong brand and channel advantages to grow into a leading international electrician.
From the perspective of business layout, after the injection of cement assets such as China United Cement, Southern Cement, Southwest Cement, and Sinoma Cement, Tianshan will change from its current main business in Xinjiang and Jiangsu to East, Central South, North China, Southwest and Northwest China. A listed cement company will become the largest listed cement company in the world.
Article 8 of the "Opinions" is based on improving the securities class action system, focusing on the two value orientations of smoothing investor rights protection channels and reducing investor rights protection costs, and encouraging courts at all levels to further refine and improve various litigation procedures for securities representative litigation. It also requires further strengthening of communication and coordination with securities regulatory authorities and investor protection agencies.
The Olympic Games, which once brought hope to Japan, have also been postponed. Toshihiro Nagahama, the top economist of Japan's Daiichi Institute of Economics, speculates that the Olympic Games will bring an economic benefit of 7 trillion yen to Japan’s GDP. Benefits are postponed. However, how much this 1.700 billion yen can achieve next yearBuying stock conditions is a big unknown. In the fourth quarter of last year, Japan’s real GDP declined at a rate of 6% and the year-on-year rate of decrease was 3%. The postponement of the Olympic Games is now affected by the increase in consumption tax last year and the epidemic. Japan’s economy has declined for two consecutive quarters, and the risk of entering a technological recession is increasing.
On the evening of November 11, the website of the Shanghai Stock Exchange disclosed that the application for listing on the Elite Digital Technology Innovation Board was accepted. So far, 176 companies have accepted applications for listing on the Science and Technology Innovation Board. Elite Digital was listed on the New Third Board in 2015, then referred to as Elite Technology. It was changed to Elite Digital on May 6 this year. On May 14, the company announced the suspension of the transfer of stocks for major events, and has issued multiple announcements of postponed stock transfers afterwards. On November 1, the company disclosed that under the guidance of Sino-German Securities, the company passed the initial public offering of shares by the Shanxi Securities Regulatory Bureau and the guidance and acceptance of listing on the Science and Technology Innovation Board. The prospectus application draft shows that Elite Data Intelligence is a high-tech enterprise that provides integrated software-based safety production monitoring and management solutions for coal and other high-risk industries. Its products and services are for high-risk industries such as coal mines, safety supervision departments, Insurance and security service agencies. The company's main customers are concentrated in the Shanxi market. During the reporting period, with the exception of Shanxi’s operating revenue in 2016, which accounted for 886%, the proportion was over 90% from 2017 to the first half of this year, of which it reached 939% in the first half of this year. Since corporate customers have a relatively large share of companies and government units, this type of customer has a longer payment cycle and a larger scale of company accounts receivable. Last year, the company achieved operating income of 1.1 billion yuan, and the balance of accounts receivable reached 4.4 billion; in the first half of this year, the company's revenue was 1 billion, and the balance of accounts receivable exceeded 500 million. Financial data show that from 2016 to 2018 and the first half of this year, the company achieved net profits of 15.03 million yuan, 21.12 million yuan, 39.99 million yuan and 33.83 million yuan respectively. In this application for listing, the company intends to raise 3.7 billion yuan for the industrialization project of the intelligent perception system for production safety and to supplement working capital. The company intends to adopt the first set of criteria for listing, that is, the estimated market value is not less than RMB 1 billion, the net profit in the last two years has been positive and the cumulative net profit is not less than RMB 50 million, or the estimated market value is not less than RMB 1 billion , The net profit in the most recent year was positive and the operating income was not less than RMB 100 million. The prospectus disclosed that as of September 30, 2019, the company had obtained 13 patents, including 10 utility model patents and 3 design patents. According to the company's disclosure, as of September 30, 2019, the company was applying for 87 patents, including 77 patents for inventions centered on the company's core technology. In terms of equity structure, the company’s chairman Gong Dali directly holds 347% of the company’s shares and is the actual controller of the company. Ningbo Zhangyi holds 29% of the company's shares. Gong Dali serves as the executive partner of Ningbo Zhangyi and holds 05% of its capital contribution. Gong Dali used to be an engineer and deputy director (in charge of work) of Taiyuan Design and Research Institute of Coal Industry, and has been the chairman of the company since July 2012. He also serves as a director of the Safety Production Association, an executive director of the Shanxi Coal Industry Association, a vice president of the Shanxi Software Industry Association, and a vice president of the Shanxi Information Technology Association.
A shares have always had their own operating logic, affected by the external market, only opening. At present, the index is already in the divergence phase of the daily cycle, and the amount of land is frequently released. This situation has laid the foundation for the rebound in June. From the perspective of opportunity, Huawei's concept, 5G and agricultural sectors stimulated by the external environment are still the key areas of the layout.