Xinhua preferred high price to take over Kane's shares

After all, performance is an important indicator of investment decisions, and Cain's shares attest to that. Affected by the main business rebound, its first half to achieve the ownership of the listed company's shareholders net profit year-on-year increase of 205.81%. Share prices also rallied in the same period, with nearly 50% per cent increase from February to mid-April.　　From the newspaper, Xinhua preferred fund to move to promote the stock price is an important factor.　　The new energy strategy setback Bulletin shows that the first half of the company to achieve business income of 385 million yuan, 57.91% year-on-year, attributable to the listed company shareholders net profit of 53.3494 million Yuan, 205.81% year-on-year, mainly from the rapid development of the main business. It is understood that although the company's main business is paper industry, but it is not a traditional paper enterprises, but the world's only two can be serialized production of high, medium and low voltage electrolytic capacitor paper one of the enterprises (another for the Japanese nkk), in the domestic electrolytic capacitor paper industry in a relatively monopolistic position, and maintain a higher margin level. The company can also benefit from the background of domestic domestic demand and the revitalization of the electronic information industry. The company report also reflects this. According to the region, the first half of its annual sales growth of 64.87%, to 200 million yuan, while the export of only 73.7413 million yuan, year-on-year increase of 24.03%.　　In addition, the first half of the paper business income reached 302 million yuan, an increase of 61.77%, gross profit margin of 39.12%, in its last year's total operating income accounted for nearly 80%. Oriental Securities that the Ministry of Commerce promulgated the international electrolytic capacitor paper imports of anti-dumping regulations, effectively curb the oppression of the Japanese NKK company, last April, the Ministry of Commerce further proposed that the capacitor paper as a ban on processing trade products, which significantly increased NKK export costs to China, the company's competitive environment significantly improved,　　Product prices and profitability have improved.　　However, the new energy industry, which the company has previously entered into, has not yielded the expected gains.　　The company bought a 78.8% stake in Kane's battery last year, but Kane's battery was less profitable in the three quarters after last year, and listed companies abandoned plans this year to add capital to the Kane battery to implement a new power battery project. Xinhua preferred to enter this year, the holding shareholder of Kane's stake has been reducing.　　Since the beginning of the year to reduce the total number of 25.9 million shares, the proportion of circulating shares from the original 34.42% to 21.13%. But under such a large degree of reduction, the company's share price can still be in the obvious weak market to maintain strong. Semi-annual reports showed that as at June 30, the number of shareholders from the first quarter of 26563 households down to 20922 households, obviously have the funds to absorb.　　The report also showed that the Xinhua optimization Growth Fund is to absorb the main force. Compared to the top ten circulating shareholder lists in the two reporting periods, Xinhua preferred growth to buy 3.6947 million shares in the two quarter, becoming the second largest circulating shareholder.　　According to its buying range of the average price of 13.03 yuan, the investment amounted to 48.14 million yuan. According to the previous announcement, Kane group reductionThe price is 10 yuan to 11 yuan. By contrast, Xinhua preferred contrarian buying costs even higher than large shareholders to reduce prices, obviously the company's prospects have considerable expectations.