On June 8, all three major A-share indexes closed down, with food and beverages, non-ferrous metals, chemicals, pharmaceuticals and biotech leading the decline, and the liquor sector even fell by the limit on a large scale.
On that day, blockchain concept stocks rose sharply, with Xinchen Technology (stock bar), Digital Video, Aidil (stock bar), Jinqiao Information (stock bar) hitting the daily limit, and individual stocks such as Runhe Software (stock bar), Information Development (stock bar), etc. More than 8%.
It is reported that on June 7, the Ministry of Industry and Information Technology issued the "Guiding Opinions of the Office of the Central Cybersecurity and Information Technology Commission on Accelerating the Application of Blockchain Technology and Industrial Development" (hereinafter referred to as the "Guiding Opinions").
The "Opinions" propose that by 2025, the comprehensive strength of the blockchain industry will reach the world's advanced level, the industry will begin to take shape, and 3-5 internationally competitive backbone enterprises and a group of innovative leading enterprises will be cultivated to create 3-5 blocks Chain industry development cluster area.
Blockchain concept stocks usher in major benefits
The "Opinions" pointed out that blockchain is an important part of the new generation of information technology and is expected to solve the trust and security issues in cyberspace, promote the transformation of the Internet from transmitting information to transmitting value, and reconstruct the information industry system.
By 2025, the comprehensive strength of the blockchain industry will reach the world's advanced level, and the industry will begin to take shape. Blockchain applications have penetrated into many areas of the economy and society, and a number of well-known products have been cultivated in areas such as product traceability, data circulation, and supply chain management, forming scenario-based demonstration applications.
By 2030, the comprehensive strength of the blockchain industry will continue to improve and the industry scale will further expand. Blockchain has become an important support for building a manufacturing power, a network power, developing the digital economy, and modernizing the national governance system and governance capabilities.
According to Times Finance reporters, since this year, many companies and institutions have begun or are deeply involved in blockchain-related businesses, and regulatory authorities have also paid more attention to it. During the National Two Sessions, at least 20 provincial and municipal government work reports mentioned relevant plans for the development of the blockchain industry.
It is worth noting that listed companies are important participants in my country’s industrial blockchain. According to statistics from the "China A-share Blockchain Listed Companies Panorama Report (2021)" released by 01 Blockchain and Lingyi Think Tank, 211 listed companies carrying out blockchain business have relatively high overall qualifications, and large and medium-sized enterprises account for more than 9 50.24% of companies have been listed for more than 10 years.
From the perspective of participation methods, independent research and development is one of the main ways for current blockchain concept stocks to lay out blockchain. Listed companies that choose this layout method are concentrated in sub-sectors such as finance and software information services. In terms of cooperative research and development, traditional Internet technology companies are the most popular partners of blockchain concept stocks. Internet companies such as Ant, Baidu, Xunlei, Xiaomi, and Inspur have established blockchain-related partnerships with one or more listed companies.
In addition, investing in or taking shares in other blockchain technology companies or setting up wholly-owned or holding subsidiaries to carry out blockchain business is another way for listed companies to choose to lay out the blockchain track. For example, Shuzhi Technology (Guba) invested in public chains through Fund Light in 2018.
The panoramic report shows that among the 211 A-share blockchain concept stocks, about 75% of the companies have produced blockchain-related performance, such as Xuanji Information (Guba)’s invoice chain, information technology’s Xinfa Chain, digital trust, etc.Certification chain (stock bar), Changshan Beiming trust chain (stock bar), etc.
According to Times Finance reporters, in terms of current blockchain application scenarios, finance, government affairs, and medical care are the three most involved fields. Among them, the traditional supply chain finance model has always had problems such as information asymmetry, difficulty in penetrating credit, and cumbersome offline operations. It is considered to be one of the most suitable scenarios for applying blockchain technology. At present, listed companies that have launched supply chain finance platforms include Yijian Construction Co., Ltd. ("Guba"), Hailian Jinhui ("Guba"), Yuanguang Software ("Guangba"), etc.
In addition, in the field of blockchain + digital government affairs, there are also the open judicial credential storage service platform "Zhixin Chain" owned by Changshan Beiming, and the "credential chain" created by Nanwei Software (Guba), etc. Listed companies such as Yi Lianzhong (Stock Bar), Heren Technology (Stock Bar), Weining Health (Stock Bar) and other listed companies are developing business layout in the blockchain + medical and health field.
On June 8, the blockchain concept stock sector surged, with many stocks such as Xinchen Technology, Runhe Software, Information Development, Digital Video, Adil, and Jinqiao Information all rising by more than 10%. Among them, Xinchen Technology has reached the daily limit (20%), and the current quotation is 14.16 yuan/share.
Public information shows that Xinchen Technology mainly provides financial customers with software development services such as electronic channels and channel integration, trade finance payment and settlement, new generation intermediary business, transaction banking, data exchange, big data platform, and blockchain platform. In September 2018, the Blockchain Forfaiting Transaction (“BCFT”) platform of a joint-stock bank implemented by Xinchen Technology was successfully launched. In terms of blockchain, in 2020, the company successfully launched the "Blockchain as a Service (BaaS) Platform Project" of a large state-owned bank and the "Xiongan New Area Construction Capital Chain Project" of a national joint-stock bank; a large state-owned bank has newly implemented the The Bank’s “Foreign Exchange Administration Cross-border Blockchain Platform Access Project” and “Xiong’an New Area Non-Tax Bill Blockchain Project”.
Times Finance reporter contacted Xinchen Technology and responded, “The company has a small team working on blockchain business. Please refer to the company’s annual report for details.”
Are the “hot spots” in Xinyang Maojian cool?
At the same time, Xinyang Maojian announced on the evening of June 6 that it was working with a professional team to study the establishment of a special purpose acquisition company (SPAC) and planned to conduct an initial public offering of the SPAC. It is expected to raise US$40 million to US$50 million to acquire some potential big data and regional chain projects.
The company said that by establishing SPAC, the group can make full use of resources and explore new economic fields such as big data and regional chains. Combining the group's location advantages in Heihe City, including the low-energy computing advantage of being located in an alpine zone, as well as the relatively stable electricity price advantage, we can achieve the best results for the SPAC acquisition project. Maximize synergies and benefits.
However, in sharp contrast to the hot market for A-share blockchain concepts, the market does not seem to buy Xinyang Maojian’s account, and the company’s stock price has fallen day after day.
"Xinyang Maojian told this story very early. At the beginning of this year, the cryptocurrency market rose rapidly, so it was good. But now the situation has changed. On the one hand, the cryptocurrency as a whole is falling, and on the other hand, national policies have become more stringent , so the announcement is now less clear than before. Interestingly enough, this announcement mentions the blockchain big data project, but does not directly mention cryptocurrencies like the previous announcement. This change shows that the company is interested in the area. There is interest in blockchain big data projects, but there are regulatory concerns." Chen Bo, director of the Digital Finance Research Center of the Central University of Finance and Economics and deputy director of the Bay Area International Financial Technology Laboratory, told Times Finance on June 7.
On March 16, Xinyang Maojian announced that Heihe Longjiang Chemical Co., Ltd. (a company in which the company indirectly holds 90% of the shares) and Heihe Shark Technology Co., Ltd. signed a project cooperation agreement.
According to the project cooperation agreement, Heihe Longjiang will invest 30,000 square feet of land, as well as factories and office buildings on the land, as well as 110,000-volt substations, wires and power supply facilities; Heihe Shark will invest in its cryptocurrency business, large-scale Data business, relevant personnel, product technology, all relevant intellectual property rights and RMB 150 million.
“Xinyang Maojian did not directly mention Bitcoin mining and other activities in its recent announcement, but it hopes to acquire some potential big data and blockchain projects. Both big data and blockchain require powerful computing power. Strong support. If Xinyang Maojian’s move is just to use the geographical location and energy price advantages to lay out the computing power market, it is in line with the national development strategy. If we want to forcefully reverse the regulatory trend, deploy the cryptocurrency mining industry at the current sensitive node , may attract regulatory attention and bring many external uncontrollable risks." The Digital Asset Research Institute stated in Times Finance on June 8.
Previously, the Financial Commission of the State Council set the tone to “severely crack down on Bitcoin mining and trading activities.” Four ministries and commissions including the National Development and Reform Commission have also clearly proposed to lay out the national hub nodes of the national computing power network, launch the implementation of the "East Data and West Computing" project, and build a national computing power network system.
"There are still big variables in whether the entire strategy can be implemented. In the future, more emphasis may be placed on chain projects and integration with some real economies." Chen Bo analyzed.
Jiang Zhaosheng believes that Xinyang Maojian’s original business may not be of much help to its development of big data and blockchain projects. The company's advantage may lie in its good relationships with local governments, as well as its location's unique geographic and energy price advantages.
Judging from the content of announcements over the years, Xinyang Maojian seems to be a company that "loves to take advantage of hot topics."
Xinyang Maojian, formerly known as China Tianchang Chemical Group Co., Ltd., is a basic chemical enterprise. Since its launch in 2001, it has changed its name several times. In February this year, Xinyang Maojian was questioned by the industry about using the popularity of "Moutai" because it planned to change the company's name to "Guolong Moutai ()".
From chemical industry, to tea, to alcohol, to blockchain, Xinyang Maojian pursues market hot spots, perhaps to "change his life." Public information shows that Xinyang Maojian was listed on the Hong Kong stock market in 2001. The period from 2006 to 2009 was the company’s highlight moment, and its profits maintained a positive growth trend. Since 2011, the company's profitability has declined significantly. The stock price has been below HK$1 for many years, with the lowest price being only HK$0.181. On June 8, Xinyang Maojian closed flat at HK$0.305 per share.
标签： #Block #Stock Bar #Technology #Xinyang #Finance
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