How much money did you make for the bicycle factory built for ofo? You cant guess the answer.

category:Global
 How much money did you make for the bicycle factory built for ofo? You cant guess the answer.


At the end of April, ofo denied the news that ofo was bought, and stressed that ofo will remain independent for a long time with the support of many investors. However, the current operation of ofo is evident from its partner Shanghai Phoenixs earnings report. Last May, when sharing bicycles were hot, Fenghuang bicycles and ofo, a subsidiary of Shanghai Phoenix, reached a strategic cooperation agreement. According to this agreement, the supply of Phoenix bicycles to ofo may reach 5 million, which is expected to bring a lot of profits to the company. However, the cooperation between the two sides has been greatly reduced under the background that the sharing base of bicycles has been very high. Yesterday, Shanghai Phoenix announced that the expected completion rate of bicycle trading volume was less than 5 million compared with 40%. In addition, the 2017 annual report shows that the supply of ofo to Fenghuang bicycle in the first 4 months of this year is likely to be less than 100 thousand. There are only more than 80 thousand purchases this year According to the Shanghai Phoenix bulletin, as of the date of the announcement, the company holding subsidiary Phoenix Bicycle (holding 51%) has provided 1 million 861 thousand and 600 bicycle products to Tung gorge Datong (Beijing) Management Consulting Co., Ltd. and its associated company to achieve sales revenue of 637 million yuan. East gorge chase for ofo sharing single car operator. In May 6, 2017, the Phoenix bulletin announced that the Phoenix Bicycle and Tong gorge signed the strategic cooperation agreement. The two sides will carry out strategic cooperation on the publicity of the Phoenix brand, the production and manufacture of bicycles and parts, and the research and development of technology. Most importantly, the agreement agreed that East gorge chase will purchase more than 5 million purchase plans for Phoenix bicycles in the next year. According to the Shanghai Phoenix forecast, in the full purchase situation, Phoenix bicycle will receive 40 million yuan income. Shanghai Phoenix, which has a net profit of 52 million 880 thousand yuan in 2016, is also expected to get substantial profits from the deal. Unfortunately, over the past year, the cooperation between the two sides failed to produce too much spark. It is estimated that the actual volume of transactions between the two sides is only 37.23% of the agreement. Reporters noted that according to the Shanghai Phoenix annual report, the East gorge Datong report period purchased 1 million 777 thousand and 300 vehicles according to the plan, and the current revenue was 597 million yuan. It is estimated that the price of the transaction is about 336 yuan per unit. In comparison with the information in the latest bulletin of May 4th, it was found that over the first 4 months of this year, Phoenix bicycles provided more than 80 thousand bicycles to the Tung gorge. If the 5 million cars get 40 million yuan profit estimated by Shanghai Phoenix, the bicycle profit of each Phoenix Bicycle is about 8 yuan. Based on this, it is estimated that the total profit of the 1 million 861 thousand and 600 bicycles sold to the East gorge chase is about 14 million 890 thousand yuan. Is the sharing of a single vehicle saturated? For the reason that the cooperation with ofo is more than expected, the Phoenix in Shanghai said in the announcement that it was due to the impact of sharing single car supervision and sharing the actual launch situation on the demand for the launch of the shared bicycle. Tong gorge reduced the actual purchase quantity. Although the two sides failed to produce good results, Shanghai Phoenix still gave this cooperation a high opinion. The company said that the cooperation with ofo brought certain orders to the company, further improved the companys brand awareness and market influence in the bicycle industry, promoted the efficiency and performance of the companys productivity, and had a positive effect on the development of the company. So, are there any cooperation plans for the two sides? Reporters call the Shanghai Phoenix investor hotline on the afternoon of May 4th, but the announcement shows that the phone is in a shutdown state. Reporters noted that in Shanghai Phoenix revealed the implementation of ofo orders, triggering a heated discussion in the industry. On the whole, the idea of sharing bicycle is becoming more and more saturated, and the ofo continues to give the Phoenix Bicycle the possibility of making large orders is more mainstream. Economist Song Qinghui told reporters that sharing bicycle industry boom is not as good as it used to be, and there are signs of going downhill. The shrinkage of terminal procurement volume may have a certain impact on bicycle manufacturers such as Shanghai Phoenix, and further affect many enterprises in the manufacturing process. Bicycle industry chain may have a hard time for some time. Indeed, according to a quarterly report released in April 21st by Shanghai Phoenix in April 21st, the companys current revenue dropped by 42.75% compared with the same period last year, and net profit fell by 51.39% compared with the same period last year. Song Qinghui further said that at present, the competition in the sharing of the single car industry is very fierce, most enterprises not only do not make a penny, but the loss is very serious, all are burning money. He believes that only through the form of merger, sharing bicycle business is expected to achieve profitability. Sharing a single car enterprise is of great significance, not only to enhance the ability to resist risk, but the combination of two or more parties will not only help improve the life cycle, but also make a greater profit space. Moreover, merger is of positive significance for the healthy development of shared economy.