Whether Shanghai Phoenix will eventually make profits is uncertain

category:Finance
 Whether Shanghai Phoenix will eventually make profits is uncertain


On November 19, a number of media reported the export of bicycles. Export explosion, orders to July next year and sales growth will continue until 2022 have become hot topics in the current bicycle industry, and the topic has rushed to the seventh hot microblog search.

According to the data of Alibaba international station, Gmv (total transaction volume) of bicycle industry increased by more than 100% for six consecutive months, and the order volume in October increased by 220% year-on-year.

Statistics from the General Administration of Customs show that the export value of bicycles has achieved a month on month growth for five consecutive months from April to August. According to the statistics of the General Administration of customs, the reporter of securities times u00b7 e company found that the export amount of bicycles in the second quarter and the third quarter was 807 million US dollars and 1.1 billion US dollars respectively. This is the first time since 1995 that the export value of the bicycle industry has exceeded US $1 billion, a record high in a single quarter in the past 25 years.

Stimulated by this news, A-share bicycle plate set off trading. On the disk, Shanghai Phoenix Trading Limit for two consecutive days, and on November 23, it came out of the years high of 15.69 yuan. Before that, the stock price peaked at 15.61 yuan in June, and the news at that time showed that there was a bicycle fever in Europe.

Zhonglu shares also rose and closed on November 19, reaching a new high of 11.08 yuan in the next day.

As for the stock price rise triggered by the news, a relevant person of Shanghai Phoenix board of directors said publicly in the media: Shanghai Phoenix does not make a statement on the data disclosed by the staff of its subsidiary companies, but from the perspective of the industry trend, the epidemic situation has a positive impact on the sales of bicycle products. Both domestic and foreign sales, the companys order volume has a certain growth. According to the annual report of 2019, the main business of Shanghai Phoenix is bicycle and parts, real estate leasing business and counter trade, accounting for 93.51%, 3.55% and 0.39% of revenue respectively. According to the financial data disclosed in Shanghai Phoenixs third quarter report in 2020, the companys revenue in the first three quarters was 1.03 billion yuan, with a year-on-year increase of 50.07%, and the non net profit was 233.307 million yuan, with a year-on-year increase of 66.89%.

As for the stock price rise triggered by the news, a relevant person of Shanghai Phoenix board of directors said publicly in the media: Shanghai Phoenix does not make a statement on the data disclosed by the staff of its subsidiary companies, but from the perspective of the industry trend, the epidemic situation has a positive impact on the sales of bicycle products. Both domestic and foreign sales, the companys order volume has a certain growth.

According to the annual report of 2019, the main business of Shanghai Phoenix is bicycle and parts, real estate leasing business and counter trade, accounting for 93.51%, 3.55% and 0.39% of revenue respectively.