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Zhonglu Co., Ltd. (600818) Investment Highlights: 1. The company has a long history of engaging in bicycles and is one of the earliest bicycle manufacturers in China. Especially after the founding of the People's Republic of China, as the largest state-owned bicycle factory, it has made indelible contributions to the development of China's bicycle industry.
Permanent successively: "People's Republic of China National Quality Award", "one of the first batch of ten well-known trademarks", "China's bicycle industry top ten well-known brands", "national key new products", "Shanghai famous trademark", "China National Bicycle Team designated products", "Shanghai famous brand products", "China famous brand products", "the most competitive brand in the market", "consumer protection cup" and other numerous honors. 2. The company invested an additional RMB 10 million in Jiangsu Zhonglv Ecological Technology Co., Ltd., a holding subsidiary, to build a waste tire recycling resource project.
It is estimated that the annual processing capacity of waste tires is 20,000 tons, forming an annual production capacity of 9,000 tons of mixed oil, 7,500 tons of carbon black and 2,000 tons of steel wire; The investment will be recovered three years after full production. 3. The company's main business site is located at No. 818, Nanliu Highway, Nanhui District, Shanghai, covering an area of acres, of which acres are high-voltage line corridors and roadside land acquisition; The company's wholly-owned subsidiary, Shanghai Middle Road Industrial ****, is located at No. 888, Nanliu Road, Nanhui District, Shanghai, covering an area of acres. Negatives:
1. The industry in which the company is located is the traditional manufacturing industry, the industry entry threshold is low, the gross profit margin is not high, and the industry operation order is still relatively scattered. 2. The profitability of the company's main business is poor, and the profits mainly come from investment income, which is very unsustainable. Overall Evaluation:
The company has a long history of bicycles and is one of the earliest bicycle manufacturers in China. However, the entry threshold of the bicycle industry is low, and the gross profit margin is not high, which makes the profitability of the company's main business poor, and the profits mainly come from investment income, which is very unsustainable; It is advisable to stir-fry only for short periods. Oh.
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Waiting, waiting for Shanghai local stocks again, the sideways at this stage is mainly because the early profit is too large.
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It is preliminarily determined to be the issuance of shares to purchase assets and constitute a major asset restructuring. Given that there are significant inaccuracies in the matter.
Qualitatively, in order to ensure fair information disclosure, safeguard the interests of investors, and avoid abnormal fluctuations in the company's stock price, in accordance with the relevant provisions of the "Shanghai ** Stock Exchange ** Listing Rules", the company has been suspended since the market opened on October 19, 2017 after the company applied to the Shanghai ** Stock Exchange.
The company will determine whether to carry out the above-mentioned material events as soon as possible, and confirm and disclose the material events within 5 working days (including the day of suspension) from the date of suspension.
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