Photo: WHEELGIANT
Bicycle new stock king, Guimeng allocated dividends of 5 yuan
According to the Industry and Commerce Times on July 11th / the "new stock king" of bicycle stock Guimeng International (5306), made a big profit of 8.69 yuan per share last year. On June 22, the shareholders' meeting allocated 5 yuan dividends per share, including 4.5 yuan in cash and 0.5 yuan in stocks. Both the allocation rate and the yield rate have hit a record high. The stock price of
bicycle Sanxiong closed red on July 10, with Guimeng closing price reaching 141.5 yuan, surpassing Melida (9914) in one fell swoop 130.5 yuan and 126.5 yuan (9921) in one fell swoop, becoming the "new stock king" of the bicycle group.
is looking forward to overall operation this year. Wu Yingjin, chairman of Guimeng, said that under the bicycle chain repair market and mid-to-high-end market share will continue to increase; the locomotive parts business department, automobile timing system and garage door system and other business departments will also have new customers or new products added one after another, which is expected to bring growth momentum beyond mergers and acquisitions to Guimeng.
Wu Yingjin said that Guimeng's revenue growth last year mainly came from several aspects, including the continued increase in contributions from the European and American bicycle chain repair market; the demand for high-end sports and leisure vehicles in Europe and the United States has grown steadily with the development of electric bicycles; the mainland has created another new demand sector due to the rise of shared bicycles.
In addition, Guimeng's new automobile timing system and garage door system also contributed to profits. In addition, the business growth of the locomotive parts department and the continuous promotion of Guimeng Group's practical solutions, actively optimizing product portfolios, improving process, and rationalizing process, the positive benefits generated have driven Guimeng's net profit after tax reached 1.043 billion yuan last year, an annual increase of 22%.
Photo: WHEELGIANT
Giant light alloy, will strive to promote the listing of A shares
China Kunshan Giant Light Alloy Technology, a subsidiary of the giant group, and alloy materials and spare parts have entered the bicycle, locomotive and automobile markets. It can contribute to the parent company's RMB 50 million to 80 million in profits every year before tax. It is expected to deliver the items in the first quarter of 2019 and strive to list on the Shanghai A-share market, and have the opportunity to become the first bicycle manufacturer in Taiwan to be listed in China. Du Xiuzhen, chairman of
Giant (9921), said that Kunshan Jiante Light Alloy Technology has entered into automotive alloy spare parts, started mass production this year and has successfully entered the Audi automobile supply chain; even China's highest-end high-speed rail "Fuxing", which uses new alloy materials such as door frames, window frames, luggage racks, etc., all come from Kunshan Jiante Light Alloy Factory.
"In order to drink milk, we took a cow!" Du Xiuzhen said with a smile that Kunshan Giant Light Alloy Factory was originally set up to produce Giant bicycle frames. Unexpectedly, the better it will be. Now it is produced in one-stop production. Not only Giant uses it for its own use, it also manufactures frames, rims and other spare parts for many well-known European motorcycle brands; it also supplies bicycle manufacturers at medium and high prices in China.
Du Xiuzhen further stated that although Kunshan Giant's revenue and profits have grown steadily, light alloy factories are capital-intensive and technology-intensive industries. If they want to do a big scale, they will inevitably invest more funds. However, "there are so many subsidiaries, and each company cannot invest a lot of resources." In addition, the related transactions between Kunshan Giant Light Alloy and the parent company are less than 15%, and the company's operating scale is also moderate. Therefore, it promotes listing on the Shanghai A-share market, thereby obtaining public funds and enhancing the company's competitiveness.
Huge Group originally held 100% of Kunshan Jiante Light Alloy Technology, but its huge holdings dropped to 59% due to the acquisition of Kunshan Dingmatrix New Materials Company last year by absorbing and merging its subsidiary Juhan Technology and Kunshan Jiante Light Alloy Technology acquired Kunshan Dingmatrix New Materials Company. Kunshan Giant currently has a capital of NT$5 NT$61.58 billion. The chairman is Tu Jibing (Mr. Du Xiuzhen’s). His annual revenue in the past three years is about NT$4.5 billion, and his profits are quite stable.
Photo: Kunshan Jiante Light Alloy Technology Official Website
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