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Shenzhen China Bicycle (Group) Co., Ltd. (000017)
Shenzhen China Bicycle (Group) Co., Ltd. was formerly China Bicycle Co., Ltd. It started the stock system reorganization since 1991, and converted part of the net assets of the sponsor into 143085900 corporate shares. From December of the same year to march of the next year, the public shares and foreign capital shares were issued for the first time, and the total shares were 2013859 million when the market was launched; and the employees' shares were listed and traded on June 20th, 1994.
Review of business situation
1. Overall operation of main business in the reporting period
In 2009, the company faced the strong impact of the world financial crisis on domestic consumption market. A large number of foreign-oriented production enterprises turned to domestic market, and the complex market environment of bicycle and electric vehicle market was mainly used for price war. All the staff of the company's management team led all staff guided by the correct decision-making of the board of directors, centering on the development of bicycle main industry and human resources The work on resource integration, legal proceedings, debt restructuring and equity split reform has been carried out. Through the efforts of all staff, the management objectives issued by the board of directors at the beginning of the year have been successfully completed. From January to December 2009, the company realized operating income of RMB 26.9081 million in the whole year, and the net profit was RMB 1057575000.
(1) Main electric vehicles, bicycle business. In 2009, in order to further adapt to the changes of market environment, actively adjust the business strategy and product structure, adopt various business strategies, strengthen network construction and after-sales service, improve service system, and increase product research and development, reasonably layout production base and other business strategies, strive to develop business, vigorously expand the main business of electric bicycle, and realize the main business sales throughout the year The income is RMB 250.5148 million.
(2) Property leasing and property management business. The company has made full use of the existing property, cleaned up a large number of abnormal occupied properties, expanded the rental area by various ways, realized the total rental revenue of 9.65 million yuan in the whole year, recovered the rent of RMB 1.09 million yuan in arrears. Through the reasonable layout of the site and the integration of the headquarters production base, the workshop of Longhua production base can be rented for nearly 50000 square meters. Various measures are being taken to clean up the stock of materials to ensure the maximum external leasing in 2010 and improve the cash flow and economic benefits of the company.
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