Photo: WHEELGIANT
King of new bicycle stocks, Guimeng issued a dividend of 5 yuan
According to the Business Times news on July 11 / the "king of new shares" of bicycle stocks Guimeng International (5306), made a huge profit of 8.69 yuan per share last year, June 22 The shareholders' meeting distributed a dividend of 5 yuan per share, including 4.5 yuan in cash and 0.5 yuan in stocks. Both the distribution rate and the yield rate hit a record high. The shares of
Bicycle Sanxiong all closed in red on July 10, among which the closing price of Guimeng stood at 141.5 yuan, surpassing Merida (9914) at 130.5 yuan and Huge (9921) at 126.5 yuan, becoming the "new stock king" of the bicycle group .
Looking forward to the overall operation of this year, Guimeng Chairman Wu Yingjin said that the market share in the bicycle chain repair market and the mid-to-high-end market will continue to increase; the motorcycle parts business department, automobile timing system and garage door system business department will also be established successively. Driven by the addition of new customers or new products, it is expected that Guimeng will begin to bring growth momentum other than mergers and acquisitions.
Wu Yingjin said that the growth of Guimeng’s revenue last year mainly came from several aspects, including the continuous increase in the contribution of the European and American bicycle chain repair markets; the demand for high-end sports and recreational vehicles in Europe and the United States has grown steadily with the development of electric bicycles; Due to the rise of shared bicycles, another new demand sector has been created.
In addition, Guimeng's newly added automobile timing system and garage door system also contributed to profits. In addition, the business growth of the locomotive parts department, Guimeng Group's continuous advancement of lean solutions, and active efforts in product portfolio optimization, process improvement, process rationalization, etc. The positive benefits generated have driven the after-tax net profit of Guimeng to 1.043 billion yuan last year, an annual increase of 22%.
Photo: WHEELGIANT
Giant light alloy, to fight for next year A shares listing
China Kunshan Giant Light Alloy Technology, a subsidiary of Huge Group, alloy material parts have entered the bicycle, motorcycle and automobile markets, and can contribute RMB 5,000 to 8,000 to the parent company every year before tax million profits. Huge expects to be listed on the Shanghai A-share market in the first quarter of 2019, and has the opportunity to become the first bicycle manufacturer in Taiwan to be listed in China. Du Xiuzhen, chairman of
Huge (9921), said that Kunshan Giant Light Alloy Technology has stepped into automotive alloy parts, started mass production this year and has successfully entered the Audi car supply chain; even China's most high-end high-speed rail "Fuxing" Door frames, window frames, luggage racks and other parts using new alloy materials are all from Kunshan Giant Light Alloy Factory.
"In order to drink milk, we brought a cow!" Du Xiuzhen said with a smile. The Kunshan Giant Light Alloy Factory was originally set up to produce Giant bicycle frames. For its own use, Giant also manufactures spare parts such as frames and rims for many well-known European motorcycle brands; at the same time, it also supplies medium and high-priced bicycle manufacturers in China.
Du Xiuzhen further stated that although Kunshan Giant’s revenue and profits are growing steadily, light alloy factories are capital-intensive and technology-intensive industries. It is impossible for each company to invest a large amount of resources", and Kunshan Giant Light Alloy has less than 15% of related party transactions with its parent company, and the company's operating scale is also moderate. Therefore, it is promoting the listing of A shares in Shanghai to obtain public funds and enhance the company's competition. force.
Huge Group originally held 100% of Kunshan Giant Light Alloy Technology, but last year it absorbed and merged its subsidiary Juhan Technology, and Kunshan Giant Light Alloy Technology acquired Kunshan Dingmei New Material Company, so Huge’s shareholding dropped to 59%. The current capital of Kunshan Giant is NT$1.58 billion, and the chairman is Tu Jibing (Mr. Du Xiuzhen). In the past three years, the annual revenue has been about NT$4.5 billion, and the profit is quite stable.
Photo: Kunshan Giant Light Alloy Technology official website
If you want to know the dynamics of the professional bicycle market, please also pay attention to the WeChat public account ID: BikeUpdate of "Lunyan Bicycle News".
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