格隆汇1月29日｜上海凤凰（维权）公告，预计2025年度实现归属于上市公司股东的净利润为1.2亿元左 右，上年同期为亏损1.39亿元。报告期内，公司聚焦主营业务发展，积极优化业务结构，持续加强市场 开拓，优化生产运营效率，严控成本费用，报告期内，公司主营业务收入稳步增长，盈利能力不断提 升，为公司扭亏为盈奠定了坚实基础。 ...

证券代码：600679 900916 股票简称：上海凤凰 凤凰 B 股 编号：2026-001 上海凤凰企业（集团）股份有限公司 关于 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： ●本期业绩预告适用于净利润实现扭亏为盈的情形。 ●上海凤凰企业（集团）股份有限公司（以下简称公司）预计 2025 年度实现 归属于上市公司股东的净利润为 12,000.00 万元左右。 二、 上年同期业绩和财务状况 ●公司预计 2025 年度归属于上市公司股东扣除非经常损益后的净利润为 6,200.00 万元左右。 一、 本期业绩预告情况 （一） 业绩预告期间 2025年 1 月 1 日至 2025年 12 月 31 日 （二） 业绩预告情况 1．经财务部门初步测算，预计2025年度实现归属于上市公司股东的净利润与 上年同期相比，将出现盈利，2025年度预计实现归属于上市公司股东的净利润为 12,000.00万元左右。 2.2025年度公司实现归属于上市公司股东的扣除非经常性损益的净利润为 6,20 ...

Core Viewpoint - The company Shanghai Phoenix expects to achieve a net profit of approximately 120 million yuan for the fiscal year 2025, marking a turnaround from a loss of 139.09 million yuan in the same period last year [1] Financial Performance - The expected net profit attributable to shareholders is around 120 million yuan, compared to a loss of 139.09 million yuan in the previous year [1] - The expected non-recurring net profit is approximately 62 million yuan, improving from a loss of 63.52 million yuan in the same period last year [1] Business Strategy - The anticipated profit increase is primarily due to a focus on core business operations and optimization of the business structure, leading to growth in main business revenue [1] - The company did not experience any fire incidents in the current reporting period, which had previously impacted performance in 2024 [1] - The company received insurance compensation of 51.41 million yuan, contributing positively to the financial outlook [1]

Group 1 - The motorcycle and other sectors experienced a slight increase of 0.1% on January 27, with Longxin General leading the gains [1] - The Shanghai Composite Index closed at 4139.9, up by 0.18%, while the Shenzhen Component Index closed at 14329.91, up by 0.09% [1] - Key stocks in the motorcycle sector showed varied performance, with Jiangti General rising by 3.23% and Xinlong Health increasing by 0.83% [1] Group 2 - The motorcycle and other sectors saw a net outflow of 20.82 million yuan from main funds, while retail investors contributed a net inflow of 3.25 million yuan [2] - Among individual stocks, Chuncheng Power had a significant net inflow of 28.71 million yuan from main funds, while Xinri Co. experienced a net outflow of 33.22 million yuan from retail investors [3] - The overall trading volume and turnover in the motorcycle sector reflected mixed investor sentiment, with some stocks like Chuncheng Power and Xinlong Health attracting positive attention [3]

Core Viewpoint - The global electric assist bicycle market is rapidly growing due to government subsidies and policies aimed at reducing carbon emissions and promoting green transportation, with a projected market size of $32.95 billion in 2024, reflecting a 0.6% year-on-year growth [2]. Overview - Electric assist bicycles, also known as e-bikes, are a new type of transportation that primarily relies on human power, supplemented by electric motors and batteries [2]. - According to the National Bureau of Statistics, electric assist bicycles fall under the category of "C manufacturing" [2]. Market Policy - China has integrated electric assist bicycles into its "dual carbon" and green transportation frameworks, issuing various policies to support and regulate the industry, creating a favorable environment for development [13]. - Key policies include the "14th Five-Year Plan for National Economic and Social Development" and the "Guidance on the Development of the Electric Bicycle Industry during the 14th Five-Year Plan" [13][14]. Industry Entry Barriers - The electric assist bicycle industry has high entry barriers due to the need for comprehensive supply chain management capabilities, which require long-term operational experience to develop [8]. - Established manufacturers can efficiently integrate product design, material procurement, production, quality control, logistics, and after-sales service, making it difficult for new entrants to compete [8]. Industry Chain - The upstream of the electric assist bicycle industry includes suppliers of raw materials like steel, aluminum, and carbon fiber, as well as energy system suppliers such as lithium batteries and core components like motors and controllers [15]. - The midstream consists of electric assist bicycle manufacturers, while the downstream includes retail stores, distributors, e-commerce platforms, and end consumers [15].

Group 1 - The motorcycle and other sectors experienced a decline of 1.89% on January 20, with Zhenghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Major stocks in the motorcycle sector showed mixed performance, with Aima Technology up by 1.50% and Zhenghe Industrial down by 4.16% [1][2] Group 2 - The net outflow of main funds in the motorcycle and other sectors was 182 million yuan, while retail investors saw a net inflow of 126 million yuan [2] - The table of fund flows indicates that XD Longxin Tong had a main fund net inflow of 17.44 million yuan, while Shanghai Phoenix had a net inflow of 5.63 million yuan [3] - Retail investors showed a positive net inflow in several stocks, including New Day Co. with a net inflow of 463.27 million yuan [3]

Core Insights - The global electric assist bicycle market is rapidly growing, with a projected market size of $32.95 billion in 2024, reflecting a year-on-year growth of 0.6% [1][10]. Industry Overview - Electric assist bicycles, also known as e-bikes, are a new type of transportation that primarily relies on human power, supplemented by electric motors and batteries [2]. - The industry is characterized by various types of electric assist bicycles, including torque sensor assist, speed sensor assist, and manual assist types, as well as different motor and battery configurations [4]. Market Policies - The Chinese government has integrated electric assist bicycles into its "dual carbon" and green travel initiatives, issuing multiple policies to support and regulate the industry, creating a favorable environment for growth [7]. Industry Chain - The supply chain for electric assist bicycles includes upstream raw material suppliers, energy system providers, and core component manufacturers, with a growing demand driven by supportive policies and a shift towards green transportation [9]. Development Status - The electric assist bicycle market is experiencing significant growth globally, with both mature and emerging markets showing increased demand, particularly in response to climate change and urban transportation challenges [5][10]. Competitive Landscape - The market consists of brand operators and ODM/JDM/OEM manufacturers, with notable players including Accell Group, Pon, and domestic companies like Jiuqi Co., Ltd. and Tianjin Fujisawa [11][12]. - Jiuqi Co., Ltd. reported a revenue of 1.56 billion yuan from electric assist bicycles in the first half of 2025, accounting for 10.43% of its total revenue [11]. Development Trends - Future growth will be driven by policy support, technological innovations in battery and motor systems, and the expansion of application scenarios beyond commuting to include leisure and delivery services [13][14][16]. - The industry is expected to shift towards a dual focus on manufacturing and brand development, enhancing international competitiveness and establishing a more robust global supply chain [16].

Market Overview - The motorcycle and other sectors experienced a decline of 0.44% on the trading day, with Taotao Industry leading the drop [1] - The Shanghai Composite Index closed at 4165.29, up by 1.09%, while the Shenzhen Component Index closed at 14366.91, up by 1.75% [1] Stock Performance - Notable gainers in the motorcycle sector included: - Xinday Co., Ltd. (603787) with a closing price of 13.78, up by 3.30% [1] - Xinlong Health (002105) with a closing price of 7.58, up by 2.85% [1] - Linhai Co., Ltd. (600099) with a closing price of 10.61, up by 1.53% [1] - Taotao Industry (301345) saw a significant decline, closing at 233.00, down by 7.09% [2] Trading Volume and Capital Flow - The motorcycle and other sectors experienced a net outflow of 151 million yuan from main funds, while retail investors saw a net inflow of 145 million yuan [2] - The trading volume for Taotao Industry was 28,500 shares, with a total transaction value of 66.6 million yuan [2] Capital Inflow Analysis - Main funds showed a net inflow of 15.83 million yuan for Taotao Industry, but retail investors had a net outflow of 118,220 yuan [3] - Spring Wind Power (603129) had a net inflow of 13.14 million yuan from main funds, while retail investors experienced a net outflow of 1.17 million yuan [3] - Linhai Co., Ltd. (600099) had a net outflow of 2.21 million yuan from main funds, but a net inflow of 1.28 million yuan from retail investors [3]

Group 1 - The motorcycle and other sectors saw an increase of 1.54% on the trading day, with Qianli Technology leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] - Qianli Technology's stock price rose by 7.64% to 11.41, with a trading volume of 797,200 shares and a transaction value of 885 million yuan [1] Group 2 - The motorcycle and other sectors experienced a net inflow of 59.696 million yuan from main funds, while retail investors contributed a net inflow of 33.2279 million yuan [2] - The main funds showed a significant net inflow in Qianli Technology, amounting to 89.1187 million yuan, while retail and speculative funds had net outflows [3] - Other companies like Taotao Industry and Xunfeng Power saw declines in their stock prices, with Taotao Industry down 5.32% to 243.90 [2][3]

Core Viewpoint - Shanghai Phoenix Enterprise (Group) Co., Ltd. has announced changes in its designated media for information disclosure and has approved an increase in the expected amount of daily related transactions for 2025, as well as a plan for related transactions in the first quarter of 2026 [1][21][9]. Group 1: Information Disclosure Changes - The company will change its designated media for information disclosure from "Hong Kong Commercial Daily" to only "China Securities Journal" and "Shanghai Securities Journal" starting January 1, 2026 [1]. - All publicly disclosed information will be based on the content published in the specified media and the Shanghai Stock Exchange website [1]. Group 2: Board Meeting Resolutions - The company's board of directors held its seventh meeting on December 29, 2025, where it approved the increase of the expected amount for daily related transactions for 2025 by CNY 11.3584 million [3][21]. - The board also approved the daily related transaction plan for the first quarter of 2026 [5][9]. Group 3: Related Transactions Details - The total expected amount for daily related transactions for 2025 is now CNY 137.1583 million after the increase [21][24]. - The related transactions primarily involve purchasing goods and leasing properties from related parties [24][23]. Group 4: Related Parties - Key related parties include Jiangsu Meile Bicycle Ring Co., Ltd., Jiangsu Meile Investment Co., Ltd., and Jiangsu Meile Chain Ring Co., Ltd., all of which have significant business operations related to the company's activities [9][26][27]. - The company maintains that these transactions are based on fair market prices and are essential for operational efficiency [30][31]. Group 5: Impact on Company - The expected daily related transactions are deemed necessary for the company's production and operational needs, helping to utilize existing resources effectively and reduce production costs [34][23]. - The company asserts that these transactions will not affect its independence or harm the interests of shareholders [34][19].