SPEG(600679) 证券时报网·2024-12-08 11:00Core Viewpoint - A fire incident occurred at Tianjin Aisike, a wholly-owned subsidiary of Shanghai Phoenix, on December 7, 2023, but it did not result in any casualties and is not expected to significantly impact the delivery of existing orders [1][2]. Group 1: Incident Details - The fire broke out at approximately 14:47 on December 7, affecting parts of the warehouse and factory of Tianjin Aisike [1]. - The company activated its emergency plan, and the fire was brought under control and extinguished with the help of local fire departments [1]. - The specific cause of the fire and the extent of property damage are currently under investigation [1]. Group 2: Company Overview - Tianjin Aisike, acquired by Shanghai Phoenix in 2020, operates in the bicycle industry and has a manufacturing area of over 50,000 square meters with more than 1,000 technical and management personnel [2]. - In 2023, Tianjin Aisike generated revenue of 536 million yuan, accounting for nearly 31% of Shanghai Phoenix's total revenue [2]. - The total production capacity of Tianjin Aisike is 1 million bicycles, representing 14% of Shanghai Phoenix's total capacity [2]. Group 3: Financial Performance - In 2023, Tianjin Aisike achieved a net profit attributable to the parent company of 40.54 million yuan, while Shanghai Phoenix's net profit for the same period was 45.29 million yuan [2]. - Tianjin Aisike exceeded its performance commitments for the years 2020 to 2022, achieving a total profit that surpassed the promised amount by 306.71 million yuan [3]. Group 4: Impact on Operations - Shanghai Phoenix stated that the fire incident would not significantly affect the overall order delivery for 2024, as other subsidiaries are operating normally [2]. - The company has sufficient excess capacity at its subsidiary Tianjin Tianren, which can fully cover the order demands of Tianjin Aisike [3]. - Shanghai Phoenix will cooperate with relevant departments to investigate the incident and enhance safety management across its subsidiaries to prevent future occurrences [3].