HBFX(000926)2024-07-11 03:28Company Overview - Fuxing Co., Ltd. was established in June 1993 and listed on the Shenzhen Stock Exchange in June 1999, focusing on product innovation and industrial transformation [1] - The company has diversified into real estate since 2001 and has become a leading player in urban renewal projects in Hubei Province, with a dual-driven development model combining real estate and metal products [1] Real Estate Business - Fuxing Co. is one of the earliest listed companies to enter the "three old" renovation field, accumulating over 1,000 billion yuan in urban renewal investment and completing over 20 million square meters of renovation [3] - The company has a strong project portfolio in key urban areas, enhancing its risk resistance and cash flow through large-scale developments [3] Recent Industry Policies - In May 2024, Wuhan introduced measures to optimize the real estate market, leading to an 8.9% month-on-month and 18.2% year-on-year increase in transaction volume in June [3] - The company is launching key projects like "Fuxing Huiyu · Boya Mansion" and "Fuxing Huiyu · Chenjing," which are positioned in prime locations and cater to high-end residential needs [3] Future Development Directions - In response to the national "3060 carbon peak and carbon neutrality" strategy, Fuxing Co. is exploring new business avenues, particularly in the dual-carbon market [3] - The company plans to establish a transformation fund to invest in sectors such as biomedicine, artificial intelligence, new energy, and new materials, aligning with its strategic goals for industry upgrade and transformation [3]