HBFX(SZ:000926)2024-08-15 08:05Company Overview - Fuxing Co., Ltd. was established in June 1993 and listed on the Shenzhen Stock Exchange in June 1999 [2] - The company has transitioned from conventional metal products to high-end products, including steel cord for radial tires, steel wire, and steel ropes, becoming a major manufacturing base in China [2] - Fuxing Group Holdings Co., Ltd. is the controlling shareholder, holding a 20.56% stake, and has diversified investments in biomedicine, high-end food additives, modern agriculture, logistics, and private education [2] Real Estate Business - Fuxing's real estate business focuses on urban renewal and "village in the city" transformation, being one of the earliest listed companies in this field [3] - The company has invested over 100 billion yuan in urban renewal, completing over 20 million square meters of redevelopment [3] - Key advantages include early identification of prime urban locations, tailored development plans, and projects that generally yield better returns than standard land projects [3] Recent Industry Policies and Company Initiatives - In May 2024, Wuhan introduced measures to optimize the real estate market, marking the most lenient period for policies, which is expected to boost market recovery [3] - Several projects have been included in the whitelist plan, positively impacting future development and sales [3] - The "Fuxing Huiyu · Boya Mansion" project, with a total construction area of approximately 480,000 square meters, is set to launch pre-sales around the National Day holiday [3] Future Transformation and Development Direction - In response to the overall downturn in the real estate market, Fuxing is exploring new business avenues to seek a second growth curve [3] - The company plans to establish a transformation fund with Ronghan Gongjin, investing in sectors such as biomedicine, artificial intelligence, new energy, and new materials [3]