HL CORP(SZ:002105)2022-12-05 01:04Group 1: Company Overview and Partnerships - Shenzhen Xinlong Health Industry Development Co., Ltd. collaborates with companies such as Mobike, ofo, Xiaoming, and Xiaolan, providing components like handlebars, seat tubes, and front forks [2] - The company also supplies components to Foxconn under the arrangement with Mobike [3] Group 2: Market Trends and Financial Performance - The growth of shared bicycles has shown a significant slowdown, indicating a saturation in some cities, which may impact related businesses [2] - In August, Tianjin Xinlong is expected to break even, while Taicang Xinlong has already achieved profitability in the first half of the year [3] Group 3: Production and Environmental Concerns - Current production capacity, output, and order volume are well-matched, indicating no immediate capacity constraints [4] - Main pollution sources from bicycle production include chemicals used in painting and surface treatment, as well as water management [4] Group 4: Future Developments and Challenges - The construction of the Longhua office building has not yet begun due to ongoing negotiations and government approvals, with an estimated completion time of three and a half years [4] - Rising raw material prices have had a negative impact, with price adjustments to customers experiencing a time lag [4] - The Rem Park has not met the company's initial profitability targets and has ceased operations as of May this year due to slow customer accumulation [4] Group 5: Product Development Focus - The company plans to invest more in the development and production of winter sports equipment, while maintaining a stable business in rehabilitation equipment [5] - Future efforts will focus on establishing a self-owned brand (OBM) system in the rehabilitation equipment sector, alongside OEM and ODM production [5]