HL CORP(SZ:002105)2022-12-08 08:44Company Overview - Shenzhen Xinlong Industrial Co., Ltd. has over 40 years of development history, starting from bicycle parts production and sales, now operating in three main business segments: bicycle parts, sports fitness equipment, and rehabilitation equipment [2][3] - The bicycle parts business maintains a leading industry position, while the sports fitness and rehabilitation equipment segments are experiencing rapid growth [3] Business Strategy - The current sales revenue from sports fitness equipment and rehabilitation equipment accounts for approximately 30%, with a target to increase this to 50% in the future [3] - The company aims to leverage national policies favoring the sports industry to enhance business development [3] - Sales models primarily focus on OEM and ODM for exports, while domestic sales of sports fitness and rehabilitation equipment emphasize self-owned brands [3] Workforce and Operations - As of December 31, 2013, the total number of employees in the company and its main subsidiaries is 5,955, with 3,560 in the parent company and 2,395 in wholly-owned and controlled subsidiaries [4] Market Position - The global market share of the company's bicycle parts is approximately 20-25% [4] - The company has over 300 sales outlets for sports fitness equipment, which is sold directly to consumers [4] Future Initiatives - The company plans to adjust its product structure gradually to increase profit margins [4] - There are ongoing efforts to establish a "Rem Paradise" experience base for sports fitness equipment, with over 70 games available for users [5] - The company intends to start organizing events related to its products to gain experience before expanding the scale [5] Legal Matters - The company is currently involved in a significant lawsuit, with the litigation process just beginning and no expected outcomes available at this time [3]