LONGZHOU GROUP CO.(SZ:002682)2022-12-08 05:24Group 1: Passenger Transport Business - The company's passenger transport business is centered around scheduled bus services, which are operated in a corporate model [3] - The development of high-speed rail has caused some diversion of passenger traffic, but it has also increased overall passenger flow, benefiting the company's short-distance transport services [3] - The company has a strong market position in the Fujian Longyan and Nanping regions, which are key transportation hubs [3] Group 2: Freight Transport Business - The freight business operates under a public transport model, with the company purchasing and managing freight vehicles [3] - The company is enhancing its logistics network and developing modern logistics services through partnerships and acquisitions [3] - The goal is to build a comprehensive logistics center that integrates storage, transportation, processing, distribution, trade, information services, and value-added services [3] Group 3: Automotive Sales and Repair Services - The company has opened several new automotive 4S stores, leading to rapid revenue growth in this sector [4] - Initial profitability is affected by depreciation and amortization costs, but profitability is expected to improve as sales volume and market share increase [4] Group 4: Strategic Partnerships - The company is collaborating with China Energy Conservation and Environmental Protection Group to develop logistics nodes and enhance industry growth [4] - A joint venture with China National Offshore Oil Corporation is being established, with shareholding ratios of 51% and 49%, respectively, to reduce fuel costs and expand the oil and gas business [4] Group 5: Mergers and Acquisitions Strategy - The company plans to acquire 2-3 resource-rich freight or modern logistics companies to enhance its freight logistics capabilities [5] - The strategy aims to transition the freight business towards modern logistics to improve profitability and growth potential [5] Group 6: Long-term Development Goals - The company is focused on extending its industrial chain and achieving a multi-dimensional operational development goal [5] - Efforts are being made to improve management practices to ensure long-term, healthy, and stable growth [5]