Tricyclic shares: Nearly heavy-duty trucks occupy the mid-to-high end of the automobile dashboard


Recent strong stocks such as aviation, non-ferrous metals, and coal all have the tendency to accelerate recovery. At the same time, property stocks continued to fall because of the impact of policies (upgrade of second mortgage loan rate, increase of down payment to 40%, etc.). The market participation is relatively high, which poses a great threat to market psychology. Judging from the market performance, cement, wine, equity financing and other sectors are more active. The market continued to shrink at a high level, making the market cautious and aggravating, and the proliferation of blue-chip sector adjustments also put pressure on the market. From a strategic point of view, it is advisable to pay attention to the current stocks that have a good trend and have assets injected into the forecast, including the central SOEs, as well as local state-controlled listed companies and private listed companies such as Sanhuan.

Sanhuan Group (000883): The company is China's largest CNC forging machine tool manufacturing company. It has cooperated with Belgian LVD company, Germany Hansshoen company, USA STRIPPIT company and other international top machine tool industry giants, and has repeatedly been rated as "China's machinery industry most A core competitive company." The company exported 6,000 tons of large CNC bending machines in Mexico to create the largest number of domestic and foreign; HFZP series of fine punching machines for the mass production of traditional craft cars, drilling, milling, grinding and other processing of board components, whether it is continuous mode The use of continuous compound molds can ensure the high degree of uniformity of the dimensional accuracy of the entire batch of parts. It is a well-deserved leader in the forging and press machine industry in China.

In the previous few years, Sanhuan Automobile Co., Ltd. had gradually withstood several types of auto parts that had relatively high production costs and low returns, in view of the fierce competition in the auto market and the low prosperity of the industry. The company mainly retains heavy-duty trucks and forging presses. The company's special-purpose vehicles have been increased from the original 230 varieties to more than 330 varieties. The market share of heavy-duty trucks in the western market is quite high, and the adjustment of industrial structure is beneficial to the company. With the increase in profitability, the company’s special-purpose vehicle revenue reached 820 million in the whole of last year, and it reached 710 million in the first half of this year. The growth momentum is quite obvious. In order to integrate the company’s existing special vehicle-related assets, improve the company’s asset quality, achieve the company’s strategic goals for the development of special vehicles, and also to avoid competition with the industry, the company’s annual general meeting of shareholders reviewed and approved the company’s acquisition of Sanhuan Group on April 28, 2007. The wholly-owned subsidiary Wuhan Sanhuan Special Purpose Vehicle Co., Ltd., once the acquisition is completed, the company's special vehicle scale and profitability will be significantly improved.

The company's holding subsidiary, Wuhan Feiya Automotive Engineering Plastics Co., Ltd., is mainly engaged in the production and operation of auto interior and exterior plastic parts such as automobile dashboards, sound insulation mats, and door panels. It has first-rate independent research and development capabilities and internationally advanced technical equipment. It is Dongfeng and Shenlong. , Chery, Nanqi, and other host vehicle manufacturers fixed plastic one of the supporting points. In order to enter the mid-to-high end market of automobile dashboards, in August 2006, Feiya decided to invest more than 30 million yuan to bring in slush plastic production lines, plastic molds and other equipment from Germany. At present, the project has been fully completed and put into production. So far, Feiya Company not only has the production capacity of middle and low-grade rigid injection instrument panel and composite instrument panel, but also has the process capability and manufacturing capability of mid- to high-grade slush foam belt seamless airbag dashboard. In the middle of China, there is a blank in the field of high-grade plastic mold panels.

The majority shareholder Sanhuan Group is a large-scale enterprise in Hubei province, with a total assets of 8 billion yuan. It is engaged in the production and operation of mechanical and electronic products, auto parts, and special-purpose vehicles. The strength is very strong. Sanhuan Group disclosed in its 2006 annual report that it will strive to acquire the high-quality assets of the majority shareholder Sanhuan Group into the shares of Sanhuan through private placement or acquisition. In the secondary market, the stock has maintained a complete uptrend channel since the end of June, and the stock has only declined slightly in the background of the broader market crash on Wednesday, showing strong support for the uptrend channel. It is recommended that investors focus on the issue.



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