Recently, the strong rebound in oversold stocks has become a beautiful landscape in the down market. Under the premise that the fundamentals are not bad, the irrational component of the stock price has dropped sharply, and when the stock price has seriously deviated from the main cost region, the rebound of its value will be triggered. Digging deep into the stocks with outstanding fundamentals and severe stock price overdrafts has become the key to the profitability of the weak market. Changli Shares 600507 (related, market) (600507) is a stock that deserves special attention.
The company is the largest manufacturer of automobile leaf springs in Jiangxi Province and the largest independent automobile spring manufacturer except FAW and FAW. Its industry position is very prominent. Its flagship product, automotive leaf springs, has reached the international advanced level, and the production and sales rate has remained at 100% level. At present, the company has a one-stop production line formed from smelting-rolling-leaf springs, with over 300 kinds of product specifications, mainly supporting trucks, light trucks, mini-vehicles and high-grade light passenger vehicles. It is the most complete manufacturer in China. One, and passed the QS9000/ISO9002 quality system certification.
The company has established a good cooperative relationship with famous automobile manufacturers such as JMC, Changhe, Southeast, Yutong, Second Automobile, and FAW. The third quarter report shows that under the boost of the rapid development of the automotive industry, the company’s performance has grown rapidly, and its main business revenue has increased by 36.83% year-on-year. What is particularly noteworthy is that the company's product prices have been steadily increasing, and the gross profit margin has increased significantly from 14.80%. Increased to 43.17%. As the automotive industry continues to rise, its future performance is expected to grow rapidly.
At the same time, the company will invest 85% of the funds raised after listing to the auto suspension system parts production line. It will also add new products such as automobile twist bars and stabilizer bars, automobile springs, and automobile shock absorbers. The total investment of the project is 297,531,300 yuan. After all projects are completed and production is completed, the normal production year will realize sales revenue of 537,145,600 yuan and profit of 70,753 yuan. Due to the large potential of investment projects and the relatively short production period, with the gradual completion and production of raised capital projects, the company's production scale will further expand, and its main business revenue will further increase, and its future earnings prospects will be very broad.
At the initial stage of the listing of the stock market, there was a clear involvement of the stock market, which was recently dragged down by new stocks and hit a new low on the market. However, the continued shrinking volume indicates that the main force still lingers. At present, its oversold stock price clearly deviates from the good fundamentals. Within the stock is expected to stabilize with Changjiang to set off a wave of retaliatory rebound, can focus on.