The slump in the underfunded, eager to do large-scale Zhejiang Longsheng auto components company limited (hereinafter referred to as "Longsheng auto") plans to sell 19.338 million shares in Shenzhen Stock Exchange, first on the application Wednesday.
According to the prospectus disclosure related data, Longsheng auto still lingered in the low-end market, not only did not fully enjoy the Chinese Auto market jumped in previous years because of "dividend", more likely to be encountered in the automobile market cooled, as vehicle parts enterprises enterprises, level shifting focus of cost pressures.
In the vehicle market downturn, low-end universal premium parts enterprises under the background of weak, Longsheng auto landing can take capital market, in many and diverse scattered in the auto parts industry in China out of the siege, remaining questions.
Rush "ashore"
As a domestic in the low-end automotive products provide seating function-parts supplier, Longsheng auto in over more than 400 peer is running in the first echelon in fast forward.
From China car industrial association body annex Committee data display, last year, China car seat function pieces main production enterprise sales ranking in the, godlike car to 7 million pieces sales, and 6% of market share is located in Hubei in the airlines fine machine (19.25,-1.10,-5.41%) technology company limited (Xia said "in the airlines fine machine"), and Jiangsu Province liyang car seat adjusting angle device factory (Xia said "liyang adjusting angle device factory") zhihou, ranked third bit.ADD91 Automotive Professional Digital Multimeter
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