It is clearly pointed out in the recent announcement of Shenglong Co., Ltd. that although the company does have business dealings with Huawei's partner Cyrus, this business has little contribution to the company's overall revenue. In the periodic report, the company disclosed that it provided Tianhong with electronic oil pumps and other products through Qingshan Industry and Chongqing Xiaokang, and obtained designated projects.
For a company like Shenglong, investors should pay more attention to its main business and future growth potential, instead of being too obsessed with the weak ties with Huawei. In the capital market, information is a sharp weapon for investors, but it may also become a misleading trap. Investors should have their own independent judgment and not be influenced by the noise of the market, so as to make wise investment decisions.
Ningbo Shenglong Automobile Power System Co., Ltd.
Ningbo Shenglong Automobile Power System Co., Ltd. was established in 1996. As an industry leader specializing in the production and sales of automobile engine lubrication system and parts of intake and exhaust system, after 16 years' development, it has become a first-class supplier of many global automobile mainframes and advanced automobile powertrain parts manufacturers such as Ford, GM, BMW, Volkswagen, Borgwarner, jiangling motors, Chery Automobile, Great Wall Automobile and Jianghuai Automobile.
It is a national high-tech enterprise, a national automobile parts export base enterprise, a leading science and technology enterprise in Zhejiang Province, a patent demonstration enterprise in Ningbo, a famous brand product enterprise in Ningbo, and a second-class national safety production standard unit. On September 5, 2020, 19 won the quality award of Zhejiang Provincial People's Government.
Reference to the above content: Baidu Encyclopedia-Ningbo Shenglong Automobile Power System Co., Ltd.