Company status of Shenzhen Zhongheng Fahua Co., Ltd.

Short name of current securities: ST Fahua A.

Securities code: 000020.

The circulating share capital is 56.23 million shares.

In 2003 1 quarter, the earnings per share was 0.002 yuan and the net assets per share were 1.04 yuan. The company is a veteran local stock in Shenzhen, mainly engaged in the production and sales of electronic products such as color TV sets, printed circuit boards and injection molded parts. Due to the fierce market competition in the home appliance industry, the product profit space is constantly compressed, and the company's main business is not prominent, which makes the company's main business and leading products lack competitiveness, resulting in the company's operating performance has been in a state of low profit. 200 1 After China officially joined the WTO, Shenzhen officially launched a new round of state-owned enterprise reform plan to meet the challenge of joining the WTO and further strengthen the quality of local listed companies. As a listed company in general competitive industries, Shenhuafa is a clean shell resource, although it lacks growth. It does not need debt restructuring, but only needs to implement a certain scale of asset replacement or conversion, which is expected to glow with new vitality after strengthening its main business.