The relationship between Shenglong and Huawei is that of mutual partners.
A recent announcement by Shenglong Holdings clearly stated that although the company does have business dealings with Huawei's partner Cyrus, this business contributes very little to the company's overall revenue. The company disclosed in its regular reports that the company supplied electronic oil pumps and other products to Thalys through Qingshan Industrial, Chongqing Xiaokang, etc., and obtained project designation.
For a company like Shenglong, investors should pay more attention to its main business and future growth potential, rather than being too obsessed with this weak connection with Huawei. In the capital market, information is a weapon for investors, but it can also become a misleading trap. Investors should have their own independent judgment and not be swayed by the noise of the market, so as to make wise investment decisions.
Ningbo Shenglong Automotive Power System Co., Ltd.
Ningbo Shenglong Automotive Power System Co., Ltd. was established in 1996. As an industry leader specializing in the production and sales of automobile engine lubrication systems and intake and exhaust system components, after 16 years of development, it has become a leading company in the industry such as Ford, General Motors, BMW, Volkswagen, BorgWarner, Jiangling Motors, Chery Automobile, Great Wall Motors, JAC It is a first-tier supplier to many global and domestic automobile main engine and advanced automobile power system component manufacturers such as automobiles.
It is a national high-tech enterprise, a national auto parts export base enterprise, a leading science and technology enterprise in Zhejiang Province, a patent demonstration enterprise in Ningbo City, a famous brand product enterprise in Ningbo City, and a national second-level safety production standard unit. On September 15, 2020, it won the 2019 Zhejiang Provincial People's Government Quality Award.
Reference for the above content: Baidu Encyclopedia—Ningbo Shenglong Automotive Power System Co., Ltd.