On November 8, 2016, the water sports industry development plan was released, marking that China's water sports industry was officially included in the national strategic development plan. As a leading enterprise in the whole industry chain of marine diving equipment, CSL is expected to benefit significantly!
The company has developed into a whole industrial chain group enterprise integrating upstream raw material development, product research and development, production and sales, and is a leading enterprise in the field of diving equipment industry in China. 65% of our products are exported to nearly 60 countries and regions in Europe, America and Asia.
In 2017, the company developed a strategy for the development of the "one belt and one road" strategy in Philippines, and set up a company in West Asia, a subsidiary of Limited by Share Ltd, to set up the company of "West Asia". On the one hand, it used the multi-point layout of "overseas investment + linked sales", and promoted overseas sales by diving with overseas investment. Tap market potential, improve service quality and market response speed by setting up sales service center.
On July 2, 2018, the company received the notice on the completion of the implementation of the share increase plan issued by Shenzhen Jumeng. It was learned that Shenzhen Jumeng has increased its holding of 2.04 million shares of the company by bulk trading and centralized bidding, accounting for about 1.19% of the company's total share capital, with an increase amount of 30 million yuan. The increase plan has been implemented.
Private issuance of 260 million to build a diving base in the Philippines
The company is actively implementing the "one belt and one way" strategy. Philippines is an important node of the Southeast Asian part of the "maritime Silk Road" in twenty-first Century. Under the background of the deepening ties between China and Philippines, China will continue to invest more in Philippines. Southeast Asia is one of the most extensive areas for diving, surfing and fishing and hunting activities in the world. There is a strong demand for diving equipment. Compared with the European and American markets, the company's expansion in Southeast Asia needs to be strengthened. Southeast Asia and other developing countries have a large number of cheap labor, which has a natural attraction for labor-intensive industries; secondly, the foreign trade industry with high export dependence can be transferred to countries with export free zones, which can achieve reasonable tax avoidance; finally, the Philippines is a pure Island City in Southeast Asia, with mature and developed diving movement and market. The implementation of this project is expected to play a greater driving role in the company's revenue and performance.
Actively implement the "endogenous + denotative" business strategy
The company adheres to the business policy of "endogenous growth" and "extension development", focuses on optimizing the overall layout of the industry, takes the existing industrial structure and industrial chain as the goal, relies on the company's brand, technology, capital and management advantages, actively looks for the target M & A opportunities with better profitability and growth, and constantly improves the company's capital Operational vitality and quality.
In January 2017, in order to actively promote the layout and development of Listed Companies in the field of diving equipment, it is proposed to issue shares to acquire 100% of Baole robot's equity, with a total consideration of 1.02 billion yuan. Because the company and the counterparty fail to reach an agreement on the relevant matters of this major asset restructuring through consultation, the transaction is difficult to continue and agree to terminate the transaction.
In July 2018, the company announced that it plans to acquire 100% equity of Foshan quark brothers Technology Co., Ltd. the target company is mainly engaged in the research and development, production and sales of hovercraft; at last, no agreement was reached on specific cooperation matters and no specific formal cooperation agreement was signed. The intention of this equity acquisition shall be terminated after the negotiation and decision of all parties involved in the transaction.
In August 2018, the company plans to purchase azure sports at a cash price of RMB 190 million; on December 14, 2018, the company completed the industrial and commercial change registration, and thus became a wholly-owned subsidiary of azure sports.
The stock price has the conditions to strengthen in the medium term
The above two figures are the daily and weekly trend of the company. From the two figures, it can be clearly seen that the company's stock price has experienced a long time of full bottom grinding trend after a long and sharp fall. In the near future, it has broken through the long-term technical repression of the annual and 60 week lines of the daily line respectively. From the technical point of view, the stock price has met the conditions for medium-term strength.
Considering that the stock price of the company has been declining for a long time, a huge decline, and a sufficient time to grind the bottom at the bottom, in addition, the company has a relatively strong expectation of extended M & A, and in the future, it will show a slow rise in the form of a slow climb in the middle line, and the chip dense area around 25 yuan, which was the first time to resist the early decline, is expected to be significantly undervalued.
Risk Warning:
1. The extension merger and acquisition is not as expected;
2. The fixed increase progress is lower than expected;
3. Volatility risk of secondary market index.
