Shanghai Phoenix (600679.SH) announced that on December 7, 2024, around 14:47, ...
According to Zhitong Finance APP news, Shanghai Phoenix (600679.SH) issued an announcement stating that at approximately 14:47 on December 7, 2024, its wholly-owned subsidiary Tianjin Aisike Vehicle Co., Ltd. (hereinafter referred to as Tianjin Aisike) unexpectedly caught fire. The fire did not result in any casualties, and the specific cause of the fire and the extent of property damage are currently under investigation and verification.
Based on preliminary estimates of the fire scene, the fire involved the finished goods warehouse, parts warehouse, and assembly workshop of Tianjin Aisike. The buildings, equipment, and inventory involved all suffered varying degrees of damage, and the specific affected areas, condition of damage, and property loss are still pending further verification and evaluation. Tianjin Aisike accounts for a small proportion of the company's total capacity and total revenue, and other subsidiaries of the company are operating normally, so this fire incident does not pose a significant impact on the overall order fulfillment of the company in 2024.
The bicycle assembly capacity of the company's subsidiary Tianjin Tianren Materials Co., Ltd. is 3 million units, and its surplus capacity can fully cover the order demand from Tianjin Aisike. Additionally, Tianjin Aisike and Tianjin Tianren are located in the same industrial park, allowing for quick adjustments and switches in capacity. The company will actively optimize internal capacity allocation, and it is expected that this will not significantly impact the final delivery of existing orders from Tianjin Aisike.