On this day, 39 years ago, on December 1, 1986 (October 30, 1986, the country's first bicycle production permanent brand group was established. On December 1, 1986, the country's first bicycle production group-"Permanent" Bicycle Group was established. On December 1, 1986, the country's first bicycle production group-"Permanent" Bicycle Group was established. Although in the early 20th century, there were already manufacturers in Shanghai that used imported parts to assemble bicycles, the output was very small. Products from Britain, Japan and other countries occupied the market for a long time. They were expensive and could not be affordable for ordinary people. At that time, modern girls regarded being able to stand next to bicycles and take pictures. It's a blessing. In 1940, the Japanese opened the first full-line bicycle production factory in Shanghai-Changhe Manufacturing Co., Ltd. The first car produced was named "Wrench Brand"-the predecessor of the permanent brand bicycle. When New China was established in 1949, this factory began to produce "permanent brand" bicycles. In 1953, it was officially named "Shanghai Bicycle Factory." With it as the main body, the "Permanent" Bicycle Group is composed of 14 companies including various branches of Shanghai Bicycle Factory, complete vehicle factories that produce "Permanent" bicycles, accessory parts factories, and relevant commercial departments. In April 1993, the group changed its name to Shanghai Permanent Bicycle Company, and in July it was restructured into "Shanghai Permanent Bicycle Co., Ltd.". It was listed on the Shanghai Stock Exchange in November of the same year. However, the company's development since then has not been very smooth. Due to the disadvantages of its products in market competition and debt disputes and other issues, it has suffered losses for three consecutive years. The Shanghai Stock Exchange had to suspend the company's stock listing from May 14, 2001. The current Shanghai Permanent Co., Ltd. is a new face that has been injected with private enterprise funds. Comments: It's the same historical brand as Phoenix Camera!!!