Shanghai Permanent Bicycle and Phoenix Bicycle are the leading enterprises in the bicycle industry in China. Shanghai Zhonglu, the parent company of Shanghai Permanent Bicycle Co., Ltd., has been listed on the Shanghai Stock Exchange. As of 2023, this brand has not closed down. The annual production and sales volume of permanent bicycles is nearly 2 million. Shanghai Jinshan Construction is the parent company of Shanghai Phoenix Bicycle Co., Ltd., which has been listed on the Shanghai Stock Exchange. The annual production and sales volume of Phoenix bicycles is nearly 2 million. Shanghai Permanent Bicycle and Phoenix Bicycle are both time-honored brands in China and well-known trademarks in China.