Because Jianghuai Volkswagen officially changed its name to Volkswagen.
On February 2, 65438, JAC Automobile issued the Announcement on the Progress of Joint Venture and Cooperation between JAC and Volkswagen, the change of industrial and commercial registration and the completion of delivery, which pointed out that the capital increase of Volkswagen China and the investment of Volkswagen China and JAC Automobile had been changed, and JAC Volkswagen Co., Ltd. was renamed as "Volkswagen (Anhui) Co., Ltd.". Subsequently, Jianghuai Automobile (6004 18. Sh) Trading started on February 3rd 1 hour, with a daily limit of 10.65 yuan per share.
On the afternoon of February 8, 65438, Jianghuai Automobile quickly suspended trading again, and the price per share was 10.99 yuan, after which its market value once exceeded 22 billion yuan. This time, the unveiling ceremony of Volkswagen (Anhui) Co., Ltd., the completion of the R&D center and the groundbreaking ceremony of the manufacturing base were all held in Hefei, Anhui.
At this point, the renaming of Jianghuai Volkswagen, a major event related to status, has finally settled. From then on, "Jianghuai Volkswagen" will change its surname to Volkswagen. There used to be some pessimistic views about the mixed reform of Jianghuai Automobile. Can JAC make a comeback with 25% voice in the future?
Listen to your father.
As early as the end of 1 1, there were rumors in the media that it was renamed, but the version that came out at that time said that Anhui Jianghuai Group Co., Ltd. would be renamed as Jiang Qi Volkswagen Co., Ltd., which was later refuted by Jianghuai officials as false news and asked the other party to withdraw the manuscript.
Now JAC has not changed its name, but JAC Volkswagen has changed its name.
As early as this year? 5? At the end of the month, the State-owned Assets Supervision and Administration Commission of Anhui Province, Volkswagen China Investment and Jiang Qi Holdings signed the Letter of Intent for Capital Increase to Anhui Jianghuai Automobile Group Holding Co., Ltd. ..
On July 22nd, JAC announced that it had invested 6.502 billion yuan in JAC Volkswagen, a joint venture with Volkswagen China, and completed the subscription of new equity of JAC Volkswagen. Among them, Jianghuai Automobile increased its capital by 65.438+0.284 billion yuan, and Volkswagen China contributed 526.5438+0.6 billion yuan. Upon completion, the total registered capital of JAC Volkswagen increased from 2 billion yuan to 7.356 billion yuan, with CIC holding 75% equity of JAC Volkswagen and the Company holding 25% equity of JAC Volkswagen.
This capital increase was officially put on record by the Development and Reform Commission of Anhui Province on June 2, 165438. After the investment transaction is completed, Audi AG will take over the enterprise management right of Volkswagen (Anhui) Co., Ltd., and the operation status of this joint venture will also be included in the financial report of Audi AG.
In the traditional family concept, children take their father's surname, and the marriage between the public and Jianghuai is no exception.
After the share ratio of the joint venture company was officially released, Volkswagen finally became the father who held the majority of shares in the joint venture company and mastered the right to speak. It is natural for children to take their father's surname. This has also become the first case in China that a foreign-funded car company changed its name to a joint venture car company.
Jianghuai Automobile pointed out in the announcement of capital increase in July that this capital increase is an important part of the strategic cooperation between the company and Volkswagen in China, which is conducive to promoting the strategic cooperation between the company and Volkswagen in China.
The announcement also shows that Jianghuai Volkswagen's total assets at the end of 2065438 were+07.2 billion yuan, and its net assets were136/kloc-0.00 billion yuan. In 200019, the company achieved an operating income of 228 million yuan and a net profit of-364 million yuan.
According to the semi-annual report for 2020 released by JAC in August, the company achieved operating income of 24,944.38 billion yuan in the first half of 2020, down 7.63% year-on-year; The net profit attributable to shareholders of listed companies was-65.438+47.4 million yuan, down 265.438+07.84% year-on-year, and turned from profit to loss compared with the same period of last year.
In terms of sales volume, in the first half of 2020, the company sold 209,400 vehicles of various types, down 65,438+00.97% year-on-year, which was better than the industry level.
Jianghuai Automobile's "non-net profit deduction" in 20 17 and 20 18 was-93 million yuan and-18.77 million yuan respectively, and it also reached-978 million yuan in 20 19. Therefore, although the sales performance in the first half of the year was slightly better than the industry level, in fact, Jianghuai has suffered losses for three consecutive years.
Nowadays, Volkswagen's control over the joint venture company may be a turning point in the development of the joint venture company and the long-term stagnation of Jianghuai Automobile.
Dare to change, dare to do
The official unveiling of Volkswagen (Anhui) Co., Ltd., the completion of the new R&D center and the official start of the manufacturing base also mean that electrification will become a powerful measure for the recovery of Volkswagen (Anhui) and Jianghuai Automobile.
The official said that in the future, Volkswagen (Anhui) products will be built based on the group's MEB modular electric drive platform, and the company will make full use of the group's global synergy to gradually improve the localization research and development capabilities of MEB platform products. Its first model is scheduled to be put into production in 2023. The new model will fully consider the preferences of young users, with avant-garde and unique design and strong visual impact. The application of MEB platform and the cooperation between key departments will also greatly shorten the development and listing cycle of new models.
Diss, Chairman of the Board of Directors of Audi AG, also said: "In the next three years, we will develop models based on MEB platform, brand-new pure electric product matrix and provide leading technical solutions through this Anhui R&D center. This year's investment of about 1 billion euros will accelerate the development of Volkswagen (Anhui). The development of Volkswagen (Anhui) will further strengthen the role of China market in the Group's electrification and digitalization strategy. "
The second phase expansion project of R&D Center is also scheduled to start in 20021year, and the production line infrastructure and equipment will be further improved, including the establishment of battery workshop and vehicle and parts inspection workshop. The pure electric vehicle factory has a complete scale, and the highest annual output is expected to reach 350,000, which is expected to be completed by the end of 2022.
At present, Volkswagen (Anhui) is actively expanding its R&D local talent pool. It is estimated that by 2025, the number of employees in the R&D team will reach about 500. In addition, JAC also acquired the strategic equity of Guo Xuan Hi-Tech, a battery supplier, and became its largest shareholder. In order to provide networking and digital services for the Group's new energy products, it is planned to establish a digital center in Hefei.
At the same time, taking measures, we can see that both Jianghuai Automobile Group, Audi ag and Hefei local government attach great importance to the development of Volkswagen (Anhui). Jianghuai strives for development, and the public wants to occupy the China market with more electrification, while Anhui Province vigorously develops the automobile industry and further revitalizes the local economy. Three people have their own plans, but it is really valuable to think of one thing at a time.
At this point, JAC's mixed-reform survival journey has finally officially set foot on the starting point. Whether Volkswagen can turn around against the wind on the road of electrification in China is the key battle.
However, the mixed reform of Jianghuai has always been mixed. Some insiders believe that the short-term purpose of capital increase and share expansion is to obtain the financial support needed for business development, but it is more necessary to consider the strength of investors from a long-term perspective so as not to affect the long-term development strategy of enterprises in the later period.
There are also views that enterprises should clearly take autonomy as the fundamental goal, otherwise, even if JAC wins the living space through joint venture in the future, it may eventually become the manufacturing base and deep foundry of Volkswagen in China.
But now it seems that Jianghuai has any better choice? As a state-owned car company with a history of 56 years, what does JAC have in independent technology? At present, the competition pattern of independent brands is like a full bus. If Jianghuai stubbornly insists on independence at this time, what can be the way out?
At present, with the help of joint venture industries, the economic situation will be relatively healthy and industrial technology will keep pace. Dare to change and dare to do is the truth.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.