In fact, the news that Brilliance Auto Group is about to go bankrupt and reorganize has been circulating for a long time. 165438+ 10. On March 3, it was reported that the Liaoning provincial government had communicated with the financial supervision department about the reorganization of Brilliance Auto Group, but there was no clear reorganization plan, and related matters were under discussion. While relevant reports circulated, Brilliance Auto was filed for bankruptcy reorganization by Gezhi Technology, but at present, there is no more information about the specific reasons and process of Brilliance Auto being filed for bankruptcy reorganization.
It is understood that Gezhi Technology is an automobile stamping die research and development company, mainly engaged in the design, research and development, manufacturing and sales of automobile stamping dies, and provides customized services for global automobile OEMs and component manufacturers. The registered address of the company is located in Liaoyuan City, Jilin Province.
For specific reasons, some insiders speculated that there may be financial disputes between the two parties, so Gezhi Technology applied for bankruptcy and reorganization of Brilliance Auto. As an old car company, it is expected that Brilliance Auto Group will file for bankruptcy reorganization due to huge debts. After all, Brilliance Auto has attracted much attention in the industry because of its huge debts and bond defaults.
In fact, as early as July this year, Brilliance Auto was exposed to hundreds of billions of debts and many shares were frozen. And in September, many credit rating agencies downgraded the main credit rating of Brilliance Group, among which Oriental Jincheng downgraded to AA+ and Dagong International directly downgraded to AA. 1June16th, Dongfang Jincheng downgraded the credit rating of Brilliance Group to AA- again. 101October 2 1 day, Dagong International downgraded the credit rating of Brilliance Group to A+.
According to public data, as of the end of the first quarter of this year, the total liabilities of Brilliance Group were 65.438+022.675 billion yuan, accounting for 69.93% of the total assets. Among them, interest-bearing debt was 67.472 billion yuan, accounting for more than half of the total liabilities; The short-term debt is 48.396 billion yuan, and the long-term debt is 65.438+09.075 billion yuan. Moreover, Brilliance Group * * * has 15 bonds, and the stock size is175.73 million yuan. Among them, the amount of bonds due in 2020 is10.373 billion yuan, and the amount of bonds due in 2026.5438+0 is 6.5 billion yuan. * * * 1 ~ 3 years have 10 1 100 million yuan (bonds) due, 3~5 years have 6 1 100 million yuan due. ?
Among them, "17 Huaqi05" with a maturity date of 65438+1October 23rd also failed to pay the principal and interest of the bonds on time due to the tight capital flow. In this regard, Brilliance Auto said that it will strive to raise funds and actively and properly solve the bond problem. On 1 1.2, the Shanghai Stock Exchange gave a written warning to Brilliance Auto, involving irregularities such as untimely information disclosure and failure to give risk warnings on time.
Write to the end:
In fact, the plight of Brilliance Independent Plate has a long history. Especially with the countdown of BMW's equity adjustment, the profit ratio of Brilliance from BMW Brilliance will be greatly reduced. While the independent department is still mired in the quagmire, the performance of Brilliance China may be worrying. Next, whether Brilliance Auto can revive its independent business is bound to be the last straw on Brilliance Auto. When this straw really falls, Brilliance Auto's next road will be even more bumpy.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.