According to the data, Tieniu Group was established in 1992, and owns two listed companies, Zotye Automobile and Tongfeng Electronics. Its business covers automobile manufacturing and sales, key parts, real estate, electronic materials and parts. At the same time, Zotye New Energy Automobile Co., Ltd., a subsidiary of Zotye Automobile, had previously gone bankrupt and liquidated due to insufficient assets to pay off all debts.
In this regard, Zhongtai Automobile announced that Zhongtai Automobile and Tieniu Group remain independent in assets, business and finance, and the company's main business is currently suspended, which will not have a major impact on daily operations. The subsequent disposal of Tieniu Group's bankruptcy may lead to changes in the actual control rights of the company.
In fact, as early as September this year, Zotye Automobile received a supervision letter from Shenzhen Stock Exchange because it failed to disclose the revised forecast of 20 19 in time and the information disclosure was inaccurate.
Today, Zotye Auto has not been listed, new cars have planned to skip tickets many times, and employees and dealers have joined the team to beg for wages and arrears. According to the third quarter financial report released by Zotye Automobile earlier, the company's revenue in the first three quarters was only 98 1 100 million yuan, down 72.68% year-on-year, and its net profit was-1563 million yuan, down 105.67% year-on-year.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.