On June 5438+February, 2004, Guangzhou Development Zone Investment Company, the largest shareholder of Southern Hi-Tech, took over 64. 18% of the shares of Southern Hi-Tech from Guangzhou Electromechanical Asset Management Company through its subordinate asset management company, and announced that it would inject 6,543.8+billion yuan to 300 million yuan in batches to further enhance the R&D strength, manufacturing capacity and overseas market expansion of Southern Hi-Tech. After Southern Hi-Tech obtained this large capital increase, CapitaLand's shareholding ratio increased to over 70%. However, it is understood that the actual funds in place for this agreement are only 85 million yuan. Under the great pressure of capital hunger, a large number of R&D, management and sales personnel of high-tech research institutes in South China left their jobs, which led to the paralysis of their CDMA industry.
According to public information, as a state-owned mobile phone manufacturer, Southern Hi-Tech once entered the top four domestic mobile phones, and its shareholders included Guangzhou Development Zone Investment Company, SDIC Electronics and Guangzhou Telecom. Among them, Guangzhou Development Zone Investment Company holds about 64%. Earlier, there were signs that Southern Hi-Tech had shown signs of tight capital chain.
According to CCID Consulting's statistics, in 2003, Southern Hi-Tech sold 720,000 CDMA mobile phones, and in 2004, this number shrank to 460,000, and its market share plummeted from 10% in 2002 to about 5%. In the first quarter of 2005, Southern Hi-Tech sold less than 654.38+0 million CDMA mobile phones.
According to the information provided by the website of Southern Hi-Tech, its sales reached 2,654.38 billion yuan in 2002 and 4 billion yuan in 2003. In fact, 50% of the sales of these mobile phones of Southern Hi-Tech are contracted by other factories. Insiders pointed out that due to the proliferation of South Hi-Tech OEM, the profit rate will also drop sharply, and even whether it can achieve profitability is a problem.
On the afternoon of June 24, 2005, the mobile phone production line and warehouse of Southern Hi-Tech in Guangzhou were sealed up by the local court according to law, and all the mobile phone chain stores of Southern Hi-Tech were shut down. The person in charge said that Southern Hi-Tech owed the bank10 million yuan, and the total debt with suppliers was about 50 million yuan. The "excessive behavior" of the bank led to the seizure.
On August 0, 2006, the registered trademark 165438+6 owned by South Hi-Tech was auctioned, and only178,000 yuan was sold.