According to the data of Tianyancha APP, as of February 23 this year, there were as many as 255 risk warnings under the name of Tieniu Group. It involves arrears, legal person assets freezing, court enforcement orders, equity pledge, debt contracts, etc.
In 20 16, Tieniu Group borrowed11600 million from Jinma to acquire 0/00% equity of Zotye Auto, with a premium rate of 428.52%. At that time, Tieniu Group, the largest shareholder of Zotye Automobile, signed a performance gambling agreement. According to the signed profit forecast compensation agreement and its supplementary agreement, Tieniu Group, as the compensation obligor, promises that the audited non-net profit of Zotye Automobile from 20 16 to 20 19 shall not be less than12.100000 and14.100000 respectively.
However, the operating conditions of Zotye Automobile in recent years are not very "awesome". During the period from 20 17 to 20 19, its net profit after deduction was12.24 million,-124 1 100 million and-1.3/kloc-respectively. According to the agreement signed by both parties, Tieniu Group should compensate Zotye Automobile.
However, according to the announcement issued by Zotye Automobile on June 5438+065438+ 10 this year, Tieniu Group failed to fulfill the above agreement in time to compensate Zotye Automobile. According to the announcement of Zotye Automobile, in order to safeguard the interests of listed companies, the company declared its creditor's rights to Tieniu Group according to the compensation agreement, that is, Tieniu Group transferred its total 65,438+0,565,665,896 shares to the company and cancelled them. If the shares are not compensated, Tieniu Group shall fulfill the obligation of cash compensation, and the total amount of cash compensation shall be 65,438+0,395. The follow-up will depend on the bankruptcy disposal plan of Tieniu Group and the confirmation of performance compensation claims.
At present, with the actual controller Tieniu Group declared bankrupt by the court, there is no doubt that the ownership of Zotye Automobile has increased great uncertainty.
Today, Zotye Auto has not yet been put on sale, and new cars have been planned to skip tickets many times, and employees and dealers have joined the team of collecting wages and debts. 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.
Not only that, at the beginning of this month, Zotye Automobile announced that its wholly-owned third-tier subsidiaries, Hangzhou Jieneng Power Co., Ltd., Hangzhou Yiwei Automobile Industry Co., Ltd. and Zhejiang Zotye Automobile Sales Co., Ltd., were all ruled bankrupt and liquidated by Yongkang Court. It is reported that Zotye New Energy was ruled by the court to accept bankruptcy liquidation this time, mainly because it was applied by Hangzhou Tiecheng Information Technology Co., Ltd. and Jin Hu (China) Tire Sales Co., Ltd. on the grounds that it could not pay off its due creditor's rights and its assets were insufficient to pay off all its 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.