So what is Geely's shareholding in Lifan for?
According to relevant media reports, Lifan recently said at the second extraordinary general meeting of shareholders in 2020 that once the reorganization work is completed, Lifan will first mass-produce the 80V pure electric MPV maple leaf under Geely Technology Group, and the power exchange business under Geely Technology Group will also be injected into Lifan soon.
On June165438+1October 10, Lifan Motor announced that on August 2 1 day, 2020, Chongqing No.5 Intermediate People's Court ruled that Lifan shares were reorganized according to law and made a (2020) Chongqing 05? Is it broken? 193? No "Decision" appoints the liquidation team of Lifan Company as the manager of Lifan Co., Ltd., responsible for carrying out various restructuring work. In this reorganization, the manager confirmed that Geely Maijie Investment Co., Ltd. (hereinafter referred to as "Geely Maijie") and Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Liangjiang Fund") became investors to be reorganized through public recruitment.
The announcement pointed out that industrial investors will provide Lifan with high-quality industrial resources, including but not limited to helping listed companies to become the only listing platform for Geely Science and Technology Group's battery-changing vehicles, and taking the opportunity to inject high-end intelligent network-connected battery-changing business, introduce the production of battery-changing new energy vehicles, the integration opportunities between automobiles and Motocom industries, and provide industrial technical support for the company through asset restructuring.
For Geely, it will further seize the new energy market and accelerate the pilot promotion of the power exchange model. As can be seen from the reorganization plan, Geely will help Lifan to become the only listed platform for Geely Technology Group's battery-changing automobile manufacturing, and choose the opportunity to inject high-end intelligent network to change batteries.
As a result, Geely took over Lifan and aimed at the new way out under the support of policies-the mode of changing electricity. In addition, in the government work reports of the two sessions this year, power stations were included in the category of "new infrastructure" for the first time; In July, Vice Minister of the Ministry of Industry and Information Technology revealed that it will continue to vigorously promote the construction of charging and replacing infrastructure for new energy vehicles, improve relevant technical standards and management policies, and encourage enterprises to develop battery replacement models according to applicable scenarios; 165438+1The Development Plan of New Energy Automobile Industry (202 1-2035) released on October 2 clearly pointed out that the infrastructure construction of charging and replacing electricity should be strengthened, and the application of the mode of replacing electricity should be encouraged. The power exchange outlet is here.
It is reported that Geely plans to build 35 power stations in Chongqing this year, and more than 200 power stations will be built in Chongqing by 2023. After creating a perfect Chongqing model, the power exchange model can be quickly copied to the whole country to complete the important layout of the new energy sector.
Lifan? Lifan
Lifan Industrial (Group) Co., Ltd., founded in 1992, is mainly engaged in the research and development and production of automobiles, motorcycles, engines and vehicle parts. It was listed on the Shanghai Stock Exchange on 20 10, and is the first private passenger car enterprise with A-share listing in China. As the founder of Lifan, Yin Mingshan has always been regarded as a legend by the outside world.
Lifan Automobile has never been a "legend". According to the financial report of Lifan Co., Ltd. in 20 16 years, the net profit after deducting non-profit is 26 10/00000 yuan for the first time, which also means that there have been some problems in the main business of Lifan Co., Ltd. since 20 16 years. In 20 18, Lifan's deduction continued to expand to-265,438+500 million yuan, and in 20 19, the deduction continued to double to-4.4 billion yuan. In 20 19, Lifan's revenue was 7.45 billion yuan, down 32.36% year-on-year, achieving two consecutive declines in revenue, and the attributable profit was the first loss in recent years, reaching-4.68 billion yuan.
This year, *ST Lifan achieved operating income of 65.438+58.4 million yuan in the first half of the year, down 69.42% year-on-year; The net loss was 2.595 billion yuan, a loss of 947 million yuan in the same period of last year, an increase of 65,438+073.99%. Total assets are about1696 million yuan, net assets are only1600 million yuan, down 9.6 12% year-on-year, liabilities are as high as1677 million yuan, and the asset-liability ratio is as high as 98.87%.
On the one hand, it is the financial data that can't make ends meet, on the other hand, Lifan's debt is getting higher and higher, and the poor financial figures push this earliest private listed car company to the edge of life and death. According to the announcement in August this year, Lifan was involved in 1 178 litigation (arbitration), involving a total amount of 5.037 billion yuan. By September, 2020, 18, 62 creditors had declared their claims to the manager of Lifan Holdings, and the declared amount was as high as 6.895 billion yuan.
If the risk of bond redemption and the inability to repay the balance of 530 million yuan bonds are the direct reasons for Lifan's current situation, then product technology and management are the fundamental reasons for Lifan's demise. Relying on imitation, without core technology, entrenched in the low-end market, not paying attention to product quality and enterprise management, Lifan finally took the consequences.
To sum up, Shifeng Energy under Lifan is specially built for the development of new energy industry, and its main business is the construction and operation of energy stations and electric inns, which is in line with the development direction of Geely's future power exchange business. However, in response to relevant media reports, Geely Technology Group responded that "everything is subject to the announcement of listed companies".
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.