Huge groups are deeply mired in the debt crisis and turned into "the hope of the whole village"

In 2004, Jidong Material Trade won the agency right of Subaru in eight northern provinces of China, and the scale of the dealership was further expanded. According to Forbes data, in 2004, the total sales revenue of Jidong Material Trade was 9.89 billion yuan, and the pre-tax profit was 65.438+0.5 billion yuan.

20 10 The huge group originally affiliated with Jidong Material Trade became the champion of domestic automobile dealer group with a turnover of 53.8 billion yuan.

20 1 1 A huge group originally affiliated to Jidong Material Trade landed in A shares, becoming the first automobile dealer group listed on A shares in China, with more than 1200 outlets nationwide. In 20 17, the huge group sold 4,865,438+0.7 million new cars, with an operating income of 70.48 billion yuan, and its performance reached its peak.

However, the highlight moment is short-lived, and after the huge group recorded its peak, it has been unable to continue to write brilliant.

All enterprises in debt crisis have blown out, and so do huge groups. From April, 2065438 to April, 2007, the huge group was investigated by the Securities and Futures Commission for information disclosure violations, which was regarded by the market as the beginning of the decline of the huge group.

In 20 18, the huge group owed Haitong hengxin international leasing co., ltd 99.825 million yuan, and Haitong hengxin international leasing co., ltd applied to Shanghai financial court for property preservation. The Shanghai Financial Court froze all the shares of Pang Qinghua in the huge group (20.42%), and the judicial freezing date was from 20 18 to 202 1. In May of the same year, the CSRC decided to give a warning to the huge group.

In the semi-annual report of 20 18, the huge group also mentioned that in the first half of 20 18, the negative impact on the company's operation caused by the investigation of the China Securities Regulatory Commission continued to ferment, and the overall capital environment was tight in 20 18, which further highlighted the company's financing difficulties and capital shortage, which seriously affected and restricted the company's normal operation.