Tramway News: On March 2, Yinyi Shares issued an announcement that the company intends to invest no more than 400 million yuan to participate in the restructuring of Zhidou Automobile and the change process of the reorganization plan. According to the announcement, the company signed a memorandum of understanding with the manager of Zhidou Automobile, that is, the company intends to act as a new reorganization investor of Zhidou Automobile and obtain the actual control and independent operation right of Zhidou Automobile, so that Zhidou Automobile can be regenerated.
In the announcement, Yinyi shares frankly said that what it valued was the new energy vehicle production qualification of Zhidou Automobile.
According to the data, Zhidou Automobile is headquartered in Ninghai County, Ningbo, Zhejiang Province, and its core assets are its wholly-owned subsidiary, Lanzhou Zhidou Electric Vehicle Co., Ltd. (hereinafter referred to as "Lanzhou Zhidou"), Lanzhou Zhidou has independent new energy passenger car production qualifications, and on February 28, 2017, it obtained the "Approval of the National Development and Reform Commission on the Approval of lanzhou Zhidou Electric Vehicle Co., Ltd. Annual Output of 40,000 Pure Electric Passenger Vehicle Construction Project" (Development and Reform Industry [2017] No. 377), Lanzhou base covers an area of more than 800 acres, It has a completely completed new energy vehicle production line and professional equipment, and has normal vehicle production and operation conditions. Ninghai base covers an area of 563 acres, with non-independent new energy vehicle production qualifications, the current base construction of new energy vehicle assembly workshop has been completed.
The announcement of Yinyi shares said that the company's current main business is the research and development, production and sales of auto parts, is committed to the research and development and production of hybrid and pure electric powertrain systems, the company's Belgian Bunge company in related fields of research and development and technical level in the forefront of the world, Bunchi company and one of the world's top four car companies, The Strand Group has established two joint ventures in 2019 and 2020 respectively, targeted for its research and development and production of hybrid powertrain systems for new energy models.
As the forerunner and promoter of New Energy Vehicles in China, Zhidou Automobile has independent and complete new energy vehicle production qualifications.
The company's intention to participate in the restructuring of Zhidou Automobile is an important strategic deployment made by the company based on its own advantages in the field of new energy vehicles, and the formation of obvious synergies with the company's existing auto parts manufacturing business, which is an important measure of the company's long-term strategic layout; the company has been committed to transforming into a high-tech company and unswervingly practicing and developing the new energy strategy. This investment event will help enhance the company's core competitiveness and sustainable development capabilities, and is in line with the long-term development interests of the listed company and all shareholders.
At present, Yinyi shares mainly have two major industrial sectors, namely real estate industry and high-end manufacturing, and high-end manufacturing industry is relying on the continuously variable transmission of Belgium Bunch Group and the automotive airbag gas generator of american ARC Group.
Yinyi Group, which is mainly engaged in the real estate industry, spent 10 billion yuan to acquire three overseas auto parts manufacturers in the United States ARC, Japan's Arifu and Belgium's Bunge, and in the subsequent 2017, Yinyi Group injected the American ARC and Belgian Bunge into the listed company Yinyi shares, so that the listed company that mainly does real estate cross-border into the automotive industry.
After the completion of the acquisition in 2017, the main revenue of Yinyi shares shifted from real estate to automobiles, and the revenue from auto parts reached 8.073 billion yuan, accounting for 63.55% of the company's total revenue. However, since 2018, the revenue has gradually declined.
Although the announcement of Yinyi shares said that the main business is auto parts research and development, but in fact, the main business of Yinyi shares in the past two years has been between real estate and auto parts, in 2019, the auto parts operating income of Yinyi shares was 4.786 billion yuan, accounting for 67.9%; in 2020, the operating income of auto parts was 3.154 billion yuan, accounting for 39.62%, and most of the revenue of the year came from real estate sales and property management; the 2021 interim report showed that The operating income of auto parts was 1.458 billion yuan, accounting for 68%, and the revenue from real estate sales fell to 238 million yuan in the same period.
In 2019, Yinyi shares were applied for bankruptcy reorganization by the controlling shareholder, and the reorganization procedure was only settled a few days ago, and on February 27, Yinyi shares announced that the controlling shareholder was changed to Jiaxing Zihe Jinxin Equity Investment Partnership (Limited Partnership), and the actual controller was changed to Ye Ji. Obviously, participating in the restructuring of Zhidou Automobile is also within the plan of Zihe Jinxin.
At present, in addition to the production base and production qualifications, Zhidou Automobile does not seem to have much praiseworthy places. Before 2018, Zhidou Automobile did declare a large number of electric vehicle products and occupied a place in the new energy vehicle market. However, in 2019, Zhidou Automobile only declared two model announcements, in 2020, it did not declare new products, in 2021 it declared 1 model, and in January this year, Zhidou Automobile's terminal sales were only 3. It can be said that whether it is product layout or market development, Zhidou Automobile has been outdated for several years.
At this time, Yinyi shares want to resurrect Zhidou, and it is a real estate enterprise to build cross-border cars, but from the current situation of Zhidou, Yinyi shares must have a lot to do.