Introduction: The ancients clouded, and people did not believe or stand. Informed sources broke the news that in order to cope with the centralized salary bargaining and labor arbitration of some departing employees, Baoneng "played helplessly" in various ways...
"There is money to hold press conferences, do not pay wages"; "Evergrande is good and justifiable to employees, Baoneng is not at all to treat employees as people"...
In late December last year, an exclusive report by Leju Automobile was "Exclusive | arrears of wages and employees to fight a lawsuit, how did Yao Zhenhua's dream of building a car continue?" , which has aroused widespread concern in the industry.
Yao Zhenhua, chairman of Baoneng Group
After the release of the article, in the past month, not only has more former Baoneng employees "broken the news", but some industry media colleagues have also quoted our relevant text and picture information and carried out two or three follow-up reports.
Baoneng fell into a capital chain and credibility crisis, and the press conference was ignored
Needless to say, Baoneng Group and Baoneng Automobile under Yao Zhenhua are experiencing the "capital chain & credibility crisis" of all previous non-existents.
But even so, in the face of the condemnation of many departing employees and the strong concern in the field of public opinion, Baoneng still ignores it and has a posture of "dead pigs are not afraid of boiling water".
He even entertained himself, and recently held a new car tasting meeting at the Baoneng Qoros Cultural Center in Guangzhou.
Baoneng Automobile recently held a new car conference in Guangzhou
The reason why Baoneng's new car tasting conference has some "self-entertainment" nature, because according to common sense, on the occasion of this cold winter, the conference of Baoneng Automobile is of great significance, and even without exaggeration, it will be related to the next direction and life and death of Baoneng Automobile.
But what is more ironic is that for baoneng's such an important new car tasting meeting, the response of the automotive media is flat, and it has not even triggered a crowd of onlookers.
The author noticed that the circle of friends basically no one called and spoke for it, Mingmingbao can open a press conference, but it seems that it is not open.
Who care ？！
The supplier was not given money, resulting in the delay in the production of the GX16
According to Leju Automobile, this is a "long-overdue" conference, especially the first strategic electric new car developed by Baoneng itself, code-named GX16, which should have been unveiled as early as the middle of last year.
However, due to Baoneng's own problems, especially Yao Zhenhua's poor external financing, the GX16 fell into the embarrassing situation of "difficult childbirth".
"Basically has been yellow, the winter test is ep1 sample car, soft mold car, the number of molds are not frozen, the back will not give money, hard molds are not open."
The GX16 quasi-production vehicle exhibited by Baoneng
Quoting the relevant person in charge of Baoneng Automobile, the strategic new car codenamed GX16 was originally scheduled to be listed in the third quarter of last year.
"Now there is basically no drama, I owe money to various suppliers, suppliers have long since stopped supplying, and subsequent series of tests and verifications cannot be done."
However, Baoneng Automobile revealed at this press conference that as the first model of the BAO brand, GX16 will be put into production at the Guangzhou base of Baoneng Automobile, and strive to roll off the production line in July this year, and the Guangzhou base will complete the plant construction before the end of March this year.
Obviously, after the twists and turns, the GX16 car may become the "life-saving straw" of Baoneng Automobile, and the car has been mass-produced and listed, and potential investors and receivers, including local governments, may further "bet".
At the beginning of last year, Baoneng released GX16 winter test videos and spy photos
Otherwise, the car can't be made, and who wants to continue to be dragged into the sea by Yao Zhenhua?
Capacity utilization rate is difficult to meet the standard, baoneng hidden even greater thunder
"Baoneng will soon have a huge thunder"...
According to the relevant person in charge of Baoneng's departure, Qoros Changshu Base and Shenzhen Baoneng Automobile Factory Base have been less than 20% capacity utilization rate for two consecutive years.
22 years will be specially announced, stop the new car announcement, if there is no production, 23 years to stop the production qualification!
"Xi'an was put into production in July 2020, so far the output is 0, and Xi'an is still a Qoros branch, which is the new energy qualification of Qoros expansion, Qoros stopped, Xi'an has no qualifications."
In a word, unless Baoneng receives a large number of "OEM" orders, otherwise with Baoneng's current brand and product force layout, the existing production base in 2022 will not meet the standard, and the probability of being stopped in 2023 will be stopped production announcements and qualifications.
In this regard, Leju Automobile also specifically consulted the relevant regulations of the Ministry of Industry and Information Technology, the National Development and Reform Commission and other industry authorities.
Indeed, as early as July 2012, the Ministry of Industry and Information Technology issued a notice on the establishment of an exit mechanism for the automotive industry, and implemented a two-year special publicity management for automobile and motorcycle manufacturers that could not maintain normal production and operation, and if they still could not meet the standards when they expired, the enterprises would be delisted.
Later, in February 2016, the Ministry of Industry and Information Technology issued the "281st Batch of Road Motor Vehicle Manufacturers and Product Catalogs", and the production qualifications of 13 automobile enterprises such as Shuanghuan Automobile and Anchi Automobile were revoked.
It can be said that this will be an effective touchstone for whether Baoneng and Yao Zhenhua are really building cars, or whether they are as the industry said, "the reality of land enclosure in the name of car manufacturing".
Baoneng Xi'an base was completed to be produced (there is no rice in the pot)
"BN is out of the game, Yao Lao Lai will certainly not invest money himself, he is now fully counting on the government to take over, and the previous search for external investors has completely failed." The above-mentioned relevant person in charge said so to Leju Automobile.
Labor arbitration is a rogue, and Baoneng does not hesitate to fight with departing employees
"Report on the scam company, Baoneng Car", "Too shameless, the shameless indecency of the Baoneng Group has refreshed the three views of the industry and the three views of mankind"...
Ah Hua WeChat complained to the author about Baoneng
A few days ago, an industry insider of the WeChat group of the electric vehicle industry (for the privacy protection of the parties, the article is called Ah Hua) contacted Leju Automobile, and after the other party added the author's WeChat, it was so much that Baoneng was reprimanded.
According to Ah Hua, before leaving his post, he was the director of strategic planning and operation management of Baoneng Automobile, and he was also the business assistant of the president.
"I left at the end of October, I didn't pay my salary in July and August, I paid 10% in September, and I paid 35% in October"...
Ah Hua said that including wages, social security, provident fund, bonuses at the end of last year, severance compensation, reimbursement, etc., Baoneng Automobile still owes him hundreds of thousands of dollars.
In order to recover his "working money" as much as possible, like many of his former colleagues, he has applied for labor arbitration, but has not yet gone to court. "At the time of the arbitration, Baoneng's people played rogues throughout the whole process."
According to Ah Hua, even if the labor arbitration judges him to win, Baoneng will appeal to the first instance, and then drag on the second trial, one is half a year and a year, and then the company has no money on the account and cannot be enforced.
"The most hateful thing about Yao Laolai (that is, Yao Zhenhua, chairman of Baoneng Group) is that he does not have money to pay employees, but purely wants to play Lai!"
Speaking of this, Ah Hua was even more excited and angry.
In Ah Hua's view, compared with Evergrande Automobile, which also encountered a huge crisis, Xu Jiayin did not owe employees wages on a large scale, and Baoneng Yao Zhenhua's various rogue styles were even more disgraceful.
And this is also what makes many departing employees, including Ah Hua, incomprehensible and difficult to reconcile.
According to Ah Hua, the Yao Zhenhua brothers still have a lot of land assets to sell, but now the market is not good, can not sell at a high price, "Yao Lao Lai wants to sell a high price and make another profit, completely disregarding the lives of creditors and employees."
In this regard, Ah Hua gave an example, "(Shenzhen) Xiangmi Lake, before it could sell 80 billion, some people are willing to take over, but Yao Laolai asked for 120 billion, and now the price has fallen a lot, and it is estimated that 40 billion cannot be sold." ”
According to a civil complaint sent by Ah Hua to the author, for a salary of several thousand yuan and a severance compensation of more than 10,000 yuan, Baoneng even hesitated to delay mediation with former employees through litigation.
Real estate developers frequently thunder, Baoneng department also has a capital chain emergency
As we all know, under the major policy guidelines such as deleveraging, resolving financial bubbles and crises, the real estate industry has been wailing since last year.
After banks tightened their "money bags and banks", major real estate companies that used to high leverage, high debt and financing in the past generally began to face the risk of cash flow shortages or even breaks.
Even the universe's well-known real estate giant Evergrande has thundered, and Xu Jiayin, who has boundless mana, has no ruts, not to mention Yao Zhenhua, the actual controller of the "barbarian" Baoneng system, who has never been welcomed by mainstream capital and shopping mall tycoons.
Yao Zhenhua attended the inauguration ceremony of the Xi'an base last year
Even if the scale of Baoneng's debt was not as large as Evergrande's, it is still Yao Zhenhua's unbearable weight now.
According to the observation of Leju Automobile, the roof leak is partial to the overnight rain, from Baoneng Automobile to Baoneng Group, it is currently facing "9981 difficulties".
For example, the large-scale payment of Baoneng's wealth management products is overdue, and it is always difficult for Yao Zhenhua to reach a unified opinion through multi-party consultation and coordination with investors and managers;
The Baoneng automobile sector, which is regarded as "dragging the Baoneng system into the quagmire and even crushing the last straw of Baoneng", has frequently exploded the closure of large-scale 4S stores across the country for a period of time;
Following a number of professional managers and executives such as Li Feng, Cai Jianjun, Xu Jianming, and Hu Xindong, Hong Hao, vice president of Baoneng Automobile Group, who has only been employed for half a year, has also been exposed to have hung up his seal.
In a word, it is difficult to say whether Baoneng Group will be difficult to say, but according to the current difficulty and "dog blood" plot, Baoneng Automobile is most likely to be cool!
In this regard, Ah Hua also bluntly said that the strategic new car codenamed GX16, which was previously developed by Baoneng Automobile Guangzhou Research Institute, has basically been yellow.
"Previously, the high-profile announcement of the winter test was the EP1 sample car, the soft model car, the number of models were not frozen, the back did not give money, the hard mold was not opened."
In this regard, Leju Automobile has also been confirmed from other former employees of Baoneng Automobile.
The strategic new car code-named GX16 was originally scheduled to be listed in the third quarter of this year, "now it is basically no play, I owe money to various suppliers, suppliers have long since stopped supplying, and follow-up series tests and verifications cannot be done."
Le Tease Observation:
Regarding evergrande, Baoneng and other housing enterprises to build cars, there was a huge controversy in the industry at the beginning.
Whether it is Xu Jiayin or Yao Zhenhua, especially Yao Zhenhua, who was labeled a "barbarian" by the official media a few years ago, he is famous for "playing capital and making quick money".
In the past few years, including real estate, the capital market has been prosperous, there is "money" everywhere, as long as you have enough to play with capital and leverage, every minute to melt its hundreds of small goals to burn money to build cars, it is a "big fast and good province" new car road.
Yao Zhenhua once claimed to have invested in the construction of factories in various enclosures across the country
This is also why Evergrande Automobile and Baoneng Automobile can quickly level the ground and raise the "success" code of high-rise buildings. It is just that the general environment has changed, the country's macroeconomic policy in the past two years has changed the direction of the wind, and the tightening of the monetary root is no longer "flood irrigation".
As a result, many highly indebted and highly leveraged enterprises, including Evergrande and Baoneng, have successively fallen into a huge crisis of cash flow and broken capital chains.
Although Evergrande Automobile has fallen to the altar of scenery no longer, combined with online public reports and feedback from multiple sources, it is basically certain that:
Xu Jiayin is still decent and generous, and Evergrande Automobile has not exploded a scandal with employees on a large scale, such as unpaid wages and even lawsuits.
On the other hand, Baoneng Yao Zhenhua's side has been in an endless stream since last year, such as layoffs, salary cuts, and arrears in legal labor remuneration and salaries owed to suppliers and employees.
Even in order to cope with the centralized salary bargaining and labor arbitration of some departing employees, Baoneng has changed its law to "play helplessly" in various ways...
The ancients clouded, and people did not believe or stand. As the actual controller of Baoneng Group, since Yao Zhenhua has repeatedly stated that under his wise leadership, Baoneng is fully capable of coping with and surviving this round of "liquidity" crisis;
So before the GX16 and other new cars are mass-produced and listed, is it necessary to proactively clarify and settle various existing debt problems, including departing employees?
There is money to develop the conference, no money to pay back, how to make people optimistic about your Boss Yao and Baoqi?!
Needless to say, the current Baoneng has encountered an unprecedented huge crisis, and the car building is too big to build factories and stalls everywhere, but Baoneng's current products and sales are completely insufficient to support the dream of the automobile empire conceived by Yao Zhenhua.
Yao Zhenhua, who started by selling vegetables and does not have the concept of "accepting defeat and admitting encouragement" in his bones, will he sit back and wait to be killed and tied up?
Seeing that his brother was stuck in the quagmire because of the car construction, Yao Jianhui could not extricate himself, would he put aside his prejudices and discord and do his best to "pull" Yao Zhenhua? See.