What? Evergrande cars have also skyrocketed? 13 key pieces of information to help you eat this big melon

The second senior brother plays with the car

2024-05-28 10:21Posted in Shanghai Automotive Creators

If you are a stock investor, you may still be lamenting the "miracle" of Faraday Future's stock price soaring 1600% in 4 days a few days ago, but now, Evergrande Automobile has also staged a similar plot.

On May 27, Evergrande Automobile rebounded sharply, with an intraday increase of more than 100%, and finally closed at HK$0.71, an increase of 86.84%, and the total market value soared to HK$7.699 billion.

So, what kind of melon is this?

1. What is the level after the stock price skyrockets?

The closing price on May 27 was 71 million yuan, with a total market value of 7.699 billion yuan. What is this market capitalization? In 2019, Xu Jiayin spent more than 6 billion yuan in order to get a car-making qualification.

2. What is the current level of Evergrande Automobile?

In 2023, the total assets will be 34.851 billion yuan, the total liabilities will be 72.543 billion yuan, and the cash and cash equivalents will be 129 million yuan. In four words: insolvency.

3. Why is the stock price skyrocketing?

On the evening of May 26, Evergrande Automobile issued an announcement, claiming that a buyer would acquire 29% of Evergrande Automobile's shares, and acquire the remaining 320 million shares of Evergrande Automobile within a certain period of time depending on the situation.

4. How much is Evergrande's shares worth?

Prior to the transaction, China Evergrande held 635 million shares of Evergrande Auto shares, but the market capitalization was only HK$2.41 billion due to a prolonged downturn in the share price. So, no matter who the buyer is, it's a smart acquisition.

5. Why does Evergrande want to sell?

The most direct reason is to repay debts; The secondary reason is that Evergrande Automobile is not alive in the hands of Evergrande. On January 29, 2024, China Evergrande was ordered to be liquidated by the Hong Kong court and needed to sell its assets to cash out.

6. What do buyers like about Evergrande?

In the hands of Evergrande Automobile, the two assets are very valuable. First, it has factories in its hands, and the factories that stop production are also factories; Second, it has dual qualifications to build cars.

If the buyer has money and the ability to trade, it may not be unprofitable.

7. Why did the buyer extend credit to Evergrande Automobile?

Another aspect of the transaction between the two parties is that the buyer will provide financial support to Evergrande Automobile. The reason is very simple, whether the purpose of the acquisition is to speculate or really to build a car, Evergrande Automobile has to live, survive, and be easy to raise and sell.

8. What is the difference between Evergrande's skyrocketing and Faraday Future?

Boss Jia played a financial game, reversing the equity split, increasing the stock price to avoid delisting; Evergrande has skyrocketed because of acquisition value, and its bigger problem is its mismanagement.

9. How many cars has Evergrande sold?

In 2023, Evergrande will produce a total of 1,700 vehicles off the assembly line and deliver a total of 1,389 vehicles, which is very bleak, but at least it can really build cars.

10. What are the highlights of Evergrande Automobile?

Evergrande is different from Faraday Future in that it is listed in Hong Kong, and its factories, production lines, employees, and qualifications are all in the mainland, so it can easily participate in market competition and has the ability to "resurrect in situ".

11. Can Evergrande Auto turn over?

Looking at the intention of the acquirer, it may be to speculate on the stock price, and then pull up the shipment, buy low and sell high; Maybe you really want to build a car.

12. If you build a car, what is the prospect?

The prospect is unclear, the competition in the domestic new energy market is very fierce, and it will take a long time for Evergrande to deal with its own problems, and the possibility of turning over in a short period of time is very low.

13. What enlightenment does Evergrande Automobile give to people?

There is no shortcut to building a car, and you can't pile up a car brand by piling up money.

Conclusion

The identity of the third party to acquire Evergrande Automobile is unknown, and it is difficult to say what the future direction of Evergrande Automobile will be. One thing is for sure, though, Evergrande Auto is more decent than Faraday Future. So, do you think the acquisition of Evergrande Automobile is a capital game, or does someone really want to build a car?

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