Baoneng Group increased its holdings by 654.38 billion yuan, and Baoneng Automobile could not even pay its salary?

Recently, some netizens broke the news that after 10 months of unpaid wages, Baoneng Automobile lost a lot of staff in various business segments, its business was almost paralyzed, and its system was facing collapse. However, at this time, Baoneng Group has attracted wide attention from the outside world because it increased its shareholding in China Southern Glass Group Co., Ltd. ("CSG").

According to the official announcement of Baoneng, based on the recognition of CSG's confidence in its future development prospects and value growth, its indirect holding subsidiary Shenzhen Guanlong Logistics Co., Ltd. (hereinafter referred to as "Guanlong Logistics") increased its holdings of CSG160,000 shares at the price of 6.62 yuan per share on March 7, 2007, accounting for 0.0052% of CSG's total share capital.

At the same time, according to the plan of Baoneng Group, Guanlong Logistics will also increase its holding of CSG shares by 5% to 6.26% within half a year, and all the increase funds will come from self-raised funds. At that time, I couldn't help thinking, can Bao be rich again? What is the current status of Baoneng Automobile?

0 1

Suspected "flicker" plus code

However, a letter of concern sent by Shenzhen Stock Exchange to CSG also unveiled the last "fig leaf" of Baoneng Group.

It is reported that Baoneng Group holds 0/00% shares of Hualitong/KLOC-through Ju Shenghua, Hualitong holds 5 1% shares of Guanlong Logistics and 0/00% shares of Zhongshan Runtian/KLOC-respectively, and Zhongshan Runtian is a CSG shareholder. In other words, Baoneng Group originally owned shares in CSG.

Only in the second half of last year, part of the shares of CSG held by Baoneng were auctioned by the judicial authorities due to debt disputes. According to the announcement disclosed by CSG last year, Zhongshan Runtian held 99.99% of the shares of CSG as pledge, and reduced its total share capital by 65,438+0.065,438+0% from July 29th to February 7th, 2022.

Moreover, the shares of listed companies such as Zhongju High-tech and Shaoneng held by Baoneng Group and its subsidiaries were also enforced by the court, and there was a judicial auction.

Therefore, Shenzhen Stock Exchange requires relevant information disclosure obligors to explain in detail the specific sources of self-raised funds, including but not limited to whether they are loan funds, wealth management funds, asset management plan product funds or other financial derivative products funds, and whether the corresponding funds can guarantee the implementation of the fixed-income plan, which leads to great uncertainty in the fixed-income plan, indicating whether the relevant fixed-income plan is realizable and operable, and whether there is a large leveraged buyout or a "flickering" fixed-income plan.

After all, the lower limit of the planned shareholding ratio of Baoneng Group is relatively high. According to the average price of 6.62 yuan per share when Guanlong Logistics previously increased its holdings of CSG, Baoneng needs to invest more than 654.38 billion yuan to complete its holdings. However, all kinds of situations show that Baoneng Group can't come up with so much money in a short time.

According to the information disclosed by enterprise investigation, Baoneng Group currently involves 390 judicial cases, 22 records of dishonesty, 22 records of non-performance and 28 records of executors, with a total execution amount of 38.488 billion yuan. This also means that Baoneng Group has taken care of itself. In this case, it is difficult for Baoneng Automobile to be immune.

02

The car business is a mess?

According to the data, Baoneng Automobile owns three brands: Baopai, Qoros Automobile and Youbaoli. Since the beginning of this year, the only development of Wechat business, the official of Baoneng Automobile, was the groundbreaking meeting attended by Yao Zhenhua, CEO Yukio of Baoneng Automobile and nearly 400 employees of Baoneng Automobile Headquarters.

At the meeting, Yao Zhenhua said that 2023 will be a crucial year for Baoneng Automobile, and it is necessary to concentrate superior resources to ensure the mass production, sales, R&D and other key tasks of key models. Among them, the whole vehicle project should speed up the release of production capacity, and the Youbaoli A3 model will be the top priority in the business plan, so as to ensure the mass production of A3 models. In addition, the key work of GX 16, A6 and other vehicles will be promoted, and the first DS05 vehicle will be rolled off the assembly line.

On the other hand, these three brands, Bao brand, a luxury intelligent new energy vehicle brand, have been silent since they appeared in GX 16 (internal code) and GX 18 last June. The Qoros brand sold 23 vehicles in the terminal market in June this year at 5438+ 10. In February, he was listed as the executor for failing to fulfill his legal obligations on time. Up to now, Qoros Auto has been executed with a total amount of about 983 million yuan, and its assets are still being disposed of.

Positioning Youbaoli, a small electric car, has become the only possibility for Baoneng to turn over. It is reported that Youbaoli was founded on 202 1. At that time, Wuling Hong Guang MINIEV was in the limelight, and Baoneng Automobile also wanted to take the opportunity to enter this market for sale, so this unknown Youbaoli brand came into being.

In September last year, Baoneng Automobile held the first dealer partner conference of Youbaoli, unveiled the first A3 model, formulated the sales system of "direct selling plus dealers", launched investment promotion for the whole country, successively completed the distribution channels of hundreds of cities including Shandong, Jiangsu and Henan, and signed contracts with partners such as Zhejiang nine purple New Energy and Fujian Step Science and Technology Group. It is understood that Youbaoli has completed the channel network construction of 100, and more than 200 intentional dealers are about to sign contracts.

However, the good times did not last long. In February this year, Xi Anbaoneng Base, the mass production factory of Youbaoli's first product A3, welcomed the first "greeting" from the dealer.

It is understood that although the threshold for joining Youbaoli is not high, it still needs about 6.5438+0.3 million yuan, including a deposit of 6.5438+0.2 million yuan and a fare of 6.5438+0.2 million yuan. The store is required to be about 200 square meters, with certain after-sales maintenance ability, and the applicant's assets are in good condition.

Considering the fact that funds and new cars have not yet been mass-produced, Baoneng Automobile has to start the work of maintaining the stability of dealers nationwide. "Agent Youbaoli's dealer friends told me that they were informed that they could realize the mass production of Xi 'an base in April-May, please rest assured. "Some people told Auto Talk that, in his view, the long-term wage arrears of Baoneng Automobile led to the collapse of employees' confidence, and the project had no financial guarantee, so there was basically no possibility of mass production this year.

In addition, according to insiders of its Xi 'an base, hundreds of factory workers who have been recruited for several months have been on holiday for a long time. At present, they continue to leave their jobs without pay, and the equipment of the factory has also been locked by suppliers, and some have also affixed the seal of the court, so it is impossible to talk about mass production of products.

In other words, after the closure of hundreds of directly operated stores in Qoros for more than a year, Baoneng Auto Youbaoli may also usher in a large-scale dealer withdrawal tide. At this time, the only thing Baoneng Automobile can bet on is A3 mass production. However, even if mass production is successful, the road ahead of Baoneng Automobile is still difficult.

This article comes from the author Hao, and the copyright belongs to the author. Please contact the author if reproduced in any form. The content only represents the author's point of view and has nothing to do with the car reform.