_ In the past, the domestic God car was about to return to the market, and 6 billion was approved.

The once domestic god car is about to return to the market.

On the evening of 65438+1October 65438+1October 8, ST Zhongtai (000980) announced that the company would roll off the first approved production model at Yongkang base in Zhejiang on October 20. This is also the first time that the whole vehicle has gone offline since the bankruptcy and reorganization of the company. This also means that this once-popular car company has taken a substantial step on the road of returning to work and production.

In addition, the 6 billion yuan production increase plan previously announced by ST Zhongtai was also approved by the shareholders' meeting. In the secondary market, ST Zhongtai 18 pulled the daily limit in early trading, which caused widespread concern in the market. However, some investors questioned why they should go offline to eliminate models.

6 billion yuan will be approved by the shareholders' meeting.

ST Sino-Thai announcement shows that the company has been committed to the resumption of automobile production since the completion of restructuring at the end of 20021. At present, preparations for resuming production have been basically completed. The company plans to launch the first approved T300 model in Yongkang base on June 20th, 2022, and hold the off-line ceremony.

It is understood that the T300 model is a small SUV owned by Zotye, and its previous price was between 45,900 and 93,800 yuan. Recently, ST Zhongtai intensively warmed up off-line vehicles on the interactive platform. The company said that the main task this year is still to resume work and production, and T300 is one of the priority models for the company to resume production, including T300 and T300EV.

In fact, since the completion of the restructuring at the end of last year, the resumption of production of st Zhongtai has not been moving, which has also aroused doubts from investors, and there are rumors that its qualification for building cars has been cancelled. However, the company denied this rumor at the end of September. The company has repeatedly stated that the company's resumption of production is progressing smoothly and no policy obstacles have been found.

It is worth noting that at the shareholders' meeting on June 5438+08, the 6 billion yuan fixed increase plan previously announced by ST Zhongtai was passed. Previously, ST Zhongtai aimed at the resurrection opportunity brought by new energy, and announced the non-public offering plan in June this year. According to the plan, ST Zhongtai plans to issue no more than 65.438+52 billion shares to no more than 35 specific investors, and raise no more than 6 billion yuan. 4.73 billion yuan of the raised funds will be used for the new energy intelligent networked vehicle development and R&D capability improvement project.

In addition, on August 19, st Zhongtai also announced that it had signed a cooperation agreement with the people's government of Bishan District, Chongqing, and the two sides would build a deep cooperative relationship in the development and construction of intelligent networked new energy vehicle projects. ST Zotye will establish an intelligent networked new energy vehicle R&D and production base project in Bishan, and transform and build a production base with an annual output of 654.38+10,000 new energy vehicles.

A series of serial actions also suggest that this smash hit domestic magic car will return to the market soon, but the final effect will take time to test.

The 15.55438+0% equity held by Tieniu Group will be disposed of.

ST Zhongtai's 2022 semi-annual report shows that the company's revenue in the first half of the year was 298 million yuan, down 22.40% year-on-year, and its net loss was 277 million yuan, down 63.2 1% year-on-year.

In addition to the fact that the performance has not been revised, ST Zhongtai still has a big problem hanging in the air. Its shareholder Tieniu Group was accepted for bankruptcy by Yongkang People's Court, but Tieniu Group still holds 786 million shares of ST Zhongtai, accounting for 15.5 1%, which is in a state of restricted sales and freezing, of which 648 million shares are pledged.

According to its announcement on August 24th, 786 million shares of st Zhongtai held by Tieniu Group will be auctioned and disposed of according to law. According to the plan, the pledgee requests the bankruptcy administrator to auction the pledged shares; For pledged shares, priority creditor's rights, bankruptcy expenses and * * * beneficial debts of Tieniu Group do not participate in the physical distribution of pledged shares, and ordinary creditor's rights compensate pledged shares in proportion to the amount of creditor's rights.

The company made it clear that the above-mentioned equity disposal will not lead to changes in control rights. At present, Jiangsu Shenshang Holding Group Co., Ltd. and its concerted parties hold a total of 65,438+02.28 million shares of ST Zhongtai, with a shareholding ratio of 24.22%, and are the controlling shareholders of ST Zhongtai.

In addition, Tieniu Group still owes ST Zhongtai 65.438+0.395 billion yuan in performance compensation. However, according to the current state of Tieniu Group, whether this huge compensation can be obtained still needs to be questioned.

Once ranked eighth among local car companies.

Previously, ST Zhongtai was sought after by consumers for copying the appearance of luxury cars.

In 20 16, Zotye launched Zotye SR9, which looks like Porsche Macan. Although the market has different opinions, it has also achieved good sales results. According to the statistics of China Passenger Association, in 20 16 years, the cumulative annual sales volume of Zotye Automobile reached 334.38+0 million; In 20 17, Zotye Automobile ranked eighth in the sales list of local car companies in China.

However, the good times did not last long. Zotye Auto did not pay attention to the research and development of technical reserves, but focused on the design of appearance, which led to its increasingly weak competitiveness in domestic brand terminals. In 20 18, the sales volume of ST zotye decreased to 154800 and 20 1 16600. Since 2020, ST Zotye has been in a state of semi-stop production or stop production for a long time, and the long-term utilization rate of production capacity is zero.

In September 2020, ST Zhongtai, which was seriously insolvent, entered bankruptcy and reorganization. In February 2020, Tieniu Group, the controlling shareholder at that time, was also ruled to terminate the reorganization procedure and declare bankruptcy. 202 1, 10 Jiangsu Shenshang Holding Group Co., Ltd. made a restructuring investment of 2 billion yuan in ST Zhongtai, replacing Tieniu Group as the controlling shareholder. June 5438+February of that year, the reorganization plan of ST China and Thailand was completed.