Judging from the hot search, Ruixing is a "start and finish" enterprise.

It's easy to understand that at the beginning of the year (January 31st), the short-selling institution Muddy Water broke the news that Luckin Coffee's financial and operating data were falsified, and for a time, Ruixing was pushed to the forefront. After nearly a year of twists and turns, on Wednesday, Ruixing reached a settlement with the US Securities and Exchange Commission (SEC) by paying a fine of US$ 18 million (about RMB 1.2 billion). This "hot search" attitude with a head and a tail is all very emotional.

Some netizens commented: "There is nothing in this world that money can't solve. Even if there is, it is not enough money." Although there is an exaggeration of money here, for Ruixing, paying a fine is the best choice.

regarding the settlement, Ruixing issued a formal statement, indicating that it will continue to cooperate with the supervision and provide consumers with high-quality, cost-effective and convenient products and services. Having said that, I feel that Luckin Coffee has a feeling of "Qian Fan is exhausted".

After all, Ruixun's share price plummeted by 1.74% on the day after the news broke, and by mid-June, Luckin Coffee's share price had plummeted to over 9%, and its market value had evaporated by more than $11 billion. On June 29th, Luckin Coffee officially suspended trading on NASDAQ and prepared to withdraw from the market.

Rui Xing deserved to be punished, but UCAR, led by Lu Zhengyao, chairman of Luckin Coffee, was also deeply implicated, which led to the stock price crash, and CAR Inc. also started four trips to sell herself.

fortunately, after experiencing a number of interested buyers such as Huaping Capital, BAIC Group, SAIC, Ambokai, etc., on December 15th, CAR Inc. announced that the sale of shares in UCAR was completed. Offeror MBK? Indigo, a subsidiary of Partners? Glamour? Company? Limited and concerted parties hold 443 million shares, which is equivalent to about 2.86% of the total issued share capital of CAR Inc. on the date of this announcement.

although the total revenue of CAR Inc. in the first half of this year decreased by 26.3% compared with the same period of last year, it was 2.759 billion yuan, and the net loss was as high as 4.338 billion yuan, especially when the net profit in the same period was 279 million yuan. However, judging from the total fleet size of 132,221 vehicles in CAR Inc., it is still the largest car rental brand in China. After the new shareholders take office, the stable CAR Inc. will obviously return to the right track.

On the other hand, Luckin Coffee, although it has saved money from disasters, but in the face of the United States' administrative+market-oriented punishment for financial fraud, Ruixun has only solved the problem of its administrative punishment at present. If Ruixing wants to go public in the United States, it still needs to solve the problem of investor class action lawsuit. But this is another story.

This week, apart from Luckin Coffee, the daily limit of Dongfeng Motor for many times and the announcement of bankruptcy progress issued by Tieniu Group, the controlling shareholder of Zotye, also caused heated discussion.

the biggest IPO

Dongfeng motor's performance in the stock market this week is undoubtedly remarkable.

Due to the daily limit of the stock for two consecutive days, on December 16th, Dongfeng Motor announced the abnormal fluctuation of the stock price, stating that the company did not have any major events that should be disclosed but not disclosed, including but not limited to major asset restructuring, share issuance, acquisition, debt restructuring, business restructuring, asset divestiture, asset injection, share repurchase, equity incentive, bankruptcy reorganization, major business cooperation, introduction of strategic investors and other major events.

in other words, it is its voluntary daily limit, not artificial means. Except for Wednesday, which ended with a 5.45% increase, Dongfeng Motor ended with a daily limit on Monday, Tuesday, Thursday and Friday. As of Friday's close, Dongfeng Motor's share price was 8.9 yuan/share, and its total market value reached 17.8 billion.

As for the reason of Dongfeng's surge this week, it has something to do with the new progress of Dongfeng Motor's landing in the A-share market. According to the announcement of the results of the 55th review meeting of the Shanghai Municipal Committee on the Growth Enterprise Market of Shenzhen Stock Exchange in 22, Dongfeng Motor Group Co., Ltd. meets the requirements of issuance, listing and information disclosure.

according to Dongfeng motor's prospectus, the proposed public offering of no more than 957 million RMB ordinary shares (A shares) (accounting for no more than 1% of the company's total share capital after this offering, assuming that the over-allotment option is not exercised) is expected to raise 21.33 billion yuan, which is expected to set the highest fundraising record in the history of the Growth Enterprise Market.

It is reported that the funds after financing are mainly used for research and development of Lantu automobile, new generation automobile and forward-looking technology development projects and supplementary working capital. Among them, the development projects of new generation automobiles and forward-looking technologies account for 7.7 billion yuan, and the research and development expenses of Lantu Automobile are 7 billion yuan.

Coincidentally, Lantu FREE, the first model of Lantu Automobile, made its debut last night. The new car is positioned as a medium-sized and large SUV with a wheelbase of over 2.9 meters, providing two power options: pure electric and extended-range electric. It is understood that the new car will be launched and delivered in the third quarter of 221.

Dongfeng motor can get such great attention this time, which is also related to its clear development plan for the future high-end intelligent brand Lanti. High-end intelligent cars represent the future direction, especially after the market value of new car-making forces such as Tesla, Weilai, Ideality, and Tucki have surged one after another, surpassing the traditional giant car companies such as Volkswagen and Toyota, the expectations of new car-making forces have also been pulled to a new height.

However, the Shanghai Municipal Committee inquired about Dongfeng Motor Group's technical reserves in the field of new energy. Due to the large investment in the field of high-end intelligent electric vehicles, the effect is slow, and there are still many changes in policies and markets, it is necessary to make long-term investments in platforms, three power technologies and other aspects. If the subsequent market performance of Lantu is not satisfactory, if it cannot be scaled up as soon as possible, Lantu will inevitably affect the operating indicators of listed companies.

It is worth mentioning that Dongfeng Motor entered the inquiry stage on October 17 after it was accepted by the Growth Enterprise Market on October 13 this year, and then on December 11, in just two months, Dongfeng Motor's application for A-share listing was reviewed and approved by the listing committee. This rhythm can be described as "lightning fast".

If Dongfeng Motor Group's A-share listing is successful, it means that it will become the fourth vehicle manufacturer to land "A+H" shares at the same time after Great Wall Motor, Guangzhou Automobile Group and BYD.

Tieniu regrouped and Zotye was "isolated"

Unexpectedly, in addition to Tesla, Weilai and other new forces, a dying Zotye also became a "guest" in this column. What I didn't expect was that Zotye's stock market performance was surprisingly good yesterday.

Yesterday, *ST Zotye opened at 1.43 yuan/share. As of 14:18, the stock rose by 4.86% to 1.51 yuan, which sealed the daily limit. However, the stock price fell back to 1.48 yuan/share at the close. In the last month, *ST Zotye * * * has been listed on the Dragon and Tiger List for times, indicating that *ST Zotye shares are not active. It is normal to be inactive. After all, the factory has stopped production and shutdown this year, and the rights of suppliers and distributors have directly pushed Zotye into bankruptcy and restructuring.

zotye once again entered the public eye with an announcement on the bankruptcy progress of its controlling shareholder on December 14th: "The company reminds investors that the scope of this reorganization does not include listed companies, and the company and Tieniu Group remain independent in assets, business and finance, which will not have a significant impact on the daily production and operation of the company ..."

Under the explanation, the general idea of this announcement is that Tieniu Group is bankrupt, including all subsidiaries, but Zotye. However, Zotye Automobile issued an announcement on September 23 this year to openly recruit investors, but no investors interested in Zotye have been heard within three months. On the other hand, Lifan, which was in crisis at the same time as Zotye, has caught up with Geely Automobile.

Although the bankruptcy reorganization of Tieniu Group does not include Zotye Automobile, Zotye New Energy Automobile Co., Ltd., a wholly-owned secondary subsidiary of Zotye Automobile, Hangzhou Jieneng Power Co., Ltd., Hangzhou Yiwei Automobile Industry Co., Ltd. and Zhejiang Zotye Automobile Sales Co., Ltd. have been ruled bankrupt and liquidated; Zhejiang Zotye Automobile Manufacturing Co., Ltd., a wholly-owned secondary subsidiary of Zotye Automobile, was ruled bankrupt and reorganized. This means that at the last moment of "car life", Zotye can only face this cruel world "alone".

Some people are happy for Zotye, because some people think that Zotye's performance compensation is expected to be taken back from the restructuring of Tieniu Group. In 216, Tieniu Group acquired 1% equity of Zotye Automobile with a consideration of 11.6 billion yuan, with a premium rate of 428.52%. At that time, Tieniu Group, the largest shareholder of Zotye Automobile, signed a performance gambling agreement.

according to the signed Profit Forecast Compensation Agreement and its supplementary agreement, Tieniu Group, as the compensation obligor, promises that the audited non-net profit of Zotye Automobile from 216 to 219 shall be no less than 1.21 billion yuan, 1.41 billion yuan, 1.61 billion yuan and 1.61 billion yuan respectively. If the promised performance is not achieved, Zotye Automobile will be compensated, and share compensation will be preferred.

previously, zotye automobile sued tieniu group, demanding the latter to honor its original commitment to compensate debts. However, according to the priority decision of cashing in the form of share transfer, it seems that this is not of substantial help to Zotye Automobile's predicament. If there were no heroes in the world holding cash, the equity of Zotye Automobile would not be meaningful.

judging from a series of operations of zotye automobile, it is obvious that it is unwilling to be buried by the torrent of the times, but in the face of the situation that there is no core technology and the brand image is as low as the bottom, it is difficult to turn over. Especially in the current global epidemic and economic downturn, the powerful are either immune to the cold or increase cooperation with other powerful people to keep out the cold. As a result, the end of Zotye seems to be clearly visible. The article comes from BusinessCars infringement deletion

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.