Dealers come to defend their rights again. How can Lifan get out of the financial difficulties?

According to relevant media reports, many Lifan car dealers have gathered in Lifan Vehicle Research Institute in Beibei District of Chongqing to claim compensation from the manufacturers. Some dealers said that Lifan was asked to quit the network in May 2065438+2009, but the deposit of150,000 yuan and the balance of more than 4,000 yuan have not been returned so far, and no one from the manufacturer has come forward to communicate with him, so he has to claim compensation through rights protection. The situation of other dealers is basically similar, with rebates, deposits and payment ranging from hundreds of thousands to hundreds of thousands. At present, more than 30 dealers have arrived at Lifan Vehicle Research Institute, and more dealers will arrive one after another today and tomorrow. It is reported that the main leaders of Lifan are currently working here. It is understood that the number of dealers in a rights group has reached more than 100.

As the first private passenger car manufacturer listed on the A-share market in China, it has been selected as one of the top 500 Chinese enterprises for many years and ranked in the forefront of Chongqing automobile and motorcycle industry for many years. However, it is such a car company that once enjoyed unlimited scenery, but it has been defended by dealers again recently. Moreover, this is not the first time that Lifan has been defended by dealers. As early as 2065438+August 2008, some suppliers of Lifan passenger cars publicly asked Lifan to settle the payment before agreeing to supply, while others agreed. In a letter from the dealer to chongqing lifan Automobile Sales Co., Ltd., the dealer listed in detail the main reasons for his rights protection, including: low product quality, high repair rate of engines, gearboxes and circuits of Maiwei and Xuan Lang models; Delaying the acceptance of building a store under various excuses and delaying the payment of compensation for building a store; Infringe on the rights and interests of dealers. At the same time, the letter shows that the above-mentioned obligee hopes to quit the network after receiving corresponding compensation.

In 20 19, Lifan Automobile encountered four door-to-door rights protection by dealers within 1 month. At that time, dealers demanded compensation for collective withdrawal from the network: first, full refund of deposit, shop building subsidies, rebates, sales funds and so on. ; Second, all the cars, spare parts and special tools in stock should be recovered; Third, fully compensate the dealers for their losses.

On the evening of June 18, Lifan Co., Ltd. issued an announcement to disclose the supplementary announcement of the company's accumulated litigation (arbitration) matters. According to the announcement, the company involved 392 lawsuits (arbitrations), involving a total amount of 2.906 billion yuan. Of the 392 cases, 22 1 cases have been decided, and Lifan is all the defendants, and it is necessary to compensate the other party for a total of183.6 million yuan. There are 82 cases pending trial, involving 580 million yuan. In addition, in the past 12 months, undisclosed litigation (arbitration) reached 268 million yuan. There are also lawsuits (arbitrations) of 1, 8 1. Due to the small amount of a single case, the total amount reached 654.38+64 million yuan.

Compared with Lifan's performance report, this nearly 3 billion debt almost overwhelmed Lifan. According to the performance report, Lifan achieved revenue of 7.4 billion yuan in 20 19, down 32.35% year-on-year; The net profit loss attributable to shareholders of listed companies was 4.68 billion yuan, a year-on-year decrease of 65,438+0,950.83%; In the first quarter of 2020, the revenue was 560 million yuan, a year-on-year decrease of 74.88%; The net profit loss attributable to shareholders of listed companies was 654.38+097 billion yuan, down 654.38+003.06% year-on-year.

In recent years, Lifan Automobile has encountered unprecedented operating pressure. In 20 19, the cumulative production and sales of lifan automobile were 18598 and 22536 vehicles, down by 78.62% and 75.52% year-on-year. The cumulative production and sales of new energy vehicles were 2,888 vehicles and 309 1 vehicle, down 7 1. 12% and 69.49% year-on-year. 20 19 10, it was reported that four automobile companies, including lifan automobile, would enter bankruptcy proceedings. According to the performance pre-loss announcement issued by Lifan on June 65438+1October 2 1 this year, it is estimated that the net profit for 20 19 will be a loss of 498 1 billion yuan.

June 2009 65438+ There are rumors that Geely Holding will acquire. Lifan Industrial (Group) Co., Ltd. had a daily limit at the end of the day, thinking that Lifan Automobile would usher in a turning point, but the news was subsequently denied by Geely Holding.

Lifan's performance has fallen sharply, which has a lot to do with the current sluggish sales. From June 5438 to May 2020, the sales of Lifan's traditional passenger cars dropped by 95.5% to 887, and the sales of new energy vehicles dropped by 54.5% to 460. Lifan once said in the announcement that Lifan's automobile business has faced stagnation and the domestic market has basically lost. At present, there are few export orders, and passenger car brands are at risk of being marginalized.

At present, the pressure of market competition is huge, and these uncompetitive enterprises are marginalized and evaded. For example, Huatai Automobile, Youth Lotus, which have already declared bankruptcy, and Beiqi Yinxiang, which stopped production last year and continued to encounter rights protection from dealers.

20 18 is the first decline in the automobile market in 28 years. Judging from the data in the first quarter of this year, market differentiation and elutriation are still intensifying. The insiders believe that the competition in China market will become more and more fierce in the future. With the reshuffle of the automobile market, more automobile brands may withdraw from the market in the future.

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