Haima Automobile's "Selling House for Survival" 20 19 realized "turning losses into profits"

Last night, Haima Automobile released its annual performance report for 20 19, and achieved an operating income of 4.69 billion in 20 19, which was 7.06% lower than that in 20 18. Although the operating income decreased, the net profit attributable to shareholders of listed companies turned from negative to positive, and the profit of 85 million turned into profit for the first time in four years, which is gratifying. But is this the case?

As can be seen from the performance report released above, the annual operating income in 20 19 was 4.69 billion, and the net profit attributable to shareholders of listed companies was 85 million, but the net profit after deducting non-recurring gains and losses was negative 730 million. Then what is non-recurring profit and loss? In fact, it is all kinds of income and expenditure that are not directly related to production and operation. In other words, the reason why Haima Automobile can turn losses into profits depends on this 820 million "income not directly related to production and operation", that is, the income from selling houses.

201May, 9, Haima Automobile sold 8 1 set of idle property in Haima Garden, Haikou City (with a total area of 628 1 m2), 269 sets of houses in Jinpan Industrial Development Zone, Haikou City (with a total area of14,685 m2) and 5 sets of shops/kloc-0. (with a total area of 2729 square meters), the total amount is 65438+68 million yuan. In addition, its holding of Henan Haima Property Service Co., Ltd.? Transfer all the shares of the Company to Qingfeng Real Estate Co., Ltd. (a wholly-owned subsidiary of the controlling shareholder). The transaction confirmed that the capital reserve was 2.02 million yuan and the investment income was 654.38+0.23 billion yuan. Transfer all the shares of Shanghai Haima Automobile R&D Co., Ltd. to Zhengzhou Ruizhishang Industrial Co., Ltd. (a wholly-owned subsidiary of the controlling shareholder). The transaction confirmed that the capital reserve was 654.38+0.65+4.38+0 million yuan, and the investment income was 543 million yuan. Add up to 834 million, which is also very close to the non-recurring gains and losses deducted above. It shows that the reason why Haima Automobile can turn losses into profits depends on the income from selling houses.

So what is the sales situation of Haima's main commercial vehicles? The report shows that in 2065438+2009, Haima Automobile sold 29,500 vehicles in its main business, down 56% year-on-year, which can be said to be halved; However, its new product SUV8S, which was mainly promoted by 20 19, did not improve its sales after its launch, and its sales in the first two months of 2020 were also very bleak. 1 147 10 sales decreased 13.56%,134 sales decreased by 92.88% in February.

Conclusion: 20 17 and 20 18, the audited net profit of Haima automobile was negative for two consecutive years. Since April 24, 20 19, the company's shares have been warned of delisting risks. Therefore, in order to prevent the listed company Haima Automobile from selling its properties, it finally achieved "turning losses into profits" after several efforts.

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