SMM News: as the concept of Science and Technology Innovation Board continues to heat up and Chery New Energy Company has recently changed its name, Chery New Energy has become the focus of market attention.
Recently, Chery new energy executives in an interview with the "Securities Daily" exclusive response, Chery new energy is indeed preparing for the landing section of the board. At the same time, management shareholding and incentives are also under way. "I hope to go public as soon as possible, if it can be listed by the end of this year, catch up with the first bus of Ke Chuangban new energy vehicle enterprises, which is of great significance."
Talking about the specific scale of the fund-raising, the above-mentioned person said that "the amount of fund-raising has not been set for the time being, but last year the company made a profit of more than 100 million yuan, which is already very rare in Science and Technology Innovation Board." In addition, according to people close to Chery New Energy, the company is in contact with a number of partners and is expected to bring in strategic investors before listing.
Independent listing attracts attention
Although the listing of backdoor conch profiles ended in failure, with the hot concept of Science and Technology Innovation Board and the recent renaming of the company, the first share of Chery New Energy or Qiuke Chuangban New Energy vehicle Enterprise has become the focus of attention.
Reporters noted that in recent years, Chery has been planning to sell assets, complete their own assets carding, paving the way for the company to go public. As early as 2015, Chery Motor has twice reduced its stake in Chery New Energy. In September of that year, Chery Automobile transferred a 30 per cent stake in Chery New Energy to Wuhu Construction Investment for a transfer price of 922 million yuan. In December, Chery transferred its 30 per cent stake in Chery New Energy to Wuhu Jianrui Equity Investment Fund at a price of 922 million yuan. These two large-scale reduction, is seen as Chery cars to raise the necessary funds for the development of Chery new energy.
Then in 2017, Chery sold shares in Guanzhi and Chery Brazil, and in 2018, Chery sold a 51% stake in Caiyi to Yibin Wuliangye. Since the end of 2018, Chery has sold a number of its properties, equipment and supplies, as well as idle vehicles and other resources. In September 2018, Chery New Energy was approved by the Ministry of Industry and Information Technology, becoming the eighth car company to obtain "double qualifications".
Until the end of May this year, "Chery New Energy vehicle Technology Co., Ltd." changed its name to "Chery New Energy Co., Ltd." and the main body of the market was changed from "other limited liability companies" to "other limited companies." once again, it opened up the imagination for the market to speculate about its independent listing.
At a recent press conference on the new car of Chery Little Ant, Zheng Tianbao, general manager of Chery New Energy vehicle sales Company, said in an interview with reporters that Chery New Energy's development performance has been at a leading level, especially after obtaining "double qualifications." already has the potential to be listed independently. "as the private market matures, demand on the C side is becoming the focus of our attention, and the proportion of sales is also shifting to the C side. To this end, we have to pay more capital investment, to achieve the listing is our most basic goal. "
It is worth mentioning that on June 27, the reporter interviewed Chery car spokesman Jin Yibo, he said at that time, "the company has no relevant information disclosed to the public, if there is a new news will be the first time to issue a notice." As of press time, "Securities Daily" reporter logged in Shangjiao Branch Chuangban stock issuance audit project to check, has not yet found Chery new energy submitted listing application.
The sixth switch affects the sales of compact trams
Chery's annual sales of new energy rose more than 100 per cent year-on-year between 2017 and 2018, according to the data. Despite losing to the annual sales target of 100000 vehicles, the overall performance is still among the top three independent brands of new energy, second only to BYD and BAIC. There are four models sold in Chery eQ, Ant eQ1, Areze 5e, Ruihu 3xe, Chery eQ as the pillar of sales, a total of 17000 units in the first five months of this year.
Zheng Tianbao said in an interview that 2019 small ants opened the prelude to the launch of Chery's new energy products in 2019, followed by Ruihu e and a new generation of Areze 5e models, which will be launched one after another in the second half of the year. In the future, a series of medium and high-end models will be developed based on LFS platform. There is also a high-end SUV product plan in the second half of this year, and next year will continue to develop an A + Class or B Class car based on the LFS platform and move in this direction in recent years.
However, in the context of the retrogression of the subsidy policy, the new energy vehicle enterprises will face a certain period of pain in the short term. The reporter noted that through the addition and improvement of quality, the price of small ants rose slightly compared with last year, but it is still not enough to digest and offset 50% of the decline.
Zheng Tianbao believes that in the long run, the retrogression of subsidy policy is beneficial to the development of the industry as a whole. From the report of the two sessions this year, we can see that the essential impact of subsidy retreat on the development of the industry is from car purchase subsidies to the basic construction of new energy travel, which will be more conducive to the development of the industry. According to it, Chery New Energy in the first half of the year still maintained a double-digit growth trend, better than the industry average. Excluding subsidies, profits are expected to be flat.
It should be pointed out that China's automobile market is becoming more and more complex this year. In addition to subsidizing the decline, the switch between the country's five countries and six emission standards has also indirectly affected the sales performance of the new energy vehicle market.
According to reporters, the current inventory of more than 2 million vehicles from 2000 dealers across the country has led to a serious lack of sales, resulting in the price of compact fuel vehicles even lower than that of compact electric vehicles. "2 million of the vehicles in stock will take at least a few months to digest and are not expected to improve until the end of the third quarter." Zheng Tianbao said that based on the above situation, Chery new energy will take the way of sales and production, not blind production, do not give dealers pressure warehouse.
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