Draw up 6 billion yuan in fundraising!"Bao Shitai" depends on the new energy transfers?

ST Zotyin, who had successfully picked "Star" less than two months, disclosed a fixed -increase plan of 6 billion yuan and caused heated discussions.

A few days ago, ST Zotye (SZ000980, stock price was 3.7 yuan, and market value was 18.856 billion yuan) released the "2022 Non -public A -share Stock Plan" (hereinafter referred to as the plan) stating that the company's proposed funds to raise funds should not exceed 6 billion yuan, of which " The intended to invest funds for the development and development capacity improvement project of New Energy Intelligent Connected Automobile, accounting for nearly 80%of the total fundraising funds. "After the reorganization is successful, the company's future development focus will be placed on an electric car." On June 15, the person in charge of ST Zotye said in an interview with the reporter of "Daily Economic News".

Picture source: ST Zotye Announcement

For ST Zotye's fixed increase of 6 billion yuan, some netizens teased: "Only went to the ICU and went to the nightclub again."

Capital market sources have different evaluations of this ST Zotye's plan. "Because it is non -public issuance, the possibility of successful increase of 6 billion yuan is very high." Shen Meng, executive director of Kan Song Capital, said in an interview with reporters that a car company close to bankruptcy may take this opportunity to transform successfully. Sex is not great.

Cao He, President of the Investment Management (Beijing) Co., Ltd., also said that in the next round of the automotive industry structure adjustment, there is still great uncertainty whether Zotye Motor can survive.

After the Plan Plan was released, ST Zotye closed two daily limit boards on June 13 and June 14. Wind data shows that from January 1, 2021 to June 14, 2022, ST Zotye's daily limit of 113 days ranked first in A shares.

Although ST Zotye was in dilemma such as bankruptcy and reorganization, factory shutdown, and huge losses for years, the stock price of the A -share market in 2021 soared all the way, which was called "monster stocks" by the outside world.

The fixed increase of 6 billion yuan of uncertainty 35 specific investors are looking for

The plan shows that the non -public issuance objects are no more than 35 specific investors, including securities investment fund management companies, securities companies, trust companies, financial companies, insurance institutions investors, qualified overseas institutions investing in the China Securities Regulatory Commission Those waiting for people. "At present, the related work of the plan is steadily promoting, and the investment target is still looking for the process." Metallurgical funds are still uncertain.

It is reported that the actual scale of the fundraising funds will not exceed the scale of funds for fund investment projects. The plan shows that the project raised funds Investment includes the development and research and development capabilities of new energy intelligent connected automobiles, channel construction projects, and supplementary mobile funds. 6 billion yuan, and the total investment in the construction of the three projects was about 6.371 billion yuan.

Picture source: ST Zotye Announcement

Due to the uncertainty of the fundraising funds, the relevant person in charge of the above ST Zotai told reporters that if the fund is not raised, the company will enable existing reserves or find other ways to raise it.

For ST Zotye's initiative to "make up" its own funds, it is very difficult to speculate. Official data show that from 2019 to 2020, ST Zotye's net profit is -11.19 billion yuan and -10.801 billion yuan, respectively, a total of 21.991 billion yuan. At the end of 2021, ST Zotyin completed the reorganization during the reporting period, and the loss was significantly narrowed to about 706 million yuan.

ST Zotye's internal staff told reporters that because the company had just reorganized, there was a part of reorganization income, and some available funds on the company's account.

ST Zotye said that the company's reorganization plan has been implemented in December 2021, and the core issues that affect the company's continuous operation have basically been resolved. At the same time, the issue of non -operating occupation of listed companies has been completely resolved.

The person in charge of the above ST Zotye Thai told reporters that in the future, the company will lay out in core areas such as new energy vehicles, intelligent connected cars, and autonomous driving to increase independent research and development investment.

In an interview with reporters, Cao He also analyzed that ST Zotai wanted to get rid of the predicament, and he needed to conduct a comprehensive transformation and upgrade from various aspects such as products, technology, and marketing.

The product positioning is 150,000 to 300,000 yuan.

The plan shows that the planned increase of 6 billion yuan of funds issued by ST Zotye is mainly used for the establishment of new products, technology, and marketing channels. "In the future, the company will invest a lot of research and development capabilities in the fields of smart driving, smart cockpit, tri -electrical systems, exquisite technology, electronic appliances and other fields to form more independent intellectual property results." The person in charge of the above ST Zotye Thai said.

Among them, the total investment in the development and research and development capabilities of New Energy Intelligent Connecting Automobile was approximately 5.037 billion yuan, and it was intended to invest 4.732 billion yuan. The specific contents of the project include the development of new energy intelligent connected cars, common technology research and development and research and development centers.

In terms of the development of new energy intelligent connected cars, ST Zotye plans to develop 4 new energy and intelligent connected passenger cars based on three platforms, including three pure electric large and medium -sized SUV models and one pure electric car model. "As of now, the company's first new model design has been completed, and it is now in the development stage of the vehicle. The new car is expected to be launched at the end of this year." In March of this year, an insider of ST Zotye had revealed to reporters. However, the internal staff of the above ST Zotye admitted to reporters that the company cannot determine the time of the first new car released, but it may not be fast.

It is reported that the re -departure ST Zotye has aimed at the high -end and high -end new energy vehicle market of 150,000 to 300,000. "At present, the company's 4 new models are still in the research and development stage. The specific price needs to be determined later, but the product pricing range is probably this position (150,000 ~ 300,000)." There is still a long period of time for the model pricing, and it is not ruled out that some changes will be adjusted in the middle.

In fact, after the reorganization of the reorganization in December last year, ST Zotye's reorganization plan was clear that it was clear that it would be desperate to deploy the mid -to -high -end new energy vehicle market.

However, in the opinion of Cui Dongshu, secretary general of the National Passenger Vehicle Market Information Association, ST Zotye's opportunity is more difficult to seize the mid -to -high -end new energy market in the middle and low -end new energy vehicle market. "Entering the mid -to -high -end market, not only requires a lot of funds to invest in the early stage, but companies must also have a deep technical accumulation. Especially after foreign -funded new energy models have entered the Chinese market, Zotye Motors is very likely to split a cup from it. The low -end new energy vehicle market is different, and the future development potential is very great. "Cui Dongshu analyzed in an interview with reporters.

In fact, in 2005, ST Zotye began to invest in new energy vehicle research and development, and successively launched a number of new energy vehicles such as Yun 100, Sesame E30, E200, and Damai A3. Public data shows that in 2016, of the top 10 domestic pure electric vehicle models in the country, Zotye Motors Cloud 100 and E200 were shortlisted.

Photo source: Zotye Automobile official website

The laying channel is another purpose of ST Zotye's plan to raise funds this time. According to the plan, Zotye Automobile is planned to build 216 self -operated stores in 100 cities including Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Nanjing, and Suzhou in the next two years, covering the main target market, and paving the road for the company's upcoming new products. Essence

According to the internal staff of the ST Zotye, the ST Zotye Channel Construction Project is mainly an experience store for the construction of a direct -operated model. "Because the company sells new energy vehicles in the future, the direct -operated store model that uses new forces such as Weilai and Tesla and other new vehicles meets the current market consumption demand." The above State Thai staff of the State said.

However, the relevant person in charge of the above ST Zotye emphasized that the company mainly builds a direct -operated store, but the future marketing model may adopt the "new direct -operated model+traditional 4S store marketing model".

"Three months" from the "three months" to re -production and re -production time to be determined

Since the opening of the market on May 20, 2022, Zotye Automobile's stock has revoked the risk of delisting and continued to implement other risk warnings. The stock abbreviation will be changed from "*ST Zotye" to "ST Zotye". However, it is still "three months" from successful removal.

"If the company can determine that the normal production is restored within three months, the company's stock code can successfully remove the hat." The above ST Zotye relevant staff said that because it is difficult for the company to determine the time of re -production and production, it has not submitted the relevant " "Hat" file.

Picture source: ST Zotye Announcement

The person in charge of the above ST Zotye Thai told reporters that since the reorganization is completed, the company has been working hard for the factory to resume production and re -production, and has achieved certain results. Essence

As of the end of 2021, ST Zotye's design capacity was 685,000. At present, major bases under ST Zotye are in a state of suspension, and the capacity utilization rate is 0.

ST Zotye is traveled to the production and suspension of production, dating back to 2019. Since the beginning of 2019, the ST Zotye and the subordinate vehicle sector -related subsidiaries have gradually fallen into the business crisis and financial crisis and become increasingly serious. From October 2020 to June 2021, eight subsidiaries under ST Zotye were in a debt crisis and were successively bankruptcy by the court.

Since 2020, the automotive production bases under ST Zotye have basically been discontinued and semi -suspended, and will be discontinued by 2021.

On June 9, 2021, because ST Zotye could not settle the debt due and the possibility of obvious ability to clear the repayment, Jinhua Intermediate People's Court ruled to be reorganized in accordance with the application of the creditors, and specifically specified the manager to carry out the reorganization work in accordance with the law. Essence

On December 1 last year, ST Zotye Reorganization plans to be approved and terminated by the Jinhua Intermediate People's Court. It will be taken over by Jiangsu Shenshang Holdings Group Co., Ltd. and a drastic reform of ST Zotye's previous development model.

The reporter consulted Qixinbao and found that on February 25 this year, the legal representative and chairman of Zotye Motors changed from Hu Shuiyi to Huang Jihong. "After taking office, the new boss (that is, Huang Jihong) began to set up a new team, which not only determined the company's development direction to the development of new energy transformation, but also clarified that the company's model will be fully developed." In early March, the internal staff of Zotye Motors had faced the personnel to the people of Zotye Motor. The reporter revealed. The plan to formulate an increase of 6 billion yuan is implemented by the ST Zotye's new executive team. Huang Jihong is the final decision maker.

It is worth mentioning that, in addition to leading this fixed increase, Huang Jihong also led the acquisition of Shanghai Junqu Automobile Technology Co., Ltd. (hereinafter referred to as Junqu Automobile) at the beginning of this year, and opened a large -scale high -paying recruitment. For new energy vehicles, intelligent networking and other related technologies, personnel.

Earlier, the relevant person in charge of Junqu Automobile stated in an interview with reporters that the reorganized Zotye Motors will transform its solidified traditional car -making thinking and completely transform to electrification and intelligence. After re -production and re -production, Zotye Motor will not reproduce traditional fuel vehicles.

For the no longer producing "fuel vehicles", the above -mentioned person in charge of ST Zotye gave different answers. "The company's future development is definitely mainly based on trams (electric vehicles), but it has not said that it will fully abandon the production of fuel vehicles." The person in charge of the above ST Zhongtai said that because the company has some old models, there may be a certain market.

Daily Economic News

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