GAC Ean's valuation of 100 billion yuan after the completion of the shareholding system reform

On September 6, GAC Ean announced on its official WeChat public account that the company had completed the reform of the joint -stock system, officially renamed "GAC Ean New Energy Vehicle Co., Ltd.", and introduced strategic collaborative directors, and will be listed in the future.

"The establishment of a joint -stock company is another milestone in the process of innovation and development of GAC. While relying on the advantages of the GAC Group's globalization system resources, it realizes the ecosystem of the 'industry+capital' double -wheel drive to provide the company with more powerful support for the company Create more market -oriented and international enterprises and further enhance the company's competitiveness and profitability. "GAC Ean relevant persons told the Securities Daily reporter.

Three -step plan

Establish a model of state -owned enterprises

In August 2021, GAC Ean announced that it would carry out a three -step plan of a mixed reform: the first step was to complete the asset reorganization, the second step of the employee holding and the introduction of war investment, and the third step to enter the capital market.

According to public information, the current GAC Group holds 93.45%of GAC Ean in a direct or indirect way, and is still the controlling shareholder of GAC Ean; 2%. At the same time, the employee equity incentive plan is an important part of GAC Ean's mixed reform. The equity incentive object contributed 1.782 billion yuan, involving 794 employees.

"GAC's mixed reform strategic goals are clear and the actions are clear. In terms of shareholders' introduction, employee holding and asset reorganization, a multi -dimensional, multi -model, and sub -step implementation plan has been formulated. Enterprises injecting strong development momentum have also made a strategic layout for the fierce competition in the future. "Sun Liancai, an expert in the State -owned Enterprise Reform Research of Peking University, told the Securities Daily reporter.

Wu Gangliang, a researcher at the Chinese Enterprise Reform and Development Research Association, believes that the employee equity incentive plan implemented by GAC Ean has explored the way the core employees who create value sharing the future development bonus of the enterprise, and for the future state -owned enterprise implementation employee shareholding plan, scientific and technological personnel incentives The measures are provided with guidelines and reference.

"GAC Ean is the only company in Guangdong Province that is included in the new energy promotion plan of the country's independent brand. This reform GAC Ean is at the forefront of the country and has established a model for the reform of mixed ownership of state -owned enterprises." "Securities Daily" reporter said in an interview.

A round A financing amount and post -investment valuation

Judong Creation Industry Stepper

GAC Ean's capital increase and share expansion plan shows that A -round of Guangqi Ean will dilute about 15%of the shares to introduce no more than 70 strategic investors, and the investment amount of a single investor is not less than 100 million yuan. March 23.

"This time, the valuation of GAC Ean was about 85 billion yuan before investment, the financing was 15 billion yuan, and the valuation of the post -investment was expected to reach 100 billion yuan. It is also the highest valuation before the IPO of the new energy vehicle company. The specific A round strategic investment list is expected to be announced in October to strive to achieve the IPO next year. "The relevant person from the above -mentioned GAC Ean told reporters.

According to incomplete statistics, among the new domestic vehicle -building enterprises, GAC's Series A financing and post -investment valuations all reached a new high in the industry. The financing amount of BAIC Blue Valley A round is about 3.1 billion yuan, and the valuation of the post -investment is about 8.2 billion yuan. Recently, the zero -run car that passed the Hong Kong Stock Exchange listed hearing. The A round of financing was 2 billion yuan. At 8 billion yuan, the IPO plans to raise about 1.5 billion US dollars. The financing volume of Xiaopeng Automobile and the ideal car A round was 2.2 billion yuan and 780 million yuan, respectively.

"GAC Ean has created a new milestone in the field of new energy vehicles. New energy vehicles are not only capital -intensive industries, but also technology -intensive industries. Investors are very concerned about the company's product research and development capabilities and technological innovation capabilities. Innovative products to strengthen their market position. "Zhang Xiaorong, Dean of the In -depth Science and Technology Research Institute, told reporters.

It is reported that GAC Ean sold a total of 27,000 cars in August, an increase of 133%year -on -year, ranking first in domestic new energy passenger vehicles and sales lists. Essence Some time ago, Zeng Qinghong told reporters: "The group's requirement for Ean is that this year's sales reached 200,000 units, but Gu Huinan, general manager of GAC Ean, took the initiative to say that it would reach 250,000 units and impact 300,000 units."

"From the perspective of sales, consumers are more recognized as GAC Ean, and they are backed by GAC Group, which has a great advantage in R & D and capital strength." Said Zhang Xiang, a special expert in China Bo Lian Think Tank. In

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