After the acquisition of the acquisition, the Evergrande Group announced that the Evergrande Group announced the official mass production of Hengchi 5 Tianjin Factory

Author:Securities daily Time:2022.09.17

Reporter Gong Mengze

On September 16, Evergrande Motor held a mass production ceremony for its first new energy vehicle "Hengchi 5" in its factory in Tianjin. Hengchi Automobile President Liu Yongzhuo and other companies attended the mass production ceremony.

"Hengchi 5 realized the first vehicle offline on December 30 last year. Global pre -sale was opened on July 6. The order of less than 15 days was over 37,000. Today, it is officially mass -produced and delivered in October." September 16th. " On the day, Evergrande Group officially announced the official mass production of Hengchi 5 in the official website. Evergrande Group pointed out that Hengchi 5 mass production is a major milestone of Hengchi Automobile. In the next step, the company will accelerate the production and development of other models.

"Securities Daily" reporter learned from the people from Hengchi Automobile that the company has clearly clarified the offline and mass production timeline of Hengchi 6 and Hengchi 7, and accelerated the R & D and Hengchi 3 R & D progress.

"But the specific mass production and offline progress are based on the actual", "said the above -mentioned Hengchi car people.

According to the reporter's observation, since June 2018, Evergrande Group invested in Jia Yueting's Faraday Future FF Company, this year is the fourth year of Evergrande Group's entry into the new energy vehicle industry. From the investment in new energy vehicle companies to the establishment of a factory to produce and sell new energy vehicle products, Evergrande's "car building" has invested expenses.

Evergrande Automobile's 2020 annual report shows that Evergrande Group's total investment in the new energy vehicle industry is 47.4 billion yuan. In the first half of 2021, Evergrande's sales costs were 1.451 billion yuan, and administrative expenses were 2.088 billion yuan. Since then, Evergrande Automobile has been suspended since the end of March this year, and has not announced relevant performance data.

The reporter checked the company's previous year's financial report. The data showed that from 2018 to 2020, Evergrande Motors achieved total revenue of 3.133 billion yuan, 5.636 billion yuan, and 15.487 billion yuan, with a compound annual growth rate of 70.35%. However, the loss of net profit at home has continued to increase, with 1.428 billion yuan, 4.426 billion yuan, and 7.394 billion yuan, respectively, and a cumulative loss of three years reached 13.248 billion yuan.

It is worth mentioning that at the same time that the news of the Hengchi 5 mass production was released, there were rumors that Evergrande Motors would be acquired by GAC Group Corporation, and the independent team organized by the GAC Group to take over. The general manager Wu Song is responsible. And this merger and acquisition belongs to the government's behavior, and the parties are still in the anxiety stage.

In response, the reporter of the Securities Daily initiated to verify with both Evergrande Group and GAC Group. GAC Group officially stated: There is no such thing; Evergrande Group responded: "The company has been actively introducing strategic investors. As of now, there are both local governments and many powerful companies expressed their investment intentions to Hengchi Automobile, and there is no existence of existence of existence. The acquisition of the acquisition. "

In fact, it is reported on August 18 this year that Evergrande Motors may be acquired by a car company, and the Tianjin plant will be discontinued. In an interview with the Securities Daily reporter, Liu Yongzhuo said that the production of the Tianjin plant is normal, and the Hengchi 5 mass production is being promoted in an orderly manner. "We have more than 1,800 employees fighting in the front line of the Tianjin factory to ensure that mass production and delivery in October."

According to the data, on December 30 last year, Hengchi 5 realized the first car offline; on July 6 this year, the new car pre -sale was opened; on September 16, Hengchi 5 was mass -produced in the Tianjin factory, and it is expected to be delivered in October. According to the reporter's understanding, the delivery of Hengchi 5 will be carried out in two batches -the delivery period of the first 10,000 Hengchi 5 is from October 1st to March 31, 2023, and will be delivered in accordance with the "Dading" payment order. After 10,000 vehicles, Hengchi 5 will be delivered from the order of payment deposit from April 1, 2023.

In terms of mass production, according to the initial statement of Evergrande Motor, the production production in the first half of 2021, mass production in the second half of 2021; then it became a trial production in the fourth quarter of 2021, and was delivered in large quantities in 2022. Affected by the epidemic factors, the production time was adjusted from June 22, 2022 to September 20.

According to the requirements, Evergrande Automobile needs to publish mid -2022 mid -term results on August 31, 2022, and the relevant audit and review work is still ongoing. Evergrande Motors said that after the relevant procedures are completed, it will release the annual results of the 2021 as soon as possible and the mid -term performance of 2021 as soon as possible. As of the suspension, Evergrande's stock price was HK $ 3.2, with a total market value of 34.7 billion Hong Kong dollars.

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