Home Business 360 gave up the capital increase, Nezha Auto responded: It is beneficial to the control of the team, and will start the share reform-OFweek New Energy Vehicle Network

360 gave up the capital increase, Nezha Auto responded: It is beneficial to the control of the team, and will start the share reform-OFweek New Energy Vehicle Network

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360 gave up the capital increase, Nezha Auto responded: It is beneficial to the control of the team, and will start the share reform-OFweek New Energy Vehicle Network

On June 26, 360 issued the “Progress Announcement on Foreign Investment”, stating that the company’s wholly-owned subsidiary plans to transfer its 3.532% equity in Nezha Auto, which it has not actually invested in, to Jiaxing Xinzhu Equity Investment Partnership. The enterprise and Shenzhen Jingcheng Open Enterprise Management Center agreed to waive the special rights including the right of redemption, the right of first purchase, and the right of additional investment, and the transfer consideration is 0 yuan.After the transfer is completed, 360 still holds 11.4266% equity of Nezha Auto

On October 19 last year, 360 disclosed the “Announcement on External Investment”, and planned to invest a total of 2.9 billion yuan in Nezha Auto with its own funds. As of June 26, 360 still has an unpaid investment of 1 billion yuan, corresponding to a 3.53% stake in Nezha Auto. After deliberation and decision, 360 will transfer the equity corresponding to this part of the investment, and the transferee is obliged to pay the target company an investment amount of 1 billion yuan.

On June 27, for 360 to give up the capital increase, Nezha Auto responded by saying: The fund of part of the equity transferred by 360 this time will form a concerted action person with the management team, which is conducive to improving the corporate governance structure and increasing the control of the management team. It is more beneficial to the long-term sustainable operation of various businesses of Nezha Auto. At present, Nezha Automobile is rapidly starting the company’s shareholding system reform.

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In 2021, Nezha Auto’ssalesA total of 69,674 vehicles, a year-on-year increase of 361.7%, sales in May 2022 exceeded 10,000, and sales in the first five months were 49,974. Among the new car-making forces, the delivery volume is second only to Xiaopeng.

Although the delivery volume of Nezha vehicles has grown rapidly, it is still in line with othernew energy vehicleThe problems faced by enterprises are the same, and Nezha cannot escape the hurdle of burning money. R&D and production require a lot of money.

According to 360 disclosure: Nezha Auto achieved revenue of 5.735 billion yuan last year, with a net loss of 2.908 billion yuan; in 2020, it will achieve revenue of 1.297 billion yuan, with a net loss of 1.321 billion yuan, a total loss in the past two years 4.229 billion.

Nezha Auto is not willing to stay in the low-end market of 100,000 yuan. At the beginning of June, it launched the Nezha S Yaoshi version, which is limited to 999 units in the world. The pre-sale price of the new car is 338,800 yuan, and it is expected to be delivered in the fourth quarter. . Impacting the mid-to-high-end market also means burning more money.

Among the new car-making forces, the first echelon of “Wei Xiaoli” has completed a double listing, and the second echelon of Leap Motor and Weimar Motors have also gone to the Hong Kong Stock Exchange. Ne Zha Auto, which is in urgent need of IPO blood transfusion, really needs to speed up its action.

Original title: 360 gave up the capital increase, Nezha Auto responded: It is beneficial to team control and will start the share reform

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