According to the Beijing News Shell Finance, on April 28, Changan Automobile disclosed its first quarterly report for 2022, showing that during the reporting period, the operating income was 34.576 billion yuan, a year-on-year increase of 7.96%; the net profit was 4.536 billion yuan. A year-on-year increase of 431.45%. On the same day, Avita announced that its new round of valuation has increased to 6.26 billion yuan, an increase of nearly 100 million yuan compared with the valuation when it launched its first capital increase and share expansion in November last year (the disclosed valuation was 788.2 million yuan at that time). 7 times.
At the same time, Changan Automobile also announced that it has reviewed and approved the “Proposal on Capital Increase and Share Expansion of Holding Subsidiaries by Public Listing”, agreeing that the company’s holding subsidiary Avita Technology will use the asset evaluation report as the basis for pricing to introduce investors to participate in the capital increase. Changan Automobile participated in the capital increase through a non-public agreement.
In addition, Changan Automobile also issued the “Changan Automobile’s Announcement on the Progress of Capital Increase and Share Expansion of Holding Subsidiaries by Public Listing”. The “Announcement” shows that Changan Automobile’s associate company Avita Technology has completed capital increase and share expansion, and its valuation will be increased by 2020. 788.2 million yuan on December 31, 2010, increased to 6.26 billion yuan; at the same time, Avita Technology was officially changed from a subsidiary of Changan Automobile to a joint venture, and Changan Automobile no longer owned Avita Technology. control, but still the largest shareholder.
According to the assessment report of Guorong Xinghua Assets Appraisal Co., Ltd. on the value of all shareholders’ equity of Avita Technology Company on the delivery date, with March 11 as the evaluation base date, the value of all shareholders’ equity of Avita Technology Company was 62%. .60 million yuan, a significant increase from 788.2 million yuan on December 31, 2020.
The main reasons are that firstly, the valuation on the delivery date includes the newly included capital of 2.42 billion yuan in this capital increase and share expansion;salesrevenue expectations have been raised.
According to the “Announcement”, Avita Technology and its shareholders believe that the delivery date of this capital increase and share expansion will be March 11. After the completion of the delivery, Avita Technology will change from a holding subsidiary of Changan Automobile to an associate company. It will no longer be included in the scope of consolidated statements, increasing the company’s net profit in the first quarter of 2022 by 2.13 billion yuan.
According to the Beijing News Shell Finance, a person from Avita Technology told Shell Finance reporter that after the capital increase and share expansion, Changan Automobile is still the largest shareholder of Avita Technology, with a shareholding ratio of 39.02%. The share ratios are:Ningde eraThe consortium holds 28.99%, the Chongqing Liangjiang Fund Consortium holds 20.88%, the Southern Assets Consortium holds 9.97%, and Shanghai Weilai Automobile Co., Ltd. holds 1.14%.
It is worth mentioning that it has been less than half a year since the brand’s global release in November last year, the first emotional intelligence of Avita Technology.electric carAvita 11 has completed the body-in-white off-line, as well as a series of tests such as extreme cold and durability. It has entered the third round of trial production, and more than 100 vehicles have been tested off the assembly line.
According to the official plan, Avita 11 will be officially released in the second quarter of this year, and will be mass-produced and delivered in the third quarter.
As the first full-stack standard Huawei HI (Huawei Inside)smart carThe high-end SEV brand of solutions, the first product Avita 11 will be equipped with the new generation CTP of CATLTernary lithiumbattery pack, longestbattery lifeIf the mileage exceeds 700km, 750V high voltage will be appliedChargeThe system is equipped with an industry-leading super-sensing system + super-computing platform, including 3 lidars, 6 millimeter-wave radars, 12 ultrasonic radars, 13 cameras, and 400Tops computing power, which can realize high-level intelligence for complex urban road conditions. drive.
Original title: The valuation is 6.26 billion yuan, a net increase of nearly 7 times!Avita officially changed to a joint venture