Wuling Automobile has made a fire. Wuling Hongguang, the God of automobiles in autumn, is willing to bow down?

category:Finance
 Wuling Automobile has made a fire. Wuling Hongguang, the God of automobiles in autumn, is willing to bow down?


However, although the story is a long time ago, Wuling miracles were reproduced in the Jianghu. But this time the protagonist is no longer Wuling Hongguang, but its brother brand Wuling Rongguang.

Local economy ignited Wuling Automobile

On June 3, the stock price of Wuling Automobile (00305. HK), a Hong Kong listed company, soared. At one time, it rose by more than 120% and the highest transaction price was HK $0.45/share. As of the closing, the companys share price rose 53.27% to HK $0.305/share, with a total market value of HK $938 million.

In the evening of that day, Wuling Motor said that it was confirmed by the board of directors that it did not know any reason for the rise of share price and trading volume, or any information that must be announced to avoid false market conditions of the companys securities, or any insider information that must be disclosed.

So why did Wuling auto, which has always had a flat share price and has long been a fairy stock, suddenly see its share price soar? The reason for this has to start from the recent stall economy tide.

On the morning of June 1, during his visit to Yantai, the premier praised that the stall economy and the small shop economy are important sources of jobs and fireworks on earth, as well as the vitality of China. Subsequently, the concept of stall economy appeared in the stock market, and more than ten stocks including guangbai stock, small commodity city, Maoye business and other stocks in the board successively started the soaring mode.

For Wuling Auto to timely launch the ground stall God car, some netizens said with a smile: people need what Wuling produces..

At the opening of trading on June 4, Wuling Motor Co., Ltd. continued to rise, with the highest transaction price of HK $0.54/share. On that day, the share price closed at HK $0.5/share, up 63.93%, with a total market value of about HK $1.54 billion.

Is this Wuling really another Wuling?

Wuling Automobile is a Hong Kong investment holding company mainly engaged in automobile related business. The company operates through four divisions: the engine and related parts division is engaged in the manufacturing and sales of engine and related parts; the auto parts and other industrial services division is engaged in the manufacturing and sales of auto parts and accessories, the trading of metal and other raw materials, and the provision of water and power supply services; the special automobile division is engaged in the manufacturing and sales of professional automobiles; other divisions are engaged in Property investment and other businesses.

As a subsidiary of Wuling Automobile, Liuzhou Wuling Automobile Industry Co., Ltd. is in charge of the business of Special Purpose Vehicle Division. According to Tianyan, Liuzhou Wuling Automobile Industry Co., Ltd., founded in 2007, is a large-scale Sino foreign joint venture jointly established by Wuling group and Wuling Automobile, a Hong Kong listed company. At present, GAC Group Co., Ltd. and Wuling Automobile hold 39.1% and 60.9% respectively.

It is reported that Liuzhou Wuling Automobile Industry Co., Ltd. absorbs the advantages of both shareholders and relies on the advantages of Hong Kongs convenient overseas financing platform to focus on the production and sale of auto parts, engines and complete vehicles.

It is worth noting that Wuling Automobile, the parent company of Liuzhou Wuling Automobile Industry Co., Ltd. and SAIC general Wuling Automobile Co., Ltd. are not one company. The controlling shareholder of Wuling Automobile is Guangxi Automobile Group, and SAIC general Wuling Automobile Co., Ltd. was established in 2002. Guangxi Automobile Group is a joint venture with SAIC Group, general motors, etc. based on the complete vehicle resources of minicars.

Among the Wuling brands, Wuling Hongguang, which is easily confused with Wuling Rongguang, the local stall shenche, is the first cross-border independent R & D product between commercial vehicles and passenger vehicles launched by SAIC general Wuling Automobile Co., Ltd.

In fact, in addition to the well-known car God Wuling Hongguang in qiumingshan, SAIC general Wuling Automobile Co., Ltd. also produces a number of other brands of automobile products, mainly including new Baojun, SUV, sedan, new energy, micro car and other series of brands. Among them, micro car series includes Hongguang series, Rongguang series, Zhiguang series, etc.

Wuling used to be the registered trademark and brand of Liuzhou Wuling Automobile Co., Ltd. (now renamed Guangxi Automobile Group Co., Ltd.), which was then all authorized to SAIC general Wuling Automobile Co., Ltd. Therefore, Wuling trademark is now shared by Liuzhou Wuling Automobile Co., Ltd. and SAIC general Wuling Automobile Co., Ltd. Moreover, due to the historical relationship between Wuling Automobile and SAIC general Wuling Automobile Co., Ltd., the formers business also relies heavily on the latter. SAIC GM Wuling Automobile Co., Ltd. is not only the largest customer of Wuling Automobile, but also the largest supplier. According to the financial data, in 2019, Wuling motors accounted for 48.1% and 42.7% of SAIC general Wuling Motors Co., Ltd. in terms of sales and purchase, respectively. Source: Heichi Financial Editor: Chen Hequn_ NB12679

Moreover, due to the historical relationship between Wuling Automobile and SAIC general Wuling Automobile Co., Ltd., the formers business also relies heavily on the latter. SAIC GM Wuling Automobile Co., Ltd. is not only the largest customer of Wuling Automobile, but also the largest supplier.

According to the financial data, in 2019, Wuling motors accounted for 48.1% and 42.7% of SAIC general Wuling Motors Co., Ltd. in terms of sales and purchase, respectively.