28 years ago, 10 years ago, when the national car stopped, it had dominated the Chinese road.

category:Global
 28 years ago, 10 years ago, when the national car stopped, it had dominated the Chinese road.


In September 1986, the first production line of Xiali was imported from bulk bulk. In 1990, the first three compartment Xiali line, the price of 100 thousand yuan, to become a very small number of consumers can have luxury, everyone is proud of the purchase of Charlie. The FAW Charlie is almost insolvent On the last day of March, FAW Xiali (000927, SZ) released the 2017 annual report. What was expected was that the FAW Charlie lost a loss. The annual report showed that the company achieved 1 billion 451 million yuan in operating income, down 28.34% from the same year, and the net profit of the shareholders of the listed companies was -16.41 billion yuan, the decline was 1110.64%, and the loss was serious. The total assets of FAW Xiali are 4 billion 900 million yuan, while the total liabilities are 4 billion 810 million yuan. The net assets are only 88 million 312 thousand yuan, and the asset liability ratio is as high as 98.2%. No matter from the asset liability ratio, or from the difference between current liabilities and current assets, the current FAW Xiali is close to insolvency. Cao He, chairman of China financial venture capital management (Beijing) Limited, said in an interview with the daily economic news (micro signal: nbdnews). Image source: Oriental IC In April 11th, FAW Xiali received the inquiry letter on the annual report of Tianjin FAW Xiali automobile Limited by Share Ltd issued by the Shenzhen stock exchange. On the evening of April 20th, FAW Xiali responded to the problems of its operation and competition. Core competitiveness In recent years, in the background of rapid shrinking of the economic car market, the companys product upgrading and structural adjustment can not keep pace with the rapid upgrading of the automobile market consumption in the background of the rapid shrinking of the economic sedan market. Changes in demand, the companys production and marketing scale, profitability has declined substantially, the main business profits that are deducted from non recurring gains and losses are in a state of loss. In 2017, the company ceased the production of old cars, and made full preparations for the production and marketing of new products. Negative risk of net assets Because the companys current net assets are relatively low, such as the companys business can not be effectively improved in 2018, continue to lose money, there may be a negative risk of net assets. The company will carry out the implementation according to the 2018 operation improvement measures to ensure the gradual improvement of the operation. In addition, the company will improve asset structure through revitalize assets and gradually reduce the companys asset liability ratio. Gross margin of product gross fell The total vehicle sales of the company in 2017 was down 26.40% compared with the previous year. The gross profit rate of automobile manufacturing industry was 30.41% lower than that of the same period of last year. The main reason was that the company was in 2017 to meet the demand of the market. The main sales product was D60 and A70 model. Compared with 2016, the sales structure and sales price were adjusted, and the production and marketing regulations were also made. The model also has a certain reduction, resulting in a larger decline in gross margin. Is there a potential capital chain risk and credit default crisis? The old brand, Tianjin FAW Since the founding of the 1997, FAW Charlie has been in the Chinese market for more than 20 years, but whether it is brilliant or desolate, FAW Charlie finally determined to make a farewell to the past. According to the first financial report, in the morning of March 18th, at the scene of a new car conference, Wang Zhiping, general manager of Tianjin FAW Automobile Sales Co., Ltd., in an interview, shouted farewell to the old brand, farewell to the old positioning slogan. And this problem, FAW Xiali is frankly facing. The Charlie series has stopped production since 2017, and its production has always been 0 for a number of months; and the series of cars are also difficult to escape. Since the beginning of 2018, it has also stopped production. In the interview with Wang Zhiping, he also confirmed this to the first financial reporter: the brand of the Charlie has a profound traditional brand and a certain deviation from the current demand for the car market. So, we choose to place it for a period of time. I call it snow. But he also said that it is not known if Charlie will be reproduced in the aftermath, so it is more accurate to use the word farewell, because Charlie represents a tradition and a feeling. When the market needs it, it may reappear. No one wants to transfer shares According to FAW Xiali released in March 31st, FAW Xiali: the seventh session of the tenth meeting of the board of directors resolution announcement shows: The board of directors has authorized the general manager to apply for the total amount of less than 500 million yuan to the FAW finance company in the next year, and to authorize the general manager to apply for a total amount of less than 3 billion 800 million yuan to the FAW stock. According to the analysis of the industry, if the above 4 billion 300 million yuan funds can be successfully put in place, it will help FAW Xiali to ease the current predicament. Cao He said, in the case of the current situation, FAW Groups attitude to FAW Charlie is very subtle, may be to shake off this burden , this is the transfer of FAW FAW Charlie shares from FAW last year, and open to the assignee, can see some clues, so the possibility of FAW group to rescue the FAW Charlie is how big the possibility. It still needs follow-up observation. In November 7, 2017, FAW Charlie issued a announcement that FAW shares will transfer its share of 24.73% of FAWs Charlie to seek new strategic investors at a price of 6 billion 500 million yuan, but in the end no one will be removed. Source: Daily Economic News Editor: Cao Yi _NN5778 The board of directors has authorized the general manager to apply for the total amount of less than 500 million yuan to the FAW finance company in the next year, and to authorize the general manager to apply for a total amount of less than 3 billion 800 million yuan to the FAW stock. According to the analysis of the industry, if the above 4 billion 300 million yuan funds can be successfully put in place, it will help FAW Xiali to ease the current predicament. Cao He said, in the case of the current situation, FAW Groups attitude to FAW Charlie is very subtle, may be to shake off this burden , this is the transfer of FAW FAW Charlie shares from FAW last year, and open to the assignee, can see some clues, so the possibility of FAW group to rescue the FAW Charlie is how big the possibility. It still needs follow-up observation. In November 7, 2017, FAW Charlie issued a announcement that FAW shares will transfer its share of 24.73% of FAWs Charlie to seek new strategic investors at a price of 6 billion 500 million yuan, but in the end no one will be removed.