Selling a house can’t save the hippocampus, sell a subsidiary can
Editor’s note: This article comes from “Future Car Daily< / a> “(micro-channel public number ID: auto-time), author: Terence Lee Nan.
Author | Li Yunan
Edit | Liang Chen
After the sale of the house, the road to the “shell” of Haima Motors continues.
On September 26, ST* Haima (stock code: 000572) was released Announcement stated that the company intends to transfer the equity of Shanghai Haima Automobile R&D Co., Ltd. and all equity assets involved.
In April this year, Haima Motor was deducted from the Shenzhen Stock Exchange for a two-year loss and was changed to *ST Hippocampus. This also means that if Haima Motors still cannot achieve profitability this year, it will face the risk of delisting. This time, the sale of its subsidiaries, or the sale of real estate, Haima has made another effort to “protect the shell.”
Hai Ma Automobile disclosed in the announcement that it had signed the “Equity Transfer Agreement” with Zhengzhou Ruizhishang Industrial Co., Ltd. on September 25, and the 100% equity of Shanghai Haima Automobile R&D Co., Ltd. held by it was priced at 8.06. 100 million yuan will be transferred to Zhengzhou Ruizhishang Industrial Co., Ltd. (hereinafter referred to as “Ruizhishang”), and the final transaction price will be included in the value gains and losses on the transaction base date and equity delivery date.
Hai Ma Auto said that the Haima R&D related business and personnel had been transferred to the company’s base in Zhengzhou before the transaction. The transaction did not adversely affect the company’s related business. In addition, Haima Motor believes that this transaction can optimize the resource allocation of Haima Motors, revitalize existing assets, focus on the main business, increase the company’s cash flow, and enhance the company’s efficiency.
After this transaction, Haima Motors will receive approximately RMB 430 million in revenue. In addition, after this transaction, Haima Motor will no longer hold the corresponding equity of Haima R&D.
Future Auto Daily combed this equity transfer case and found that Ruizhishang is a 100%-owned subsidiary of Haima Investment Group Co., Ltd. (hereinafter referred to as “HaiMa Investment”), which was established in February 2018. The company’s industrial and commercial record shows that the main business is new energy technology research and development, metallurgical engineering technology services.
And Haima Investment Group Co., Ltd. is the major shareholder of Haima Automobile, which means that this transaction Haima Investment will transfer 800 million yuan to Haima Motor. At the same time, hippocampus investment may also be intended to integrate Ruizhishang and Haima Motors in new energy research.Hair plate.
The previous August 24th, *ST Haima released the first half of 2019 performance report. The report shows that in the first half of 2019, the company’s revenue was about 2.323 billion yuan, down 14.67% from the same period of last year; net profit was about -1.78 billion yuan, a decrease of about 97 million yuan over the same period of last year.
According to its semi-annual report, the plight of the hippocampus has improved to some extent. Although Haima Automobile still lost 180 million yuan in the first half of 2019, its performance data has improved compared with the previous huge losses, and the losses have been controlled.
If the transfer of the 430 million proceeds from the Shanghai Haima R&D company is timely, ST* Haima will most likely complete the profit before the end of the year.
In April and May, Haima Motors announced that it would sell about 400 properties. The sale of these assets has gradually improved the financial situation of Haima.
The previous September 24th, ST* Haima had disclosed its property sales progress in the announcement. As of the date, Haima has successfully sold 156 properties, and has received a profit of 57.09 million yuan, and there are still about 20 million of the final payment will continue to arrive.
