The lithium battery giant is about to fall.
Editor’s note: This article is from “Future Car Daily” (WeChat public ID: auto-time), author: Xiao Cheng Yi.
Author | Cheng Hao
Editor | Li Huanhuan
Announcement shows that Shenzhen Intermediate People’s Court initially found out that Shenzhen Waterma Battery Co., Ltd. is still operating, with more than 800 employees and external liabilities of about 19.7 billion yuan, of which 559 suppliers are in arrears. 5.4 billion yuan.
In 2015, the domestic market share of Waterma Battery reached 26.6%. In 2016, after being acquired by Jianrui Fire for RMB 5.2 billion, Waterma brought a net profit growth of 1,681 times for the parent company, Jenwengeng (formerly Jianrui Fire) in the first quarter of 2017. But its current debt situation also puts the parent company in a bankruptcy crisis.
At present, Jianruiwo has entered bankruptcy and reorganization, and introduced strategic investors to resolve the debt crisis.
According to “Shaanxi Jianrui Woeneng Ltd. Manager’s Announcement on the Introduction of Strategic Investors, At present, the court has ruled that Jianruiwo can enter the reorganization process. If the reorganization is successful, it will help improve the company’s asset and liability structure. If the reorganization fails, Kenrui will also face the risk of not being able to continue to introduce strategic investors and being declared bankrupt.
A car industry analyst told the future auto-time (ID: auto-time), from a macro perspective, this is related to the decline in subsidies for new energy vehicles and the overall weakening of the market.
Lithium power giant Wattmar is not an isolated case in the power battery industry. Not long ago, BAK Battery was also affected by Rongbai Technology, Dangsheng Technology, Hangke Technology, and NewA number of A-share listed companies such as Zhoubang are collecting debts, involving a total amount of about 650 million yuan. The above companies therefore bear the risk of bad debts.
Bick battery said at the same time that it failed to pay the supplier’s payment, the main audience of Thai Automobile and Huatai Automobile’s unpaid payment (about 900 million yuan), resulting in the company is currently facing certain cash flow pressure. .
Dongxing Securities said that the Bick bad debt incident is the epitome of the industry’s accelerated reshuffle in the context of the new energy vehicle subsidies. Xu Yi, vice president of Wintech, said in an interview with CCTV’s “Positive Finance” that the subsidy for new energy vehicles is actually a good thing for the whole industry. The final product depends on the market, and strong companies will become stronger. And weaker companies will be eliminated if they persist.
(I am the future car daily author Cheng Wei, pay attention to intelligent network, auto-driving and sharing travel dynamics, welcome to exchange and broke the news at any time. Please add WeChat tuanzi_C, add please note name, company, position.)
