AutoBeta(AutoBeta.net)12/16 Report--

After the Bic battery upstream of Zhongtai Motors fell into "serial debt", one of its suppliers, Rongbai Technology, in order to protect the relevant creditor's interests, has filed a lawsuit to the court to protect and obtain ruling support, but because the Bic battery failed to meet schedule. Pay the second installment in full, and once again send a letter through the Shanghai Stock Exchange to ask whether Bick battery is capable of repayment.

According to a notice issued by Rongbai Technology, as of December 15, 2019, the company's accounts receivable for Bick batteries were 199.4706 million yuan, as well as 8.1 million yuan for bank acceptance drafts and 3.5 million yuan for Jianxin Rongxin signing vouchers, accounting for only 3.82 percent of the agreed total.

To this end, Rongbai Science and Technology plans to increase the proportion of bad debt provision for battery receivables to 40%, increase the provision for bad debts by 10.1485 million yuan, and accumulate 81.1883 million yuan for bad debts, which is expected to reduce the company's net profit for the year by 57.0444 million yuan. In addition, the company is not the first depositary, and there is a risk that the value of property preservation can not cover the amount of litigation.

So far, the accounts receivable of Rongbai Bike battery is still as high as 199 million yuan, but the company said it is actively negotiating a feasible debt solution with Bic battery, the specific measures will be disclosed in the regulatory response.

Bick Battery also replied to the failure to pay Rongbai Technology's accounts receivable on schedule and in full. At present, major suppliers will pay suppliers mainly according to the repayment situation of Zhongtai and other customers. In addition, Rongbai Technology and other major suppliers have expressed their understanding of Bic's current situation and are willing to continue to supply and support Bic's production, and the company's repayment capacity is still sufficient.

At the same time, Bic Battery also said that Zhongtai Automobile also showed a positive repayment attitude, and the local government leader in charge of Zhongtai's rescue also said that it would give priority to supporting Zhongtai to repay Bic's debt.

With the sharp decline in the market of the automobile industry and the decline of new energy subsidies, most marginal car companies are "struggling". For example, car companies such as Zhongtai Motors have suffered huge losses and are unable to repay their funds. as a result, a series of upstream "series" suppliers are affected.

According to previous reports, Zhongtai Motor and Huatai Automobile downstream of Bick's battery, due to the loss of this part of the car company and unable to repay the funds, has caused damage to the interests of upstream suppliers such as New Zebang, Rongbai Technology and Hangke Technology, involving about 731 million yuan.

Zhongtai Motors, once a well-known car company, is now heavily in debt, which makes people sad. According to sales data, Zhongtai accumulated sales of 150000 vehicles from January to November, down 35.9% from a year earlier.

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