AutoBeta(AutoBeta.net)03/28 Report--

SAIC Group, GAC GROUP and other large automobile groups have long been listed as a whole, but FAW Group has not fulfilled its wishes for a long time. FAW Group has made new moves when it has been listed as a whole for a long time.

FAW car issued the suspension notice of FAW car Co., Ltd. on planning major asset restructuring, the announcement said that FAW car intends to purchase FAW Jiefang shares held by FAW shares and raise supporting funds by means of asset replacement and issuing shares to purchase assets. The company will suspend trading from the opening of the market on March 28, 2019, and the suspension is expected to last no more than five trading days.

The day before FAW car license suspension, the net repayment of financing was 6.9654 million yuan; the financing balance was 763 million yuan, down 0.9% from the previous day. In terms of financing, the same day financing bought 22.4263 million yuan, financing repaid 29.3917 million yuan, financing net repayment of 6.9654 million yuan. In terms of margin trading, 48100 shares were sold, 93600 shares were repaid, the margin was 156800 shares, and the balance was 1.3234 million yuan. The total balance of margin trading is 764 million.

Data show that FAW liberated its registered capital of 10.8 billion yuan. From the market point of view, FAW Jiefang has won the top place in China's truck heavy truck sales list for three consecutive years from 2016 to 2018, while in 2019, FAW Jiefang sales target is 343000 vehicles, of which 268000 are medium and heavy trucks, with a market share of 22.7%. The sales target of light trucks is 75000 and the sales of spare parts are 4 billion.

In February this year, FAW car was replaced as a legal person, and the legal representative was changed from Wang Guoqiang to Xi Guohua. Wang Guoqiang no longer held the post of chairman, and Xi Guohua was added as chairman. By the end of the public competition for FAW cars in March, Liu Changqing continued to serve as general manager of FAW cars. At the same time, it is necessary to sign a "military writ": the total profit targets from 2019 to 2021 are 300 million yuan, 500 million yuan and 1 billion yuan respectively, and the independent sales targets are 150000, 270000 and 410000 vehicles, respectively. By contrast, FAW sold only 88600 independent Pentium cars in 2018.

At present, FAW sedan is the controlling shareholder of FAW (53.03%), and FAW holds 100% of FAW Jiefang. In addition, FAW Jilin and FAW Hongqi are also owned by FAW. For FAW car restructuring and acquisition of FAW Liberation, industry insiders speculate that this is a new step after FAW Group has no hope of listing as a whole for many years.

The overall listing of FAW Group has been a clich é topic, but its overall listing road is not smooth. As early as 2016, FAW cars and FAW Xiali issued announcements that they could not solve the competition in the same industry. I urge the shareholders' meeting to postpone the overall listing commitment period for three years, seeing that the three-year commitment is about to expire, but there is still no hope for the overall listing of FAW in the short term, but the pace of reform of FAW Group is speeding up. Coupled with the previous FAW Group won trillion yuan level of "intentional" credit, FAW Group as a whole listing may be re-upgraded schedule.

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