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Independent car company "Zhongtai Automobile" basically fell into a shutdown in 2020, with a sharp decline in sales and a large performance loss, and Zhongtai Automobile Empire is teetering. A few days ago, Zhongtai Automobile released its first-half results report, and the basic situation of the company has become clearer.

According to the semi-annual report of Zhongtai Automobile Co., Ltd., the company's operating income in the first half of the year was 770 million yuan, down 76.69% from the same period last year. The net profit belonging to listed shareholders was 1.034 billion yuan, expanding the amount of loss compared with the same period last year.

Due to the suspension of production and production, a sharp decline in car production and sales and a sharp decline in sales revenue, Zhongtai Motor has suffered a large performance loss. According to the report, Zhongtai Motor produced only 574 cars and sold 1417 cars in the first half of the year.

Capital problems, national six factors and their own management, Zhongtai Automobile also admitted that the company's bases are basically in a state of production suspension, semi-stop production. Zhongtai Automobile said that in the second half of the year, it will take various measures to raise funds to ease the pressure on the company and provide financial support for the company's follow-up development. Strive to resume normal production as soon as possible, formulate a resumption plan in stages, improve market competitiveness, continuously expand the company's sales network and channels, and maintain and enhance market share.

With regard to the situation of arrears of wages to employees, Zhongtai Motor said that from October 2019 to now, various units have varying degrees of arrears of wages. Therefore, in addition to normal bank financing, the company intends to find ways to solve the problem of unpaid wages and resumption of production by means of land replacement, idle and non-main business assets sale, finding partners and so on. At present, the company is reissuing the wages owed by the staff and workers with the help of the government. Except for some bases, the company has completed the reissue of the wages of ordinary employees.

Zhongtai car to low price and high configuration and imitation of the road to rise, but due to the subsequent outbreak of quality problems, Zhongtai word-of-mouth declined rapidly, sales also gradually declined. With the implementation of the six emission standards of the superimposed country, the problem of the deterioration of Zhongtai automobile operation has been highlighted, which further leads to the stagnation of production and the enterprise into crisis.

There is a view that China's automobile industry will be merged and reorganized, and car companies without brands, core technology and capital will collapse one after another. Stock competition at present, want to focus on the head of car companies, the collapse of some car companies has been inevitable. There is still great uncertainty about whether Zhongtai Motor can tide over the difficulties.

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