AutoBeta(AutoBeta.net)05/16 Report--

It is common for listed companies to sell one or two properties, but you may not have seen those who want to sell 400 houses in one breath. This is not a seahorse car selling 400 suites to brush the screen! Thoroughly popular, netizens shouted: seahorse you'd better focus on real estate speculation, but also sell what car!

Seahorse Motor is a car-making A-share listed company, which has been losing money for two consecutive years. It has been ST, and now it has announced that it will sell nearly 400 apartments. Haikou (284-81) plus Shanghai (36), a total of 401 suites! What kind of concept is this?

On the evening of May 15, * ST seahorse notice notice, the content of the announcement is as follows: in order to optimize and invigorate the stock assets, the company intends to openly sell the idle real estate beside Jinpan Avenue, Jinpan Industrial Development Zone, Haikou City, through bidding and / or asking intermediaries to hang up in the second-hand housing market in accordance with the market price.

Among them, there are 269 houses (total area 14685.04 square meters) and 15 shops (total area 2729.12 square meters). The original book price is 30899943 yuan, and the transaction price shall prevail after all. The following is a detailed picture of the house:

The notice is eight pages long and is full of real estate information.

Of the 269 apartments mentioned above, more than 95% of the real estate area is no more than 30 yuan, the largest is 28.57 yuan, and the smallest is only 22.90 yuan.

The notice also said that there is no pledge, pledge or other third party rights for the above-mentioned property to be handled, there are no serious disputes, litigation or arbitration matters, and there are no judicial circumstances such as sealing up or thawing. This transaction does not constitute a related transaction, nor does it constitute a serious asset restructuring matter; this transaction is within the authority of the board of directors and does not need to be submitted to the shareholders' meeting of the company for consideration.

It is worth saying that this sale of 410 houses is not the first time that Haima has to sell a house. Not long ago, on the evening of April 22nd, Haima Motors issued a notice saying that it intends to sell 36 idle properties (with a total area of 4339.5 square meters) in Shanghai according to market prices through intermediary agencies and 81 idle properties (with a total area of 6280.6 square meters) in Haikou, Hainan Province, with a book value of 33.8617 million yuan.

Do the math, how many houses do you plan to sell in the two notices? Haikou (284-81) and Shanghai (36 sets), a total of 401 suites! Yes, if you add it twice, it will be suite 410.

At the same time as the notice that the house in Shanghai was to be sold, Haima also issued a notice warning of the risk of delisting. The notice said that because the audited net profit for the two accounting years in 2017 and 2018 was negative, according to the relevant regulations, the title of the stock was changed from "seahorse car" to "* ST seahorse". The notice also said that the board of directors of the company is taking the initiative to take steps to eliminate the risk of delisting as soon as possible, and the first thing to do is:

1. Adhere to the market orientation, implement new marketing, manipulate the listing opportunities of new products such as Haima 8s, adjust the product layout, promote production and sales, improve the company's dividend ability and extend the operation ability.

2. Strengthen the research and development of new products and new technologies, speed up the upgrading of property, optimize the group structure, and add new bonus points.

3. Optimize capital setup and equipment, invigorate existing assets, deal with idle assets, increase the company's cash flow, and promote the long-term and healthy growth of the company.

4. open source and save, strengthen comprehensive budget management and cost control, severely control various expenses and income, reduce operating costs, guard against risk loss, promote operation ability, bonus ability and anti-risk ability, and maximize the dividend degree of main and stop business.

Crazy selling houses, behind ST: cars are getting harder and harder to sell

Financial data show that in 2018, Haima Motor achieved a shutdown expenditure of 5.047 billion yuan, down 47.88 percent from the same period last year; net profit suffered a loss of 1.637 billion yuan, an increase of 64.64 percent over the same period last year. Seahorse Motors hinted that due to internal conditions, the company's category landing and product sales in 2018, car sales for the whole year were 67800, a sharp decline compared with the same period last year.

On May 7, 2019, Haima announced production and sales of KuaiBao. In April 2019, car sales reached 2650, down 34.95% from the same period last year and continued to decline sharply. Cumulative sales from January to April were 7742, down 72.20% from a year earlier.

In terms of vehicle types, cars and MPV continued to decline severely, and SUV bottomed out. Among them, in April this year, the sales of seahorse cars were 119, down 94.99% from a year earlier, and 65.45% from a year earlier to 2342, an increase of 103.12%.

According to statistics, the huge loss of * ST seahorse in two years reached 2.631 billion yuan, using up all the 2.323 billion yuan of net profit accumulated since 2003. This means that the money earned by ST seahorse in the past 16 years is not enough to make up for the losses of these two years.

Netizens laughed and commented: ST became blue chip overnight! It is not known whether Haima, as the only car company in Hainan, will be able to solve the problem of losing money for two consecutive years with a huge loss of 1.6 billion yuan. Hainan has previously announced that it will ban the sale of traditional fuel cars month by month from March 1 until 2030. However, it remains to be seen whether Hainan's policy of banning the sale of fuel cars and the measures taken by the seahorse to sell 400 apartments will save the seahorse, which has suffered huge losses.

Welcome to subscribe to the WeChat public account "Automotive Industry Focus" to get the first-hand insider information on the automotive industry and talk about things in the automotive circle. Welcome to break the news! WeChat ID autoWechat