AutoBeta(AutoBeta.net)09/26 Report--

On the evening of September 25th, Haima announced that Haima signed an "equity transfer agreement" with Zhengzhou Ruizhishang Industrial Co., Ltd., according to the agreement, Haima transferred its 100% stake in Shanghai Haima Automotive Research and Development Co., Ltd. to Zhengzhou Ruizhishang Industrial Co., Ltd. at 806 million yuan plus the profit and loss price between the benchmark date of equity transaction and the date of equity settlement.

According to Tianyan inquiry, Zhengzhou Ruizhishang Industrial Co., Ltd. was established on February 2, 2018 and is a 100% subsidiary of Haima Investment Group Co., Ltd. Its main business is new energy technology development; metallurgical engineering technical service; electronic product technology development; computer software and hardware technology development; water conservancy and hydropower engineering construction; civil engineering construction; communication engineering construction; wholesale and retail: building materials. However, it is worth mentioning that Ruizhishang Industries has not yet launched a business, and its operating income / near profit / total assets / total liabilities are all 0 from 2018 to now.

After the completion of the transaction, Haima no longer holds a stake in Shanghai Haima Automotive Research and Development Company, resulting in a profit of 430 million yuan. For Haima, this transaction can optimize the company's resource allocation, invigorate existing assets, dispose of idle assets, focus on the main business, increase the company's cash flow, and improve the company's efficiency.

According to the survey, Haima Motor has been established for 30 years and is famous for its cooperation with Mazda, and then independent production also has a brilliant history, but with the decline of the car market, the competition in the industry is becoming more and more fierce. Haima Motors'R & D and innovation ability and product strength are obviously insufficient.

Haima Motor lost money for two consecutive years in 2017 and 2018. After a performance loss of 2.6 billion yuan, Haima Motor was issued a risk warning for delisting on April 23 and officially changed to * ST Haima on April 24.

In April and May this year, Haima sold properties twice, selling a total of 401 idle properties. Through the sale of properties, Haima temporarily relieved the operating pressure, but the current situation is still not optimistic.

Haima Motors has a number of models, among which Fumilai and Haimai S5 used to sell tens of thousands of models a month, but these two models have gradually fallen with the pressure of market competition and competition from other car companies. In addition, Haima 8S, which was regarded as a "lifesaver" by Haima Motors in July, is officially predicted to lead to rapid growth in Haima car sales, but sales are still low.

According to the published sales data, in August this year, the production and sales of seahorse cars were 1688 and 1560 respectively, down 73.65% and 73.96% respectively from January to August, down 62.99% from January to August. It is worth noting that the sales of seahorse cars in August were zero. According to the semi-annual report, Haima Motor achieved sales revenue of 2.323 billion yuan in the first half of the year, down 14.67 percent from the same period last year. The net profit belonging to shareholders of listed companies was-178 million yuan, reducing losses by 97 million yuan compared with the same period last year.

Industry insiders said that the transfer of 100% stake in Shanghai Haima Automobile Research and Development Co., Ltd. will receive a profit of 430 million yuan. From this point of view, Haima Motors is expected to turn losses into profits and successfully take off its cap.

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