AutoBeta(AutoBeta.net)10/11 Report--

In response to media reports that Sany Heavy Industry will take over the acquisition of Junma Automobile under Zotye Automobile, the relevant person in charge of Sany Heavy Industry made a statement on the evening of the 10th,"There is no such thing, everything is subject to the announcement disclosure."

A few days ago, some media quoted people familiar with the matter as saying that Sany Heavy Industry will take over Junma Automobile owned by Zotye. Its purpose may be to win the production base of Junma Automobile and enter large-scale intelligent buildings and engineering equipment. In addition, the media said that from Zotye insiders learned that Junma has been abandoned by Zotye.

Founded in 1994, Sany Heavy Industry Co., Ltd. has developed into the largest construction machinery manufacturer in China and the fifth largest in the world. It is also the largest concrete machinery manufacturer in the world and has the title of "World Pump King". Indeed, no matter how one thought about it, how could a mechanical equipment industry "big shot" devote himself to the automobile industry? If the acquisition was only for another purpose, Sany Heavy Industry had also denied it.

As for Junma Automobile, it is already on the verge of bankruptcy. In the two years since its establishment, the company has only launched three models, Junma S70, Junma MEET 3 and Junma SEEK 5. The new product promotion speed is far less than expected, and it has encountered the cold wave of the automobile market in the past 28 years, which makes it more embarrassed. With the passage of time, the news of Junma automobile encountering difficulties has been continuously exposed, and the storm is infinite.

Under the cold wave, many marginal car enterprises are experiencing accelerated elimination. Even the parent company of Junma Automobile Zhongtai has been unable to protect itself. A few days ago, a risk investigation table of Ping An Bank was exposed on the network and circulated on the network. The investigation table shows that "Cheetah Automobile, Zhongtai Automobile, Huatai Automobile and Lifan Automobile will enter bankruptcy procedure at the end of the year. It is estimated that the industrial chain of upstream and downstream auto parts suppliers will total about 50 billion yuan of bad debts".

Although Zotye Auto has made a clarification, but the so-called "no wind, no waves", there are media reports, Zotye Auto's main business almost stagnated, each quarter has hundreds of millions of yuan of loans due within a year. At the same time, suffered sales decline and performance losses, has had to take various ways to finance blood transfusion, data show, the first August of this year accumulated sales of 124,400 vehicles, a year-on-year decline of 32.3%. Financial report shows, Zhongtai automobile revenue in the first half of the year 5.04 billion yuan, Year-on-year decline 50.83%, Net profit for-290 million yuan, Year-on-year decline 195.37%. Even Zotye itself is facing such a situation, and can it still manage its Jun Ma?

Earlier, some media also said that Junma Xiangyang production base has been completely dissolved, production land or will be returned to the government. Therefore, analysts believe that the two enterprises located in Changsha Economic and Technological Development Zone may be linked by the government. The reuse of resources can not only help Junma get rid of difficulties, but also enable Sany Heavy Industry to realize transformation and upgrading.

Now Junma automobile production base is dissolved, dealers are unmanaged, senior management leaves, even employee salaries are in arrears, if, as Sany Heavy Industry said, the news is not true, this brand, which has only been established for two years, will fall.

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