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  The national god car fell! FAW Xiali lost 701 million yuan in the first three quarters and has lost money for five consecutive years.

  Tianjin FAW Xiali Automobile Co., Ltd. released its third quarter results report in 2019, which showed that revenue in the third quarter of this year was 65 million yuan, an increase of 69.29% over the same period last year. The net profit belonging to shareholders of listed companies was-149 million yuan, down 59.16% from the same period last year. In the first three quarters of this year, FAW Xiali achieved a cumulative revenue of 353 million yuan, down 62.52% compared with the same period last year. The net profit belonging to shareholders of listed companies was-701 million yuan, an increase of 30.15% over the same period last year. In fact, FAW Xiali has no real net profit since it was deducted in 2012.

  FAW Xiali third quarter results 2019-11-01
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  cease to exist except in name! FAW Xiali is expected to lose 670 million-730 million yuan in the first three quarters.

  A few days ago, Tianjin FAW Xiali Automobile Co., Ltd. issued a forecast of results for the first three quarters. According to its announcement, FAW Xiali expects the net profit and loss attributed to shareholders of listed companies to be 670 million yuan to 730 million yuan in the first three quarters, down 27.21% and 33.20% compared with the same period last year. Of this total, the loss in the third quarter is expected to be 120 million to 180 million yuan, down 50.76% and 67.17% compared with the same period last year. In fact, FAW Xiali has suffered a loss after deducting its net profit in 2012, and FAW Xiali has never made a profit again. According to data, from 2014 to 2018, FAW Xiali buckle.

  FAW Xiali's expected results for the first three quarters 2019-10-21
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  The payment is overdue, and the mass production of Baiteng car is in trouble with funds.

  This year, Baitang officially announced that the Baiteng M-Byte will be launched globally in the third quarter of 2019 and will be available at the end of 2019. Now it has been less than half a year since the production car M-Byte went on the market, but there has been a problem with Baiteng's funds. FAW Xiali disclosed in the "notice of reply to the 2018 Annual report" that the repayment amount of Baiteng parent Nanjing Zhixing's purchase of 100% equity interest in FAW Huali, a subsidiary, did not reach the agreed amount as of April 30. Nanjing Zhixing still has 310 million yuan overdue. In September 2018, FAW Xiali will be a subsidiary at a price of 1 yuan.

  Car Biden. 2019-07-02
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  FAW Xiali, which could not make ends meet, finally set up a joint venture with Boxun Motor to produce new energy vehicles.

  The new power of car building, which is constantly financing, has rescued some of the self-owned brands with poor performance to some extent. On April 30, FAW Xiali officially announced the establishment of a joint venture company with Nanjing Bojun New Energy vehicles to jointly produce new energy vehicles. The announcement said that in order to achieve complementary resources and jointly develop the new energy vehicle market, FAW Xiali plans to contribute with assets and liabilities related to land, plant and equipment related to the whole vehicle, and Nanjing Bojun New Energy Automobile Co., Ltd. with cash contribution, set up a joint venture company in the company location to produce new energy models. FAW Xiali uses its own assets to solve the follow-up development of the company.

  Automobile Establishment New Energy Joint Venture FAW New Energy vehicle and finally 2019-04-30
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  FAW Xiali teamed up with Boxun, a new force in car building, to form a new energy joint venture

  FAW Xiali signed a joint venture agreement with Boxun Automobile, a new power car-building company, and the two sides will jointly form a joint venture company to produce and sell new energy vehicles. On the evening of April 29, FAW Xiali announced that FAW Xiali intends to contribute with assets and liabilities related to the whole vehicle, such as land, plant and equipment, and Nanjing Bojun New Energy Automobile Co., Ltd. with cash, the two sides set up a joint venture. It is reported that in the joint venture, Boxun will invest more than 1 billion yuan and have an absolute controlling stake, while FAW Xiali will mainly contribute to production qualifications, and the future debt of FAW Xiali will be borne by the joint venture company. According to the agreement, the joint venture company is registered.

  FAW 2019-04-30
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  Withdrawing from the automobile market, the generation of "national miraculous cars" has officially become history.

  Recently, FAW Xiali announced that the company plans to change its name from "Tianjin FAW Xiali Automobile Co., Ltd." to "China Railway Materials Co., Ltd.", and the securities abbreviation will also be changed to "China Iron objects" accordingly. The business scope has been changed from "manufacture and after-sales service of cars, automobile engines, auto parts and internal combustion engine parts" to "railway transport infrastructure equipment sales, rail processing, high-speed rail equipment, accessories manufacturing and sales, etc." With the change of the company name and securities acronym, the asset reorganization of FAW Xiali has officially come to an end, and "FAW Xiali" has officially become history. Xiali, founded in 1997.

  FAW Xiali 2021-01-09
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  Debt of nearly 1 billion yuan, Tianjin Boxun bankruptcy liquidation countdown ​?

  A sudden "delay message for recruiting investors" once again brought the long-silent Bolshund car back to public view. According to relevant media reports, the manager of Nanjing Bojun New Energy Automobile Co., Ltd. (hereinafter referred to as Bojun Automobile) postponed the recruitment of investors in Tianjin Bojun Automobile Co., Ltd. (hereinafter referred to as Tianjin Boxun).

  Automobile Tianjin Company Equity Al Art Limited Investment Management Xiali recruitment liquidation announcement investors Co. Ltd. 2022-07-30
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  FAW Xiali announced first-half results, revenue fell 62.45% compared with the same period last year.

  Today, FAW Xiali officially released its 2019 half-year report, which showed that in the first half of this year, FAW Xiali achieved revenue of 268 million yuan, down 62.45% from the same period last year, and a net profit loss of 551 million yuan, compared with a loss of 637 million yuan in the same period last year. Affected by the continuous downturn of the automobile market, the tightening of national emission standards and the weakening of the company's products, differences in positioning and configuration, weakening of sales channels and other factors, the company's sales volume continues to decline. According to statistics, in the first half of this year, FAW Xiali produced a total of 1126 Weizhi and Junpai cars, down 93.34% from the same period last year, and sales of 3929 cars, down 6% from the same period last year.

  Revenue FAW year-on-year decline 2019-08-30
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  FAW Xiali lost 1.4 billion yuan in 2019, and its assets were negative at the end of the year.

  On the evening of April 9, as the net assets of FAW Xiali at the end of 2019 were negative, FAW Xiali was treated as a "delisting risk warning" since the 10th, and the stock abbreviation was changed from "FAW Xiali" to "* ST Xiali". According to the annual report released by FAW Xiali in 2019, the operating income in 2019 was 429 million yuan, down 61.85% from the same period last year; the net profit attributed to listed companies was-1.481 billion yuan, down 4068.32% from the same period last year; the net profit after deducting recurrent profit and loss belonging to shareholders of listed companies was-1.561 billion yuan, down 23.57% from the same period last year.

  FAW Xiali 2020-04-10
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  The second reorganization plan of FAW Xiali has been announced, which is about to bid farewell to the whole vehicle business.

  Xiali, once one of the representatives of the national sedan chair, encountered the rapid development of the domestic car market, but now it is about to bid farewell to the whole vehicle business. On the evening of September 16, Tianjin FAW Xiali Automobile Co., Ltd. (issued the "report on Major Asset Sale and issuing shares to purchase assets and raise matching funds and related transactions", defining the specific plan of the latest restructuring.

  FAW Xiali 2020-09-17
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  Another established car company is unable to sustain and plans to withdraw from the automobile market by selling assets.

  On September 17, Tianjin FAW Xiali Automobile Co., Ltd. (hereinafter referred to as "FAW Xiali") issued the report on the sale of major assets and the issuance of shares to purchase assets and raise supporting funds and related party transactions. According to the report, the overall plan of the transaction includes four parts: free transfer of shares of listed companies, sale of major assets, issuance of shares to purchase assets and raising supporting funds. According to the report, FAW car Co., Ltd. plans to transfer its 697620651 shares of FAW Xiali to China Railway Materials Co., Ltd. In addition, FAW Xiali plans to sell its holdings except Xin'an Insurance 17.5.

  FAW Xiali 2020-09-18
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  Announcing his withdrawal from the historical stage, FAW Xiali officially changed its name to Tianjin Boxun.

  On the evening of March 11, Tianjin FAW Xiali Automobile Co., Ltd. (hereinafter referred to as "FAW Xiali") disclosed the "announcement on the Progress of the implementation of Major Asset reorganization" and announced that the enterprise name and legal representative had been changed. The announcement shows that on February 21, the Ministry of Ecology and Environment has changed the enterprise environmental protection information, the enterprise name has been changed to "Tianjin Bojun Automobile Co., Ltd." (hereinafter referred to as "Tianjin Boxun"), and the legal representative has been changed to "HUANG XIMING". On September 7, 2019, FAW Xiali announced that it planned to contribute to the vehicle-related land, plant, equipment and other assets and liabilities.

  FAW Xiali Boxun Automobile 2020-03-12
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  FAW Xiali has announced that it will stop production and may become a "contract factory".

  FAW Xiali, a popular car brand in the late 1990s, was once everywhere, with a 40% share of the taxi market that year, which shows FAW Xiali's sales and reputation in that year. However, with the development of time, the sales of FAW Xiali declined year by year, and finally announced the suspension of production. The predecessor of FAW Xiali is Tianjin Automobile Xiali Co., Ltd., which was established in 1997. In 2002, China first Automobile Group signed a restructuring agreement with Tianjin Automobile Industry, so it was renamed Tianjin FAW Xiali. FAW Xiali, which has been the top seller for 18 years in a row, has been huge since 2013.

  Factory FAW 2019-05-21
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  The company has serious operational difficulties, and the internal letter of the new domestic brand Boxun Automobile has been exposed.

  Boxun Automobile, which established a joint venture with FAW Xiali and obtained production qualification, encountered serious operational difficulties. Huang Ximing, founder of Boxun Automobile, said in a letter on June 13 that due to the actual losses and adverse effects caused by the company's operating problems to all parties, it will strive to lead Boxun Motor out of its predicament.

  Boxun Automobile FAW Xiali 2020-06-14
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  FAW Xiali asset restructuring may become a "shell company", FAW to speed up the overall listing process

  On December 8, FAW Xiali announced that its controlling shareholder, China first Automobile Co., Ltd. (hereinafter referred to as FAW Xiali), will transfer its holding stake in FAW Xiali to China Railway Materials Co., Ltd. (hereinafter referred to as China Railway Materials) free of charge. According to the announcement, all the existing assets and liabilities of FAW Xiali were placed in subsidiaries designated by the controlling shareholders of the company, and at the same time, by issuing shares to purchase assets, it purchased a controlling stake in China Railway Wusheng Science and Technology Development Co., Ltd. (hereinafter referred to as China Railway Wusheng). This transaction constitutes a major asset restructuring of the listed company. According to Qixinbao, China Railway Wusheng Technology Development Co., Ltd. was established in 2018.

  FAW Xiali FAW Group 2019-12-09
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  FAW Xialibo County joint venture landed with a registered capital of 2.54 billion yuan to set up a new energy automobile company.

  After Nanjing Boxun and Tianjin FAW announced their intention to establish a joint venture company on April 29 this year, the joint venture process was once again accelerated, and the two sides formally signed an agreement with September 27 to formally establish a joint venture company. Tianjin FAW Xiali Automobile Co., Ltd. announced on the evening of September 27th that it would set up a joint venture, Tianjin Bojun Automobile Co., Ltd., with a registered capital of 2.54 billion yuan. Among them, FAW Xiali contributed 505 million yuan with assets and liabilities related to the whole vehicle, such as land, plant, equipment, etc., with a shareholding ratio of 19.9%. Nanjing Bojun New Energy vehicle contributed 2.034 billion yuan in cash.

  Xialibo County announcement Xialibo County Joint Venture Plan FAW Xiali and Bo County Progress 2019-09-28
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  The automobile industry is bleak, with national statistics that profits of the automobile industry fell by 16.6% from January to September.

  On October 27th, the National Bureau of Statistics released the profit report of industrial enterprises above the national scale for the period from January to September. Among the 41 major industrial industries, the total profits of 30 industries increased compared with the same period last year, while 11 industries decreased. Among them, the profits of the automobile industry declined, with a total profit of 373.46 billion yuan from January to September, down 16.6% from the same period last year. In 2019, the automobile industry is affected by many factors, such as the macro-economic slowdown, the automobile market tends to be saturated, and the sixth-grade emissions are implemented in advance, resulting in a continuous decline in car sales, a decline in the efficiency of automobile enterprises, and the automobile industry has entered a cold winter. According to the statistics of China Automobile Association, China's automobile production and sales have been 15 in a row.

  Automobile manufacturing industry 2019-10-27
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  The net exposed that Baiteng car once again overpaid the debt, and the production qualification was still unable to land.

  In September last year, Baiteng Automobile plans to buy FAW Wali's passenger car production qualification for 1 yuan, and will be saddled with FAW Wali's high debt of not less than 800 million yuan. A few days ago, some shareholders asked on the relevant platform whether the FAW Xiali Baiteng car funds were paid as scheduled, but FAW Xiali Dong Mi revealed in response to the questions raised by the shareholders that part of the money returned by Nanjing Zhixing (that is, Baiteng parent company) on behalf of Huali had not yet been received. It means that Baiteng has not yet been qualified to build a car. Subsequently, the media revealed that Baiteng made a reply to the matter: "on payment-related matters, Baiteng has always maintained active communication with FAW Xiali, and carried out this."

  The net exposed that Baiteng Motor once again overpaid its debts. 2019-10-10
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  With a reshuffle of the automobile industry in 2020, these brands are facing a moment of life and death.

  2020 is a special year for the global market. due to the influence of the epidemic, the production and operation of the upper, middle and lower reaches of the automobile industry have stagnated. Although the Chinese market has become the first automobile market to recover, under the influence of such a market, there are still many car brands that finally stopped in 2020 because of poor management and become history. 1. Dongfeng Renault on April 14, 2020, both shareholders of Dongfeng Renault announced that the joint venture company had officially ceased operation. Both shareholders reorganized Dongfeng Renault, and Renault transferred its 50% stake in Dongfeng Renault to Dongfeng Automobile Group. Dongfeng Lei.

  FAW Xiali brilliance Group Dongfeng Renault 2021-01-01
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  FAW car has a pre-loss of 300 million yuan in the first three quarters and has just received 100 million government subsidies.

  FAW sedan owns two major passenger car brands, FAW Pentium and FAW Mazda. According to the performance forecast released today, FAW sedan is once again at a loss. The latest performance forecast of FAW car shows that the company expects a net loss of 236 million yuan to 296 million yuan in the first three quarters of this year, from profit to loss. As for the reasons for the performance changes, FAW sedan said that from January to September 2019, sales in the domestic passenger car market declined, and the company's vehicle sales decreased, affected by factors such as the switch between country 5 and country 6, rising prices in the precious metal market and fluctuations in the exchange rate of the Japanese yen. As a result, the company's operating income, gross profit margin and other indicators decreased compared with the same period last year.

  FAW Pentium FAW car performance 2019-10-15