One: Brilliance Auto
In the first half of 2020, the net profit of Brilliance Auto China exceeded 4 billion, but BMW Brilliance contributed most of it. The sales volume of the Group's own brands is small, but the sales volume of BMW Brilliance is amazing. Brilliance Auto relies too much on BMW Brilliance, and the marketing and sales of the group's own brands are not good, which leads to great pressure for Brilliance Group to be divested from BMW Brilliance, and the funds are also greatly troubled. In July 2020, Brilliance Auto began to show a downward trend in bonds.
Two. Liabilities of Brilliance Auto
According to statistics, since 20 17, Brilliance Auto has been in debt114 billion yuan; In 20 18 years, brilliance auto was in debt119.5 billion yuan; In 20 19 years, brilliance auto was in debt144.7 billion yuan. By March 2020, the total debt of Brilliance Automobile Group is122.6 billion yuan, while the long-term debt is close to 20 billion yuan, and the short-term debt actually reaches more than 40 billion yuan. The data shows that the debt of Brilliance Auto Group is getting higher and higher, and it has been increasing, which is worrying.
Three: Brilliance Auto's breach of contract is shocking.
Brilliance Auto Group Holding Co., Ltd. Billion private placement bond? 17 Huaqi 05? The inability to pay constitutes a breach of contract. As soon as the news spread, there was a lot of discussion, and Brilliance Auto announced that Brilliance Auto Group Holding Co., Ltd. was in a tight liquidity, and the company was still trying to prepare funds, hoping to tide over the difficulties. However, due to the great difficulties faced by funds, there is great uncertainty whether it can raise enough funds in time. Brilliance Auto's announcement confirmed it? Brilliance Auto's Billion Bond Default? The truth of this news.