SAIC's controlling shareholder, Shanghai Automotive Industry Group Corporation, transferred its 3.58% stake in Shanghai Group to Shanghai International Group, which is an investment company under the State-owned Assets Supervision and Administration Commission of Shanghai. They are all state-owned enterprises and are mainly responsible for the management and operation of state-owned assets in Shanghai.

It can be seen that this time it is the intention of the Shanghai Municipal Government, and its purpose is to promote mixed reform and improve the vitality and competitiveness of state-owned enterprises.

Tramway News: On the evening of April 23rd, SAIC issued a Prompt Announcement on Free Transfer of State-owned Shares. The announcement showed that Shanghai Automotive Industry (Group) Corporation (hereinafter referred to as SAIC), the controlling shareholder of SAIC, signed a free transfer agreement with Shanghai International Group Co., Ltd. (hereinafter referred to as Shanghai International Group) to transfer its 418 million shares of SAIC to Shanghai. After the transfer is completed, the shares held by SAIC decreased to 67.66%, and Shanghai International Group newly held 3.58% shares, becoming the third largest shareholder of SAIC.

According to public information, Shanghai International Group is an investment company under the Shanghai State-owned Assets Supervision and Administration Commission, and it is also a state-owned enterprise, focusing on four business segments: state-owned capital operation, equity investment management, financial factor market and industrial fund investment, among which investment management includes bank trust businesses such as Shanghai Pudong Development Bank and Shanghai Trust, as well as securities insurance businesses such as Guotai Junan, Shanghai Investment Morgan and Shanghai Securities. To put it simply, Shanghai International Group is the "trader" responsible for the management and operation of Shanghai's state-owned capital.

As the leader of the largest state-owned automobile group in China, SAIC will not easily transfer its equity and adjust its shareholder structure. The inclusion of SAIC in Shanghai International Group may be related to "mixed reform" and the layout of foreign investment. SAIC mentioned in the announcement that the transfer of shares is to improve the vitality of state-owned enterprises and the overall competitiveness of the state-owned economy, and promote the development of various ownership systems.

With the participation of Volkswagen China in the hybrid reform of Jianghuai Automobile in 22, the voice of the outside world for the hybrid reform of SAIC is growing louder and louder. The reason is the continuous decline of SAIC's operating performance under the current stock market competition, and the concern about SAIC's "elephant turn around" under the change of electrification and intelligence.

according to the data, in 218, the revenue scale of SAIC reached an all-time high of 92.1 billion yuan, and the decline gradually expanded in the next two years. In 22, the operating income was "retrogressed by four years" less than that in 216, and the profit level dropped even more, reaching -28.9% at one time. In 22, the vehicle sales volume will be about 5.6 million vehicles, which is about 1.22% lower than that of 6.238 million vehicles in 219.

regarding the attitude of mixed reform, at the shareholders' meeting of SAIC in 219, Chen Hong, the chairman of SAIC, made it clear that there are plans to further intensify mixed reform and promote the transformation, upgrading and development of SAIC. At the same time, I hope to establish a new circle of friends and ecosystems through mixed reform, and welcome new travel services, new retail and technical partners in the transformation of the automobile industry to join SAIC's new mixed reform.

in the following period, the most typical "transformation" case of SAIC was undoubtedly the joint venture of Alibaba Group and Zhangjiang Hi-Tech to establish "Zhiji Automobile". During the Shanghai Auto Show, Zhiji Automobile officially released the "Angel Wheel Edition" model of the luxury pure electric smart car Zhiji L7, with a pre-sale price of 48,8 yuan, and officially accepted the reservation. It is expected to be delivered in the first quarter of 222.

in addition, SAIC will focus on R-car high-end intelligent electric vehicles, SAIC Chase, smart heavy trucks and Robotaxi and other projects to fully promote technological innovation, with specific directions including a new generation of pure electric exclusive vehicle architecture, liquid lithium batteries, solid-state lithium batteries, fuel cells, "three-electric system" and so on.

It is believed that the free transfer of shares by SAIC may be for the purpose of further implementing mixed reform and foreign investment layout and transforming into a high-tech enterprise. The birth of "Zhiji Automobile" has given the industry new expectations. Who will be the next project?

what is the intention of Shanghai group to transfer 3.58% equity for free?

First of all, SAIC transferred 3.58% equity to Shanghai International Group for free. What does Shanghai International Group do? A casual check shows that he is the main financial business. Many brokers have his shares, and they are state-owned. Transferring 3.58% of his shares to him for free is definitely a bigger gain. There is no free lunch to help each other use each other. Basically, it is called a strong alliance, and the government's support is definitely great.

it's normal for me to pay you to work for me. A big company makes money mainly on its competitiveness. If you have money, he has technical ability, just like retail investors and fund managers in the stock market. Retail investors don't know how to manage money, but they give money to fund managers. We won't ponder the policy. However, we must know that large listed companies are definitely the first movers in terms of policies, and many aspects, especially national policies, are absolutely in the forefront. China has developed rapidly in recent years, and it is quite correct that the state-owned assets reform started in 198' s and 199' s to the current state-owned investment route. Just look at the current economic prosperity.

as for where the money came from and where it went, who has a good life and who has a bad life, let's leave it to time to study.