On the evening of June 10, *ST Lifan announced that the company received notices from the controlling shareholder Lifan Holdings and actual controllers Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei on June 10 and June 13 respectively.
According to the announcement, Lifan Holdings is the controlling shareholder of *ST Lifan, holding 47.08% of the company's shares. Yin Mingshan, Chen Qiaofeng, Yin Xidi and Yin Suowei all hold directorships in the company, and the above four directly hold 0.49% of the company's shares; The above four people indirectly hold 47.08% of the shares of the company by holding shares of Lifan Holdings.
As soon as this news came out, the industry generally believed that Lifan really had no choice this time.
We have no intention of echoing this statement, but from the current point of view, Lifan has indeed ushered in a period of death, and Yin Mingshan has also ushered in a heroic ending.
There is no doubt that Yin Mingshan is a hero.
He used to be a household name in Chongqing. The two cards in his hand, motorcycle and football, were once the pride of Chongqing. Lifan motorcycle, which once surpassed Jialing and built, has become the leader of Chongqing motorcycle industry. In 2000, Yin Mingshan spent 55.8 million yuan to acquire "Avant-garde Global Island" and changed its name to "chongqing lifan Football". That year, the team won the FA Cup, which was the first championship in Chongqing football history.
He is also the founder of Chongqing Automobile.
In 2003, in order to expand its business, Yin Mingshan decided to enter the automobile industry, and Lifan Group immediately kicked off the automobile manufacturing. He bought 80% of the shares of Chongqing Special Purpose Vehicle Factory, and then increased his holdings to 95%. His trademark was completely changed to "Lifan brand" and he began to build an automobile production base in Beibei. In Yin Mingshan's view, "Toyota is everywhere, and Santana is everywhere. Ask Lifan people, what should I do? " "What's the difference between a boss without a dream and a glutton?"
In 2005, Lifan obtained the qualification of automobile production, and officially put its lifan 520 sedan on the market in 2006, when Yin Mingshan was 68 years old. The old horse crouches, aiming at a thousand miles, and the martyrs are full of courage in their twilight years.
2010165438+125 October, Lifan became the first private car company listed in China, which Yin Mingshan called the "best gift" he received when he was 73 years old. After listing, the market value of Lifan Holdings reached 654.38+0 billion yuan, and Yin Mingshan was the richest man in Chongqing.
At this point, Yin Mingshan reached the peak of his life.
But it was also from the day he entered the automobile industry, which may have laid the groundwork for today's achievements.
During the years of 10, Lifan Automobile has successively manufactured and developed a number of models, and subsequently launched new energy vehicles that meet the development trend, but the sales volume is relatively bleak. Yin Mingshan's "imitation" strategy has no harm when making motorcycles, but when it is used in making cars, it will soon be stretched. Lifan Automobile, which has relied on imitation and plagiarism for many years, has no core technical support, and its product reputation and brand awareness are not satisfactory, and the financial crisis is gradually emerging.
In the increasingly competitive automobile market, Lifan began to fall behind, and both sales and profits declined.
According to Lifan's latest sales data, in August, the company only sold traditional passenger cars 15 vehicles, down 92.4% year-on-year, and 49 new energy vehicles, down 78% year-on-year. From June 5438 to August, the company sold traditional passenger cars 1 183 vehicles, down 94.53% year-on-year, and new energy vehicles/66/kloc-0 vehicles, down 60.54% year-on-year.
In terms of performance, *ST Lifan achieved operating income of 65.438+58.4 million yuan in the first half of the year, down 69.42% year-on-year; The net loss was 2.595 billion yuan, a loss of 947 million yuan in the same period of last year, an increase of 65,438+073.99%. Total assets are about1696 million yuan, net assets are only1600 million yuan, down 9.6 12% year-on-year, liabilities are as high as1677 million yuan, and the asset-liability ratio is as high as 98.87%.
"Since 20 18, Lifan has been dying without success." Insiders said frankly.
The wisdom of the car has also been written at the end of the road Lifan, bleak Yin Mingshan? |? Future figures: this octogenarian has to support himself in the disillusionment of his dreams.
The reality is so cruel, but fate still hasn't given Yin Mingshan a chance to "die a natural death".
Lifan is also a slim chance.
Almost at the same time that Yin Mingshan was put on file, the first creditors' meeting of the reorganization case of Lifan (Industry) Group Co., Ltd. and ten wholly-owned subsidiaries was held in the Fifth Intermediate People's Court of Chongqing. The bankruptcy and reorganization of Lifan Automobile officially kicked off.
The legal entity of Lifan this year is Lifan Automobile Sales Co., Ltd. The audit results of the debt manager appointed by the court (hereinafter referred to as the "manager") show that the current book assets of Lifan Sales Company are about 30 million yuan and the fixed assets are about150,000 yuan.
Compared with the debt, these assets are almost nine Niu Yi dollars and two months. The administrator * * * received 489 claims, and the total amount of claims declared was 1 1.28? 1 100 million yuan, and the final total amount of creditor's rights is 699 million yuan. The main reasons for not approving the creditor's rights are pending litigation, unqualified applicants and insufficient evidence. In other words, there is still a gap of nearly 700 million between the assets and debts of Lifan Sales Company.
In addition, Lifan Sales Company has 162? A civil lawsuit and arbitration lawsuit have not yet been closed, involving about 870 million yuan. Among ordinary creditors, the largest single debt is Xi 'an Sub-branch of Ping An Bank Co., Ltd., with the approved amount of creditor's rights of 284 million yuan; The smallest single debt is Xiamen Jianxiu Mirror Industry Co., Ltd., with the approved amount of 1.665 yuan.
It can be seen that finance is the only factor that determines Lifan's survival.
Recently, *ST Lifan announced that Chongqing Liangjiang Equity Investment Fund Management Co., Ltd. (hereinafter referred to as "Liangjiang Fund") and Geely Major Investment Co., Ltd. (hereinafter referred to as "Geely Major") will participate in the restructuring of Lifan shares as intentional restructuring investors. According to Tianyancha information, Geely Maijie is a wholly-owned subsidiary of Geely Science and Technology Group, and is wholly-owned by Chongqing Liangjiang New Area Management Committee.
This means that Geely has begun to participate in the restructuring of Lifan.
The major shareholder of Geely Automobile is Geely Technology Group Co., Ltd., and the actual controller is Li Shufu, chairman of Geely Holding Group. This means that Geely will take over and acquire Lifan shares. Some people think that shell resources, land assets, financial licenses or Geely takes a fancy to the latter listed companies.
Public opinion believes that on the one hand, as a listed company, Lifan's "shell" resources can be "loaded" into other businesses, bringing more convenience to Geely in the capital market; On the other hand, it is beneficial to the layout of the southwest market. Lifan Automobile Chongqing production base can enjoy certain dividends in industrial support and local policies. Judging from Geely's current production layout, the main factories are located in the east and north, and the acquisition of Lifan can improve its national production network.
The result is unknown.
It is worth mentioning that in June this year, Geely Holding was repeatedly rumored to be interested in acquiring Lifan shares. In this regard, Yang Xueliang, a spokesperson for Geely Holding Group, once denied that "there is no such thing". Even if Geely let Lifan see the dawn, it is still unknown whether Geely will keep Lifan. The biggest possibility is that when Geely took over Lifan, it was when Lifan withdrew from the stage.
Generally speaking, underestimating the difficulty of building a car is the fundamental reason for the decline of Yinmingshan.
"The complexity of motorcycle technology is different from that of cars. It's not about two wheels or four wheels. Management, funds and other conditions are not ready, and Lifan has worked very hard. " Experts interpret Lifan's failure in this way.
From the outside world, for Yin Mingshan and Lifan, who have been dragged into life and death by debts, building a car is not the first priority, but paying off debts.
Regardless of the findings of the CSRC and whether Geely can save Lifan, the era when Yin Mingshan and China built their own cars is finally over. Once the richest man in Chongqing and once a giant car company have become a thing of the past.
"Remember my dream when I was young? Like a flower that never adjusts zero. Accompany me through the storm, see the impermanence of the world and see the vicissitudes of life. " I wonder how Yin Mingshan will feel when he hears this song "The Price of Love"? (writing? | Is the car intelligent? Wang)
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.