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Evergrande motor had a net loss of RMB 4.79 billion in the first half of the year and a loss of RMB 2.22 billion in the same period last year

Wechat scanning QR code < / P > < p > is used to share with friends and circles of friends < / P > < p > financial Associated Press, August 30. Evergrande automobile announced in the Hong Kong stock exchange that its revenue in the first half of the year was 6.92 billion yuan, a year-on-year increase of 53.5%; The net loss was 4.79 billion yuan, compared with 2.27 billion yuan in the same period last year. During the reporting period, the revenue of the new energy vehicle segment was 36.98 million yuan, a decrease of 30.22% compared with 53 million yuan in the same period in 2020, mainly due to the decrease in battery sales revenue. Carnet factory is upgraded according to new battery products. Evergrande automobile said that the mass production of hengchi automobile developed by the group is entering the final sprint stage and still faces the challenge of cash flow. If there is a lack of further capital investment in the short term, the mass production schedule of new energy vehicles may need to be postponed < p > related news: < / P > < p > < / P > < p > Evergrande notes are followed by Evergrande auto shares“ The "big d club" is going to withdraw, too < p > source: Wall Street < / P > < p > < / P > < p > on Thursday, the interim results released by China policy group showed that the company turned profit into loss, and shareholders should account for a loss of nearly HK $200 million, compared with a profit of more than HK $50 million in the same period last year < p > the huge loss of Zhongce group was mainly due to the decrease of about HK $173 million in the fair value of its investment in Evergrande automobile. In this regard, Zhongce directly said that it would consider selling part or all of Evergrande's investment < p > Zhongce wants to sell off Evergrande auto shares < / P > < p > according to the announcement of the semi annual report of Zhongce group, the stock price of Evergrande auto has fallen sharply due to some negative news recently from China Evergrande group, the holding company of Evergrande auto < p > based on the closing price of Evergrande automobile of RMB 5.18 on the announcement date (August 26), the book value of Evergrande automobile held by Zhongce group was about HK $692 million, down about 82% from HK $3.861 billion held at the end of June < p > according to the announcement, as of June 30, Zhongce group held 133 million ordinary shares of Evergrande motor, accounting for about 1.37% of its issued shares. The book value of Zhongce group's investment in Evergrande motor is about HK $3.861 billion, accounting for about 46.96% of its total assets < p > Zhongce group said that it would consider selling part or all of its investment in Evergrande's listed shares when it considered it appropriate by referring to a number of factors, including but not limited to publicly available information on Evergrande's business development and prospects, the current market atmosphere and market conditions < p > as of June 30, the proportion of Evergrande automobile held by Zhongce group in the overall investment portfolio was 98.48% < p > Zhongce just sold Evergrande notes < / P > < p > on August 24, Zhongce group announced that Jiazhi, an indirect wholly-owned subsidiary, sold 8.75% and 9.5% of China Evergrande group's preferred notes in the secondary market, with a total face value of US $2 million and US $5 million respectively, and a total cost of about US $763000 and US $1875000 respectively < p > for the merger and sale, Zhongce Group expects a small overall loss of about US $4.714 million < p > Zhongce group is mainly engaged in investment securities, electronic component trade, bond lending and securities brokerage. According to the 2020 annual report of Zhongce, the largest shareholder is Zheng Jiachun, with a shareholding ratio of 16.67% < p > Zheng Jiachun is the son of Zheng Yutong, the deceased top tycoon in Hong Kong, and the chairman of new world group. He spent HK $204 million to win the control of China policy group, allowing the "big d club" of Hong Kong's top rich circle to enter the market again < p > in October 2009, Evergrande held a listing promotion conference in Hong Kong. Zheng Yutong, Liu Luanxiong and Zhang Songqiao, who are regarded as the core members of "big d conference", all attended the platform < p > in recent years, China Policy Group has acquired China Evergrande preferred notes for many times < p > according to public data, on March 29, 2017, Jiazhi investment, an indirect wholly-owned subsidiary of China policy group, completed the acquisition of 9.50% of China Evergrande preferred notes with a total principal of US $50 million at a total cost of US $50 million < p > on September 25, 2020, Zhongce group was indirectly wholly-owned and attached to the open market to acquire 6.25% and 8.9% China Evergrande bills due in 2021 with a total principal amount of US $5 million, with a total consideration of about US $4.29 million and US $4.35 million respectively < p > in fact, Zhongce group not only holds many preferred notes of Evergrande, but also shares Evergrande health, the predecessor of Evergrande automobile, since 2015 < p > in its 2020 annual report, Zhongce group said that it had invested in Evergrande since March 2015. At the end of 2020, Zhongce held 134 million ordinary shares of Evergrande, accounting for about 1.52% of its issued shares < p > China Evergrande's share price has fallen by more than 50% so far this year. China Evergrande owns 75% of the equity of Evergrande motor. At present, the market value of Evergrande motor is about HK $65.5 billion < p > as of press time, China Evergrande reported HK $4.44, up 4.96%; Evergrande motor reported HK $6.71, up 29.34%, the largest intraday increase in more than a month < p > in terms of bonds, China Evergrande's US dollar bonds have reached a new low. The purchase price of Evergrande's US dollar bonds due in 2025 fell by 1 cent to 36 cents per dollar, the lowest since its listing; The purchase price of US dollar bonds maturing in 2022 fell by 1.7 cents to 44.8 cents per dollar


2023-03-22 10:04:42

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