Recently, Lixun Precision held a performance presentation meeting, which mentioned the investment in Chery.
“the investment in Chery is led by Lixun’s holding company and belongs to the pure investment behavior of individual shareholders.
” at present, there are no plans to inject into listed companies.
” That is to say, Chery and Lixun Precision are not directly related, but have the same shareholder.
Moreover, the controlling party Lixun Co., Ltd. has no plans to sell its stake in Chery to Lixun Precision for the time being.
At least at this stage, Chery and Lixun Precision are only “brothers” relationship, the two sides have cooperation but there is no equity trading relationship.
However, Lixun Precision is continuing to explore other areas, focusing on automotive, communications, medical and other related industries in the near future.
And because of the relationship between Lixun Co., Ltd., the cooperation between Chery and Lixun Precision is expected to deepen in the future.
Photo: Chery Group, the two sides are now in the same boat.
In early 2022, there was a lot of news about “Lixun Precision taking a stake in Chery”.
But in fact, this investment is led by Lixun Precision shareholder Lixun Co., Ltd. According to Tianyancha App, Lixun Co., Ltd. is the controlling shareholder of Lixun Precision, with a 38.
05% stake.
In February 2022, Lixun Co., Ltd. took over the 19.
88% stake in Chery Holdings, 7.
87% stake in Chery and 6.
24% stake in Chery New Energy held by Qingdao Wudaokou for 10.
054 billion yuan.
After the completion of the transaction, Lixun Co., Ltd. became the third largest shareholder of Chery Holdings and the fourth largest shareholder of Chery shares.
On the face of it, this transaction has nothing to do with Lixun Precision.
However, in the eyes of people in the industry, this is Lixun Co., Ltd. to pave the way for Lixun Precision to vigorously develop the automotive business.
At the same time, Lixun Precision signed a strategic cooperation agreement with Chery to form a joint venture with Chery New Energy.
The two sides plan to give full play to and make full use of their supporting R & D and OEM business for brand customers in the field of new energy vehicles (including but not limited to commercial, passenger, logistics, etc.). Resources and advantages of vehicle OEM business, jointly train R & D and production teams and develop cooperative business.
It is reported that the products created by the joint venture will be supplied not only to Chery but also to other car companies.
This is in line with Lixun’s medium-and long-term goal of “becoming a leading Tier1 manufacturer of auto parts”.
Fruit chain first Brother Lixun wants to ride the Dongfeng of new energy vehicles, and Chery is the partner its controlling shareholder is looking for.
Chery’s dream of changing the way and going public denied from Lixun that Chery will be injected, which also means that Chery will not rely on the strength of others to achieve its dream of listing.
Those who know the history of Chery should know that it has always had the dream of listing the group as a whole or the automobile business, and has been working hard for it for 20 years.
However, due to long-term borrowing and financing, Chery’s debt ratio exceeds the industry’s warning line of 60%.
The data show.
From 2015 to 2019, the asset-liability ratio of Chery Holdings and Chery shares hovered around 75%.
profits have also been at a loss for a long time.
Due to poor financial situation, the dream of listing of Chery Holdings and Chery shares has not been realized.
Chery opened the road of mixed reform again after 2019, bringing in foreign aid to save itself, but also for shock listing.
Qingdao Wudaokou New Energy Automobile Industry Fund delisted and held 51 per cent of Chery Holdings and 35.
58 per cent of Chery shares with a total transaction value of 19.
601 billion yuan, making it the largest shareholder of the two companies.
Subsequently, relevant executives from Wudaokou in Qingdao joined the Qirui Department, of which Zhou Jianmin became vice chairman of Chery Holdings and vice chairman of Chery Automobile.
In 2020, Chery Chairman Yin Tongyue also said that “after the completion of capital increase and share expansion, Chery has put the acceleration of listing work on the agenda.
” Zhou Jianmin has also said that he will push forward the listing process of Chery.
However, due to financial problems, Qingdao Wudaokou pledged Chery Holdings and Chery Automobile shares many times, and finally withdrew from the Qirui Department.
As a result, Chery’s dream of listing was shattered again.
In 2022, Lixun Co., Ltd. joined Qirui Oriental Array.
It took over the equity of Qirui from Wudaokou in Qingdao with tens of billions of yuan.
However, according to the agreement between the two sides, Lixun Co., Ltd. will not control Chery Holdings, Chery shares and Chery New Energy after the completion of this transaction.
However, Wang Chunlai, chairman of Lixun Precision, is now a director of Chery Holdings.
Source: App.
At the end of last year, Chery seemed to restart its IPO program.
Chery Holdings has revived plans to list its subsidiary Chery shares, submitting its first IPO application as soon as 2024, valued at as much as 150 billion yuan, Bloomberg reported.
Chery responded, “the company is actively preparing to go public, and the rest of the information is inaccurate.
” In terms of sales and revenue, Chery should have the ability to go public.
Since 2021, Chery Group’s sales have increased by leaps and bounds.
By 2023, Chery Group will sell 1.
88 million vehicles and have revenue of more than 300 billion yuan.
Especially in terms of exports, overseas accounts for about 50% of the group’s total sales, and ranks first in the export sales of Chinese brands.
It is reported that Chery’s internal executives have revealed that the group’s profits have exceeded 10 billion yuan, especially exports have created huge profits.
If Chery shares can make profits for the last three consecutive years, then IPO in China is just around the corner.
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