LBX(SH:603883) Sou Hu Cai Jing·2025-08-01 07:24Core Viewpoint - Neta Automobile is facing severe financial difficulties, with a reported debt of 18.3 billion and a significant decline in sales performance, leading to employee unrest and consumer dissatisfaction [4][26][30]. Group 1: Financial Situation - Neta Automobile's revenue losses have escalated to 6.867 billion, with total losses exceeding 18 billion over three years [26]. - The company has liabilities amounting to 57.6 billion against a mere 2.837 billion in assets, indicating a dire financial state [26][30]. - Recent reports indicate that Neta's production lines have been halted for eight months due to financial constraints, leading to a backlog of unpaid wages and unresolved consumer issues [28][30]. Group 2: Employee and Consumer Impact - Employees have faced salary cuts and layoffs, leading to protests for unpaid wages, with some employees unable to access company premises [6][11]. - Consumers who have paid deposits for vehicles are experiencing delays in delivery, with many reporting issues with vehicle functionality and lack of available parts for repairs [18][20][22]. - The company has received numerous complaints regarding vehicle malfunctions, with hundreds of cases related to the inability to obtain necessary replacement parts [22][23]. Group 3: Attempts at Recovery - Neta Automobile has attempted to recruit investors for bankruptcy restructuring, with 44 potential investors expressing interest in reviving the company [32]. - There are plans for some employees to return in August to address outstanding customer service issues, indicating a potential path towards recovery [34]. - The company has previously tried self-rescue measures, such as debt-to-equity swaps, but these efforts have not been successful [30].