Workflow
山子高科重组哪吒汽车?合众新能源管理人:假消息,山子高科只是意向人之一

Core Viewpoint - Shanzi High Tech is reportedly pursuing a restructuring deal with Neta Auto's parent company, Hozon New Energy, but both parties have denied any substantial engagement in the process, indicating that Shanzi High Tech is merely one of several interested investors [1][5][6]. Group 1: Company Information - Shanzi High Tech, established in August 1998, is a publicly listed company in China, involved in real estate development and vehicle manufacturing [2][3]. - The company acquired a 90% stake in Xingtai Longgang Investment Development Co., gaining relevant vehicle manufacturing qualifications [5]. Group 2: Neta Auto's Financial Situation - Neta Auto, once a leading new energy vehicle manufacturer with sales of approximately 152,100 units in 2022, has faced significant declines in sales and operational issues starting in 2023 [7][9]. - As of the end of 2023, Neta Auto's short-term loans amounted to 4.317 billion yuan, while cash reserves dropped to 2.837 billion yuan, insufficient to cover its short-term liabilities [8]. - The company reported cumulative losses exceeding 18 billion yuan from 2021 to 2023, with losses of approximately 4.84 billion yuan, 6.666 billion yuan, and 6.867 billion yuan for those respective years [9]. Group 3: Restructuring Process - Hozon New Energy is undergoing bankruptcy restructuring, with a call for potential investors to participate in the process, which has attracted over 70 interested parties [5][11]. - The restructuring process is aimed at maximizing asset value and maintaining the rights of all stakeholders, with a focus on market-oriented and legal methods [11]. - As of August 31, 2024, Hozon New Energy had approximately 154.591 million yuan in cash, with total claims from creditors exceeding 26 billion yuan [11].