SENSTEED(SZ:000981) Ju Chao Zi Xun·2025-09-28 02:21Core Viewpoint - Hozon New Energy Vehicle Co., Ltd. is undergoing a restructuring process, with a potential investor, Shanzi Gaoke, having submitted the required materials and a deposit of 50 million RMB for the restructuring bid [2][3]. Group 1: Restructuring Process - As of the deadline for potential investors, only one investor has submitted complete application materials and paid the required deposit [2]. - The restructuring announcement allows for investors from various industries, provided they have sufficient financial strength and no significant overdue debts [3]. - The deadline for the payment of the deposit is set for September 15, 2025 [3]. Group 2: Financial Status - As of May 1, 2025, Hozon New Energy's assets primarily consist of fixed assets, machinery, intellectual property, and accounts receivable [3]. - The company owns a 350-acre industrial land in Tongxiang, Zhejiang, along with production line equipment and proprietary software products [3]. Group 3: Debt Situation - As of August 31, 2023, a total of 1,631 creditors have claimed debts amounting to approximately 26.58 billion RMB [4]. - The management has confirmed debts from 1,340 creditors totaling 5.183 billion RMB, with 72 claims rejected amounting to 10.616 billion RMB [4]. - The company owes over 5,000 employees approximately 460 million RMB, with ongoing verification of employee claims [4]. Group 4: Business Continuity Plan - A plan has been proposed to continue operations during the restructuring, including defect repairs and after-sales maintenance to preserve asset value and maintain brand trust among 400,000 car owners [4]. - The plan emphasizes resolving supply chain issues and gradually restoring after-sales services [4]. Group 5: Reasons for Bankruptcy - Key reasons for Hozon New Energy's bankruptcy include intensified industry price wars, lack of differentiated product positioning, and high R&D costs without meeting sales expectations [5]. - The company faced financial strain due to failed IPO attempts and numerous lawsuits leading to frozen bank accounts and asset seizures [5]. Group 6: Future Prospects - Shanzi Gaoke believes there are new opportunities in the competitive automotive market, focusing on differentiated product development through partnerships with tech companies like Alibaba [5]. - The company is in the critical R&D phase for new vehicle projects, aiming to innovate production processes and enhance supply chain efficiency [5].