Core Viewpoint - Evergrande Auto has undergone significant changes with the takeover of two core subsidiaries by Guangzhou state-owned assets, indicating a shift in ownership and potential restructuring efforts amid ongoing financial difficulties [1][2][4]. Group 1: Company Ownership Changes - Guangzhou state-owned assets have taken control of two key subsidiaries of Evergrande Auto, namely Evergrande Intelligent Automobile (Guangdong) Co., Ltd. and Evergrande New Energy Automobile (Guangdong) Co., Ltd., with a combined registered capital of 7.5 billion yuan [1][2]. - The new controlling shareholder, Guangzhou Ju Li Modern Industrial Development Co., Ltd., has invested 2.5 billion yuan and 5 billion yuan in the respective subsidiaries, acquiring 100% ownership [2][4]. Group 2: Financial Performance and Challenges - Evergrande Auto reported a revenue of only 38.38 million yuan for the first half of 2024, a significant decline of 75.17% compared to 155 million yuan in the same period last year, with an expected net loss of approximately 20.254 billion yuan [6][7]. - As of the end of 2023, Evergrande Auto's total liabilities exceeded 72.5 billion yuan, with a net asset value of -57.9 billion yuan [6][7]. Group 3: Operational Status and Market Position - The company has only delivered 1,429 units of its sole model, Hengchi 5, by June 2024, which is far below industry averages, indicating a lack of market competitiveness [7]. - The production at Evergrande's Tianjin facility has been halted since January 2024, and the company is facing bankruptcy proceedings for its subsidiaries [11][14]. Group 4: Future Outlook - Despite the state-owned takeover, Evergrande Auto requires substantial financial investment and specialized management to navigate its current challenges, leaving its future uncertain [14].
有救了？恒大汽车两大子公司，被广州国资接手，注册资本合计75亿元！去年半年亏超200亿元，已付不起审计费，斥巨资买的地被无偿收回