连亏三年，深蓝汽车开启新融资，低于5亿还不要，未来会独立上市吗？

Core Viewpoint - Changan Automobile is actively pursuing investment opportunities, with Avita submitting a Hong Kong stock application and Deep Blue Automotive Technology Co., Ltd. initiating a capital increase project [2] Group 1: Capital Increase Project - Deep Blue Automotive aims to raise funds through a capital increase project, with the total amount and corresponding shareholding ratio to be determined [3] - Existing shareholders will participate in the capital increase, and employee participation is set at 100% [3] - The new shareholders' stake will not exceed 20%, and the capital raised will be used for new vehicle R&D, core technology innovation in intelligence and electrification, and enhancing global brand strength [3][4] Group 2: Shareholder Structure - Changan Automobile holds a 50.9959% stake in Deep Blue Automotive, making it the largest shareholder, followed by Nanjing Runke Industrial Investment Co., Ltd. with 11.078% [5] - The remaining shareholders are primarily investment funds, including the Jiaoyun Boyu No.1 (Suzhou) Debt-to-Equity Investment Fund [5] Group 3: Financial Performance - Deep Blue Automotive has experienced significant losses, with net losses of 3.196 billion yuan, 3.107 billion yuan, and 1.571 billion yuan from 2022 to 2024 [14] - As of October 31, 2025, the company reported total assets of 314.74 billion yuan and total liabilities of 359.86 billion yuan, resulting in negative equity of 45.12 billion yuan [15] - Despite the losses, the company has seen a narrowing of losses and aims to achieve profitability with monthly sales exceeding 30,000 units [16][17] Group 4: Sales and Production Capacity - In the first ten months of this year, Deep Blue Automotive's cumulative sales reached approximately 269,000 units, with a goal of 360,000 units for the year [18] - The company has committed to investing no less than 10% of its sales revenue in R&D annually, with a total R&D investment exceeding 100 billion yuan by 2030 [18]