众泰汽车，准备处置股票还债

Core Viewpoint - Zhongtai Automobile plans to dispose of up to 3% of its total shares, approximately 151 million shares, through centralized bidding and block trading after the judicial freeze on its assets is lifted on December 9, 2025, to repay historical debts and support its vehicle production recovery efforts [1][4]. Group 1: Share Disposal Plan - The company intends to dispose of a total of up to 1% of its shares through centralized bidding and up to 2% through block trading, with an estimated market value of around 560 million yuan based on the closing price of 3.77 yuan per share on December 18 [4]. - The proceeds from the share disposal are planned to be used for repaying historical debts, although the company previously indicated that the funds would also support its recovery efforts in vehicle production [4]. Group 2: Financial Performance and Challenges - Zhongtai Automobile has faced continuous losses for six consecutive years from 2019 to 2024, accumulating losses of 25.35 billion yuan, averaging over 11 million yuan in losses per day [5]. - As of the third quarter of 2025, the company reported total revenue of 419 million yuan, an increase of 8.98% year-on-year, but still recorded a net loss of 223 million yuan, an improvement from a loss of 333 million yuan in the same period last year [5]. - The company's net assets have significantly declined to 12.58 million yuan, down 98.61% year-on-year, raising concerns about its financial stability and potential delisting risks if it cannot resume production [7]. Group 3: Funding Efforts - Zhongtai Automobile has been actively seeking funding to alleviate its financial pressures, including a 500 million yuan credit line from Zhejiang Yongkang Rural Commercial Bank and a loan agreement for up to 38 million yuan with Shenzhen Anjixuan Technology Co., Ltd. [6]. - The company aims to use these funds primarily for operational needs to address its short-term financial challenges [6].