Core Insights - North Car Blue Valley reported a revenue of 14.512 billion yuan for 2024, a year-on-year increase of 1.35%, but a net loss of 6.948 billion yuan, a decline of 28.67%, marking the fourth consecutive year of losses since 2020 [1] - In Q1 2024, the company achieved a revenue of 3.773 billion yuan, a significant year-on-year growth of 150.75%, but still reported a net loss of 0.953 billion yuan [1] Financial Performance - The stock price of North Car Blue Valley fell by 3.36% to 7.20 yuan per share, with a market capitalization of approximately 40.1 billion yuan as of April 29 [2] - Total sales for 2024 reached 113,900 units, a year-on-year increase of 23.53%, with the Arcfox brand contributing over 81,000 units, a remarkable growth of 170% [2] - Despite the increase in sales, the gross margin for the vehicle business declined by 4.51 percentage points to -14.94%, indicating deteriorating profitability due to price wars [2] Investment and Funding - North Car Blue Valley plans to raise up to 6 billion yuan through a private placement of shares, with a maximum issuance of 1.672 billion shares [3] - Major stakeholders, including North Car Group and Foton Motor, are expected to subscribe for 0.5 billion yuan and 2.5 billion yuan respectively, while the remaining investors are yet to be confirmed [3] - The raised funds will be allocated to new energy vehicle development and AI intelligent platform projects [3] - The company has previously conducted three rounds of private placements since its listing, raising nearly 20 billion yuan in total [3][4]

【导读】北汽蓝谷拟定增募资不超过60亿元，北汽集团、福田汽车分别拟认购不超过5亿元、25亿元 中国基金报记者吴君 北京国资旗下新能源车企北汽蓝谷发布大额定增预案。 4月28日晚间，北汽蓝谷公告称，拟向特定对象发行股票，募资不超过60亿元，投向新能源车型开发项目、AI智能化平台及智驾电动化系统开发项目；其 中，公司控股股东北汽集团、其控制的关联方福田汽车，拟分别认购不超过5亿元、25亿元。 但最新披露的财报也显示，2024年北汽蓝谷归母净利润为-69.48亿元，今年一季度为-9.53亿元，已连续多年亏损。该股今年以来下跌6.87%，截至4月28 日，报收7.45元/股，总市值为415亿元。 北汽集团、福田汽车参与认购 北汽蓝谷4月28日晚间披露的《向特定对象发行股票预案》显示，本次向特定对象拟发行股票数量不超过16.72亿股（含本数），募集资金总额不超过60亿 元（含本数）；在扣除发行费用后的募资净额将投向新能源车型开发项目、AI智能化平台及智驾电动化系统开发项目。 | 序号 | 项目名称 | 项目投资总额 | 募集资金拟投入金额 | | --- | --- | --- | --- | | | 新能源车型开发项 ...