Geely Auto’s capital operation in the A-share market continues to accelerate. On June 22, Hanma Technology stated that the company’s controlling shareholder, Geely Commercial Vehicle Group, is planning with the Ma’anshan Municipal People’s Government about the company’s asset divestiture.
Affected by the news, Hanma Technology opened its daily limit again and has won three consecutive shares. As of the noon closing, the stock was quoted at 9.71 yuan per share, with a total market value of 6.35 billion yuan and a turnover rate of 1.09%.
Geely Commercial Vehicle plans to divest assets
‘S Hanma Technology won three consecutive boards
On the evening of June 22, Hanma Technology issued an announcement of abnormal stock trading fluctuations. The company’s stock trading on June 18, June 21, and June 22, 2021, for three consecutive trading days, the daily closing price increase deviation accumulated Reaching 20% is a situation of abnormal stock trading fluctuations.
After the company’s self-examination and written inquiries about the company’s controlling shareholder and actual controller, the company’s controlling shareholder Zhejiang Geely New Energy Commercial Vehicle Group Co., Ltd. (hereinafter referred to as “Geely Commercial Vehicle Group”) and the actual controller Mr. Li Shufu further focused on the main business, Integrating strategic resources, optimizing the industrial structure, and revitalizing effective assets, Geely Commercial Vehicle Group is planning with the Maanshan Municipal People’s Government about the company’s asset divestiture, which has major uncertainties. In addition, there are no other major issues that affect the fluctuation of the company’s stock price.
At the same time, the company reminded that the asset divestiture is still in the planning stage and a clear plan has not yet been formed. At present, the two parties have not signed the relevant specific agreement, and there is significant uncertainty. The divestiture of assets needs to perform relevant decision-making and approval procedures in accordance with relevant laws and regulations, and there is significant uncertainty about whether the transaction can be approved. The asset divestiture is expected to involve some of the company’s non-core parts business assets and equity of subsidiaries and subsidiaries. The specific scope of asset transactions and transaction prices involved are subject to major uncertainties. This asset divestiture will not cause the company’s main business to change. The company will strictly follow the phased information disclosure requirements, continue to pay attention to relevant developments, and perform information disclosure obligations in a timely manner in accordance with the requirements of relevant laws and regulations. The company reminds investors to invest rationally and pay attention to investment risks.
As of June 23, Hanma Technology has won three consecutive boards, and the stock has risen over 41% in 4 trading days.
Valin Motors won the bid for the project has not officially signed the contract
New energy trucks account for relatively small revenue
In the announcement, Hanma Technology also stated that recently, related media reports: “On June 19, Hanma Technology’s new energy heavy truck project officially announced the start of construction in Ma’anshan as the sixth batch of major projects in Anhui Province, and new energy buses rolled off the assembly line at the same time. ”
Regarding this, after the company inquired and verified with relevant parties, on May 18, 2021, the company’s wholly-owned subsidiary Anhui Hualing Automobile Co., Ltd. (hereinafter referred to as “Hualing Automobile”) won the bid for Maanshan Public Transport Group Co., Ltd. ( Hereinafter referred to as “Ma’anshan City Public Transport Group”) 88 pure electric buses procurement project, the winning bid amount was RMB 76.158 million. Up to now, the company has not signed a formal sales contract with the Maanshan Public Transport Group.
At the same time, Hualing Automobile, a wholly-owned subsidiary of Hanma Technology, plans to implement a new energy commercial vehicle technological transformation project. On June 19, 2021, as the sixth batch of major projects in Anhui Province in 2021, Valin Automobile’s new energy commercial vehicle technological transformation project will be mobilized to begin construction. The company’s sales of pure electric trucks in 2019, 2020, and January-May 2021 were 89, 322, and 342, respectively. Revenues accounted for 1.03%, 3.50%, and 7.35% of the company’s overall operating income during the same period. The company’s new energy truck income accounts for a small proportion of the company’s overall operating income.
After the company’s verification, except for the above matters, the company has not found other media reports, market rumors and hot concepts that have an impact on the company’s stock trading prices that need to be clarified or responded to.
Hanma Technology Executives “Big Transformation”
What does intend?
On June 1, Hanma Technology announced that the company’s directors had received written resignation reports from Zhou Jianqun, Liu Hanru, Shangguan Yunfei, Chen Limin and others.
Among them, Mr. Zhou Jianqun applied to resign from the company’s chairman of the board due to work needs. After that, he still served as a director of the company’s eighth board of directors, chairman of the board’s strategy committee, and a member of the nomination committee. On the same day, Liu Hanru resigned from the positions of vice chairman and general manager and still served as a director of the company’s eighth board of directors and a member of the board’s strategy committee; Shangguan Yunfei applied for resignation from the company’s director position and still served as the company’s executive deputy general manager; Ms. Chen Limin applied for resignation from the company As a supervisor, he will no longer hold any position in the company.
Subsequently, Hanma Technology elected Fan Xianjun as the chairman, appointed Zheng Zhiqiang as the company’s general manager, and added Zhao Jie as a director candidate.
It is understood that Zhou Jianqun worked for Zhejiang Geely Holding Group Co., Ltd. in 2014. He was a member of the board of directors of Geely Holding Group. He also served as the CEO of Geely New Energy Commercial Vehicle Group. He is a veteran of Geely. In addition, Liu Hanru is the core figure who founded Valin Xingma.
Industry insiders pointed out that through this round of personnel adjustments, the relationship between Geely Commercial Vehicle Group and Hanma Technology will be closer. The elected chairman Fan Xianjun is the president of Geely New Energy Commercial Vehicle Group Co., Ltd. and the general manager of the heavy truck business unit. The new director candidate Zhao Jie is currently the vice president of Geely Commercial Vehicle Group.
In addition to personnel adjustments, Geely Commercial Vehicle Group has also made great moves in terms of equity.
On June 12, 2020, Valin Xingma, the predecessor of Hanma Technology, announced that Geely Commercial Vehicle Group will acquire the company’s equity at a price of no less than 435 million yuan. Since then, since November 2020, Hanma Technology has been promoting the non-public issuance of A shares to the Geely Commercial Vehicle Group.
On May 19, 2021, Hanma Technology issued an announcement stating that the net proceeds from the non-public offering is 585 million yuan, and Geely Commercial Vehicle Group’s shareholding ratio will increase to 28.01% after the issuance is completed.
also mentioned that the funds raised from this issuance will help the company continue to increase R&D and innovation investment, market operation support and other development strategies, thereby further enhancing the company’s product competitiveness, increasing market size, and enhancing profitability. In order to actively respond to changes in the market environment and industry policies, the company constantly adjusts its development strategy on the basis of its existing industrial layout, and urgently needs to improve product competitiveness through technological innovation and product upgrades; and increase products through the improvement and extension of the industrial chain Structural adjustments, strengthen market development, consolidate and expand market share, ensure the company’s sustained, rapid, and healthy development, strengthen company profitability, improve the quality of listed companies, and maximize corporate value and shareholder benefits.
Data shows that in 2020, the company realized net profit attributable to shareholders of listed companies of RMB -490 million; in the first quarter of 2021, the company realized net profit attributable to shareholders of listed companies of RMB -11.8249 million.
Vehicle concept stocks collectively rise
Changan Automobile’s daily limit
On June 23, auto stocks continued to rise at the opening quotation. Changan Automobile and Hanma Technology successively increased their daily limits, and Jiangling Motors, BYD, Great Wall Motors, etc. have rushed higher, rising by more than 3%. In addition, Dongfeng Motor, King Long Motor, BAIC Blue Valley and others collectively rushed higher.
article links：Shareholders are hey, Geely Capital operates a big move
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