Ironically, one party has a huge amount of financing, while the other party is in arrears with employees' wages. Not only that, today's Baoneng Department is in deep trouble, brothers are separated, debts are overdue, financing is blocked, and mass layoffs are made. ...
Speaking of Yao Zhenhua, the most famous is the barbarian in Wang Shikou's mouth. The savage's family history is also wonderful. Yao Zhenhua and his "Baoneng Department" are like a beast, wandering in the storm center of China's economic reform, firmly stepping on every node of the policy transition.
Yao Zhenhua was born in 1970. /kloc-at the age of 0/8, he was admitted to South China University of Technology and graduated with a bachelor's degree. It was an era when college students were called the favored ones. After graduation, Yao Zhenhua went to work in a state-owned enterprise. As a Chaoshan person, Yao Zhenhua has a restless heart, saving money while staring at entrepreneurial opportunities.
After speaking in southern China, Yao Zhenhua realized that the opportunity had come and decided to resign and come to Shenzhen. At that time, there was a shortage of non-staple food in China, and the "vegetable basket project" was implemented. Yao Zhenhua and his younger brother Yao Jianhui established Xinbaokang Vegetable Industry Company. Yao Zhenhua has his own blueprint in mind, which is different from other companies as middlemen. Yao Zhenhua chose to build a production base for agricultural products and build a complete industrial chain.
In just a few years, Xinbaokang has become a vegetable leader in Shenzhen, and the two brothers have also earned a lot of money.
With the first bucket of gold, Yao Zhenhua decided to enter the real estate industry. 1998, during the housing reform, Yao Zhenhua took a piece of land in Futian District to develop the China-Hong Kong Commercial City project. Since then, relying on a keen sense of business, Yao Zhenhua has made great efforts in the field of real estate, winning many battles.
In 2000, 30-year-old Yao Zhenhua founded Baoneng Group. While deeply cultivating the real estate industry, Yao Zhenhua is also exploring business opportunities in other industries. He has really found a legacy-deep logistics of state-owned enterprises. In 2002, due to many factors such as poor management, Shenye Logistics faced the dilemma of selling assets and business. After hearing the news, Baoneng acquired 46.2% of the shares through auction and overweight.
Although Shenye Logistics has not completed the goal of listing on the main board in China within three years, it has moved towards division. However, in the process of allocating assets, Baoneng not only obtained its goodwill and the right to use its name, but also obtained a large number of real estate and land. In this battle, Baoneng only paid more than 200 million yuan, but gained tens of billions of real estate values and land. It is precisely because of this that Baoneng has enough funds to enter other fields.
In 20 12, Yao Zhenhua, which is optimistic about the development prospect of the insurance industry, established Qianhai Life Insurance, thus entering the financial field. In that year, the company's total assets were only 65.438+73 billion yuan; At the end of 20 13, the total assets of qianhai life insurance exceeded1700 million; 20 14 exceeded 56 billion. By 20 16, the total assets of Qianhai Life Insurance have exceeded 200 billion.
With the help of Shenye Logistics and the blood transfusion of Qianhai Life Insurance, Yao Zhenhua used financial leverage to become a barbarian in Wang Shi's mouth and became the largest shareholder of Vanke in one fell swoop. This is regarded as the most thrilling battle in China's capital market, which ended with the dismal exit of Vanke's founder, Yao Zhenhua, who cashed in 58.9 billion yuan. Since then, Yao Zhenhua has become famous in China's capital market.
On March 20 17, Yao Zhenhua established Baoneng Automobile, and formally joined the new energy vehicle, vowing to help the rise of the national automobile industry. But boss Yao started by selling vegetables and made a fortune by real estate. He is also a good dancer in the capital market. In manufacturing, he is really a layman. But boss Yao has money.
After the acquisition of auto parts enterprises such as CSG, Zhongju Hi-Tech, Shaoneng, etc., in 2065438+2007165438+10, Baoneng Automobile won the shares of Qoros 5 1% for 6.63 billion yuan. In 20 19, it was smashed again15.6 billion, an increase of 63%.
It seems that the acquisition of a car-making enterprise is not worthy of boss Yao's car-making battle. One year after the acquisition of Qoros, Baoneng Automobile took Changan PSA (Changan Peugeot Citroen) into its pocket. Every move reveals the seriousness of Yao's boss in building cars. However, no amount of ambition can hide the naked truth.
In the four years after being acquired by Baoneng, Qoros Auto only released a new car, but the sales volume can only be described as bleak. From 20 18 to 2020, the sales of qoros vehicles will be about 63,000, 22,700 and130,000 respectively. The record high of 20 18 is only because Baoneng uses its linked cloud car rental business for self-production and self-sale.
As for the Qoros 7 launched after Baoneng entered the company, from its listing in September 2020 to the end of last year, the cumulative sales volume was only 76,465,438+0 vehicles. In the first five months of this year, the sales volume was 4 100. More interestingly, at present, there are more than 800 Baoneng auto direct stores. This means that a store can't even sell two cars a year.
Although the sales volume of Qoros can't reach, at least there are real materials. As for Baoneng cars, none have been built.
At the same time, Baoneng Automobile has laid out six automobile bases in Shenzhen, Kunming, Guangzhou, Xi 'an, Kunshan and Guiyang, which have not achieved mass production, and some of them are even under construction or waiting for work.
The Guangzhou base produced in 2020 is still under construction. The new energy plant in Kunshan is in a semi-shutdown state, and the production bases in Kunshan and Kunming have not yet started. As for the factory in Hangzhou, it seems to have been forgotten. ...
Among these planned production bases, Baoneng has planned a total production capacity of 3.5 million vehicles. Compared with the sales volume of Baoneng automobile and the achievements of making cars, this figure is simply outrageous.
Let's take a look at the speed of Tesla. 2065438+In May 2008, Tesla Shanghai Co., Ltd. was established. It was granted in July, and the land was acquired in 5438+1October and June. Land leveling was completed in February 65438. Construction began in June 5438+the following year 10. Officially put into production in early 2020.
Baoneng doesn't need such an exaggerated speed, but it shouldn't be such an outrageous process. This may be because Baoneng's mind is not on making cars.
Since 20 17, Baoneng has been frantically enclosure in the name of building cars, and has successively won a lot of land in Guangzhou, Kunming, Hangzhou, Guiyang, Xi, Kunshan and other places. According to incomplete statistics, its car-making base and projects cover an area of nearly 9,000 mu, with a total area of 4,574,400 square meters, including 8 1.500 square meters of residential land.
Compared with its slow base construction, Baoneng's commercial housing construction is one step ahead. For example, an base has not yet been completed, and the property that Baoneng is less than 2 kilometers away from the base has already started to be sold. And this is not a case. This is also the reason why Baoneng was questioned that the fake car really took the land.
So, at the end of last year, Baoneng was officially named. It is required to report the investment projects in various places since 20 17, including land occupation, construction content, project progress, completed investment, etc. As a result, Baoneng admitted the false propaganda and injected water into the production capacity. ...
Time has entered 202 1 year, and Baoneng's high-profile car-making has finally put itself in a dilemma. At the beginning of 65438+ 10 this year, Yao Jianhui announced his resignation from Baoneng Holdings, which is mainly engaged in real estate, and divested Baoneng Department. Many people think that the real reason for the separation of brothers is that Yao Jianhui plans to integrate his real estate sector to sprint IPO, while others think that this is a means for him to divest high-quality assets. But the separation of the two brothers is an ironclad fact.
Not only that, but the defeat of Baoneng Automobile also began to appear. Following the termination of the issuance of165438+700 million ABS project last year, another ABS project was terminated by the Shanghai Stock Exchange in May this year. After the separation of brothers, the previous financing method with real estate as hard currency did not work, and it became more and more difficult to finance only by Baoneng Automobile.
At the same time, news spread like wildfire that Baoneng Automobile defaulted on its suppliers' payments, laid off employees on a large scale, stopped paying social security and defaulted on employees' wages. Although Bao can refute the rumor, what is more terrible than public opinion is the naked reality.
According to incomplete statistics, the total financing amount of trust plans issued by Baoneng Automobile in six financial institutions, including China Railway Trust and COFCO Trust, exceeds 654.38+05 billion yuan. Under the guarantee of Shenye Logistics and Jusheng Huawei, we obtained a bank loan of 65.438+0.239 billion yuan. With assets as collateral, it obtained financing of 300 million yuan.
This means that Baoneng Automobile has already shouldered huge debts. Previously, its subsidiary had a loans overdue of 654.38+06 billion yuan. Coupled with the weak hematopoietic capacity of Guanzhi, Baoneng didn't sell a car, and the dilemma is self-evident.
Moreover, the automobile industry is a market-oriented industry, and capital is only the first threshold for building a car. Even if a lot of money is invested in building a car, it needs to be tested by the market. In addition, today's new energy vehicle market is highly competitive. There are not only pioneers such as Tesla, Tucki and Weilai, but also traditional car companies and Internet giants. It is not easy for Bao to stand out from the crowd.