Haima shares plans to invest 522 million repurchase 38.25% stake
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The 500 million yuan two-year income of 22.25 million available data shows that Haima Automobile’s 38.25% of the Haima sedan was formed in December 2008 with a 500 million yuan cash contribution to the Seahorse sedan, which was previously held by the Haima Group. Car 100% equity.
For this share transfer, Haima shares announced yesterday that the macroeconomic policy environment in China in 2008 is tight, while the company's Zhengzhou base is still in the construction period, relying solely on its own accumulated investment in the new Zhengzhou 150,000 car project, financial pressure Big. Therefore, in December 2008, Haima Investment based on the audited net assets of the Haima sedan (as of September 30, 2008) as a benchmark, with a cash of 500 million yuan to increase the capital of the Haima sedan and obtain a 38.25% stake in the Haima sedan.
Today, Haima’s shares are repurchased at a price of 522 million yuan. This also means that over the past two years, Haima’s cash investment of 500 million yuan has earned 22,250,000 yuan, which is lower than the bank’s loan interest income for the same period.
Haima shares are related to Haima Investment. Hai Jingma’s investment and the actual control of Haima Motor’s Human Rights Group are also the chairman of Haima.
Or difficult to make new profit points For the transaction, Haima shares said that after several years of investment and construction, the Haima car has built 150,000 car production lines and has been officially put into operation. In the future, with the gradual release of its production and sales capabilities, profitability will be further enhanced and become the company’s new profit growth point. .
However, it is worth noting that the profits of the current Haima sedan are mainly derived from government subsidies. According to the financial data of the Haima car disclosed in the announcement, although the company's 2010 net profit was 27.54 million yuan, its operating profit was -26.9 million yuan.
People in the industry believe that because Haima cars are mainly based on micro-car products and the profitability of micro-car products is generally low, and sales of hip-hop cars are not satisfactory at present, it is not known whether Haima sedan can become a new profit growth point of hip-Hippon. Due to the withdrawal of preferential tax policies for autos going to the countryside, old-for-new cars, and small-displacement vehicles, the auto makers face the problem of decreasing sales and market share. 
