On the evening of October 30th, 65438/kloc-0, Zotye Automobile Co., Ltd. released the third quarterly report. According to the financial report data, Zotye Automobile's operating income in the third quarter reached 2 1 100 million yuan, down-26.79% year-on-year; The net profit attributable to shareholders of listed companies was 530 million yuan, down-12.52% year-on-year.
In the first three quarters, Zotye Automobile achieved operating income of 98 1 100 million yuan, down 72.68% year-on-year; The net profit attributable to shareholders of listed companies was a loss of 65.438+0.563 billion yuan, a year-on-year decrease of -654.38+0.0567%.
For the annual performance outlook, Zotye Automobile predicts that the company will lose 2.2 billion to 3.3 billion yuan, compared with11/900,000 yuan in the same period of last year, and the amount of loss has decreased.
However, it is worth mentioning that the loss is so serious, and Zotye Automobile's director building also said? "It is impossible to confirm the authenticity, completeness and accuracy of financial data such as sales revenue, total profit and net profit attributable to shareholders of listed companies in the first three quarters of 2020".
In this regard, Zotye also issued an explanatory announcement on the same day. According to the announcement, it is difficult for Tieniu Group Co., Ltd. to honor the company's performance compensation due to the great uncertainty of the company's ability to continue to operate, and the company faces many lawsuits and guarantees. In this case, it is impossible to reasonably estimate the company's performance compensation and the amount of losses caused by contingencies, nor can it be confirmed. 2020? The authenticity, completeness and accuracy of the company's sales revenue, total profit and net profit attributable to shareholders of listed companies in the first three quarters.
In fact, when the semi-annual report for 2020 was released, Lou Guohai also said that the contents of the report were not guaranteed to be true, accurate and complete, and there were no false records, misleading statements or major omissions; However, due to doubtful performance, Zotye Auto received an inquiry letter from Shenzhen Stock Exchange 17.
Nowadays, the sustained losses and the financial report that the data can't be completely fidelity have made Zotye Automobile, once the "national god car", fall into darkness again.
The era of Zotye has passed.
Wage arrears, delisting, loss and decline have become Zotye's current labels.
In fact, only two years ago, Zotye Automobile was also known as the "dark horse" of the automobile industry. It makes cars in a unique "cottage model". Although the controversy continues, its sales performance is extremely outstanding. At one time, it grew by more than 30% for four consecutive years, and once ranked among the top ten independent automobile enterprises in China.
Zotye Auto, which debuted in 2003, belongs to the "post-00" among car companies. When it was built, it had the wind of "willfulness", and the "storm" it aroused also shocked a number of predecessors.
With the emergence of "shanzhai" luxury cars, it became famous in World War I. In the early years, it was ridiculed as the "tape measure department", that is, taking a tape measure to measure the appearance of other brands and then imitating them. Once popular in the domestic market, it has spread all over the country in recent years.
According to the data of Lv Fei Automobile, Zotye Automobile was in full swing in 20 16, with an annual sales volume of over 330,000 vehicles, and entered the head base camp of its own brand. The Audi version of Zotye T600 and the Porsche version of Zotye SR9 have become popular models in the auto market, and the car can only be picked up after a price increase.
In the first half of 20 17, zotye motor "borrowed" Jinma shares to land in a shares, and on June 7, 20 17, the stock abbreviation was changed to zotye motor.
As soon as it went public, Zotye Automobile handed over a very "stunning" report card: in 20 17, it sold 3 10000 vehicles, and its operating income exceeded 20.8 billion yuan, up by 1 129% year-on-year, and its net profit reached1/kloc year-on-year. At the same time, in June of 20 17, the total market value of zotye automobile once climbed to 30.3 billion yuan.
However, this product strategy of "copying homework" did not make Zotye's scenery last long.
Although he is good at appearance imitation, his technical accumulation in automobile manufacturing is still far from enough. Consumers' impression of Zotye has gradually deteriorated, and they even think that it "will do nothing but the car shell".
In 20 18, zotye automobile sales began to show signs of decline, with 234,000 vehicles sold throughout the year. 20116,700 vehicles, which continued to be halved year-on-year.
In addition, due to the wrong prediction of the market, it is difficult to lose money in the end. Zotye Auto achieved a net profit of 800 million yuan in 20 18, down 36.34% year-on-year; The estimated loss in 20 19 years exceeds 6-9 billion yuan.
In the first half of this year, Zotye Automobile only sold about14400 new cars, with a net profit of134 million yuan, a monetary fund of only 700 million yuan, and a net asset attributable to listed companies of only 5.344 billion yuan. In the first half of this year, the net cash flow generated by operating activities was-65,438+07.23 million yuan, and a number of financial indicators have been "red light".
Due to continuous losses, in June this year, Zotye Automobile was given a delisting risk warning after the resumption of trading, and the stock abbreviation was changed from Zotye Automobile to *ST Zotye.
In addition, Zotye Auto even attracted the urging of creditors because loans overdue didn't pay it back.
/kloc-On the evening of September, 0/6, Zotye Automobile announced that Zhejiang Yongkang Rural Commercial Bank Co., Ltd. filed an application for pre-restructuring Zotye Automobile with Yongkang People's Court on the grounds that Zotye Automobile could not pay off its due debts and obviously lacked solvency, but it still had restructuring value.
Zotye Automobile said that whether the application can be accepted and registered by Yongkang court, whether the company enters the pre-restructuring procedure is uncertain, and whether the pre-restructuring is successful is uncertain. If the draft reorganization plan cannot be approved by the court, the court will decide to terminate the reorganization procedure of the company, and the company will face the risk of bankruptcy.
Nowadays, for the future of Zotye Automobile, the industry is generally bearish. Insiders pointed out that Zotye Automobile is currently facing a serious financial crisis. On the one hand, its products cannot be sold due to emission policies, technology research and development and other reasons; On the one hand, dealers were sued for quitting the network, the capital chain crisis, large amounts of money owed to suppliers, and missed the opportunity of transformation. Zotye Motor will hardly improve in 2020.
However, Zotye seems to have to make a final struggle.
According to official information, in the next stage, Zotye Automobile will still focus on solving the liquidity crisis, actively seek partners and seek financial support with the help of local governments at all levels, with the goal of quickly restoring normal business order. TS5, B2 1 brand-new models are put into production and listed as a breakthrough, which will drive the sales of other models, increase market attention and reshape the brand image.
"Zotye spent three years designing the new TS5 car and five years developing and manufacturing it. The safety configuration is rich, the chassis comes from the new ZFA platform, 100% original. "
In fact, Zotye's biggest problem now is not design, but brand image and technical reserve. Today's auto market suddenly entered the reshuffle stage, and Zotye, who has no money and no technology, has long lost the card to turn over. The wish of "whether you can drive Lamborghini depends on Zotye" circulated in the workshop should have been given up long ago.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.