Waterma re-increases or introduces capital -Lithium - Ion Battery Equipment

Waterma to increase capital or introduce Baoneng capital -Lithium - Ion Battery Equipment



In recent years, with the support of national policies, the new energy vehicle industry has developed rapidly. This has also spawned a hype of a large number of new energy vehicle concept stocks in the A-share market, especially the upstream power lithium battery sector, and many bull stocks have been born. As the subsidy policy for new energy vehicles ebbs, some listed companies in the industry have begun to reveal their true colors. A typical example is once dubbed the A-share "lithium battery giant". In 2016, it acquired the top three power lithium battery manufacturers in my country. Watma's Gin Rui Woneng.(Lithium - Ion Battery Equipment)

On the evening of July 26th, Jianruiwo Neng issued 5 consecutive announcements, which indicated that the company (Shaanxi Jianrui Woneng) planned to increase the capital of Shaanxi Waterma, a wholly-owned subsidiary of Shenzhen Waterma, by 37398 Due to the loss of 107 million yuan in Shaanxi Waterma in the early stage, the company promises to pay part of the subscribed capital immediately after Shenzhen Waterma makes up for the loss of Shaanxi Waterma in the early stage. In addition, the company is currently planning the company's equity transfer, and plans to introduce companies focusing on new energy as strategic investors.

From this point of view, Jian Ruiwo Neng, which has been among the top three in the power lithium battery industry, is in a slightly embarrassing situation. In the same industry camp, CATL passed the meeting at the speed of light and became the first stock on the ChiNext after listing. Jianruiwo, which was listed 8 years ago, can no longer be "firm", but desperately save itself. Such a strong contrast makes the market sigh.

From third in the country to asset collapse

In September 2016, Jianruiwo Neng acquired Waterma wholly for 5.2 billion yuan, a premium of about 6 times. After the acquisition, Jianruiwineng's main business has shifted from the original fire-fighting equipment and fire-fighting engineering to new energy vehicles and power lithium batteries. Subsequently, Li Yao, chairman of Waterma, became the legal representative of Jianrui Wo Neng, and Guo Hongbao, the former chairman of Jian Rui Wo Neng, was still the actual controller of the company.

And Waterma has also become the biggest cash cow of Jian Rui Wo Neng. In 2016, the revenue of Jian Rui Wo Neng was 3.82 billion yuan, a year-on-year increase of 557.03%; the net profit was 425 million yuan, a year-on-year increase of 1102.98%. In the first half of 2017, the company achieved an operating income of 6.066 billion yuan, a year-on-year increase of 2,618.5%, and a net profit of 558 million yuan, a year-on-year increase of 43,772.27%. For a long period of time, Waterma has ranked among the top three in the power lithium battery industry, only after BYD and CATL.

However, with the exposure of the financial crisis at the beginning of this year, Waterma was almost at a standstill for a time, not only accumulating a large amount of inventory, but also facing many and funding problems. After being blocked by suppliers in March this year, Jian Rui Wo Neng, which was planning a major asset restructuring and suspension of trading on April 2, announced that the company had overdue 1.998 billion yuan and faced human rights claims. As of the end of March, the company's total amounted to 22.138 billion yuan. Under the risk of debt repayment, major asset projects such as the company's acquisition of Australian lithium mines and the introduction of strategic investors are all facing the possibility of termination.

On June 28, only 3 months after it was exposed to the supplier's payment dunning incident, Waterma issued a notice to all employees. moon. It is reported that after the "holiday notice" was issued, the resignation rate of Waterma employees accelerated. On July 4, Jianrui Wo Neng announced that its subsidiary, Waterma, plans to realize the discounted sales of some of its inventories. It is estimated that the realized amount will not exceed 150 million yuan. The sales will have a negative impact of 600 million yuan on the company's current net profit.

Under such circumstances, the overall business and operating results of Jianrui Neng, as the parent company, will naturally be materially and adversely affected. "At present, the probability of (Waterma) resurrection is very small." An insider of Waterma, who did not want to be named, said that Waterma has come to the brink of bankruptcy and may become the first in the new energy vehicle investment tide. A "flash crash" electric tram leading company. Another person familiar with the matter said that Waterma is currently waiting for bankruptcy and reorganization, but because the regulatory bank did not agree, it delayed the bankruptcy reorganization and bankruptcy.

 

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