The hottest merger and reorganization cases broke

Merger and reorganization cases erupt intensively, and the capital wants to "kidnap" the new energy vehicle industry

since 2017, mergers and acquisitions in the new energy automobile industry (industrial chain) have occurred frequently. According to rough statistics, there have been no less than 10 such cases in only half a year. This is a new round of mergers and acquisitions after five enterprises and individuals including Wanda Group and Dong Mingzhu took shares in Zhuhai Yinlong, Shanlin finance acquired Anyuan bus, ZTE acquired Guangtong bus and other events in 2016. So, behind many phenomena, is it the game of capital or the logic of strengthening and expanding the new energy vehicle industry? Is it another performance of the tragic drama of "capital kidnapping industry", or is there another mystery behind the scenes

new energy vehicles analyze this for industry evaluation

high incidence of mergers and acquisitions. After you sing, I will appear.

the two recent cases come from Zhongtong bus and helitai. On the evening of July 27, 2017, Zhongtong bus announced that the board of directors agreed to invest 50million yuan to establish Tongyang fuel cell technology (Shanyin "clamping" key east) Co., Ltd. with Dayang electric (002249) and Liaocheng Development Zone Management Committee to carry out projects such as "production and research and development of hydrogen fuel cell system and hydrogen fuel powertrain system" and "new energy vehicle operation platform". Dayang electric invested 440million yuan. In addition, the company invested 800million yuan to establish a wholly-owned subsidiary Zhongtong Bus Sales Co., Ltd. It is used for automobile sales, sales, installation and maintenance of electric vehicle charging equipment, etc

on the evening of July 26, 2017, helitai announced that Jiangxi helitai, a wholly-owned subsidiary of the company, plans to acquire 23.127% of the equity of Zhuhai Guangyu company with its own capital of 290.43 million yuan. This acquisition is the starting point for the company's strategic layout of the lithium battery field of intelligent terminals and the power battery field of new energy vehicles, and provides a new profit growth point for the company's long-term development

according to the observation of new energy vehicles, since February 2017, mergers and acquisitions in the new energy vehicle industry (industrial chain) have entered a high incidence period

on February 22, 2017, Shuguang Huanghai transferred 100% of the equity of Dalian Huanghai Automobile Co., Ltd. to Dalian xinminya Intelligent Technology Co., Ltd., with a total transaction price of 1.18 billion yuan. In the first December of 2015, Shuguang Co., Ltd. has transferred 100% equity of Changzhou Huanghai Automobile Co., Ltd. jointly held by the company and its subsidiary Dandong huanghaiyuan to Changzhou Changxin Industrial Investment Co., Ltd., with a total transaction price of 430million yuan. Dalian xinminya was founded on February 10, 2017. The shareholder behind it is Weima automobile, which holds 100% equity of xinminya. According to the agreement, xinminya needs to pay 1.18 billion yuan within 12 months after the agreement takes effect. The audit report shows that the total audited assets of Dalian Huanghai are 1079.5141 million yuan, the total liabilities are 464.237 million yuan, and the net assets are 615.2771 million yuan

on April 20, 2017, weihongdong China will actively study and support the male airport island sea crossing bridge project proposed by the Malaysian side to obtain a total capital injection of 2.76 billion yuan led by CITIC Securities. Investors participating in this round of investment, including firefighters' jackets, can become lighter, safer and cheaper CDH, SDIC ventures and other famous fund management companies

GuoXuan high tech invested 10million to set up a fund company to invest in the b-round financing of BAIC new energy. Hefei GuoXuan contributed 9.9 million yuan and Anhui GuoXuan contributed 100000 yuan; Hongzhuo new energy automobile industry investment center (limited partnership) in Ningbo Meishan bonded port area contributed 39.9 million yuan, and Hongzhuo capital contributed 100000 yuan

Kangsheng shares announced on June 15 that the company plans to purchase 95.42% equity of Yantai shuchi and 100% equity of Zhongzhi Yike from 46 natural persons including Zhongzhi new energy and Yu Zhongguo through non-public offering. It is preliminarily determined that the total transaction amount of the underlying assets is 1482.39 million yuan, and the issue price is 8.59 yuan/share. At the same time, the company plans to raise matching funds of no more than 1255.09 million yuan for Yantai shuchi new energy bus technology transformation project, Zhongzhi Yike new energy bus technology transformation project, etc

Zhiyun Co., Ltd. (300097) announced that it plans to cooperate with Tianchen new energy (Shenzhen) Co., Ltd. and southern black sesame Group Co., Ltd. to establish Tianchen Southern Power Supply System Co., Ltd. (tentative name, and ultimately subject to industrial and commercial registration). According to the announcement, Tianchen southern power is mainly engaged in the R & D, production, operation and services of new energy power batteries, battery packs and battery pack management systems. The proposed registered capital is 1billion yuan, of which Zhiyun shares subscribed 100million yuan, with a shareholding ratio of 10%; Tianchen new energy subscribed 600million yuan, with a shareholding ratio of 60%; Southern black sesame subscribed 300million yuan, with a shareholding ratio of 30%

on June 18, CITIC Heavy Industry announced that the transaction object of the company's issuance of shares to purchase assets is to acquire the equity of Tianjin Songzheng Electric Vehicle Technology Co., Ltd., and after the completion of such acquisition, the company will become the controlling shareholder of Tianjin Songzheng

xiongtao announced at noon on June 21 that the company agreed to jointly increase the capital of Qinhuangdao costar New Energy Vehicle Manufacturing Co., Ltd. with Beijing Guangyu Technology Co., Ltd. and Harbin Guangyu power supply Co., Ltd., with a total capital increase of 480million yuan. Among them, Beijing Guangyu increased its capital by 134.8 million yuan, accounting for 29% of the equity of the target company after the capital increase; Harbin Guangyu power increased its capital by 180.2 million yuan, accounting for 38% of the equity of the target company after the capital increase, and xiongtao contributed 165 million yuan, accounting for 33% of the equity of the target company after the capital increase. After the capital increase is completed, the registered capital of the target company will change from 20million yuan to 500million yuan

Dongxu optoelectronics announced that the company plans to purchase 100% equity of Shenlong bus held by Shanghai huimao by issuing shares and paying cash, and 100% equity of Xuhong optoelectronics jointly held by Dongxu group, Kefa group and Sichuan Changhong by issuing shares

in the evening of June 15, 2017, Dongxu optoelectronics announced that the company signed the "Beijing yihuatong Technology Co., Ltd. share subscription contract" with Beijing yihuatong Technology Co., Ltd., and the company plans to subscribe 1282052 new shares of yihuatong non-public directional issuance at the price of 78 yuan/share, accounting for 5.51% of the total share capital after the issuance, with a total capital contribution of 100000056 yuan

Keda Jieneng announced on June 28 that the company recently signed an equity transfer agreement with Foshan Lighting, the shareholder of Qinghai fozhao lithium energy development Co., Ltd., and the company will transfer 38% of the equity of Qinghai fozhao lithium held by Foshan Lighting at the price of 189.8176 million yuan. After the completion of this equity transfer, the company will hold 100% equity of Qinghai fozhao lithium

after Hengtian Group became the controlling shareholder of Valin Xingma, on June 30, Valin Xingma announced that it planned to acquire 100% equity of Hubei xinchufeng, a wholly-owned subsidiary of Hengtian Group. Hubei xinchufeng itself can produce new energy buses and trucks, and has focused on promoting new energy vehicle projects since 2016, and has strategic cooperation with watmar innovation alliance, Zhuhai Yinlong, etc

the truth behind the peak formation varies from side to side.

after analysis, it is believed that the merger and reorganization tide of the new energy vehicle industry (including industrial chain enterprises such as power batteries) has erupted intensively in recent years, which may contain some inevitability, among which four factors have played a role in fuelling the flames

first, although subsidies have declined significantly, new energy vehicles are still an emerging industry supported by the state, and huge business opportunities favor capital. Especially for all kinds of traditional enterprises that encounter profit ceilings, new energy vehicles undoubtedly become the best path for them to seek new economic growth points; Second, the competition in the field of new energy passenger cars in China is fierce, and some weak and small-scale production enterprises are unsustainable. They need to inject new funds. They will take the initiative to look for joint venture and reorganization opportunities, which also adds fuel to the recent merger and reorganization fever; Third, the "decline" of new energy vehicle subsidies has accelerated the pace of the merger and reorganization of new energy commercial vehicles. Expanding the scale, extending the industrial chain, reducing costs, improving quality and efficiency are valued by leading enterprises such as BYD, Zhongtong bus and Yinlong new energy; Fourth, for capital players, this is the "last chance", "after this village, there will be no such store". Before the subsidy is completely abolished, seize the opportunity to make another profit

although the observation of market opportunities for new SLA materials from a macro perspective is conducive to a panoramic scan of the new trends and new patterns of the new energy vehicle industry, microscopic exploration can more truly understand the vitality of industrial cells, which is the foundation and hope of industrial transformation and upgrading

in the field of new energy passenger cars, following BYD's self built industrial chain and Yutong's self built parts standard model, Zhongtong passenger cars, Dayang electric and Liaocheng Development Zone Management Committee jointly established Tongyang fuel cell technology (Shandong) Co., Ltd. to carry out projects such as "production and research and development of hydrogen fuel cell system and hydrogen fuel powertrain system" and "new energy vehicle operation platform", It can be said that after mastering the "electronic control technology", Zhongtong bus has made another breakthrough to the "three electricity" core technology, and the core competitive advantage of Zhongtong bus has been greatly improved

Li Zhaoting, chairman of Dongxu optoelectronics, told the media that Chinese national enterprises should be committed to achieving "overtaking in corners" through the development of new energy vehicles, especially new energy passenger cars and special vehicle industries, and catching up from behind, so as to occupy a leading position in the global automotive industry. He also stressed that the future development strategy of Dongxu optoelectronics must be closely linked with the national strategy. There is no doubt that Dongxu optoelectronics' goal is new energy commercial vehicles

Kangsheng has successively acquired or controlled a number of new energy parts enterprises in the past few years. After the acquisition of the whole bus manufacturing enterprise, its new energy bus industry chain is finally complete

the integration of Valin Xingma and Hubei xinchufeng shows that Hengtian Group also hopes to show its skills in the field of new energy commercial vehicles. Perhaps as a large group such as Hengtian Group is unwilling to "put eggs in the same basket", the enterprise will carry out diversified development when it develops to a certain scale, and set foot in multiple industries. Cross border investment in new energy vehicles is a better strategic choice

chendacheng, chairman of Shenlong bus, said, "in 2016, we had a turnover of 2.1 billion yuan, but from the feedback of actual orders, the number of orders we can receive is far greater than the actual number of orders we can receive. Limited by the financial capacity, we have to give up some orders. If we have sufficient funds, our performance last year can reach more than 3 billion yuan." Mergers and acquisitions just inject new energy and vitality into enterprises that lack funds

some experts said that the new round of mergers and acquisitions will concentrate resources on the medium and high chain of enterprises and industries with strong demand, and the industrial structure can be adjusted