TU-TESL

• 22

Since July last year, China's automobile production and sales volume have been down for 15 consecutive months year on year. So, how much influence does the lack of consumption power have on automobile enterprises? Recently, the reporter visited the car headquartered in Chongqing and conducted an investigation. Reporter Pei Lei: when I came to the production base of Lifan automobile in Liangjiang New Area of Chongqing, I found that the security room had been emptied and the gate was locked. It is understood that as early as December last year, Lifan shares transferred the 100% equity of Lifan automobile for 650 million yuan. This production base was purchased by Chongqing Liangjiang New Area Land Reserve and renovation center in December last year, with a purchase price of about 3.315 billion yuan. Lifan Co., Ltd. has two automobile production bases in Chongqing. When the reporter went to Beibei No.3 passenger car factory for investigation, he found that around 4:00 p.m., many workers had left the factory after work. Many workers said that the No. In addition to manufacturers, the car sales system has also been affected. Reporters in Jiulongpo District, Chongqing City, Shixin road 170 saw that there was a Lifan car 4S shop, but the reporter did not find. Lifan Auto's official website shows that there are three dealers in Chongqing. When reporters call their service numbers, they have all been cancelled. The reporter inquired the mobile phone map and found that Lifan auto sales outlets in Hangzhou, Shanghai and other cities have been basically closed. Many dealers of Lifan automobile said that they were often in arrears with their funds, but they were far away from picking up the car. Lifan auto dealer in Sichuan: now there is no way. The stock cars can't be sold. They are all sold at 40% or 50%. After sales service, Lifan can't guarantee it, and San Bao claims can't guarantee it. Lifan auto dealer in Chongqing: we haven't sold Lifan in the first half of this year, and still owe us six to seven million yuan. Of course, we went to find Lifan. Lifan said there was no money. In fact, Lifan's market performance has also dragged down the performance of Lifan, the parent company. According to the announcement, Lifan's net loss in the first three quarters of this year has reached 2.633 billion yuan, compared with 134 million yuan in the same period last year. So is there any chance for Lifan, which started with motorcycles, to turn around? Reporter Pei Lei: behind me is Lifan's headquarters. According to its mid-term report in the first half of the year, its total debt is up to 31.2 billion yuan. In addition, there are 25 banks that have provided credit for it, and the total credit line is up to 12.5 billion yuan, and only 450 million yuan is left unused. Due to the weak development of automobile business, Lifan has tried to improve its profitability by means of investment, but the effect is not ideal. Lifan Tangyue real estate project invested by Lifan Co., Ltd. in Chongqing started in April 2017. During the field visit, the reporter found that in addition to a high-rise apartment and a small number of villas put into use, the rest of the real estate has been completely shut down. At Lifan's headquarters, reporters tried to contact the management, but the staff told reporters that all executives of Lifan could not be interviewed in other places. The reporter later learned that, although the situation was difficult, Lifan shares did not enter the bankruptcy and reorganization process, and Chongqing municipal government also established Lifan debt Committee in cooperation with various banks to help Lifan shares relieve the financial pressure. In Lifan motorcycle workshop, the reporter saw that the production of its motorcycle is relatively normal. Twenty seven years ago, Lifan shares developed rapidly because of its involvement in the motorcycle industry. Lifan staff also revealed that the company will focus on returning to the motorcycle business. Industry insiders said that affected by the downturn in the auto industry, auto companies are also facing a shuffle, the survival of the fittest is imperative. Feng Wei, auto industry analyst of CICC Securities: the integration may start from the low-end independent brands, and the first-line independent vehicle enterprises may also account for half of this.