Recently, Hanma Technology released a performance forecast, and it is expected that the company's net assets attributable to shareholders of listed companies at the end of 2023 will be -92,7700000000 to -72,770000,000 yuan. At the same time, Hanma Technology announced the resolution of the board of directors that it intends to take the initiative to apply to the court for judicial reorganization of the company to resolve the risk of delisting of listed companies.
Some analysts pointed out that the main reason for the serious losses of Hanma Technology in recent years lies in the liquidation of historical non-performing assets and the need to write off the losses of the original assets for the conversion of new energy. The short-term performance pains brought about by transformation are the only way to achieve long-term transformation.
It is reported that Hanma Technology, formerly known as "Valin Xingma", landed in the capital market in 2003, and its main business involves the research and development, production and sales of heavy trucks, special vehicles and auto parts. Xingma special vehicle is a key backbone enterprise in China's engineering special automobile industry, its bulk cement truck and concrete mixer truck are well-known brands of special vehicles in the market, and Valin Automobile, a wholly-owned subsidiary of Hanma Technology, is a national designated truck manufacturer.
In 2020, due to business operation reasons such as poor financial condition, "Valin Xingma" introduced strategic partners with high industrial relevance and strong comprehensive strength through public solicitation and transfer, and decided to transfer the control of the listed company. In that year, Geely's commercial vehicle sector company, Geely Commercial Vehicle Group, won 43.5 billion yuan to be transferred1524% equity, became the controlling shareholder of the company, and the listed company was renamed "Hanma Technology". In 2021, Geely Commercial Vehicle Group invested 58.9 billion yuan participated in the private placement of Hanma Technology, and the shareholding ratio increased to 2801% to further strengthen the controlling stake.
In June 2022, Hanma Technology fully deployed the transformation of new energy strategy, announcing that the company will focus on new energy and clean energy vehicle businesses such as pure electric, methanol power, hybrid, and hydrogen fuel cells. Geely Commercial Vehicle Group has become the controlling shareholder of Hanma Technology, which has also accelerated the progress of Hanma Technology on the track of new energy, and with the full empowerment of Geely Commercial Vehicle Group, Hanma Technology has achieved all-round improvement in management, system, R&D, manufacturing, procurement, and marketing. According to the 2023 production and sales data announced by the listed company, Hanma Technology's medium and heavy-duty truck production in December 2023 reached 1,009 units, a year-on-year increase of 18746%, with a cumulative annual production of 7,977 units, up 5583%。
On January 27, 2024, Hanma Technology announced the "Announcement on Proposed Application to the Court for Reorganization and Pre-Reorganization", which intends to apply to the court for the reorganization of the company by the debtor's own application, and apply for the pre-reorganization procedure to be initiated first. Judging from the self-application method adopted by listed companies, the company and major shareholders still want to take the initiative, and the final result should be subject to the later announcement.
It can be seen from the performance forecast that compared with the same period last year, the loss of Hanma Technology has narrowed significantly, and it is radiating huge new momentum with the superposition of the period of disposal of non-performing assets and the painful period of transformation and upgrading.
Hanma Technology applied for reorganization on its own this time, or through this move, it will completely realize the light equipment and fully transform into new energy.
*: Qianlong.com.
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