Boosted by the news of listing counseling, as of the close of 10 on October 20th, Evergrande's share price rose by 9.6% to HK$ 23.4, with a total market value of HK$ 206.3 billion, surpassing the parent company China Evergrande by HK$ 203.9 billion.
Recently, Evergrande has been making efforts to lay out the automobile industry. The automobile livelihood network is organized as follows.
Following the official renaming of "Evergrande Health" as "Evergrande Automobile", on September 15, Evergrande Automobile announced that it would raise HK$ 4 billion by placing new shares. The strategic investors introduced included Yunfeng Fund, Tencent, Sequoia Capital, Didi and other well-known investors.
/kloc-In September of 0/7, Evergrande Real Estate announced on the Hong Kong Stock Exchange that it planned to issue RMB shares and list them on the Science and Technology Innovation Board of Shanghai Stock Exchange after the resolution of the board of directors.
On September 25th, Evergrande Automobile issued a supplementary announcement, emphasizing the use of the raised funds, of which 70% will be invested in the R&D of new energy vehicles and the construction of production and marketing networks, and 30% will be used to supplement working capital and general enterprise purposes, so as to improve the company's financial situation.
Evergrande's business is mainly divided into two parts: health management and new energy vehicles. According to the interim report, in the first half of the year, Evergrande achieved revenue of 45 1 10,000 yuan, up 70% year-on-year, of which health management business accounted for more than 98%, and new energy vehicle business revenue was only 53 million yuan, down 8 1.36% compared with the same period last year. It is not difficult to understand the poor performance of new energy vehicle projects. After all, it is mainly in the investment stage at present, and there is still a process to generate income.
It is worth noting that the senior management of Evergrande once said that in the three years from 20 19 to 20021year, the total investment of Evergrande in the automobile industry will be 29.4 billion yuan. After 2022, with the mass production and sales, the automobile group will begin to form a stable cash flow, and the group will no longer invest.
At present, Evergrande Automobile is rapidly preparing to build three centers, namely, Hengchi Automobile Exhibition Experience, Sales and After-sales Service. The first production model of Hengchi Automobile will be put into trial production in the first half of 20021.
This article comes from car home, the author of the car manufacturer, and does not represent car home's position.