Dong Mingzhu investment in Zhuhai Silicone New Energy AG recently been exposed to suppliers owed money.However, Gree Electric Vice President, Secretary of the Board hope Jingdong today said to First Financial said there was no delay in the purchase of Gree Electric Appliances, the incident also Will not affect the cooperation between Silver Long and Gree, because this is due to product quality acceptance failed disputes.
Yesterday it was reported that Zhuhai Silversay owed suppliers more than 1 billion purchase price of goods, some of which suppliers have resorted to litigation to recover the arrears. The Yinlong side said that focusing on the company headquarters to ask for arrears of suppliers in particular , There is infringement and the quality of supply, Silver Dragon is taking legal proceedings to solve the problem.
In addition, today there is news that Gree is fully stationed in Silversmith, Silverstone founder Wei Yincang has resigned as chairman of the board, Yinlong core business in charge of more than the former vice president of Gree staff background .In this regard, the Department of Gree Electric Market Minister Chen Zili To the first financial clarification said, 'Gree Greentown in the past few people, full of argument is too exaggerated', Silver Long president Sun Guohua is now also served as chairman, and Wei Yincang is still the largest shareholder of Silver Dragon.
Yinlong top management team has undergone major adjustments since July 2017. Wei Yincang resigned as the chairman of the board and a number of Greenery employees took charge of the vice president of Yinlong's core business. They were responsible for procurement, finance, quality and production technology, etc. A supplier of silver defaulted money will point to the new management team, said they copied the practice of air-conditioning industry, chaos open ticket.
Gree had planned to acquire Yinlong in 2016 to develop the business of new energy and new energy vehicles and was subsequently terminated by opposition from minority shareholders. Gree changed its strategic cooperation agreement with Yinlong to provide smart gear to Yinlong, Silver Long Gree to provide new energy batteries, the two sides of the annual turnover of not more than 20 billion yuan.
As Greentown Chairman and CEO Dong Mingzhu personally invested one billion yuan stake in Silong to become Silver Long's second largest shareholder, the Gree and Silver Dragon's cooperation constitutes a related party transactions in the first half of 2017, Gree's smart device business revenue More than 900 million yuan, a substantial increase of more than 27 times over the previous year, most of which comes from related transactions with Silver Dragon.
Dong Mingzhu, who has always been optimistic about the new energy and new energy automotive industry, personally gave Silverron the platform on many occasions last year. "Gree also said in its 2016 annual report that" firmly grasp the opportunities brought by the cooperation with Silver Dragon Challenge to create new profit growth point in the fields of molds, motors, air-conditioners, smart equipment, etc. However, the development of Silver Dragon is not as smooth as expected.
Silver Long a supplier on the evening of January 16 revealed to the First Financial, silver Long owed them nearly 300 million, but reminders also still.
A new energy automotive industry researcher on the first financial analysis, said that last year, each silo Yinlong expansion faster, there are also arrears of payment, the general method of issuing silver, silver ballons due are generally due on schedule, or both parties will Litigation
'Silver Long main energy bus is still doing new energy passenger car industry last year, the decline in sales because' the bus is on the public, bad debts to the public, not so timely payment ', coupled with the decline in government subsidies, so the whole The industry is expecting a drop in the number of new energy buses, which will not be further improved by 2018. This will be even more serious, "said the researchers.
The researcher also said that Dong Mingzhu is, after all, a household appliance aimed at consumers and the government's expectations are higher than reality. Dong Mingzhu wanted to make a passenger car in the future, but passenger cars, special purpose vehicles, and passenger cars were designed for different Customer groups, in many ways can not be used to do business with consumers.In addition, Silver Dragon lithium titanate battery made, not suitable for passenger car needs.
Public information shows that since the large-scale investment in Dongming Pearl Silver Dragon over the past year, the rapid expansion of the scale of silver dragon, the newly announced project total investment as high as 70 billion yuan.
December 2016, Yinlong Chengdu New Energy Industrial Park project started with a total investment of 10 billion yuan; January 2017, Lanzhou Yinlong New Energy Industrial Park project signed, the first two plans to invest 2.5 billion yuan; February 2017, Yinlong signed a cooperation framework agreement with Tianjin Municipal Government to build a new energy battery and automobile industry base with an investment of 7 billion yuan in the first phase. In May 2017, the project started with a base of Nanjing New Energy Nanjing Base, with a planned investment of 10 billion yuan; July 2017 , Silver Long signed an agreement with Panzhihua, the layout of new energy sources, new materials base, the project investment of not less than 50 billion yuan, the same month, Silver Lung acquisition of Nanjing bus factory framework agreement signed; August 2017, Silver Long announced the construction of Zhuhai New Energy Industrial Park and the headquarters of the whole country with a total investment of 19.5 billion yuan. In the same month, Silon signed a cooperation agreement with Luoyang and Yinlong will have a total investment of 15 billion yuan in Luoyang New Energy Industrial Park.