Zhuhai Silver Dragon, which is well-known and trusted by Dong Mingzhu, was once again pushed to the cusp.
On January 17, 2018, Zhuhai Silon New Energy Co., Ltd. (hereinafter referred to as' Silong ') issued a lawyer's statement on the' Arrearage Gate 'and claimed that it had agreed with Zhuhai Think Electric Vehicle Equipment Co., Ltd. (hereinafter referred to as' The dispute arises from the serious quality problems of the other party's products and the lack of after-sales service. At present, the dispute is going through judicial procedures and there is no problem of malicious default in payment.
January 16, the media said Silver Long owed a number of suppliers in arrears, and the total amount owed more than 1 billion yuan, leading one of the supplier of silver Long Siqi mobilized staff at the headquarters in Silong pull debt to Silver Long Debt collection.
This new energy uprising emerging rapidly because of Dong Mingzhu's blessing will deal with this crisis?
Silver Long said no malicious debt
'Regarding the case of Siqi, our statement has made it very clear that we did not pay for the goods because of the quality of the other's products, etc. This matter is currently under judicial procedure and has to wait until the second instance has the result Only then can we execute it. "Bin Zhang, General Manager of Marketing Department, said in an interview with China Economic Weekly.
Data show that Siqi was established in early 2014, is a high-tech enterprises to develop and manufacture and sale of liquid-cooled electric vehicle charging equipment, energy storage equipment, providing a complete set of charging station solutions in the company's official website, it is still marked as silver Long Group and Gree important partner.
It is reported that Si Qi and Silver Long's Shijiazhuang Zhongbo, Zhuhai Guangtong, Silver Long Electric and other companies signed more than 20 supply contracts, delivery time from June 2015 to April 2017, the total contract amount of about 130 million yuan, has received about 54 million yuan payment, unpaid payment of about 76 million yuan.
Shu Qi, deputy general manager of Si Qi said that from the beginning of 2017 to June, Silver Dragon hopes to be able to extend the payment deadline on the grounds of tight funds.Some times after the request was no result, in September 2017, Si Qi chose Yinlong to report Court, the litigation involved in the order is Siqi Yin Zhuhai supply to Zhuhai Silos 11 sets of storage vehicles, the total contract amount of about 30 million yuan.Si Qi, deputy general manager of the request of Silver Long to pay the remaining 1775.2 million yuan loan payments and default Gold, and asked Silver Long new energy company to assume joint and several liability.
December 15, 2017, the case of first instance verdict requires Silverstone in the judgment effective date 7 days to pay the plaintiff Siqi 17,752,000 yuan and liquidated damages, Zhuhai Silong bear supplementary liability.
In addition, some media reports said that the suppliers who owed the loans are not only thinking about one, including Siqi, including silver overdue payment of at least 1.2 billion yuan.
'For the Internet that silver arrears, we strongly deny that we are on time for all suppliers to pay.Prior to refusing to pay, mainly due to the other side of the product there is a serious quality problems and lack of after-sales service.' Manager Zhang Bin repeatedly stressed.
China Economic Weekly learned that Yinlong does have high requirements for the quality of its products. In particular, after its cooperation with Gree, the supplier quality conditions have been strengthened. For some time, some small suppliers did not meet the requirements .
Silver Dragon flash Gree shadow?
Obviously, for the current loan owed to Ramshengmen, both Silversmith and Sizi are both male and female, and their husbands and grandmas are reasonable. However, there is a very interesting reason for sustainable fermentation.
In mid-January, the statement that 'Yinlong founder Wei Yincang has resigned as the chairman of the board of directors and Yinlong's vice president of core business was taken over by former Greenery staff and Gree is fully involved in Yinlong attracted the attention of the industry.
According to the Zhuhai City Commercial Publicity System, the legal representative of Yinlong New Energy Co., Ltd. has now become Sun Guohua, who is also the director and general manager of the company and the head of several Yinlong related businesses. Wei Yincang has now resigned as chairman of the board, but its 100% -owned Zhuhai Silo Investment Holdings Group is still the largest shareholder of Silversel New Energy AG.
In addition, some media reports said that at present, four of Silverron's seven vice presidents have a background in grasping the core businesses of purchasing, finance, quality and production technology respectively.
'At present, the dispute between Yinlong and its suppliers has nothing to do with the changes in the management team of the company.' "Yinlong, head of the company, told China Economic Weekly reporter.
In this regard, Gree insiders also think that the external association is too far-fetched, the so-called executives from Gree to Silver Long, in fact, is switched to Silver Dragon, and Gree is not directly related.
However, the outside world still believes that Dong Mingzhu and Gree on the impact of Yinlong can not be ignored.
In December 2016, Dong Mingzhu and Wang Jianlin, Chairman of Wanda Group, invested 3 billion yuan to acquire 22.388% of the shares of Silver Dragon.
Since then, Dong Mingzhu has continued to participate in the financing of Yinlong, a continuous increase in holdings .In May 2017, Dong Mingzhu's holdings in Yinlong has increased to 17.46%, becoming the second largest shareholder, second only to Wei Yinang positions in Guangdong Yintong Investment Holding Group Co., Ltd. (holding 25.98%).
Yinlong IPO declaration will be affected?
What impact Dongmingzhu and Gree can have on Silversmith has a lot of room for imagination on the market level, and the biggest impact of Silverstone at present is that the company is already a company that has entered the IPO counseling period.
Information of Guangdong Securities Regulatory Bureau shows that on May 17, 2017, Yinlong completed the acceptance of listing counseling and filing registration, and the sponsor was identified as China Merchants Securities.
Whether the current debt disputes will add uncertainty to the progress of its listing?
An investment bank analyst told China Economic Weekly reporter that in the past year, Silverstone performed well in the industry and its scale expanded rapidly. The newly announced investment in the project was as high as 70 billion yuan and it has become the installed capacity of lithium titanate batteries in China The boss. 'From the current development path, Yinlong is toward the IPO forward.Yinlong's current valuation of 130 billion yuan, if the smooth listing, the market value should be 300 billion yuan up and down only the IPO can be resolved Its funding gap to meet its expansion needs.Guidance period is usually 3 to 6 months, the date of the application materials will be in the first half of this year will determine the current debt disputes, will have an impact on this rhythm, it is difficult to judge '
From January to August 2017, the ranking of domestic sales of new energy passenger vehicles showed that the top five were Yutong Bus, Zhongtong Bus, BYD, Zhongsha Times and Zhuhai Silverlong respectively, with sales volume of 6244, 5577, 5100 and 3266 respectively , 1634. In terms of strength, Yutong, Zhongtong is a veteran bus company, BYD is the largest and the world's fourth largest battery supplier, Silver Long competitors face strong.
And several other new energy automotive companies is different, Zhuhai Silver Dragon main lithium titanate battery technology, the advantages and disadvantages of the battery obvious, fast charge performance, long cycle life, low temperature performance, but the energy density is lower than lithium iron phosphate , Ternary batteries and other mainstream battery technology, it is considered in the bus scene more appropriate technology route.
Silver Long is the gold in the sand, the sand aside, you can let it shine. "Dong Mingzhu once commented Silver Dragon. This time Silver Dragon will be how to survive the crisis, refining into gold?