Dong Mingzhu invested heavily to persevere in the recent exposure of Yinlong New Energy Co., Ltd. in an endless stream.
This company, which was once purchased by Gree Electric (45.180, -0.89, -1.93%) for a total investment of RMB 13 billion, has newly invested Luoyang and Chengdu bases that are still in an unfinished state. The maintenance of production and business activities is mainly concentrated in Zhuhai. Headquarters and Hebei Wuan Park.
After the shutdown of the Wu'an Campus in Hebei Province, a reporter of the Securities Times e Company was informed in the investigation of the Yinlong Zhuhai headquarters that the production of new energy vehicles under Yinlong continued. However, after the slogan of “Daiqinhongwu, full-staff sales” was announced, , Yinlong proud of the battery business has basically stagnated over a period of more than a month, a considerable number of employees work hours to clean up.
Car business started normally
The Sanzao Town of Zhuhai, located at the border of the Pearl River to the sea, has been a far behind island. In recent years, the development of land has accelerated, and the trunk roads of the main roads have continued to linger.
In recent years, the Jinwan District Government has defined the new energy industry as a core industry. Here, there are nearly 20 auto and accessories companies such as ZTE New Energy, Mitsui, and Liepa, but located in Jinhu, 15 kilometers from Jinwan Airport. Yinlong on the road is the protagonist here.
In 2008, Wei Yincang and Yinlong built a new energy industrial park in Zhuhai, which became the first step for Zhuhai to enter the new energy automotive industry. Last July, Yinlong announced that it will add a total investment of about 20 billion yuan to build Yinlong. New Energy Industrial Park and National Headquarters, planning about 2400-5000 acres of land, creating 100 billion enterprises.
On the afternoon of May 25, Jinwan District was hot and hot. A Securities Times e-company reporter visited the headquarter of Yinlong Zhuhai. The Yinlong Industrial Park on Jinhu Road was Yinlong's first land acquisition of 330 acres in Jinwan District. , Square, length, width of about 460 meters. Construction of an administrative building, Guangtong new energy vehicle R & D, manufacturing, testing plant, Yinlong battery production plant, warehouses, staff quarters and so on.
Walking along the industrial park, many private employees of Yinlong staff were parked on the roadside of the park. Forklift trucks were loading and unloading goods in the plant area. Many staff members were walking around. It was obvious that the work was started here. Observed in the park, internal parking A large number of Guangtong new energy vehicles, mainly electric buses and electric buses, are mainly models promoted by Yinlong.
At the entrance of the factory, from time to time there are vehicles driving road tests, many of which are affixed with the words Zhuhai Bus. Obviously, this is a vehicle prepared for the Zhuhai Bus Group. Public information shows that the various bus groups are major customers of Yinlong. The model is mainly leased. In 2013, Zhuhai Bus ordered 500 Yinlong pure electric buses. Since then, Shijiazhuang bus ordered 900 large-scale Yinlong pure electric buses.
The master of the 'Mo' near the factory said that it has been producing here and there is very little time for holidays.
Battery business orders drop sharply
Zhulong Yinlong’s automobile production is all normal. Is it possible that Yinlong’s production in the Wu’an District of Hebei Province was suspended in a local area?
After seeking unsuccessful interviews with the company, the Securities Times e reporter met with a male employee in the “Yinlong New Energy” tooling, Hu Shun (a pseudonym), outside the factory area. He just walked out of the Yinlong Campus and took a paper document. After getting in the conversation, he learned that he had just gone through the formalities for resignation, and that his resignation report was in his hands. More than a year earlier, he was on the Yinlong battery production line.
Why did he leave during the “Great Red May”? Hu Shun said that the reason for leaving was that there was a problem with Yinlong’s battery business, and the income in the last two months was almost halved.
'Guangdong Automobile's production continues, but the silver battery business has a problem. The battery business has started very little over the past month or so. From Monday to Friday, employees of the production line have been cleaning up most of the time, and the warehouse has piled up a lot of batteries. Hu Shun said that the lack of start-up directly led to a decline in workers' income. Because income is piece-rate, the average monthly salary started last year was about 4,000 yuan, and the income in the last two months was only 2,000 yuan.
Subsequently, the Securities Times e reporter interviewed Hu Shunyi, a co-worker. He also confirmed to reporters the issue of battery business in the Yinlong Zhuhai Campus. He said: 'Hebei Yinlong's battery business was suspended after the year, 3 During the month, more than 400 workers were transferred from Hebei Yinlong to the headquarters of Zhuhai. In March, the number of battery production workers in Yinlong, Zhuhai reached 700. However, the number of employees in the battery production line in Zhuhai is very short. The employees have continued to walk a lot. Some of the employees who came from Hebei People, many have gone back. About a dozen people left in May. There are now more than 300 people left.'
According to Yinlong official website, there are currently 9 industrial parks in Yinlong, including Zhuhai, Chongqing, Shijiazhuang, Chengdu, Lanzhou, Tianjin, Nanjing, and Luoyang Industrial Park, as well as American ATi Nanotechnology Co., Ltd.
Yinlong has a production line of 4000 cylindrical lithium titanate power batteries for Nissan in the Jinwan Industrial Park in Zhuhai, a production line of 400 lithium titanate power batteries for soft packaging in Nissan, and 5, daily production of 2,500 batteries and 1 in the industrial park in Wu'an, Hebei. Nissan produces 2,300 cylindrical lithium titanate battery production lines. In addition to these two locations, Yinlong does not have a base to produce lithium titanate batteries. After two consecutive explosions, it is reasonable to speculate that Yinlong lithium titanate batteries are basically in a state of stagnation. .
The Securities Times e reporter repeatedly called the senior executive of Yinlong New Energy and wanted to know about the production of Yinlong new energy vehicles and battery business. However, the main responsible person refused the reporter's interview request. He said: 'Now accept any interviews. To approve the above, sorry. 'I immediately hang up.
Suddenly into the winter
In 2016, when Gree Electric intended to acquire Yinlong, it showed investors a very optimistic development situation. At that time, Yinlong promised that the actual net profits in 2016, 2017 and 2018 were no less than 720 million yuan respectively. 10 100 million yuan and 1.4 billion yuan.
The reality is not optimistic. In 2017, Yinlong Electric Bus had orders for more than 6,000 vehicles, and actually sold 3355 pure electric buses. In 2016, the sales data was 6,200. Unaudited annual report shows that Yinlong’s 2017 revenue is 7.852 billion yuan, net profit was 268 million yuan, net profit dropped by 67.94% year-on-year.
In the first quarter of this year, the Yinlong orders are still shrinking. The data shows that from January to March in 2018, the national new energy (6.110, -0.18, -2.86%) passenger car sales increased by 328% year-on-year, and the sales and sales volume of the passenger car industry was presented. Double growth trend.
In the first three months of this year, the number of new passengers and bus sales of Chinese bus companies, Yinlong ranked seventh, sales of 499 vehicles and 475 vehicles respectively. In March, sales of new energy buses were only 68 vehicles, bus sales of 45. Zhuhai Yinlong sales have encountered winter.
This is quite different from Gree's prediction of Yinlong before. Why is this happening? What are the problems with the competitiveness of Yinlong New Energy Vehicle? Apart from the market's dispute over the Yinlong Automotive Lithium Titanate technology line , The adjustment of new energy vehicle subsidy policy may affect more directly.
Before 2016, new energy buses can often receive huge subsidies. After the passenger car industry was once the hardest-hit area for “defrauding”, the government reorganized and adjusted subsidies for the new energy auto industry. Subsidies for passenger cars were further refined. Previously, the subsidy ratio of 1:1 between the central government and local governments was adjusted to: Local subsidies must not exceed 50% of the central government. Not only that, the New Deal also increased the application conditions for 30,000 kilometers of operating mileage, and the post-supervision supervision tends to be strict.
The policy adjustments have drastically changed the bus market situation. The amount of state subsidies declared by Yinlong in 2014, 2015, and 2016 were 55.50 million, 10.16 billion yuan, and 2.235 billion yuan respectively. The three-year cumulative total exceeded 3 billion yuan, but the profits of the past few years Far below the above figures.
Bus driver: Frequent charging is too much trouble
In Yinlong’s hometown of Zhuhai, many electric buses built by Zhuhai Guangtong, a subsidiary of Yinlong subsidiary, can be seen all the way.
A reporter from the Securities Times e Company took a bus made by Guangtong Automobile at the nearby bus stop and followed the bus to Sanzha Town Bus Terminal.
According to the introduction of bus drivers, it has been driving a new energy vehicle manufactured by Guangtong since last year. The mileage of battery support is about 30KM, and the bus runs about 20km. It basically needs to be charged each time it reaches the bus terminal. The charging time is about 15 minutes.
At Sanzao Bus Terminal, the Securities Times e reporter saw that all buses are new energy vehicles. In the station, there are 5 Yinlong charging stations. Each short-distance bus to the station needs to be charged. The charge bit takes up most of the space in the entire station, but charging still needs to wait in line. If there is a time conflict, it may take up to half an hour to complete the charge.
When it comes to the driving experience, a driver told the Securities Times e reporter that: 'The short-haul buses here use Guangtong New Energy Vehicles. Due to the frequent charging times, each driver is in trouble. Zhuhai Mainline Bus 201 The road is also an electric bus, but it is built using ZTE's new energy. It can be more than 200 kilometers in length when fully charged. It is understood that ZTE New Energy's electric buses use batteries produced by Ningde.
According to reports, due to the inconvenience of bus use due to the short range, Wuan City, Hebei Province, has already returned some of the bus terminals in the township of Yinlong to fuel buses. This may also explain the reduction of orders for the battery business of Zhuhai Yinlong Battery. The reasons. Public information shows that at present, the number of cities in which Yinlong New Energy Bus operates in China has exceeded 50. However, the stagnation of battery business also exposed the problem of lithium titanate, a controversial technology path, in terms of market breakthroughs. .
Cui Dongshu, Secretary-General of the National Passenger Vehicle Market Information Association, commented on the problem encountered by Zhuhai Yinlong, a reporter of the Securities Times eCorporation Company. Yinlong’s development of fast-filling lithium titanate has encountered a bottleneck. This technology is still not generally favored by the industry. The line issue is still the most critical investment option, and it can only be developed rapidly by following the mainstream direction. At present, the mainstream new energy technology is the ternary lithium battery.