Informed sources disclosed: 'At present, the issue of Yinlong has spread to the entire supply chain and capital chain. Many of Yinlong's supply chains have owed a lot of debt. After the 'listing' failed, Yinlong's new funding source channel is difficult to get through.
After Zhuhai Yinlong (hereinafter referred to as 'Yinlong') was exposed to production stoppages on multiple production lines, there was news recently that the listing of Zhuhai Yinlong has quietly stopped.
From the latest issue of Guangdong Province's Securities Regulatory Commission recently reported that the Guangdong Province has reported the preparation of listed company counseling work schedule, Zhuhai Yinlong New Energy Co., Ltd.'s 'counseling progress bar' is displayed as 'counseling termination'. In the first half of the year, Dong Mingzhu, chairman of Gree Electric Co., Ltd., which has invested all his money in Yinlong, has also no longer actively mentioned it to Yinlong in public.
After the introduction of China Merchants Securities for a few months, Zhuhai Yinlong’s efforts in listing have been undone.
Informed sources disclosed: 'At present, the issue of Yinlong has spread to the entire supply chain and capital chain, many of Yinlong's supply chain owes a lot of debt. After 'listing' failed, Yinlong's new funding source channel is difficult to get through. If Dong Mingzhu cannot continue to 'transmit blood' for it, Yinlong will face the huge funding gap left by the previous high expansion.'
At present, the Yinlong incident is continuing to ferment and it has affected a large number of suppliers.
Continued fermentation of Yinlong event Multiple suppliers face closure
Since the beginning of this year, the issue of Yinlong has been continuously exposed. The debt crisis of the Yinlong crisis seems to be happening every day.
Recently, many suppliers of Yinlong responded to reporters of Securities Daily. Since Yinlong’s debts were not recovered, they all already owed a lot of debts and were forced to collect debts by their employees. The company faces bankruptcy.
It is reported that at present, orders have fallen, production has stopped, and debt collection by suppliers has occurred in most industrial parks in Yinlong.
When suppliers interviewed by the media, they revealed that they had checked all bank accounts of Yinlong and had no money. At present, the principals of Yinlong are hard to contact.
It is reported that in Yinlong's national industrial park, there are more and more people collecting debts at home, and the scale of this debt collection group is accelerating.
The related person in charge of Zhuhai Sciqi, who has already brought Yin Long to the court, told the “Securities Daily” reporter: “Most suppliers with disputes with Yinlong are small in size. Once they are delayed in payment, they can easily go out of business. Can not afford to delay. 'He revealed that his dispute with Yinlong is still in consultation. 'Leading away from the legal process, peace talks.'
Capital chain gap appears 285 billion yuan investment in an anklet?
The supplier’s arrears are difficult to recover, block the debt, and even go to court, perhaps only torn the corner of the Yinlong capital chain crisis.
For Yinlong’s current dilemma, some people attributed it to the “excessive” rate of expansion in recent years. According to public information, since 2017, Yinlong has expanded or built new energy industrial parks in about 8 cities, with a total investment of up to 700. 100 million yuan.
After Yinlong’s exposure to listing guidance was terminated, its investment in over RMB 28.5 billion in industrial parks in Chengdu, Tianjin, Lanzhou, Nanjing, etc. was questioned by the industry.
"Yinlong's early steps are too big. If the follow-up can not continue to inject funds, Yinlong's many projects may end up being 'employed.' Currently, many industrial parks in Yinlong have no business to do. 'An informed source revealed.
The Yinlong insiders put their hopes on Dong Mingzhu.
Yinlong is truly known to outsiders, and naturally, Dong Mingzhu’s merits won’t be missed. Under Dong Mingzhu’s multiple platforms, Yinlong’s reputation became apparent. However, Dong Mingzhu seems not to have been affected by the Yinlong event.
Recently, she publicly stated that in the future, Gree will continue to expand its industrial layout. Gree's refrigeration, military HVAC equipment, molds and other industries will continue to fall. The focus of her current work seems to have gone to Gree.
As early as a year and a half ago, Dong Mingzhu had, in his own name, signed a capital increase agreement with Wang Jianlin, Liu Qiangdong, and other institutions with Yinlong, and increased a total of 3 billion yuan to acquire a 22.388% stake in Yinlong. At that time, Yinlong's valuation was 13.4 billion yuan, Dong Mingzhu’s shareholding ratio was 7.46%, ranking the fifth largest shareholder of Zhuhai Yinlong. Shortly afterwards, Yinlong again increased its capital, and Dongmingzhu’s shareholding ratio increased to 17.46%, becoming the second largest shareholder of Yinlong. .
It is understood that at present, Gree personnel have fully settled in Yinlong.
Today, Yinlong has encountered many problems, and the listing and financing channels have been blocked. The prospects are worrying. Dong Mingzhu's subsequent moves on Yinlong are speculative.