Recently, when it comes to Yinlong, such as the large-scale shutdown of the factory area, the news of the arrears of employees has not been overwhelmed. As the public sentiment heats up, the media has a painful expansion of Chen Yinlong, lack of profit model, relying on state subsidies and other drawbacks.
It is worth noting that for the above reports, Yinlong also only responded by selecting '寥寥数语'. Some Yinlong suppliers told the Securities Daily reporter that in fact, this period of time is similar, the Yinlong mentioned The current situation has little to do with the company's industry. The event itself does not affect Yinlong's core business and development. 'At present, Yinlong's biggest problem is not in performance, but public opinion is too high.'
In this regard, some people in the industry said that the high attention of the market makes Yinlong, which is involved in the new energy industry, slightly pushed to the forefront of public opinion. Everyone has an extraordinary concern and over-interpretation of Yinlong, reflecting the market. Anxiety about the new energy industry.
Recently, Zhuhai Yinlong President Lai Xinhua said in an interview with the media that because Dong Zong (Dong Mingzhu) is an investor in Yinlong, the outside world will often have a small incident when it comes to Yinlong. Originally it was a simple business dispute, and it would not have been to the court to seal the door.
Yinlongda 'tumor' has been removed
'Speaking of the discontinuation of some production lines, it is actually normal. The former management blindly invested in the battery production line without market research. Due to the mismatch between supply and demand, it caused a large amount of inventory. For this reason, the production line was temporarily upgraded and the production line was upgraded. According to Lai Xinhua, several lines are still in operation, and R&D and trial production of new products are underway.
At the same time, he revealed that the management is also intentional for the employees to leave. After taking over, many parks are found to be desperately recruiting. There are no standard working hours and fixed-term assignments. The phenomenon of overstaffing is serious. 'It can be said that there was no management inside the Yinlong, cost control. The concept is completely a loose sand. '
In this context, the current management has carried out drastic reforms of Yinlong's layoffs. According to him, before the Yinlong, there were 18,000 people, and now there are only 10,000 people, not only maintaining normal production, but also improving production efficiency. .
Speaking of the funds that everyone is most concerned about. Lai Xinhua said that overall, it has been effectively improved. On the one hand, accounts receivable has dropped by about 45% compared with the beginning of the year; and in terms of inventory, since the customer is a public transportation system, many customizations are made. The product does affect the liquidity of funds.
According to the reporter's understanding, at the beginning of the state subsidy for new energy buses, in order to get subsidies as soon as possible, bus companies on the one hand mass-produce passenger cars, on the other hand ignore the operational capacity, and issue vehicles to the pick-up unit. This leads to a large number of passenger cars. There are no payables and progress payments, just waiting for subsidies. However, with the promulgation of new regulations and the prolonged issuance cycle, many new energy bus companies have huge paper-based wealth of accounts receivable, but it is difficult to withdraw funds. Until it is dragged into the bankruptcy edge.
In addition, Lai Xinhua also said that before the purchase of Yinlong was carried out in a decentralized manner, each park general manager or purchasing department had great power, which breedd a gray interest chain. As of now, the above-mentioned harmful big 'tumor' is basically All have been found and removed, as for the small 'tumor' will be slowly cleaned up.
The company's operating conditions are improving
In fact, Yinlong, which is undergoing a transitional pain period after 'scraping bone healing', has gradually improved its indicators.
According to the data, in the first half of this year, Yinlong New Energy Bus ranked fourth in national sales, up 60% from 2017. More critically, compared with the previous shoddy, the subsidized bus products, now Yinlong is in accordance with the formal The new passenger car made by the real vehicle design process has improved the quality of the whole vehicle.
In the procurement process, Yinlong has set up a screening plant, which will resolutely remove some suppliers that do not meet the requirements. In the future, on the basis of ensuring the production rhythm and increasing orders, the company will also realize the inventory as much as possible, and then the capital flow will be sufficient. Repay the debt owed.
For Lai Xinhua, the general manager of the original Gree Zhengzhou company, which has served more than ten years, this set of styles seems to stem more from Gree's management culture and business philosophy. In this regard, Lai Xinhua does not swear that 'now Yinlong really borrowed Many Gree practices, such as screening plants, presidential bans, positive quality, and so on.
There are even more than ever. 'Now Yinlong's branches have hard indicators, and the annual reduction should be at least 15%, otherwise the performance appraisal will be lowered.' Lai Xinhua said.