Shandong Heavy Industry Co., Ltd. is accelerating

2022-10-15
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Jiepan Yaxing bus Shandong heavy industry is accelerating its march into the whole vehicle

Jiepan Yaxing bus Shandong heavy industry is accelerating its march into the whole vehicle

China Construction machinery information

Guide: due to the continuous downturn in sales, Yaxing bus has long faded out of people's sight, but a recent news pushed it back into public opinion. On November 2, Yaxing bus announced that according to the notice of the company's controlling shareholder Jiangsu Yaxing Automobile Group Co., Ltd. on November 1, Yaxing group plans to transfer 53.71% of the company it holds

due to the continuous downturn in sales, Yaxing bus has long faded out of people's sight, but a recent news pushed it back into public opinion. On November 2, Yaxing bus announced that according to the notice of the company's controlling shareholder Jiangsu Yaxing Automobile Group Co., Ltd. on November 1, Yaxing group plans to transfer all or part of its 53.71% shares of the company to a company directly under Shandong Heavy Industry Group Co., Ltd. free of charge. The news led to the closing increase of Yaxing bus at 9.98% on the same day

Yaxing bus has 309000 tons of automotive polyether demand in China. The annual report for the first half of this year shows that although the company has turned losses into profits, there is actually no surprise. The relevant person of nisex securities told that if the non recurring profit and loss factors were excluded, the actual loss of the company in the first half of the year was 5.3699 million yuan

the decline of Yaxing bus has a lot to do with the sluggish sales of its main business. The company's semi annual report disclosed that in the first half of the year, a total of 1166 passenger cars were sold, with a year-on-year increase of 14.43%, far lower than the industry's year-on-year increase of 35%. The average monthly sales volume of less than 200 vehicles makes Yaxing bus at the end of the industry ranking

in fact, the pressure on Yaxing bus has a long history. Yaxing bus, which was listed in 1999, was at the forefront of the industry at the beginning of its listing, and had a brilliant time. But this brilliant period ended abruptly at the end of 2003. During the four years from the end of 2003 to 2006, Gu Chujun, the head of greenkor, joined the company, and then Yangzhou SASAC repurchased the equity, during which the performance of Yaxing bus fell to the bottom. According to the data, Yaxing Bus Lost 96.34 million yuan in 2009

insiders of Yaxing group admitted that Yaxing bus, which is currently under the state owned assets supervision and Administration Commission of Yangzhou, has been more cautious than other enterprises due to major setbacks. This indirectly led to the inability of Yaxing bus to keep up with the market, the slow updating of models, the difficulty in boosting sales, and the frequent turnover of enterprise personnel

data show that Yaxing bus company has an annual production capacity of 10000 vehicles, while the company's capacity utilization rate is less than 30%. The low capacity utilization rate has exposed the dilemma that Yaxing bus has been in for a long time

analysts believe that although Yaxing bus was once a leading enterprise in the bus manufacturing industry, it has experienced ups and downs in recent years. The marriage of Mercedes Benz was hopeless, and the cooperation with Kelon Group failed again. Although it later raised the flag of new energy bus, it could not hide the fatigue of its late hero

for Yangzhou municipal government, yaxingke just needs to choose a suitable experimental speed car, which has long become a "chicken rib". "In fact, since 2006, in order to completely get rid of greenkor's shadow, Yangzhou municipal government has been trying to take various means, including the transfer of equity, to get rid of this trouble." Analysts told the times weekly

for the underdeveloped Yaxing bus, the emergence of Shandong heavy industry undoubtedly created a good opportunity to break the situation. Analysts believe that as early as 2009, when Shandong heavy industry acquired yangchai and signed a strategic cooperation agreement with Yangzhou municipal government, it can basically foresee today's acquisition of Yaxing bus

and most importantly, the person believes that this acquisition is the inevitable result of the deepening of the strategic layout of Shandong heavy industry. The strategic goal of Shandong heavy industry is to help you break through the sales scale of 100billion in a short time. This is the original intention of Shandong Province to merge and establish Shandong heavy industry, with the intention of building a 100 billion level machinery and equipment manufacturing group. From the perspective of industrial layout, Shandong heavy industry will strive to build a powertrain system plate with engines as the core and a complete vehicle system plate with commercial vehicles as the core, and realize the manufacturing layout of Shandong, Chongqing (southwest), Shaanxi (northwest) and Jiangsu and Zhejiang from the perspective of regional layout

"from this perspective, Shandong heavy industry's acquisition of the equity of Yaxing bus in Yangzhou can not only deepen its vehicle system sector, but also complete its regional plate layout in Jiangsu and Zhejiang. Its internal strategic thinking is simple and clear." The aforementioned person said

although the announcement did not clearly indicate which of the three companies under Shandong heavy industry will be transferred by Yaxing group, it is widely believed in the industry that Weichai Power will become the successor of Yaxing bus

in fact, Weichai Power has long been known in the industry to absorb the demands of vehicle manufacturers. As early as August this year, Weichai Power was exposed to want to acquire the heavy truck business of Shanghai Huizhong, but it was defeated by China National Heavy Truck Corporation. If Weichai Power acquires Yaxing bus, it may help it successfully enter the field of commercial vehicle manufacturing

at present, all vehicle enterprises have begun to take the lead in palm control engine matching, such as China heavy duty truck, FAW Jiefang, Dongfeng commercial vehicle and other enterprises are more inclined to match their own engines in market promotion and publicity, so it is necessary to make the impact testing machine run away from local models with high humidity. At the same time, Foton Auman, Shaanxi heavy duty truck, JAC and other enterprises have also made many moves in this regard. These are dangerous signals for Weichai

"the enthusiasm of the OEMs for self equipped engines makes it inevitable for Shandong heavy industry, with Weichai Power as the main body, to extend downstream. With the gradual promotion of Shandong heavy industry's 100 billion yuan strategy, the research and development of complete vehicle system with commercial vehicles as the core, one of the four sectors, will also become the top priority of Shandong heavy industry."

insiders believe that Shandong heavy industry will further improve its commercial vehicle manufacturing system after the acquisition of Shaanxi heavy truck and Yaxing bus. The key is that Shandong heavy industry will deepen the cooperation with Yangzhou municipal government and speed up the construction of Weichai Group Yangzhou auto parts and ship power manufacturing base by successively acquiring Yangzhou diesel and Yaxing passenger cars. On this platform, with the help of Shandong heavy industry's financial strength and integration ability, the future imagination will not only be bus manufacturing, but also include many concepts such as buses, light trucks, new energy auto parts and so on. Therefore, this acquisition is of great significance to Shandong heavy industry

"for Yaxing bus, which has been committed to looking for opportunities to rise again for many years, through this acquisition, it officially enters Shandong heavy industry, a powerful equipment manufacturing enterprise platform in the whole industry chain. In the future, it will also form new development opportunities with capital sources, technology sources, supply guarantee and product export." Analysts told the times weekly

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