seres plans to invest 5 billion yuan to increase seres automotive's capital and purchase the ownership of the super factory for nearly 8.2 billion yuan
2024-09-14
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with its performance soaring, seres has increased the capital of its wholly-owned automobile subsidiary and is also purchasing the ownership of the super factory.
on the evening of september 13, seres group co., ltd. (seres, 601127.sh) issued an announcement that it plans to use its own funds to increase the capital of its wholly-owned subsidiary seres automotive co., ltd. (hereinafter referred to as “seres automotive”) by rmb 5 billion, increasing its registered capital from rmb 4.96 billion to rmb 9.96 billion.
seres said that this capital increase will help enhance the capital strength of seres automotive, optimize its capital structure, reduce its asset-liability ratio, and promote its sustainable and high-quality development.
according to the announcement, in the first half of this year, seres auto achieved revenue of 61.737 billion yuan, a year-on-year increase of 132% compared with the first half of 2023, and net profit turned from a net loss of 5.307 billion yuan in the same period last year to a net profit of 1.781 billion yuan. seres auto's main business includes the research and development, manufacturing and sales of pure electric vehicles.
seres automobile's main financial data for the most recent year and period
at the same time, seres also announced on the same day that it would buy the project company that would build the seres super factory.
according to the announcement, seres intends to purchase 100% of the equity of chongqing liangjiang new area longsheng new energy technology co., ltd. (hereinafter referred to as "longsheng new energy") held by chongqing industrial investment fund partnership (limited partnership), chongqing liangjiang new area development investment group co., ltd., and chongqing liangjiang new area industrial development group co., ltd. by issuing shares. the total transaction price is 8.164 billion yuan, and about 123 million shares will be issued at a price of 66.39 yuan per share, accounting for 7.53% of the total share capital after issuance.
according to the announcement, seres signed a "strategic cooperation agreement" with the liangjiang new area management committee in september 2022. the liangjiang new area management committee is responsible for the investment and construction of the intelligent connected new energy vehicle industrial park project, the company's entry into the automobile industrial park and leasing assets for production and operation, and the cooperation will promote the company's development into a leading enterprise in the new energy vehicle industry, help chongqing build a world-class intelligent connected new energy vehicle industry cluster, and accelerate the formation of a trillion-level automobile industry cluster.
longsheng new energy is the implementing entity of the infrastructure supporting project of the intelligent connected new energy vehicle industrial park in longxing new city, liangjiang new district. it is a project company specially established to serve the production and manufacturing of new energy vehicles. its main assets are the land, real estate, infrastructure and related supporting facilities required for the production of new energy vehicles. these assets have built a smart electric vehicle factory.
before this transaction, seres leased a super factory from longsheng new energy to produce its series of smart electric vehicles. after the completion of this transaction, longsheng new energy will become a wholly-owned subsidiary of seres, and seres will also acquire ownership of the super factory.seres said this will ensure the safety, stability, autonomy and control of the company's product production, and improve the asset integrity and control of the company's important businesses.
according to the semi-annual report previously released by seres, the seres auto super factory was put into production during the reporting period. the factory fully applies intelligent technology to realize the interconnection and interoperability of equipment and data in the production process. the number of robots exceeds 3,000, and the key processes are 100% automated. a new car can be rolled off the production line in 30 seconds at most, and the production efficiency is at the leading level in the industry. the super factory is the first to apply 10,000-ton integrated die-casting technology to achieve "flexible, transparent, automated, interconnected, and intelligent" car manufacturing. at the same time, it is also equipped with blue light detection and robot online detection with a measurement accuracy of 0.05 mm; it is also equipped with 46 ai visual monitoring points to realize real-time monitoring and comprehensive detection of the production process. based on the digital management system, the production data of aito products can be permanently stored and 100% traceable.
in the first half of this year, seres produced and sold 203,900 new energy vehicles and 200,900 vehicles, up 349.24% and 348.55% year-on-year respectively. the company's operating income increased by 489.58% year-on-year to 65.044 billion yuan; the net profit attributable to shareholders of the listed company was 1.625 billion yuan, turning losses into profits year-on-year.
as of the close of september 13, seres's share price closed at 73.74 yuan per share, down 1.32%.
the paper reporter shao bingyan
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