Once a car company gets used to it, focuses on these things, and ignores positive research and development and product quality control, then the quality of the product is likely to be problematic.

How to get rid of the hat

This company is still very interesting. Before Zotye, everyone called it "Boshitai". For Hana? Because it is a copycat Porsche and it is very thorough. If you put the car logo in one gear, it is difficult to tell if you don’t have more than ten years of driving experience. Once a car company gets used to it, focuses on these things, and ignores positive research and development and product quality control, then the quality of the product is likely to be problematic. After a brief big sale, it was soon exposed to engine oil leakage, transmission failure, and abnormal body noise.

FAW By 2020, after Zotye Auto's sales declined year by year, it simply entered a state of suspension of production for a long time. Then it was revealed that it lost 11.2 billion yuan a year, and the average daily loss actually exceeded 30 million yuan.

After that, Zotye was completely out of business, and the company's stocks were also subject to a delisting risk warning. Zotye, who has the stars, has also entered the bankruptcy reorganization process.

company boss Huang Jihong to take out 2 billion yuan to get rid of the hat. The information about Huang Jihong is as follows

Huang Jihong is also the actual controller of Pangda Group . Bankruptcy reorganization was completed in December 2019. The performance after restructuring is OK. However, the third quarter report suffered losses. I will look at the reasons for the loss in the future.

What is the current price-to-earnings ratio? What are the expectations in the future

Zotye's performance is really no one else. The third-quarter financial report shows that the company is still losing money. So how will Zotye develop in the future?

In June this year, Zotye disclosed a private placement plan with a total amount of no more than 6 billion yuan, of which 473.2 billion yuan is planned to be invested in new energy, intelligent connected vehicles, and the development of R&D capabilities. In August this year, Zotye signed an agreement with Bishan District, Chongqing to build a production base with an annual output of 100,000 new energy vehicles.

New energy vehicles are indeed a good development direction. But it is very difficult to develop well. The problems facing Zotye are really difficult to solve. And new energy vehicles are also a long-term process. Therefore, it is difficult to contribute to performance in the short term. Instead, investment requires money to be taken out. The financial report is not good.

The reason for this wave is the stimulation of news. First of all, Zotye's successful removal of the hat is indeed a positive news. Again, there is the rumor. Since the news dissipates, it will naturally lose the momentum to rise. Unless there is something else we can't see through. However, the bottom chips of the stock have not loosened. So the attitude of funds in the past two days is particularly important. If funds start to retreat, short-term teachers will retreat quickly. Although there is actually not much room for decline. But it's really not necessary.