来源：券商中国
作者：胡飞军
复牌后的恒大汽车，再次遭遇停牌。
1月8日开盘前，中国恒大新能源汽车集团有限公司（简称“恒大汽车”）在港交所发布公告，该公司股份将于星期一上午9时整起短暂停止买卖。
上周1月1日，恒大汽车曾公告，恒大汽车和阿联酋新能源汽车品牌纽顿集团之间的股份认购协议及债转股认购协议，原定于去年12月31日截止，但纽顿集团未同意延长截止日期，意味着原定认购协议失效。此前按照协议，纽顿集团拟5亿美元战略投资，这对于濒临破产的恒大汽车来说算得上是一笔“救命钱”。
受此消息影响，恒大汽车1月2日收盘股价和2023年12月29日收盘价相比，已下跌超18%，目前报0.415港元/股，总市值45亿港元。
不过，恒大汽车表示，尽管协议已经失效，但恒大汽车、纽顿集团以及其他相关方仍在就这些交易的关键条款进行磋商，显示双方仍可能达成新的协议或修改原有协议。
再次停牌，待刊登内幕消息
恒大汽车公告，应该公司要求，恒大汽车的股份由2024年1月8日上午9时起于港交所短暂停止买卖，有待该公司刊发一份有关内幕消息的公告。
回溯历史，恒大汽车由于无法按时刊发2021和2022年相关财务业绩等原因，2022年4月1日起停牌近16个月，在仅剩2个月面临摘牌的节点上，恒大汽车最终完成复牌指引，于2023年7月28日起复牌。
2个月后的2023年9月28日，恒大汽车与中国恒大、恒大物业3家恒大系公司又再次短暂停牌。后续，恒大系三家公司停牌原因揭晓，恒大执行董事及董事会主席许家印，因涉嫌违法犯罪，已被采取强制措施。2023年10月9日，恒大汽车恢复买卖公司股份。
“救命钱”没了？
元旦期间，恒大汽车就遭遇利空消息。
2024年1月1日晚间，恒大汽车对外发布公告称，由于纽顿集团股份认购协议及债转股认购协议的订约方并未同意延长截止日期，因此纽顿集团股份认购协议及债转股认购协议已于2023年12月31日失效。
纽顿集团计划向恒大汽车注资的合作始于2023年8月。2023年8月14日，恒大汽车宣布，其获得由阿联酋国家主权基金持股的上市公司纽顿集团（NWTN.US）首笔5亿美元战略投资，另有6亿元人民币过渡资金将自公告后5个工作日开始陆续到账。双方拟议的交易预计将于2023年第四季度完成。交易完成后，纽顿集团对恒大汽车持股比例占扩大后已发行普通股总数的27.5%。
这距离恒大汽车经历一年多停牌后刚披露财报并复牌后不久。数据显示，截至2022年末，恒大汽车负债总额高达1838.72亿元，剔除其中的预收账款33.14亿元后的负债规模为1805.58亿元。
“本集团在可预见的未来将需要获得大量资金，以根据各种合约和其他安排为该等财务责任和资本开支提供资金。”恒大汽车方面曾表示，其已采取若干计划及措施以纾缓流动资金压力及改善其财务状况。
最新财报数据显示，2023年上半年，恒大汽车营收1.54亿元，同比增加540.98%，收入增加主要系恒驰5开始销售。但毛利润亏损6088万元，2022年同期毛亏损964万元，亏损额同比增长531.54%，主要是因为电池及芯片等核心零部件价格上涨、缺乏大规模生产使制造成本较高。
因此，在市场看来，纽顿集团这笔钱对于造成亏损多年的恒大汽车来说，可谓雪中送炭的“救命钱”。按照公告规划，纽顿集团的所有战投资金将全部用于恒大汽车天津工厂，确保恒驰5的正常生产和恒驰6、恒驰7的陆续量产。纽顿集团还将协助恒大汽车开拓海外市场，实现每年向中东市场出口3万至5万辆恒驰汽车。
协议的失效不代表恒大汽车放弃交易。恒大汽车在1月1日公告中回应，纽顿集团股份认购协议及债转股认购协议的订约方以及若干利益相关方，一直并将继续就修订拟议交易及债转股之若干关键条款进行磋商。
编辑/Somer
Source: Bro《欧预赛小组赛晋级规则》ker Chin
Author: Hu Feijun
After resuming trading, Evergrande Auto was once again suspended.
Prior to the opening of the market on January 8, China Evergrande New Energy Vehicle Group Co., Ltd. (“Evergrande Auto” for short) issued an announcement on the Hong Kong Stock Exchange. The company's shares will temporarily stop trading at 9:00 a.m. on Monday.
On January 1 of last week, Evergrande Auto announced that the share subscription agreement and debt-for-share subscription agreement between Evergrande Motor and the UAE NEV brand Newton Group were originally scheduled to end on December 31 last year, but Newton Group did not agree to extend the deadline, which meant that the original subscription agreement had lapsed. According to the previous agreement, the Newton Group planned to make a strategic investment of 500 million US dollars. This is considered a “life-saving money” for Evergrande Auto, which is on the verge of bankruptcy.
Affected by this news, Evergrande Motor's closing stock price on January 2, compared with the closing price on December 29, 2023, has fallen by more than 18%. It is currently reported at HK$0.415 per share, with a total market value of HK$4.5 billion.
However, Evergrande Motor said that although the agreement has expired, Evergrande Auto, Newton Group and other relevant parties are still negotiating the key terms of these deals, indicating that the two sides may still reach a new agreement or amend the original agreement.
Trading suspended again, pending publication of inside information
Evergrande Motor announced that in response to the company's request, Evergrande Motor's shares will temporarily stop trading on the Hong Kong Stock Exchange starting at 9:00 a.m. on January 8, 2024, pending the company's publication of an announcement on insider information.
Going back in history, Evergrande Motor suspended trading for nearly 16 months on April 1, 2022 due to reasons such as not being able to publish relevant financial results for 2021 and 2022 on time. With only 2 months left to face delisting, Evergrande Motor finally completed the resumption guidelines and resumed trading on July 28, 2023.
Two months later, on September 28, 2023, Evergrande Auto and the three Evergrande companies of China Evergrande Properties, once again suspended trading for a short time. Subsequently, the reason for the suspension of trading of the three Evergrande companies was revealed. Xu Jiayin, executive director of Evergrande and chairman of the board of directors, has been taken coercive measures due to suspicion of breaking the law and committing a crime. On October 9, 2023, Evergrande Auto resumed trading of the company's shares.
Is the “life saving money” gone?
During New Year's Day, Evergrande experienced bad news.
On the evening of January 1, 2024, Evergrande Motor announced that since the parties to the Newton Group share subscription agreement and debt-for-share subscription agreement did not agree to extend the deadline, the Newton Group share subscription agreement and debt-for-share subscription agreement expired on December 31, 2023.
The partnership between Newton Group's plans to inject capital into Evergrande Auto began in August 2023. On August 14, 2023, Evergrande Motor announced that it has received the first strategic investment of 500 million US dollars from Newton Group (NWTN.US), a listed company owned by the UAE National Sovereign Fund, and that an additional 600 million yuan of transition funds will be received one after another 5 working days after the announcement. The parties' proposed deal is expected to close in the fourth quarter of 2023. After the transaction was completed, Newton Group's shareholding ratio in Evergrande Auto accounted for 27.5% of the total number of common shares issued after the expansion.
This was not long after Evergrande Auto disclosed financial reports and resumed trading after being suspended for more than a year. According to the data, as of the end of 2022, Evergrande Auto's total debt reached 183.872 billion yuan, and the debt size after excluding pre-collected accounts of 3.314 billion yuan was 180,558 billion yuan.
“The Group will require significant funding in the foreseeable future to finance such financial liabilities and capital expenses under various contracts and other arrangements.” Evergrande Motor has stated that it has taken a number of plans and measures to ease liquidity pressure and improve its financial situation.
According to the latest financial data, in the first half of 2023, Evergrande Motor's revenue was 154 million yuan, an increase of 540.98% over the previous year. The increase in revenue was mainly due to the start of sales of Hengchi 5. However, the gross profit loss was 60.88 million yuan, and the gross loss was 9.64 million yuan in the same period in 2022. The loss amount increased 531.54% year-on-year, mainly due to rising prices of core components such as batteries and chips, and the lack of large-scale production, which made manufacturing costs high.
Therefore, in the market's view, the money from the Newton Group can be described as “life-saving money” for Evergrande Auto, which has been causing losses for many years. According to the announced plan, all of the Newton Group's investment funds will be used at Evergrande Motor's Tianjin plant to ensure normal production of Hengchi 5 and the sequential mass production of Hengchi 6 and Hengchi 7. The Newton Group will also assist Evergrande Motor to develop overseas markets and export 30,000 to 50,000 Hengchi cars to the Middle East market every year.
The expiration of the agreement does not mean that Evergrande Auto abandons the deal. Evergrande Motor responded in its January 1 announcement that the parties to the Newton Group share subscription agreement and debt-for-share subscription agreement and several stakeholders have been and will continue to discuss revisions to certain key provisions of the proposed transaction and debt-for-share swaps.
Editor/Somer
2018年，作为中航信托掌舵人，姚江涛当选中国信托业协 ❢会欧预赛小组赛晋级规则会长，并积极参加行业活动，并积极发声。
费森尤斯医疗盘前跌1.73%，CEO意外离职 ♏。
本报记者 陶珽 【编辑:李世民 】
