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When night falls, the lights are on, the hustle and bustle of the bustling city can not cover the shock brought by a news, the former car dealership giant, Guanghui Automobile, is now mired in the quagmire, facing the fate of delisting, this sudden change, not only caught countless investors off guard, but also caused widespread concern in the market about the development prospects of private enterprises
Looking back at the development process of Guanghui Automobile, it can be described as ups and downs, the company was born in Xinjiang, with a keen sense of market smell and bold business strategy, quickly occupied a place in the domestic automobile market, in 2015, Guanghui Automobile's share price once rushed to a peak of 16.15 yuan, the scenery is infinite, as if heralding a more brilliant future, no one expected, this is its last peak moment
Since then, the share price of Guanghui Automobile has begun to decline all the way, as if falling into an inescapable whirlpool, after the release of the new national nine, the market competition has become increasingly fierce, the speed of survival of the fittest has also accelerated, Guanghui Automobile's operating conditions have gradually deteriorated, and finally came to the edge of delisting
For many investors, the news of Guanghui Automobile's delisting is undoubtedly a bolt from the blue, they once had high hopes for this company, but the reality has given them a heavy blow, and what is even more unacceptable is that Guanghui Automobile was not delisted because of financial fraud and other issues, but because the stock price has been below the face value of 1 yuan for 20 consecutive trading days, touching the red line of the exchange's delisting
Such a result, so that many investors are confused and puzzled, after all, on the surface, Guanghui Automobile's financial situation does not seem to be so bad that it is irretrievable, according to the company's latest financial report, in the first quarter of this year, Guanghui Automobile still achieved 27.79 billion yuan of revenue, monetary funds also have 8.336 billion yuan, although the performance has decreased compared with the same period last year, but still maintains a profitable state, Guanghui Automobile also has AA+ convertible bonds and a market value of more than 7 billion yuan
These seemingly healthy financial indicators are in stark contrast to the results of delisting, and have also become lingering questions in the minds of investors, is a company with such strong strength really going to end up in such a tragic end?
In fact, the predicament of Guanghui Automobile was not formed overnight, in recent years, with the intensification of competition in the domestic automobile market, as well as the rise of new energy vehicles, the traditional automobile dealership industry is facing unprecedented challenges, although Guanghui Automobile has also tried to transform, but has not been able to find an effective breakthrough
In the face of the deteriorating business situation, the management of Guanghui Automobile is not indifferent, they are actively seeking self-help measures, trying to turn the tide, on July 10 this year, Guanghui Automobile announced that it is planning a change of control, hoping to inject new vitality into the company by introducing new strategic investors
As soon as the news came out, the market reacted enthusiastically, and the share price of Guanghui Automobile also rose, once approaching the limit, which was just a flash in the pan, because the two parties failed to agree on the core terms, and finally the deal ended in failure
Guanghui Automobile's road to self-help has once again entered a dead end, losing the support of external funds, and Guanghui Automobile's situation is more difficult, and finally, under the game of all forces, Guanghui Automobile's fate has come to an irreversible end
The delisting of Guanghui Automobile has a profound warning significance for the entire A-share market, which reminds us that even if it is a former industry giant, it cannot escape the cruel law of market competition, and in the rapidly changing market environment, enterprises must always maintain a sense of crisis, continuous innovation and change, in order to be invincible
For investors, the case of Guanghui Automobile has also sounded the alarm bell, in the investment process, we should not blindly believe in the past performance and scale of the enterprise, but to conduct an in-depth analysis of the company's operating conditions, industry development trends, etc., and rationally judge the investment risk
The story of Guanghui Automobile is a microcosm of an era and a warning of an era, which allows us to see that in the tide of the capital market, no one can stand forever, and only by constantly adapting to changes can we survive in the fierce competition
We can't predict the future of Guanghui Automobile, but we believe that no matter what kind of ups and downs it goes through, the resilience and vitality of China's economy will drive Chinese companies forward
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