After the huge loss of FAW car will be stripped of all red arm assets – Auto Sohu

After the huge loss of FAW car will be stripped of all red arm assets – Sohu automobile   FAW car first half of the accounts receivable reached 240 million yuan, surged to 9 times the previous year. Net cash flow from operating activities was -1.8 billion yuan, showing a decrease in product sales due. The carrying amount of monetary funds 190 million yuan, short-term loans up to $2 billion 500 million. The deduction of non net profit loss 826 million yuan, down 675%, after the surrender of the worst since the listing of the semi annual report, the FAW car (000800.SZ) or the arm to survive. Twenty-first Century economic news reporter learned exclusively, FAW department will integrate its red flag related assets. According to sources close to the FAW, the integration of specific path will be the first to China auto Limited by Share Ltd (hereinafter referred to as "FAW shares") under the red flag as the main division of FAW shares established branch (hereinafter referred to as the "red flag company"). FAW car all the red flag assets will be stripped to FAW shares. In fact, since March this year, since the establishment of the FAW shares red division, the market for the integration of red flag assets are expected. In the FAW shares, the red flag division and FAW car for flat level units. At present, the production of all the red car in FAW car." September 12th, FAW car securities office staff told reporters. The aforementioned sources pointed out that the red car production line is not enough to start, weak sales, a serious loss in the FAW car system. If able to peel, for the FAW car 2016 annual results will boost. Integration is expected in China First Automobile Group Corporation (hereinafter referred to as "FAW") after the arrival of the new leadership, the red flag asset integration is expected to have been more intense. In addition to the establishment of the FAW car in March with the level of the red flag division, in April, FAW and FAW Group signed a trademark license contract supplementary agreement. According to the supplementary agreement, since 1997 by the FAW Hongqi exclusive right to use trademarks, change to share with FAW Group and licensed third party. According to the original contract, FAW FAW FAW car license to enjoy the exclusive right to use the trademark, FAW car sales by the use of trademark products per unit price of 1000 yuan calculated to pay the use of the FAW group. The collection of fees for the cumulative sales of 240 thousand units so far, FAW Group will be transferred to the FAW FAW red flag car. After the change, the red flag trademark will be extended to the FAW Group and other licensed third party. As compensation, FAW car has not yet completed the sales task of the 69 thousand and 800 red cars corresponding trademark license fee of 69 million 800 thousand will be exempt. Red flag is currently in the brand cultivation period, has not yet formed a scale effect, by the FAW Group and the company share the right to use, is conducive to mobilize various resources for the cultivation and development of the red flag brand." FAW car in exchange with investors, said. In fact, this is another important reason or that the sharp decline in the performance of the FAW car, have not enough money and the ability to develop the Red Flag brand, and the red flag of the loss actually erosion)相关的主题文章: