· SAIC raised 15 billion for business transfusion equity incentives to deal with Internet car dig

On the evening of January 20, SAIC Group announced the results of the non-public offering of shares and the change of share capital, saying that the company completed the non-public offering on January 21, 2017. It is reported that the non-public offering raised funds of 15 billion yuan, the issue price is 22.80 yuan / share, the number of issued shares is 658 million shares. Among them, the major shareholder and core employees share the plan to subscribe for 180 million shares, and the rest are subscribed by six institutions. After deducting the issue fee, there are still 14.854 billion yuan.
The "Securities Daily" reporter learned that despite the recent market downturn, there are still more than 40 institutions submitting quotations during the inquiry process. In addition, as Changan and SAIC successively launched equity incentives, they will further enhance the enthusiasm of the company's middle and high-level and accelerate the pace of state-owned car companies into world-class car companies.
It is worth mentioning that, at the moment when the Internet is becoming popular, SAIC has become the hardest hit area for Internet car manufacturers to dig people. At this time, it is necessary and timely to launch the employee stock ownership plan. It is reported that the core employees of the public offering fundraising company will contribute a total of about 1.1 billion yuan. Through this fixed increase, SAIC Group completed the equity incentive for 2,321 core employees.
Will increase the market to pursue the raised funds of 15 billion yuan
It is reported that this non-public offering adopts the bidding method, and more than 40 institutions submit quotations during the inquiry process. At the same time, the company's core employees invested about 1.1 billion yuan to establish an employee stock ownership plan to participate in the company's non-public offering. The employee stock ownership plan is for group leaders, factory-level cadres and key key employees.
According to the reporter's observation, the three joint lead underwriters issued invitations to 355 specific targets, including public and private placements, brokerages, etc. More than 40 institutions participated in the inquiry. Among the eight investors selected, Shanghai Automotive Industry (Group) Corporation and SAIC Group's core employee stock ownership plan are the controlling shareholder and related parties of the company. They do not participate in the market inquiry, but promise to accept the market inquiry result, the subscription price and The subscription price of other issuers is the same.
In addition, several investors, Zhongyuan Equity, Hengjian Investment, Huarong Huitong and Hebei Port Group all participate in the subscription with their own funds; Ping An Assets and Minsheng Tonghui Asset Management products are insurance products. The major shareholder and core employee shareholding plan that ultimately participated in the subscription subscribed for 180 million shares, and the rest was subscribed by six institutions. After deducting the issue fee, there are still 14.854 billion yuan.
For the non-public offering, SAIC said that this is in line with the future development trend of the automotive industry and will become a new growth point for medium and long-term development.
The performance forecast announced on the same day showed that SAIC Group expects that the net profit attributable to shareholders of listed companies in 2016 will increase by about 7.5% compared with the same period of the previous year. Specifically, SAIC Group achieved a total sales of 4.8889 million vehicles, an increase of 9.95% year-on-year. Among them, the annual sales volume of self-owned brand passenger cars was 322,000, a year-on-year increase of 89.2%; the self-owned brand commercial vehicle SAIC Chase achieved 46,000 vehicle sales throughout the year. In the case of a significant decline in the light passenger market, the trend increased by 31.6%. .
Wang Liusheng, an analyst at China Merchants Securities, believes that equity incentives are good news for companies. The core of the employee stock ownership plan is to tie the interests of employees and the company, and to encourage employees to make greater progress for the company's long-term sustainable development in the future. The contribution, while sharing the benefits of the company's continued growth.
Transforming new energy into blood transfusion for innovative business
At present, with the acceleration of the promotion of new energy vehicles, domestic auto companies such as SAIC have gradually increased the field. On December 1, last year, at the extraordinary general meeting, Chen Hong, chairman of SAIC, once revealed that “in 2016, SAIC’s new energy passenger vehicle sales exceeded 28,000 units, and it is expected to exceed 80,000 units in 2017.”
According to this plan, the funds raised will be used for new energy industry investment, including research and development of new energy passenger vehicles, fuel cells, independent Internet vehicle application development projects, and e-commerce platform car enjoyment network projects. According to the plan previously disclosed by SAIC, SAIC intends to invest 7.2 billion yuan to raise funds for new energy vehicle projects. It is estimated that 2020 will bring in 300,000 new energy passenger vehicles and 22,000 new energy commercial vehicles. And added capacity of 240,000 hybrid EDU transmissions.
At the same time, the company plans to invest 2 billion yuan to raise funds to develop commercial vehicle intelligent customized business model; and will invest 1.9 billion yuan for the development of fuel cell vehicles, smart driving and independent brand Internet automotive applications.
There is no doubt that Internet car has become the main brand of SAIC Group's own brand. In this regard, Chen Hong said, "SAIC will launch more Internet models in the future, and Internet vehicles will account for 50% of the total sales of SAIC passenger car companies next year."
"Smart Connected System is a new engine. It is a collection port for big data. Through cloud computing and other technical means, it can research and even predict the user's driving behavior pattern, life consumption mode and traffic trajectory, so that the user experience To a smarter mobile life.” Wang Xiaoqiu said at the 2016 Guangzhou Auto Show.
As a new profit point for future automakers, the auto finance business was also injected with 3.9 billion yuan in raised funds. A related person from SAIC told reporters that SAIC will transform from a traditional vehicle manufacturer to a service manufacturer in the future. It is estimated that by 2018, the auto finance project will generate incremental income of about 1.8 billion yuan per year, and the corresponding incremental profit will be about 540 million yuan.