The overall downturn in the automotive market, rapid response car prices have realized to find new profit point. By the end of June, the Guangzhou Automobile Group, through its wholly-owned subsidiary of Guangzhou Automobile Capital Co., Ltd. (Guangzhou Automobile capital), continuous initiated the establishment of three funds.
These three funds are the high-end smart equipment industry fund, the automobile industry and new industry investment fund buyout funds are set up around the theme of the automobile industry. Total fund size reached 2.5 billion yuan, the domestic automobile enterprises Group attempts equity fund investments and acquisitions, the scale is not small.
"In recent years the main business profit margins declining car, is the universality of all domestic car prices facing the Group. Guangqi think about is, can not from the entire automotive industry chain, to find new profit point." Guangzhou Automobile Group, the relevant internal people July 24 in the 21st Century Business Herald reporter said.
Guangzhou recently introduced state-owned enterprise reform opinion, made a similar direction: support the integration of resources to accelerate the development of listed companies, to promote high-quality assets on the downstream industry and industry chain into the listed company. So Guangqi initiated the establishment of the Fund's intention is another, with Guangzhou to promote SOE reform.
"Guangzhou Automobile's state-owned enterprises has been implemented, include finance industry attempts equity incentives, etc., is one." The official said.
Investment target new industries and new technologies
June 24, Guangzhou Automobile Group announced that Guangzhou Auto Capital initiated the establishment of high-end smart equipment industry fund. July 10, said the fund to complete the registration.
Funds involved in the initiation party as well as Shanghai Rui Qi Tool Company (hereinafter referred to as Rui Qi shares) and Guangdong German Allianz Group (hereinafter referred to German Allianz Group), were engaged in a high level of professional power tools, research and development, production, sales and franchise automobile series of chemical products .
Relevant information, Guangzhou Automobile Objective The fund is set up, focusing on high-end equipment industry, advanced manufacturing, industrial 4.0 concepts and intelligent vehicles and other industries for investment.
The evening of June 28, Guangzhou Automobile announcement that the newly re-established two funds, namely investment fund for the automotive industry and emerging industry mergers and acquisitions fund.
Automobile Industry Investment Fund by the Guangzhou Automobile and Guangzhou Securities Capital Innovation Investment Management Ltd. initiated the establishment of a general partner, mainly for the automotive industry innovative technologies, including intelligent manufacturing, automotive parts, new energy vehicles, automotive after-market, automotive electronics and vehicle networking.
Emerging industry mergers and acquisitions and capital funds by the Guangzhou Automobile Guangzhou-eun days Guangdong equity funds initiated the establishment of a general partner, mainly for the automotive industry chain downstream, advanced manufacturing, large consumer and financial services and other strategic emerging industries, while the state-owned concern outstanding Mixed ownership reform of business investment opportunities.
"Funds are to invest in the automobile industry in a ring or chain of related industries: First Guangqi that the car industry chain still has to explore the space; the second is familiar with Guangzhou Automobile automobile industry, can be better to control investment risk." The official said.
Guangzhou Automobile promote industrial investment is not a special case, this year March 12, SAIC announced that a wholly owned subsidiary of Shanghai Automotive Group Investment Management Co., Ltd. and Alibaba (China) Technology Co., Ltd. signed the agreement, the two sides will each contribute about 500 million yuan , a joint venture set up a total of about 10 million Internet car fund. The establishment of the fund will promote the development and operation of the Internet platform of the car.
Use of financial capital, grab profit point industrial chain, is the future trend. Guangqi early as March 2013 on the establishment of the Guangzhou Automobile invested one billion yuan of capital, the business scope of investment, investment management, investment advisory, enter the field of equity investments.
SAIC focus on the Internet and various automotive sector, involving a broader range of Guangzhou Automobile, targeting the automobile industry to speed up the whole industry chain layout to achieve convergence with the capital markets, improve industrial concentration and get high capital appreciation.
On the other hand, according to state-owned enterprises in Guangzhou opinion, 80% of municipal operating state-owned assets will focus on strategic emerging industries, advanced manufacturing and modern service industry, infrastructure and livelihood security, and other key areas and industries. Guangzhou Automobile manufacturing is a typical representative of Guangzhou, mainly in new energy vehicles, advanced manufacturing, smart car and so on.
After the news, Guangzhou Auto may integrate acquisitions, another state-owned Guangzhou Wanli Group. Internal logic is twofold: First, the Guangzhou SOE reform program proposed asset securitization, mergers and acquisitions Wan Li Guangqi can Wanli Group asset securitization; two million of operating rubber, tires, real estate, finance and other industries, part of the business is automobile a ring industrial chain, in line with the integration of the direction of SOE reform program proposed in Guangzhou, the Guangzhou municipal enterprises plan to 2017 will be adjusted to about 30.
However, the Guangzhou Automobile Group, the inside of the sources said: "At least I still have not heard the exact message, if any, remain in the conceptual stage." Guangzhou Automobile Group and Wanli Group belong to the same level of municipal enterprises, integrated design and facilitator Guangzhou City, the SASAC should.
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