Yunnei Power does not deny being acquired by Shanghai Automotive
As a publicly listed company in the southwestern border, Yunnei Power has been obscured and has not shown much in the secondary market. However, after entering the month of June, Yunnei’s power suddenly emerged suddenly. The company’s stock price even pulled up 7 Yang Xian, and the monthly increase was as high as 16.85%, far outperforming the broader market in the same period.
A rumor on June 10 revealed the reason for the recent strengthening of Yunnei’s momentum. Some media reported that Shanghai Automotive intends to acquire Yunnei Power to supplement and perfect its own diesel engine industrial chain. Affected by this news, Yunnei’s power surged again by more than 4%, breaking through the suppression of the 60-day moving average and the half-year line.
It is worth mentioning that some analysts revealed to reporters after the market yesterday. After the media reported that Yun Nei Dynamics and SAIC were together, Yun Nei Dynamics held a national conference call in the afternoon. Although there is no clear recognition of the alliance with SAIC, but from the perspective of Yunnei Power, the company has not denied, "It seems that this matter is more reliable." The analyst said.
In recent years, the operating efficiency of Yunnei has been declining. Although in 2009, with the compensation of 390 million yuan in land compensation funded by Chengdu Yunai Power at the end of the year, the company achieved a 25% annual growth, but if non-recurring income was deducted, the company still experienced a business of 0.06 yuan per share in the fourth quarter. Loss. In the first quarter of this year, the company's performance fell again by 26% year-on-year. Therefore, if Yunnei is really married to SAIC, then the company's share price is undoubtedly a heavyweight.
"This matter has been passed for half a year. Now it looks like a little bit of a look." An auto industry analyst who had visited Yunnei Research and participated in an analyst conference call yesterday afternoon told reporters.
The analyst then pointed out that "Originally, SAIC had cooperated with Yunnei in the diesel engine of passenger cars, and SAIC also clearly indicated in this year's report that it would take 5 billion yuan to integrate the industry. Yunnei Power, as the earliest domestic independent research and development car The diesel engine, and the only manufacturer to be put into the market in bulk, is also a very reasonable thing for SAIC to think about it. On the conference call yesterday afternoon, many analysts raised questions about the connection between Yunnei Power and SAIC, but the company The party’s attitude of non-recognition and non-repudiation seems to be more reliable.â€
According to the analyst, Yunnei’s current main source of income is the traditional light diesel engine, but the most promising one is the passenger car diesel engine. The diesel engine of the sedan is 30% more fuel efficient than the gasoline engine, and its power is also strong, which is in line with the development trend of the low-carbon economy. On May 26 this year, the Ministry of Finance website issued a document stating that the country will grant a one-time fixed subsidy of 3,000 yuan per vehicle to consumers who purchase 1.6 liters or less of energy-saving passenger vehicles (including diesel vehicles), which is given to diesel vehicles. Development policy support. Currently, Yunnei’s monthly passenger car diesel engine has a factory volume of 1,000 units, which is mainly used to support JAC Eagle and Dongfeng. However, the planned capacity of the company is 200,000 units, and there is still much room for improvement in the future.
Company: No substantive progress has been heard
Another analyst who has long been concerned with the movement of SAIC also told reporters that SAIC executives had stated at the annual general meeting of shareholders that they would not increase the vehicle production capacity, but instead should focus on the development of the parts and components industry chain. Therefore, SAIC Motor stated in its annual report that it will spend 5 billion yuan for industry consolidation and it is very likely that it will acquire parts and components companies. If SAIC eventually acquires Yunnei Power, then SAIC's industrial chain in all aspects will tend to improve. However, considering that the actual controller of Yunnei's power is Kunming SASAC, SAIC may encounter some difficulties in the overall merger of Yunnei's power.
Subsequently, the reporter called Yunnei Power as an investor. The staff of the company's directorate office told reporters that the company has been paying attention to the news about the company's marriage with SAIC in the near future. However, "it has not yet been heard that there has been substantial progress. ."
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