Car companies “cross-border investment in medical treatment”
The epidemic of new coronavirus pneumonia has affected the hearts of people across the country, and various car companies have also taken action stand up.
Most car companies focus on donating money or goods. Some companies work overtime to produce ambulance vehicles. Others provide security vehicles for medical staff, and some even produce ambulances. The country’s first mass-produced “vehicle-mounted N95 mask” vehicle was launched and put into use on the front line of the fight against the epidemic.
Some of these car companies have “accidentally” become the focus of public attention, because although they are car companies, they have begun to “transition” to produce masks.
Don’t worry, car companies have “advantages” in producing masks
On January 31, SAIC-GM-Wuling received relevant requirements from the Guangxi Autonomous Region Party Committee and Government on epidemic prevention and control. The company urgently purchased and shipped back 20,000 medical protective masks from Indonesia and India to support the front line of prevention and control.
However, as the epidemic continues to develop, many countries, including Indonesia, have listed masks as strategic reserve materials and cannot continue to purchase them from abroad and transport them back to the country. This also gave them the idea of ”producing their own masks”.
As the first car company to transition to the production of masks, SAIC-GM-Wuling’s proposal has received strong support from the Guangxi District, Liuzhou City, and Laibin Municipal Governments. From proposing the idea to entering The specific implementation phase took less than 5 days.
The approach they took was to join forces with the upstream supplier Guangxi Defu Group to produce masks by transforming the production line. SAIC-GM-Wuling was responsible for production management, project management, equipment guarantee, and quality control. Provide personnel and technical support in aspects such as packaging and packaging.
In fact, Guangxi Defu Group Co., Ltd. mainly produces NVH sound insulation cotton and other polymer materials and their parts. A private high-tech enterprise, the company has established branches in Liuzhou, Xi’an, and Wuhan, and has established a “Joint R&D Center for Automotive Polymer Sound-absorbing and Insulating Materials” with Wuhan University of Technology. It has mature parts manufacturing and technology research and development capabilities.
Some of the products currently produced by SAIC-GM-Wuling use polypropylene, a high-standard material that can be used for medical supplies, to produce sound-insulating cotton, and this material is also used to produce masks. raw materials.
The raw material for producing masks is mainly polypropylene. The production of polypropylene products with a melt mass flow rate of 33-41g/min can reach the level of sanitary materials polypropylene melt-blown non-woven fabrics. Standard, used in medical surgical supplies, civil hygiene products and other fields.
So in terms of preparation of raw materials and production technology, car companies have great advantages in producing masks. After professional transformation of the production line, production can be started quickly.
Thanks to this advantage, more car companies have also joined the ranks of “self-produced masks”.
On February 6, Zeng Qinghong, Secretary of the Party Committee and Chairman of GAC Group, and his delegation went to Dongguan mask production equipment manufacturer Kuaiyuda to investigate and learn about the manufacturing, assembly and debugging technology of mask production equipment. , to study the technical feasibility of a new mask production line.
On February 8, BYD also announced that the masks and disinfectants they produce are expected to be mass-produced and shipped around February 17.
The government opens a “green channel” to reduce the approval process by half
” We are currently actively preparing for approval and certification, and the government has also opened a ‘green channel’ for scarce supplies.” The relevant person in charge of BYD told Tencent Automobile.
He pointed out that BYD has a professional equipment research and development and technical team, and has upstream raw material resources with long-term and stable cooperation. It has great advantages in terms of raw materials and production technology preparation. Products will also be produced in strict accordance with current national standards.
Tianyancha data shows that on February 7, BYD Precision Manufacturing Co., Ltd. underwent industrial and commercial changes, and its business scope was added to the “research and development, production and sales of medical devices and industrial protective equipment” “. BYD Precision Manufacturing Co., Ltd.’s business scope includes the design and sales of servers, millimeter radars, tablets, wireless and wired communication products and modules, robot drones, Internet of Vehicles systems, and smart factory systems.
Previously, Shanwei BYD Industrial Co., Ltd., a wholly-owned subsidiary of BYD Industry, also changed its business scope, adding “research and development, production and sales of disinfectant products”, etc.
Although car companies have advantages in producing masks, related approvals and quality control are indispensable. . In extraordinary times, the government has also provided unprecedented support to car companies.
“In terms of project approval, we have obtained relevant permission from the government. The government also supports the establishment of a green channel within a controllable range and handles complete qualification verification, approval and certification (including but not Limited to production license, business license, health license, product qualification certificate, medical device operating enterprise license, etc.).”
The relevant person in charge of SAIC-GM-Wuling told reporters that currently With the strong support of the government, the 43 days required for the normal process have been shortened to less than 20 days, and it is expected that all required procedures can be completed by March.
Same as�, Wuxi Hongdou Sportswear Co., Ltd. (hereinafter referred to as the “Sportswear Company”) is a limited liability company jointly invested and established by Hongdou Co., Ltd. and International Company, of which the company holds 60% of the shares and the International Company holds 40%.
The sportswear company was established in December 2018. Its business scope is: production and sales of clothing, clothing, shoes and hats, and bags; sporting goods and equipment, textiles and knitted textiles, Sales of scarves, gloves, and socks; self-operated and agency import and export business of various commodities and technologies, except for commodities and technologies that are restricted by the state or prohibited from import and export. Production of Class II medical devices; production of Class I medical devices; production of special labor protection articles. As of December 31, 2019, the sportswear company’s total assets were 45.2384 million yuan, net assets were 11.5519 million yuan, operating income was 125.2266 million yuan, and net profit was 4.5519 million yuan.
Reporters previously reported that on November 22, 2018, Hongdou Co., Ltd. invested 60 million yuan to establish a sportswear company with its controlling shareholder Jiangsu Hongdou International Development Co., Ltd., the registered place of the sportswear company It is Hongdou Industrial City, Donggang Town, Xishan District, Wuxi City. Its business scope includes the production and sales of clothing, clothing, shoes and hats, and bags; self-operated and agent import and export business of various commodities and technologies.
GM Co., Ltd. was established in August 2002. Its business scope includes tire technology development and technical consulting; manufacturing and sales of rubber products, vehicle inner and outer tires and valves; cord fabric, Manufacturing, processing and sales of button cloth; self-operated and agent import and export business of various commodities and technologies.
General Motors is a company listed on the Shanghai Stock Exchange, of which Hongdou Group directly holds 60.99% of the shares and is the largest shareholder. As of December 31, 2018, GM’s total assets were RMB 4,426,480,700, net assets were RMB 2,667,605,000, operating income was RMB 3,846,881,800, and net profit was RMB 148,171,300.
Hongdou shares stated that giving up the right of priority to transfer 20% of the sportswear company’s equity this time is a decision made by the company based on the current production and operation conditions and future development plans, and will not affect The company’s shareholding ratio and controlling shareholder status in the sportswear company.
General Motors issued an announcement on the evening of February 11th and stated that based on its optimism about the future development of the sportswear company, this investment in the sportswear company uses the company’s own funds to ensure that the company It is implemented under the premise of daily operations and capital security and will not have a significant impact on the development of the company’s main business.
The reporter checked the announcement and learned that General Motors Co., Ltd. is a holding subsidiary of Hongdou Group Co., Ltd., holding a total of 60.99% of the shares. The company was founded in 2002 and was listed in Shanghai Securities in China in September 2016. Listed on the stock exchange, it is a modern high-tech enterprise focusing on the research, development, production and sales of various tires. The main products are all-steel radial tires, semi-steel radial tires and bias tires. Among them, all-steel radial tire products include short-distance industrial and mining tires, medium and short-distance load-bearing tires, medium and long-distance highway transportation tires, light truck tires, etc. according to their usage.
GM’s main products are all-steel radial tires, semi-steel radial tires and bias tires, and it owns “Quanlima”, “Red Rabbit Horse”, “Qima”, ” Many well-known sub-brands such as “Tongyun” and “Xidatong” have excellent brand influence.
The financial report shows that GM’s revenue performance is stable, but its net profit is volatile due to the impact of raw materials. In 2017, the company achieved total operating revenue of 3.765 billion yuan, a year-on-year increase of 8.58%, and net profit attributable to the parent company of 147 million yuan, a year-on-year decrease of 13.40%. The main reason was that the price of upstream natural rubber fluctuated greatly; in the first three quarters of 2019, General Motors achieved Total operating income was 2.61 billion, a year-on-year decrease of 13.4%; net profit attributable to the parent company was 93.905 million, a year-on-year decrease of 19.8%; earnings per share was 0.11 yuan.
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