Sina Finance News Foton Motor The company’s operating transcripts for 2019 were disclosed recently. The company’s operating income was 46.966 billion yuan, an increase of 14.40% year-on-year. It benefited from the divestiture of Baowo Automobile, which achieved a loss for the whole year and recorded a net profit of 192 million yuan ‘S net profit is still at a loss, […]
Tag: Baowo
Bauwo is in danger, a torn wound The negative impact of Ruixing Coffee has led to financial institutions and suppliers running out of signs. UCAR said that if a run occurs, it will cause great pressure on the company’s cash flow and even affect the normal continued operation. Article ｜ Zhao Jianlin Zhu Yun After the “Blowing Bubble” of Ruixing
Source: Automobile Commune Author: ZhengLu Zhengyao’s fourth capital story about Baowo is estimated to be unmovable, and the game of drumming and passing flowers comes to an abrupt end. As we all know, Lu Zhengyao sells both coffee and cars. This Fujianese businessman is in the center of public opinion Rui Xing The head of coffee is also the helm
The impact of Ruixing Coffee’s counterfeiting incident on UCAR still did not stop. On April 21st, after the suspension of trading for 2 weeks, China Automobile, after the stock transfer system resumed the transfer, reproduced the flash crash, and the stock price fell more than 28% on the same day. For two consecutive trading days, the price of China UCAR
28% rebirth! Two days plunge 44%, the market value evaporates 15 billion! >> Read More
Source: China Fund News The impact of Ruixing Coffee’s counterfeiting incident on UCAR still did not stop. On April 21st, after the suspension of trading for 2 weeks, China Automobile, after the stock transfer system resumed the transfer, reproduced the flash crash, and the stock price fell more than 28% on the same day. For two consecutive trading days, the
The car rental company Shenzhou is still the only stable and profitable business in China. After Lu Zhengyao abandons his car to save his car and survives with a broken arm, what will the Chinese department do in the future? Perennially started by imitating, lacking core profitability, burning money to make a big business, and blindly making a big ecology.
Under the shock wave of Ruixing, can the Chinese Department pass? >> Read More
Original title: Ruixing Coffee burst into thunder, now it is Baowo ’s turn to panic. Source: Car Headline Since the “financial fraud” exploded, Lu Zhengyao and his commercial territory seemed to start to collapse. On April 2nd, Eastern Time, Ruixing Coffee “self-reported family ugliness” actively disclosed its counterfeit transaction value of 2.2 billion yuan in Q2-Q4 in 2019. As soon
Ruixing coffee thundered, now it is Baowo ’s turn to panic >> Read More
“Now China and Rui Xing With such a serious capital chain problem, I doubt that the car I bought can still be delivered. “Wang Ming (pseudonym) is currently in a hurry for the rights protection of Baowo Auto. He purchased a Baowo BX3 through the new retail platform of Baowo Auto at the end of February this year. However, two
Ruixing coffee fraud caused Baowo and China to fall into a joint effect >> Read More
Shenzhou Car Rental will be sold, what is left of Lu Zhengyao? Ruan Xiaoqin In the evening this evening, UCAR stated in its reply to the second inquiry of the National Equity Transfer Company that the company has already experienced financial institutions and supplier runs. If a run occurs, it will cause great pressure on the company’s cash flow. Due
Shenzhou Car Rental will be sold. What is left of Lu Zhengyao? >> Read More
Original title: China Automobile said it was hit by Ruixing ’s 2.2 billion financial frauds The 2.2 billion financial fraud incident has caused an impact on the entire China Department.UCAR said today that due to the negative impact of the Ruixing Coffee incident, there have been runs of financial institutions and suppliers. The company is actively communicating with all parties
UCAR said it was hit by Ruixing’s 2.2 billion financial fraud >> Read More
Acquiring Baowo to ruin Ruixing Coffee Source: Alpha Workshop Lead: How does American coffee become poisonous coffee? There is an old saying in the domestic capital circle, 80% of the scammers were not scammers at first, but they had too many ideas and too much play. During the rapid expansion process, once a loophole occurred in a link and caused
At the end of January, the short-selling agency Muddy Water received an 89-page anonymous report, pointing directly Ruixing Coffee The company’s financial and operational data are being fabricated. Ruixing Coffee immediately responded and denied it. However, on April 2, Ruixing Coffee disclosed that the company’s transaction volume increased by 2.2 billion yuan from the second quarter to the fourth quarter
Original title: UCAR denied that the acquisition of Baowo involved in the transfer of benefits, saying that it is an independent operation with Ruixing Coffee Source: Lei Di Network Was also questioned.UCAR recently clarified the acquisition of a 67% stake in Beijing Baowo, the guarantee of Beijing Baowo’s loans, 5.95 billion yuan of debt and its relationship with Ruixing Coffee.UCAR
Original title: China UCAR Response: Operating independently with Ruixing, there is no interest transfer for the acquisition of Baowo (Observer Network / Qiu Shui Editor / Xu Zhe) According to the Observer Network car channel previously reported, after Luckin Coffee thundered, Chairman Lu Zhengyao ’s car travel platform, China Automobile, also faced the risk of domino collapse. On April 8,
China UCAR responds: independent operation with Ruixing >> Read More
Two months of reversal added value more than 100 million? The supervision of the three major tortures is pressing China’s UCAR … After Ruixing Coffee ’s financial fraud was exposed, this week the news surrounding the China Department continued. There have been media reports that Ctrip and Geely want to buy Shenzhou Car Rental, and the most exciting thing is
Original title: Ruixing Domino’s dominoes collapsed, now it is Baowo’s turn (Observer Net / Qiu Shui Editor / Xu Zhe) Since Ruixing Caffeine’s self-exposure financial fraud caused the stock price to plummet, this company with the label of “Internet Coffee” has faced the biggest survival crisis since its establishment. In fact, Ruixing is only the first domino to be pushed.
Original title: Lu Zhengyao’s “Shenzhou Department” is also urgent: Baowo’s 4 billion assets are in debt and the rumor factory is closed Source: Baowo Automobile’s official website Sino-Singapore Jingwei client April 10 (Fu Yumei) Recently, the incident of Baowo Automobile continued. On April 9, BAIC Foton disclosed the announcement on Baowo Automobile’s arrears. The latest progress shows that Baowo will
Lu Zhengyao’s “China Department” is urgent again: Baowo’s 4 billion assets are in debt >> Read More
Original title: China Automobile reduced its holding of China car rental to pay off debts The incident of Ruixing Coffee’s financial fraud and the aftermath of the stock of the China Department continued. On the morning of April 9, Shenzhou Car Rental issued an announcement saying that at the request of certain Shenzhou UCAR lenders and according to the terms
UCAR China reduced its car rental to pay off debts >> Read More
Original title: Jiang Bojing: Baowo is the straw that crushed Ruixing? Source: Sina Finance Financial opinion leader columnist Jiang Bojing As a teenager, there was a “Wine and Coffee”, who knows that there are cars and coffee now. Coffee and cars are things that have nothing to do with each other, but today’s Baowo Automobile and Ruixing Coffee are “grasshoppers
Jiang Bojing: Baowo is the straw that crushed Ruixing? >> Read More
30 seconds fast reading “The company has been running too fast in the past two years, causing a lot of problems, and now has fallen hard, I as the chairman of the board blame!” April 5th, Ruixing Coffee Chairman Lu Zhengyao issued a response to the financial fraud incident. Fortunately, it was not just a person who fell, and it
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