Last year, Cyrus sold 150,000 new energy vehicles, and its subsidiary Ruichi Electric increased its capital in the second round.

On the evening of January 1st, Cyrus (601127) announced the production and sales express in December 2023. In that month, the company sold 42,141 new energy vehicles, a substantial increase of 153.21% year-on-year. Among them, for the first time, the monthly sales volume of Sailis AITO series exceeded 30,000 units, reaching 31,490 units, a record high, with a year-on-year increase of 210.03%.

From January to December this year, the sales volume of new energy vehicles reached 151,798, a year-on-year increase of 12.40%; Among them, the sales volume of "Sailis" brand car AITO series was 106,703, up 33.31% year-on-year.

Sailis also announced that its Ruichi Electric started the second round of capital increase, and seven companies including Liangjiang Fund invested 1.54 billion yuan in shares.　

A: The delivery of the new M7 exceeded 20,000 vehicles in that month.

On December 26, 2023, the flagship SUV of panoramic wisdom & mdash; — The M9 of AITO is listed, and it is also the highest specification model in AITO. Driven by this, the new M7 delivered by AITO in the same month exceeded 20,000 vehicles.

AITO asked the M9 to break through 30,000 vehicles in seven days; AITO asked the community that the new M7 has been listed for just three months, and the cumulative number has exceeded 120,000. Celestial Automobile has obtained L3 autopilot test license, becoming the only automobile enterprise that has obtained L3 autopilot test license in Chongqing and Shenzhen at the same time.

At the same time, Cyrus Smart Factory took the lead in introducing the world’s leading super-large 9000T integrated die casting machine, and used it for the first time on AITO M9. Highly integrated one-piece die casting design, 87 parts can be integrated into one part. At present, the factory has a production capacity of 30,000 vehicles per month, and a new car can be rolled off the assembly line every 30 seconds.

The capital increase price of Ruichi Electric is 10 yuan/share.

Cyrus also announced that after the first round of capital increase introduced the investment of 1 billion yuan from Ganfeng Lithium Industry, Ricci Electric, a subsidiary of Cyrus, started the second round of capital increase and share expansion.

On December 29th last year, the company’s wholly-owned subsidiaries, Sailisi Hubei and Ruichi Electric, signed agreements with Liangjiang Fund, respectively. The above-mentioned seven objects invested a total of 1.54 billion yuan to subscribe for the newly-increased registered capital of Ruichi Electric of 154 million yuan, and the capital increase price was 10 yuan per yuan of registered capital.

Liangjiang Fund subscribed for the newly-increased registered capital of Ruichi Electric with 460 million yuan, Green Fund with 450 million yuan, Xiaokang Holdings with 300 million yuan, Haichen shares with 150 million yuan, Ganzhan Hengyuan with 100 million yuan, BOE Fund with 50 million yuan and Xu Jianqiao (president of Ruichi Electric) with 30 million yuan.

Cyrus said that he would give up the relevant preemptive right. After the capital increase is completed, the share ratio of Cyrus Hubei will be reduced from 66.67% to 44.05%; The share ratio of Ganfeng Lithium Industry will drop from 33.33% to 22.03%, while Chongqing Liangjiang Fund, National Green Fund and Xiaokang Holdings will rank third, fourth and fifth largest shareholders with share ratios of 10.13%, 9.91% and 6.61% respectively.

The board of directors of Ruichi Electric is composed of five directors, of which, Celeste Hubei has the right to appoint two directors, and Ganfeng Lithium Industry, Liangjiang Fund and Xiaokang Holdings have the right to appoint one director respectively.

Ruichi electric zhuanzhu commercial vehicle

According to the data, Ruichi Electric was established in September 2003 with a registered capital of 200 million yuan. The registered place is located in Fusheng Town, Jiangbei District, Chongqing, and it has the qualification to produce commercial electric vehicles. By the end of July 2023, its total assets were 1.924 billion yuan and its net assets were 447 million yuan. From January to July in 2022 and 2023, the operating income was 2.76 billion yuan and 1.155 billion yuan respectively, and the net profit was 130 million yuan and 24.9256 million yuan respectively. The capital increase of Ruichi Electric will all be used for the operation and development of its main business.

Sailis said that Ruichi Electric focuses on the electric commercial vehicle business. The introduction of investors to provide funds for business development is conducive to enhancing its capital strength, enhancing its comprehensive strength and market competitiveness, and promoting its own business development, which is in line with the industrial layout and development strategy. There is no harm to the interests of the company and all shareholders, especially small and medium shareholders.

At the same time, Cyrus also suggested that after this capital increase and share expansion, if the audit institution confirms that Ruichi Electric is no longer included in the scope of consolidated statements, the accounting method of the company’s equity investment will be changed from cost method to equity method, which is expected to bring investment income to the company; If the scope of consolidated statements of the company does not change after confirmation by the audit institution, the introduction of investors this time will not have a significant impact on the annual performance in 2023, which shall be subject to the audit results of the audit institution.

Upstream journalist liuyong Intern Yang Hongyu

Editor: Xia Hongling Editor: Sun Qiongying, Liao Yi Audit: Feng Fei