Securities Times reporter Zang Xiaosong

　　Aotejia (002239) became attached to Changan Automobile Group. The matter changed: it was officially announced on Valentine's Day, and they broke up after three days.

　　On the evening of February 17, Aotejia disclosed that it had received a notice from the actual controller Zhang Yongming that Zhang Yongming decided to terminate the planning for this change of control because he could not reach an agreement with Changan Automobile Group on the specific conditions for the transfer of control rights. matter.

The company's shares will resume trading on February 18.

　　The actual controller took over for four years and it is difficult to turn a loss

　　Zhang Yongming has been in charge of Aotejia for four years.

In September 2018, former chairman Wang Jinfei entrusted Zhang Yongming with the proposal rights and voting rights corresponding to the 195 million shares (accounting for 6.23% of the total share capital) of Alloteca he held.

The actual controller of the company was changed from Wang Jinfei to the current chairman Zhang Yongming.

　　At present, the actual controller of Autoga is Zhang Yongming, who indirectly holds 353 million shares, 325 million shares, 62.026 million shares, accounting for 10.91%, 10.03%, and 1.91% of the total share capital, with a total shareholding ratio of 22.85%; superimposed on the 6.02% voting rights of Wang Jinfei, a shareholder who was entrusted with more than 5%, the cumulative share of the company controlled by the company is 28.87%.

　　However, after taking over from Zhang Yongming, the company has suffered losses of more than 200 million yuan in net profit after deduction for two consecutive years in 2019 and 2020.

The 2021 performance forecast shows that the company expects a loss of 45 million yuan to 90 million yuan in 2021, and the net profit after deduction is between a loss of 22 million yuan and a profit of 23 million yuan.

　　Compared with the previous year, the main reason for the loss reduction was due to the expansion of the company's business scope, the relatively full orders, and the increase in shipments. At the same time, the overall recovery of the automobile industry, the good situation of customer collection, and the obvious destocking of the company, so the amount of provision for impairment of accounts receivable decreased year-on-year.

　　However, the company has not yet completely got out of the quagmire of losses: Affected by the successive price increases of various types of freight throughout the year, especially the increase of a large amount of additional air freight, the freight of the company's supply of parts to North American factories remains high, resulting in high non-recurring Sexual loss factor.

At the same time, affected by the U.S. epidemic, the temporary labor costs of U.S. factories have increased; the prices of metals, the main raw materials of the company’s products, have risen and fluctuated at high levels; the critical semiconductor components such as chips have experienced serious shortages and price increases, which have inhibited the company’s shipping capacity and increased the Higher manufacturing costs.

　　Joining the Changan Automobile Group failed

　　According to the announcement on the evening of February 14, the company's actual controller Zhang Yongming and controlling shareholders Jiangsu Tianyou Jingan Investment Co., Ltd., Beijing Tianyou Investment Co., Ltd. and Tibet Tianyou Investment Co., Ltd. have cooperated with China Changan Automobile Group Co., Ltd. (hereinafter referred to as "Changan Automobile Group" ”) signed the “Share Transfer Intention Agreement”, and the actual controller of the listed company may be changed to Changan Automobile Group.

　　Specifically, Changan Automobile Group is affiliated to China Ordnance Equipment Group Co., Ltd., and the actual controller is the State-owned Assets Supervision and Administration Commission of the State Council. It owns 20 secondary enterprises, including Changan Automobile, Jiangling Automobile, Dongan Power, Hunan Tianyan and other listed companies.

　　From the perspective of Aoteca, the company's customers of thermal management products for automotive air conditioning systems include NIO, GM, Ford, Volkswagen, SAIC, Geely, BAIC, Changan, Jaguar-Land Rover and CATL.

During the reporting period, the company continued to provide heat pump air-conditioning system products for many well-known new energy vehicle manufacturers at home and abroad, and maintained a stable business relationship. "According to existing production or design orders, the company's future business growth prospects in the new energy vehicle thermal management market are stable and clear."

　　However, with the disclosure of the announcement on the evening of February 17, the "marriage" between Aotejia and Changan Automobile Group fell through.

Aotejia emphasized that the actual controller's termination of planning for the change of control will not adversely affect the company's future development strategy, business planning, production and operation.

The company will continue to operate steadily and develop sustainably in accordance with the established development strategy.