The rescue of the city has become the main task of FAW Xiali at this stage.
Following the loss of 480 million yuan in 2013, FAW Xiali’s 2014 results once again broke a huge loss of 1.65 billion yuan. Due to losses for two consecutive years, the Shenzhen Stock Exchange implemented a delisting risk warning for the company, and the stock short name will be *ST.
FAW Xiali's board of directors believes that product upgrades and structural adjustments have not kept pace with the automotive market demand and the macro-environmental changes, which is the reason for the company's large losses and current liabilities in 2014. The company's board of directors and management have already formulated measures for improvement in 2015. The key to ensuring the company's continued, stable and healthy development in 2015 is the continuous introduction of new products and the completion of product structure adjustment, as well as Tianjin FAW Toyota Motor Co., Ltd. The completion of the company's business adjustment.
Six self-rescue measures FAW Xiali's main business includes the production and sales of Tianjin Xiali brand sedan, while Tianjin FAW Toyota Co., Ltd. is the company's shareholding company, investing in FAW Xiali, FAW Group, Toyota Motor Corporation and Toyota Motor (China) The company is jointly invested and established at a ratio of 30:20:40:10.
In order to win the warning of withdrawing the delisting risk, the board of directors of FAW Xiali intends to take six measures to save themselves.
Strengthen commodity power, speed up product structure adjustment, and continuously introduce new products to adapt to new changes in market development. This is also the first self-help measure of FAW Xiali management and the board of directors. At present, the important mission of carrying the company's product transformation and upgrading is the SUV product that was launched in October last year - Junpai D60. The board of directors of the company believes that due to the high gross profit margin of the model, it will effectively help the company to improve its profitability and play an important role in changing the company's loss situation. In addition, another entry-level MINISUV will be available in the second quarter of this year.
At the end of last year, the optimization of the marketing management structure of the listed company's sales company was considered to be the key to FAW Xiali's turnaround. In addition, FAW Xiali will adjust the marketing management system, innovate marketing models and methods in a timely manner according to the adjustment of product structure and changes in market conditions, actively expand derivative business, and increase the export of products. Through product transformation to support the transformation of marketing, to ensure the realization of business objectives.
In addition, improving management level, strengthening asset disposal and integration, Tianjin FAW Toyota's new product launch and sufficient liquidity support are also specific measures for the listed company to save itself.
The board of directors of FAW Xiali Company pointed out that in the company's planning, new series of A-class sedan, A-class SUV, Weizhi replacement sedan, electric vehicle, etc., which are at different stages of planning, development or production preparation, will gradually be introduced from 2016. The market will greatly improve the company's product line. "Our company will also speed up the improvement of management system, future planning, human resources, product research and development, technical process, etc. with the strong support of FAW, and continuously improve the company's ability to continue to operate."
Guaranteed Liquidity FAW Xiali Board of Directors pointed out in the self-rescue measures that the company has received support from FAW in terms of operating funds. As of December 31, 2014, the company obtained credit loans of 1.24 billion yuan from FAW Finance through FAW Finance. FAW intends to add 500 million yuan of entrusted loans to the listed company to ensure the normal production and operation of the company.
In addition, in order to meet the daily liquidity turnover needs of listed companies, improve the efficiency of corporate capital use, broaden financing channels, and reduce financing costs, FAW Xiali decided that the amount of entrusted loans from FAW in 2015 will not exceed RMB 1 billion. Not higher than the same-grade loan interest rate obtained by the company in other domestic financial institutions, the accumulated interest interest amount does not exceed RMB 0.5 billion.
FAW Xiali pointed out in the Announcement on Entrusted Loan Related Transactions issued on March 31 that the related party transaction was reviewed and approved at the seventh meeting of the sixth board of directors of the company. The listed company will carefully determine the actual use of the funds according to the actual capital needs and reasonable measurement of the cost of funds. The board of directors decided to authorize the general manager of the company to exercise decision-making power over the above-mentioned entrusted loan business, and sign the relevant entrusted loan documents with a validity period of one year.
FAW was established on June 28, 2011, a joint stock company established by FAW Group and FAW Asset Management Co., Ltd. According to the 2014 annual report of FAW Xiali, FAW holds 47.73% equity of FAW Xiali, which is the controlling shareholder of FAW Xiali. According to the latest financial indicators, the company's total assets at the end of 2014 was 307.8 billion yuan, and the total owner's equity was 153.2 billion yuan. In the report period, the total operating income was 487.9 billion yuan, and the total profit was 59.3 billion yuan.
Nylon Cage Bearing is one type of Deep Groove Ball Bearing with unique nylon cage. It is often used in the mine. has better anti-stuck performance and wider range of temperature than iron cage. In the underground its anti-static performance is also better. It is best cost-effective Bearing For Idler roller.
International market generally use TN nylon retainer and TN(TNGH) nylon retainer with glass fiber, liable to break. The selection of nylon cage is crucial to KA bearing, while the material of nylon cage must be pure and has enough toughness and strength, because the cage will get very soft if it is made of bad material or mixed material, thus to make no anti-stuck performance within the bearing. To get safety certificate for coal mining products must use nylon cage bearing.
Special: Our KA(Nylon retainer) series bearings Obtained MA certification, safety certificate of approval for mining products (rollers) in China. With good performance of anti-seize and anti-static.
Structure Of Our Nylon Bearing
Feature Of Our Nylon Retainer:
1. reinforced nylon retainer, it has good low noise properties and better sliding
characteristics
2. very good corrosion resistance
3. a wide temperature range
4. Product tested by National Coal Science Institute and Provincial Quality Inspection
Center. mine standard in China.
5. Good toughness and strength, good anti-seize performance, constantly used in dusty environment and underground environment.
The design of Ductile crown structure of retainer can effectively remove stuck dust objects
Main Products:
Nylon Cage Bearing
Nylon Retainer Bearing,Nylon Cage Bearing,Molded Nylon Cage Bearing,Polyamide Cage Bearing
Shandong Xinkaite Bearing Co., Ltd. , http://www.idlerbearing.nl