Field Visit to "sky High Price" Parking System: Company Emergency Meeting - Tigerwong

1、 Discussion and analysis of operation. The company's parking lot system achieved an operating revenue of 5.979 billion yuan in the first half of 2018. The net profit attributable to the shareholders of the parent company was 125 million yuan. 1. New energy sector. Now it has been gradually delivered to users. The company has created a number of products with market characteristics on the platform of 820650 model. During the speech period, we continued to strengthen the development of institutional customers. The 650ev driving school car and the first manual pure electric intelligent driving training car developed by the company have fully realized the simulation of radical manual fuel vehicle of pure electric car from the aspects of driving feeling, engine sound, shift feeling and clutch control. At present, it is gradually being delivered to the driving school. It has many functions, such as safe service, positioning and navigation, wireless key, one key so vehicle condition monitoring, tachograph, perception of internal and external environment, etc. Using the car networking data provided by the car networking platform products, the car networking platform independently developed by the company has obtained the national standard qualification certification of platform interconnection. It can support various business operations such as car rental, battery charging / replacement, parking lot charging, vehicle monitoring, vehicle maintenance, vehicle value-added and so on. The self-developed new energy vehicle power battery big data system "was listed as the first batch of Chongqing industry and informatization special fund projects in 2018. Chongqing hope car rental Co., Ltd. (hereinafter referred to as "hope to use cars" cumulative number of users exceeded 3 million in the first half of 2018. Currently, the largest number of registered domestic users in the time sharing rental project is also the first domestic third party credit exemption travel project; currently the only way to achieve the "three yards" on Alipay, WeChat and so on, "scan the code to use the car". Project, and continue to lead the whole new energy vehicle sharing travel industry in terms of daily average operating mileage, daily average operating hours, daily average sharing frequency and other operating data of single vehicle. 2 passenger car sector. As well as the parking lot system launched in the second half of the year, pure electric SUV Maiwei EV and pure electric MPV xuanlang ev. With the comprehensive adjustment and transformation of product line, in the first half of 2018. With the vigorous promotion of the state New energy. The company has carried out comprehensive transformation and upgrading according to the characteristics of its own automobile products. It has successively launched 650ev820ev pure electric car and Fengshun EV Xingshun EV pure electric logistics car. Lifan automobile will launch household new energy vehicles that better meet the needs of consumers in the market. The market attention has not decreased. The company has carried out comprehensive analysis, optimization and upgrading of 1.5T powertrain, so as to comprehensively improve its competitiveness Product technology and quality of fuel vehicles. 3 motorcycle sector. The company's motorcycle products have successively launched four national standard products such as v16ab version) kp250, kpt200kpm200 and scooter Huayun. Kpt200 motorcycle products of the company won the 2017 China Motorcycle annual model award, and kp250 motorcycle products won the 2017 China annual most anticipated model award. During the speech. 4. Financial aspects. Chongqing Lifan Finance Co., Ltd. completed the capital increase within 1 speech period. The registered capital increased from 1.5 billion yuan to 3 billion yuan. After this capital increase, Lifan finance company will further expand new business, improve financial service level and enhance anti risk ability. The non-performing asset ratio and non-performing loan ratio are zero. Lifan finance company's financial indicators such as operating revenue and net profit in the first half of the year increased compared with last year. Lifan financial leasing (Shanghai) Co., Ltd. has leased assets of nearly 3 billion yuan. In the first half of the year, Lifan financial leasing company continued to increase the development of car leasing business, and within the second speech period. The investment volume increased by 237% year-on-year, further controlled risks, strengthened cooperation with financial institutions and similar financial institutions, and ensured the dredging of capital channels. 2、 Analysis of core competitiveness during the speech period. Adhering to the independent innovation, intelligent and international development route, the company adheres to the business philosophy of "innovation, import and good reputation". Build an intelligent industrial chain and global marketing network layout. Innovation: relying on 650820 models, the company has developed and distributed a number of new energy models during the speech period. Strong market adaptability will further enhance the market competitiveness of Lifan new energy. The range of 650ev model under comprehensive working conditions can exceed 300km. The model also adopts an advanced battery constant temperature thermal management system, which can effectively improve the service life and prolong the service cycle of the battery. The company introduced new products such as delivery trolley and electricity peddler cabinet, which combined the advantages and disadvantages of distributed energy station, electric Inn and centralized energy station. Explore the market situation with an easy to produce and fast charging version of the delivery tram, and then take the safe, reliable and widely popularized electric selling cabinet as the main R & D direction. At the same time, the electric selling cabinet integrates charging, power exchange and energy storage, so as to develop the electric selling cabinet in the direction of market diversification. The industry's first practical BM product using wireless transmission technology. Time division wireless communication is adopted between BM main control terminal and acquisition terminal, and the battery management system is developed by the company. It saves the space in the car and facilitates the structural design in the car body and the interface design of the battery pack; Because BM adopts wireless communication mode, it is safer and more reliable. The product is suitable for both power exchange mode and charging mode. The BM products of wireless oasis have been mass produced and successfully applied to all new energy electric vehicles of Lifan. The braking force distribution of front and rear brakes is accurately controlled. The company takes the lead in developing motorcycle wireless charging technology for mobile phones in China. Take the lead in launching CB linkage braking technology. Maximize the braking capacity of the two brakes, reduce the braking distance by more than 20%, and solve the problem of potential safety hazards of ordinary users for braking before use. In terms of import: motorcycle products are exported to more than 160 countries and regions, and the company's passenger car products are exported to more than 60 countries and regions. The parking lot system has set up a complete and naive sales and service channel in the overseas market. The sales volume of Lifan automobile in Russia ranks first in the sales volume of Russian and Chinese independent brands. From January to June 2018, the company ranked third in the motorcycle import industry. Credit: the company's credit rating is AA. By the end of June 2018, it had been comprehensively evaluated by united credit rating Co., Ltd. The total amount of credit granted by the company under the consolidated criteria is RMB 17.597 billion. Among them, the used credit line of the company is RMB 12.187 billion and the unused credit line is RMB 5.410 billion. 3、 Possible risks. 1. Macroeconomic risks. So as to curb automobile consumption demand. The lack of domestic private and manufacturing investment power, the rise of trade protectionism, the adjustment of national policies and the instability of the international market may have a beneficial impact on the automobile market. Risks and hidden dangers in the financial sector are prominent, overcapacity is still prominent, and the real economy is still not optimistic. 2. Industry risk. Emission and safety regulations are upgraded from time to time; With the rapid development of intelligent interconnection, big data and other technologies, the pressure on environmental protection has increased. Internet companies have entered the automobile industry to change the radical business model of automobile. It forces the technology upgrading of automobile and motorcycle enterprises, resulting in an increase in operating interest and increasing the company's investment and operating pressure. The adjustment of new energy subsidy policy in 2018 has refined and strengthened technical indicators and increased subsidy gears, which may increase the company's R & D investment. 3. Risk of exchange rate fluctuation. May affect the company's exchange gains and losses. International political and economic factors lead to the increase of exchange rate volatility. The company will mainly take the following measures to deal with the above risks. Create differentiated products and optimize product structure. 1. Suvmpv model is used for fuel vehicles and high-performance leisure locomotive is used as the breakthrough point for motorcycles. At the same time, consumer finance provides support for sales. The domestic market will continue to sink, and the overseas market will strive to develop emerging markets while maintaining the existing market. In the future, we will continue to increase investment in environmental protection and production technology. 2 company has always suggested the environmental protection concept of energy conservation and emission reduction, green and low carbon. Meet environmental protection requirements and reduce production energy consumption through intelligent production process. Innovate from time to time, improve the performance of new energy vehicles, increase mileage, improve intelligence level and other key indicators, and enhance the market competitiveness of new energy vehicles.