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Creative pictures / Beijing News reporter Wang Yuanzheng had a net loss of 201 million yuan in the first three quarters, with stocks in hats; the future of transforming new energy is uncertain. On November 4, the company disclosed the production and sales data of October. The company's sales volume in October was 1267, down 65.88% year on year; the cumulative sales volume from January to October was 23246, down 61.1% year on year. Obviously, seahorse has been severely tested by the market. With the continuous decline of sales volume, seahorse automobile is also in a slump in the capital market. After two consecutive years of huge losses, in April this year, the stock of Haima company was subject to delisting risk warning treatment. The stock changed from "Haima automobile" to "* ST Haima", facing delisting crisis, and twice announced the sale of real estate to optimize and activate the stock assets. In an interview with a reporter from Beijing News, an industry insider said that with the increasing competition in the automobile industry, enterprises such as seahorse automobile need to seriously think about how to go next, or they can only be eliminated by the times. The financial report data is more intuitive for the display of business operation. According to the third quarter financial report released by Haima automobile, the operating revenue of Haima automobile in the first three quarters was 3.435 billion yuan, down 15.07% year-on-year; the net loss was 201 million yuan. Among them, the operating revenue in the third quarter was 1.112 billion yuan, and the net loss was 23.2342 million yuan. According to the performance forecast of the first three quarters released by qianhaima automobile, the possible loss in the first three quarters is 164 million-244 million yuan, which is consistent with the actual loss situation. Haima said that in the fourth quarter, the company will continue to increase research and development of new products and new technologies, accelerate industrial upgrading, optimize the overall layout and increase new profit points. Faced with a growing deficit, seahorse is now struggling to survive. In fact, during the bonus period, seahorse also benefited. In 2016, the sales volume of S5 of Haima Motor Co., Ltd. exceeded 10000, and the annual sales volume exceeded 100000, which also helped the annual sales volume of Haima Motor Co., Ltd. to reach 216000. In 2017, the sales volume of Haima automobile was 140000. Although there is a certain gap from the target of 300000 previously set, the sales volume has not yet deviated from the general level of the whole automobile market. In 2018, the annual sales volume of Haima automobile was only 67500, down 51.8% year on year, less than 100000. Seahorse's performance has also been poor since 2017. In 2017, Haima motor lost a net profit of RMB 0.99 billion; in 2018, Haima motor lost a net profit of RMB 1.637 billion, a year-on-year drop of 64.5%. Because of the loss of two consecutive years, in April this year, the stock of Haima company was subject to delisting risk warning, and the stock abbreviation was changed from "Haima automobile" to "* ST Haima", facing delisting crisis. In the face of * ST seahorse delisting crisis, according to the stock listing rules of Shenzhen Stock Exchange, if the company's audited net profit in 2019 continues to be negative, the company's shares will be suspended from listing. In order to activate the stock assets and survive, on April 23 this year, Haima Motor said in the announcement that the board of directors of the company is actively taking measures to eliminate the delisting risk as soon as possible, including plans to increase production and sales, optimize resource allocation, dispose of idle assets, etc. That is, on this day, * ST Haima announced the sale of multiple properties to supplement the company's liquidity. In two announcements on April 23 and May 16, Haima automobile sold 401 sets of real estate. By calculation, * ST Haima's proposed sale of related real estate amounted to 334 million yuan, accounting for 2.91% of the company's audited total assets and 6.84% of the company's audited owner's equity attributable to the parent company; it is estimated that the cumulative impact on the company's net profit attributable to the parent company's shareholders is about 170 million yuan. "This transaction is conducive to invigorating the company's idle assets, supplementing the company's working capital and promoting the company's business development," said Haima. The sale of real estate is only a drop in the bucket, and Haima is thinking about deeper self-help. It is reported that seahorse announced in 2018 that by 2020, the sales of new energy vehicles will account for 30% of the total sales. It is expected that by the end of 2019, electric vehicles with a range of more than 400km will be put on the market; in 2020, seahorse will also launch a new electric variable body platform. In addition, Haima automobile's Qingyan New Energy Technology Co., Ltd. was officially established in August this year with a registered capital of 200 million yuan. Among them, Haima Automobile Co., Ltd. contributed 102 million yuan, holding 51% of the equity; Haima (Shenzhen) Capital Management Co., Ltd. contributed 98 million yuan, holding 49% of the equity. This is also seen as an important step in the transformation of seahorse automobile to new energy. It is understood that as early as July 6 of this year, Haima automobile published the announcement on joint venture and related transaction jointly invested by the company and related parties. At that time, some insiders pointed out that the establishment of Qingyan technology can be regarded as the official landing of the new energy industry of Haima automobile plus code. However, at the same time, the company has not yet released its specific planning and channel sales information. At a time when mainstream vehicle enterprises, including joint ventures, have launched new energy vehicles, the new energy planning of the company is not clear. Today's seahorse car market share in the first tier cities is almost negligible. According to a previous visit by a reporter from the Beijing News, Haima automobile has disappeared in Beijing and Shanghai. There is only one dealer in Guangzhou, and it is located in Zengcheng District, which is far away from the city. For the future of Haima automobile, some analysts have said that Haima automobile once caught up with the golden age of automobile, but Haima automobile, trapped in a fight, did not have core technology. Now, although it has achieved nearly independent status, the future of seahorse is more difficult to predict when the automobile industry is facing a turning point and the whole industry is beginning to decline.