Stock abbreviation: Liaoning Sg Automotive Group Co.Ltd(600303) securities code: 600303 No.: pro 2022-007 Liaoning Sg Automotive Group Co.Ltd(600303)
Risk suggestive announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.
On January 14, 2022, Liaoning Sg Automotive Group Co.Ltd(600303) (hereinafter referred to as “the company”) held the “explanation meeting for investors on purchasing Tianjin Meiya assets”. Now, some matters of concern to investors in the explanation meeting are explained as follows. Please invest rationally and pay attention to investment risks:
1、 Description of the company’s transformation and production of new energy vehicle business
Whether the company can successfully enter the field of new energy passenger vehicles, expand the business of new energy passenger vehicles and the smooth implementation of relevant plans and arrangements is uncertain. Whether the product quality of new energy passenger vehicles meets the standards after mass production, and there is a risk that the product market development is less than expected and less competitive. Whether the new source passenger vehicles produced can bring economic benefits to the company and whether the transformation and production of new energy vehicles can succeed are uncertain. Please pay attention to the risks.
2、 Description on production of hydrogen powered passenger cars
As of the disclosure date of this announcement, Dandong Huanghai Automobile Co., Ltd., a subsidiary of the company, has not completed the trial production of hydrogen powered buses, the sample cars have not been mass produced, the company has not received any orders, and the market competitiveness and sales prospect of the products are uncertain. Please pay attention to the risks.
3、 Description on the use of blade batteries for the models to be produced by the company
As of the disclosure date of this announcement, the company has not made any contact with Byd Company Limited(002594) company, has not reached cooperation intention with the supplier on the purchase of blade batteries, and has not signed relevant agreements with it. Please pay attention to the risks.
4、 Description of products of 4WD Electric drive axle, coaxial direct electric drive axle and aluminum alloy frame
1. 4WD Electric Drive Axle
The company sold more than 1600 sets in 2021, with a sales amount of about 5 million yuan, accounting for less than 1% of the annual sales revenue in 2021. As of the disclosure date of this announcement, the company has not received the customer’s order information. Please pay attention to the risk.
2. Coaxial direct electric drive axle
This product has been developed and is in the stage of waiting for customer verification. As of the disclosure date of this announcement, there is no mass production, and the subsequent prospect is uncertain. Please pay attention to the risks.
3. Aluminum alloy subframe
In 2021, the company has completed the technical research and development of aluminum alloy subframe. As of the disclosure date of this announcement, the company has not met the conditions for accepting customer orders, and has not accepted any orders at present. Please pay attention to the risks.
It is hereby announced.
Liaoning Sg Automotive Group Co.Ltd(600303)
January 16, 2022
