Anhui An Kai Bus: What has it experienced from a luxury bus leader to a sustained loss?

How did An Kai buses start and decline? Let's talk today.

the history of An Kai buses can be traced back to 1966.

In July of that year, Anhui State-owned Feihe Automobile Repair Factory was established, with the main task of repairing automobiles and producing five kinds of simple automobile parts. After three years' development, Feihe Automobile Repair Factory has been able to produce 6 assemblies and 32 kinds of accessories for 5 models.

in p>197, it was renamed Feihe Auto Parts Factory. In September of the same year, two Jianghuai brand HF15 8-ton trucks were successfully trial-produced, and two AH36 dump trucks were trial-produced at the end of the year. In the second year, Jianghuai brand HF15 was included in the national plan, with an annual output of 2 vehicles.

in the next ten years, the main job of feihe auto parts factory was to produce jianghuai brand HF15 trucks. In 1979, the annual output was 87, and in 1985, it had the annual output of 15 Jianghuai HF15.

during this period, many things happened in feihe auto parts factory. In 1975, it was renamed Hefei Feihe Automobile Factory, and was incorporated into Anhui Automobile Industry Company in the same year.

in p>1981, production of HF68, BK651 and BK67 bus chassis began. In the second year, on the basis of Jianghuai HF15 automobile chassis, combined with Hefei Mining Machinery Factory, HF352 7-ton dump truck was trial-produced, which passed the provincial technical appraisal at the end of the year and was mass-produced in 1983.

also in 1983, feihe automobile factory trial-produced jianghuai HF15A long-wheelbase truck, and won the excellent design award at the national automobile exhibition.

In that year, Feihe Automobile Factory produced 1,1 cars, with an industrial output value of 41.82 million yuan and profits and taxes exceeding 1 million yuan, making it the first profitable enterprise in Anhui's mechanical system. In 1984, Feihe Automobile Factory paid 1 million yuan in profits and taxes, and three economic indicators ranked first in the national heavy-duty automobile industry, winning the Golden Cup Award for economic benefits.

For a long time, the main business of Feihe Automobile Factory was to produce trucks and bus chassis, and with the development of the times, bus chassis gradually occupied a dominant position.

In p>1987, Feihe Automobile Factory produced HFF682 bus chassis based on Steyr 91 series technology. In 1989, 11 kinds of special chassis for high-grade buses and double-decker buses were developed.

Later, Feihe Automobile Factory was no longer satisfied with only producing bus chassis, but also began to produce buses by itself, including HFF612KS double-decker buses.

In p>1993, Feihe Automobile Factory signed a SETRA technical cooperation agreement with Kesbauer Company of Germany to introduce S215HD luxury buses. The following year, the first domestic full-load luxury bus, Anhui Caspar S215HD, came out.

it introduced facilities such as toilets, televisions and telephones into buses for the first time, and became the most luxurious domestic buses at that time. Of course, the price of this car is also very high, more than 2 million yuan.

in p>1995, feihe automobile factory was renamed as Anhui ankai automobile group co., ltd. An Kai is the abbreviation of Anhui Casbauer.

two years later, ankai automobile group initiated the establishment of Anhui ankai automobile co., ltd., which was listed on Shenzhen stock exchange in July of the same year, raising 328 million yuan. Also in this year, An Kai shares registered the trademark of An Kai.

It is worth mentioning that during this period, Ankai Automobile Group also established Anhui An Kai Vehicle Manufacturing Co., Ltd. The bus chassis produced by An Kai Co., Ltd. are basically sold to this company. After the restructuring in 25, it began to operate independently of Ankai Automobile Group. Later, it was renamed as Anhui Star Khyron Bus Co., Ltd. and reorganized by Hefei Zhonghang New Energy Technology Co., Ltd.

let's continue to talk about An Kai.

in December p>21, An Kai and Germany reached the second round of cooperation agreement, and introduced SETRA? S315HD luxury bus. Also in this year, An Kai launched a new generation of luxury passenger cars, such as 689K17, 6892K18 and 611K5, with luxury bus products of 12m, 1m, 9m and 8.5m..

in the following year, An Kai built the largest and most advanced luxury bus production base in China at that time, and successfully completed the safety rollover test. However, in 22, due to the single product and fierce competition, the price was lowered, and An Kai's shares lost nearly 4 million yuan.

An Kai adjusted its strategy in time, applied full-load manufacturing technology to the field of city buses, and developed series of city buses such as GK5, GK15, GK61, GK63 and GK64. In addition, K55, WK33 and WK62 operating buses and K57, K58 and K59 tourist buses have been developed. An Kai also turned a profit in 23, selling more than 2, buses and chassis annually.

since then, the equity of ankai automobile co., ltd. has changed. In 23, An Kai Group transferred 26% of its shares to Anhui Investment Group Co., Ltd., and transferred the remaining 28.118% to Jianghuai Automobile Group in 24. At this point, An Kai Group and Ankai Automobile Co., Ltd. drew a clear line completely, while Jianghuai Automobile Group became the largest shareholder of An Kai.

But Jianghuai didn't bring "good luck" to An Kai. In 26, An Kai lost money again, and the amount was as high as 118 million yuan. In the following years, An Kai's annual net profit hovered between 2-3 million yuan, and it was not until 21 that it finally broke through 8 million yuan. Also that year, the annual output of Ankai Automobile exceeded 1, units.

From 21 to 216, the sales volume of Ankai Automobile exceeded 1, units for seven consecutive years, reaching a maximum of 12,4 units, ranking fourth among similar buses. The annual net profit once reached 119 million yuan, with an average annual net profit of 53.6 million yuan. During this period, An Kai launched a number of new products, including HFF6127K46EV, HFF693KZ-8, HFF6124K4, HFF61LK1D, HFF61G3PHEV, etc., and won many awards, such as BAAV? Annual environmental bus award, AAV? Comfort bus award of the year, etc.

However, by 217, due to the changes in the market environment, the increasing competition and the adjustment of the new energy subsidy policy, An Kai took a sharp turn for the worse, and its sales volume dropped to 8,717 units, with a loss of 23 million yuan. In 218, it continued to decline, with sales of 7337 units and a loss of 893 million yuan. In 219, relying on the new energy subsidy of 557 million yuan, An Kai finally turned a profit of 33.62 million yuan, while the sales volume continued to drop to 5,692 units.

Also in 219, CRRC Investment Corporation acquired 21.3% shares of Ankai Automobile Co., Ltd. from Jianghuai Automobile Group and Anhui Pitcher Head, becoming the new largest shareholder.

However, the situation in An Kai has not improved.

according to the performance forecast released by An Kai, it is estimated that it will lose 35-5 million yuan in the first half of 22. Moreover, this is the figure after receiving government subsidies and transferring 4% equity of Shuguang Axle in Futian, An Kai, Anhui. Without these, An Kai's loss in the first half of the year has exceeded 1 million yuan.

The former leader of luxury buses in China pushed himself into a corner. (Text/Car Totem)

This article comes from the author of Chejia, car home, and does not represent car home's standpoint.