Is Sino-Innovative Aviation really a scam?Is China Innovation Aviation about to go bankrupt?

According to the 2022 financial report of China Innovation Aviation, the company's net profit has increased by a full five times year-on-year, and its market share has also increased significantly. However, professionals soon analyzed that this is a beautified financial report, and said that China Innovation Aviation Really sucks.

The financial report of China Innovation Aviation shows that the company's gross profit margin in 2022 is only 10.32%, which is even lower than that of second-tier battery companies such as Guoxuan Hi-Tech and Funeng Technology. However, in terms of net profit margin, China Innovation Aviation is higher than them all.

The reason for this phenomenon is that the marketing investment of Zhongxinhang only accounts for 1.4% of the operating income, which is 288 million, which is far lower than that of many battery companies such as Ningde Times, Guoxuan Hi-Tech, and Funeng Technology. The reason why Zhongxinhang can achieve such a low marketing investment is mainly because the company has greatly reduced marketing expenses by accruing less warranty deposits.

Although this approach is not illegal and can increase net profit, there is a high risk. Once the quality assurance amount cannot cover subsequent marketing expenses in the future, it will have a great impact on the company's profits. For shareholders, China Innovation Aviation is walking on the tip of a knife.

In addition, China Innovation Aviation's R&D investment in 2022 has increased by 200% year-on-year to 665 million yuan. On the surface, the increase in R&D investment is a good thing, but there are hidden secrets in it. According to statistics, of the 668 million yuan R&D investment, about 300 million yuan is used for employee salaries. Calculated according to the company's 2,900 R&D personnel, their per capita annual salary is only 103,000 yuan. Not to mention Ningde era, even Guoxuan Hi-Tech , Honeycomb Energy and other companies' R&D personnel are paid much better than China Innovation Aviation.

Finally, China Innovation Aviation's management expenses in 2022 will be 590 million yuan, accounting for only 2.9% of operating income, which is also far lower than that of other peers. It can be seen that China Innovation Aviation is achieving high profits by continuously reducing various expenses. Growth, so some people think that China Innovation Aviation is really a pit.

Is China Innovation Aviation about to go bankrupt?

No, although China Innovation Aviation has the above pitfalls, judging from the market performance, there is no possibility of China Innovation Aviation going bankrupt. In the ranking of global power battery installed capacity in 2022, Zhongxinhang ranked seventh with 20GWh, a year-on-year increase of 151.6%, and its market share increased from 2.6% in 2021 to 3.9%, second only to CATL and BYD among Chinese-funded battery companies .

The ability to maintain high-speed growth actually shows that China Innovation Aviation has good development prospects, and among the new energy vehicles on sale today, more and more models are indeed equipped with China Innovation Aviation batteries. The most important thing is that the company will achieve a revenue of 20.375 billion and a net profit of 692 million in 2022. Both revenue and profit have increased significantly, and it is impossible to go bankrupt in the short term.