On April 29, Zhou Hongyi, the founder of 360% (601360. SH), sold Maybach at a transaction price of 9.9 million yuan for 24 hours. It was reported that the vehicle auction client was affiliated with Beijing Dajue Investment Consulting Co., Ltd., 100% owned by Hu Huan, Zhou Hongyi's ex wife.
In addition, the legal representative of the company was changed from Hu Huan to Dong Jianming on June 20, 2019, who is now the legal representative, executive director and manager of Qihoo 360 Software (Beijing) Co., Ltd., holding 50% of the shares, and also serves as the executive director and manager of Beijing Dajue Investment Consulting Co., Ltd.
It should be noted that although the vehicle auction trustee left the company name, the authorized contact person left his name as Zhang Peng. According to Tianyan, Zhang Peng served as the supervisor of Qihoo 360 Software (Beijing) Co., Ltd., holding 50% of the shares.
According to the authorized telephone number of the trustee left on the Maybach auction conclusion confirmation sheet, the First Financial reporter called Zhang Peng, but the other party replied "wrong number".
As of press release, 360 has not given a clear reply on the specific ownership of the Maybach before it was auctioned.
Disputes over property rights of 9.9 million Maybach before auction
The document information provided by the second-hand car dealers participating in the auction and the final contract page show that the name of the owner of the auction target is "Beijing Dajue Investment Consulting Co., Ltd.". According to Tianyan, the company's shareholder is Hu Huan, who holds 100% of the shares, and the latter is Zhou Hongyi's ex-wife.
On April 4, 2023, 360 Group issued a suggestive announcement on changes in shareholders' equity. Mr. Zhou Hongyi, the chairman of the company, and Ms. Hu Huan dissolved their marriage through friendly negotiation, and made relevant arrangements on share splitting and other matters.
360 said that Mr. Zhou Hongyi, Chairman of the Group, and his wife Hu Huan did dissolve their marriage in a friendly way. This is a personal relationship adjustment. The adjustment will not lead to changes in the controlling shareholders and actual controllers of the company. The actual controller of 360 Group is still Mr. Zhou Hongyi, with 52.45% voting rights.
With regard to the ownership of the vehicle, the reporter from China Business News called the Secretary's Office of the Board of Directors 360, and the other party replied: "In terms of ownership and actual use rights of the vehicle, the law should also be defined according to the actual situation. This vehicle has been 'driven' by Zhou Hongyi for nine years.".
Liu Anbang, partner of Deheng Law Firm, told reporters that based on the objective fact that the two parties have divorced, if the property division between the two parties ends and the vehicle belongs to Hu Huan's 100% holding company, then the ownership of the vehicle should belong to Hu Huan. If both parties have signed relevant agreements on vehicle ownership and auction, they shall comply with the agreement. At the legal level, on the premise that the vehicle is not mortgaged, as long as both parties agree, there will be no other legal issues.
As for the right of use, Liu Anbang told reporters that, at the legal level, the ownership is the ownership and the right of use is the right of use. The two concepts should not be confused, and the right of use should not be used to determine whether there is auction qualification.
In addition, it should be noted that in addition to Zhou Hongyi's ex-wife, the owner's client's affiliation with the company and the client's authorized phone number also involve two 360 senior executives.
According to Tianyan, the legal representative of Beijing Dajue Investment Consulting Co., Ltd. was changed from Hu Huan to Dong Jianming on June 20, 2019, who is now the legal representative, executive director and manager of Qihoo 360 Software (Beijing) Co., Ltd., and the executive director and manager of Beijing Dajue Investment Consulting Co., Ltd. From August 2006 to November 2020, Dong Jianming served as the manager of the 360 Administrative Department.
In addition, the authorized contact person for vehicle auction entrustment is named Zhang Peng. According to Tianyan's information, Zhang Peng serves as the supervisor of Qihoo 360 Software (Beijing) Co., Ltd., holding 50% of the shares.
Up to now, the information obtained shows that the 2015 Maybach S600, which was "driven" by Zhou Hongyi for nine years, was more likely to belong to the company's assets before Zhou Hongyi and Hu Huan divorced. However, what is not clear at present is the property delivery situation after the divorce of both parties. Previously, the announcement of the company was mainly about the share split.
According to the reporter, the proceeds from the auction of Maybach on the 28th and the rewards from the live broadcast room on the same day will be donated to the Jiusan Wang Xuan Care Foundation after deducting the corresponding taxes. In addition, the auction buyer (the bidder who bought the auction object at the highest bid) will get the opportunity to have dinner with Zhou Hongyi once a year in the next three years. The final auction buyer (the bidder who bought the auction object with the highest bid) is Chu Zhenliang. According to his personal page, Chu Zhenliang is currently the executive chairman of Beijing Automobile Circulation Industry Association.
Main business
Recently, Zhou Hongyi's personal network has reached a new height of popularity. After the auction last night, 13.526 million people liked him in the live streaming room. At present, he has 5.938 million fans on his twitter account and 11.518 million fans on his microblog.
At the Beijing Auto Show last week, Zhou Hongyi even climbed directly onto the roof of an off-road vehicle, was photographed on the Internet, and was ridiculed by netizens as "the oldest model in the auto show". In response to the popularity of the Internet, Zhou Hongyi explained that "top stream" is a victory. He is going to promote domestic new energy vehicles and intelligent Internet connected vehicles. He hopes consumers can see the progress of domestic vehicles in recent years. "So I want to sell my foreign luxury car brand, which is actually a symbolic meaning. It means that I want to support the domestic automobile industry, so it is not top class. Everyone is curious and interested in this matter."
In addition to focusing on new energy vehicles, Zhou Hongyi has also made a strong voice for the big model industry recently. He said at the Zhongguancun Forum that there are two ways to develop the big model. In addition to becoming bigger, he can also become more specialized. The big model is not a bubble and will lead a new round of industrial revolution.
Compared with the popularity of the network, it is the recent performance of 360% loss. On April 19, 360 Group released its 2023 financial report. The data shows that the company's revenue in 2023 will be 9.055 billion yuan, 4.89% less than that in 2022; The net loss was 492 million yuan. The net operating cash flow was 924 million yuan, up 65.84% year on year, and the R&D expense was 3104 million yuan, accounting for 34.28% of the revenue; The gross profit rate of main business is 60.35%.
At the business level, 360's revenue is mainly composed of Internet business, digital security business and intelligent hardware business. Among them, the Internet business mainly takes traffic as the entrance, forming Internet commercialization business represented by Internet advertising and services, and Internet value-added business represented by Internet products and game distribution.
During the reporting period, the company's revenue from Internet commercialization and value-added services totaled 5.62 billion yuan, down 2.95% year on year, mainly due to a 4.00% year-on-year decline in Internet advertising and service business, which declined 25.32% year on year in 2022 and 16.06% year on year in 2021. The revenue of 360 security and other related businesses was 1.765 billion yuan, down 1.48% year on year. The operating revenue of intelligent hardware business during the reporting period was 1.57 billion yuan, down 16.80% year on year.
The financial report shows that among the top ten shareholders of 360, Zhou Hongyi and Hu Huan did not change their shares except for the share split at the time of divorce. On April 4 last year, the 360 announcement showed that according to the Divorce Agreement signed between Zhou Hongyi and Hu Huan, Zhou Hongyi planned to split his 446.5 million shares (about 6.25% of the total shares of the company) directly held by him into Hu Huan's name.
At that time, 360 announced that Zhou Hongyi, as the actual controller, promised not to reduce his holding of 360 shares in the next 12 months from April 4, 2023. Hu Huan, who holds 5% of the shares, also promised not to reduce her shares within six months from April 4, 2023. As for the next 6 to 12 months, Hu Huanhui will not be excluded from reducing the shares of the company, and promises that the amount of reduction will not exceed 1.25% of the total share capital of the company, and will maintain the status of major shareholder with a shareholding ratio of no less than 5%.
It is worth noting that when the divorce was announced last year, 360's share price closed at 20.08 yuan. Today, 360's share price closed at 8.67 yuan. In less than a year, the company dropped 57%.
Editor in charge: Liu Guangbo
