Core Insights - Shenyang Jinbei held a brand day and product launch event, unveiling its global renewal strategy aimed at enhancing its competitiveness in the commercial vehicle sector [1] - The company plans to focus on three core areas for brand development: manufacturing upgrades, product renewal, and sales model innovation [1] Group 1: Manufacturing Upgrades - Jinbei will utilize a new commercial 4.0 smart factory to advance its intelligent manufacturing system [1] - The company is committed to a multi-energy strategy that includes fuel, pure electric, methanol, CNG, and hybrid options [1] Group 2: Product Renewal - Jinbei has launched five new models, including three fuel vehicles and two electric vehicles, with prices ranging from 76,900 to 185,800 yuan [1] - The company has achieved L2 level assisted driving capabilities in mass-produced vehicles and is working on L3+ technology validation and L4 level planning [1] Group 3: Sales Model Innovation - The sales strategy involves a dual approach of reshaping domestic user experiences and localizing operations in overseas markets [1] - Jinbei signed a strategic cooperation agreement with Toyota Tsusho, involving a 200 million yuan order to enhance collaboration in vehicle sales and channel operations [2]

Core Viewpoint - The event marked a comprehensive brand renewal for Jinbei, showcasing a range of new fuel and electric models, aiming to establish a more competitive product matrix for future growth [1][8]. Group 1: Brand Strategy and Support - Jinbei's brand renewal is supported by the resources of Shenyang Automotive Group, which aims to innovate in product development, smart manufacturing, and market expansion [2]. - The Shenyang government emphasizes the importance of Jinbei's upgrade as a milestone for the city's automotive industry, pledging to enhance the business environment and provide policy support [6]. Group 2: Product Launch and Features - Jinbei launched five new models, including three fuel vehicles and two electric vehicles, with prices ranging from 76,900 to 185,800 yuan, targeting logistics, business commuting, and group transportation [8]. - The new models maintain the brand's DNA of "reliable, pragmatic, and efficient," offering specialized solutions that balance total cost of ownership (TCO) and reliability [8]. Group 3: Strategic Partnerships and Innovations - A strategic cooperation agreement was signed with Toyota Tsusho, involving a 200 million yuan order, focusing on deep collaboration in vehicle sales and channel operations, with successful implementation in the Saudi market [14]. - Jinbei showcased advanced models, including an L3+ level autonomous vehicle based on the Jinbei Haise King EV, highlighting the brand's product versatility [13]. Group 4: Customer Trust and Brand Legacy - Jinbei has built a strong reputation over 30 years, with 2 million users, reflecting the brand's commitment to quality and customer satisfaction [10][16]. - The company aims to continue its legacy by focusing on technological innovation and user needs, enhancing product upgrades and brand development [16].

Core Viewpoint - The Jinbei brand, after over 30 years of technological refinement and gaining 2 million users, is set to undergo a comprehensive transformation in manufacturing, products, and sales models, revitalizing the brand's vitality [1] Group 1: Brand and Market Position - The "New Journey of Jinbei" brand day and product launch event took place on October 28, highlighting the support from Shenyang Automotive Group for Jinbei's innovation in product development, smart manufacturing, and market expansion [3] - Jinbei has established itself as a benchmark brand in China's commercial vehicle sector, consistently focusing on quality and contributing to the development of the light commercial vehicle industry [7] Group 2: Sales and Production Performance - From January to September, the commercial vehicle production and sales reached 3.091 million and 3.117 million units, respectively, marking year-on-year increases of 9.4% and 7.8% [5] - Jinbei's light commercial vehicle market saw impressive performance with sales of 324,000 units during the same period, reflecting a year-on-year growth of 14.2% [5] Group 3: Strategic Directions - Jinbei's global brand renewal strategy focuses on three core areas: upgrading manufacturing through smart manufacturing systems, renewing products with a multi-energy strategy including fuel, electric, and hybrid options, and innovating sales models to enhance user experience domestically and expand brand presence internationally [10] - The company aims to commercialize intelligent driving technologies, achieving L2-level assistance in mass production vehicles and validating L3+ technology under specific conditions [10] Group 4: Product Launch and Offerings - The brand day event showcased five new models, including three fuel vehicles and two electric strategic models, with prices ranging from 76,900 to 185,800 yuan, targeting high-frequency scenarios such as logistics and business commuting [11] - Jinbei also displayed L3+ level autonomous driving vehicles and specialized models, demonstrating the product's versatility [11] Group 5: Strategic Partnerships - Jinbei signed a strategic cooperation agreement with Toyota Tsusho, marking a significant milestone with a 200 million yuan order and plans for deep collaboration in vehicle sales and channel operations, particularly in the Saudi market [13]

Core Viewpoint - Shenyang Jinbei has launched a global renewal strategy and signed a strategic cooperation agreement with Toyota Tsusho, marking a significant step towards global market collaboration and expansion [1][2] Group 1: Strategic Cooperation - Jinbei and Toyota Tsusho signed a strategic cooperation agreement worth 200 million yuan, focusing on deep collaboration in vehicle sales and channel operations [1] - The partnership has successfully established channel operations in the Saudi market, with plans to expand to more global markets [1] Group 2: Product and Manufacturing Strategy - Jinbei aims to enhance production efficiency and product consistency through the establishment of a new smart commercial 4.0 factory [1] - The company is pursuing a multi-energy strategy that includes fuel, pure electric, methanol, CNG, and hybrid vehicles, while expanding its product matrix in commercial vehicles and special equipment [1] - Jinbei plans to accelerate the commercialization of intelligent driving technology [1] Group 3: Global Market Expansion - The company intends to transition from "product output" to "brand output" through KD assembly and localized operations, aiming to realize its vision of making Jinbei vehicles globally recognized [1] - On the launch day, Jinbei introduced five new models covering diverse scenarios, including three fuel models and two pure electric strategic models [2]

二〇二五年十月三十一日 金杯汽车股份有限公司 2025 年第二次临时股东大会文件 金杯汽车股份有限公司 2025 年第二次临时股东大会规则 根据有关法律、法规和本公司章程的规定，为维护投资者的合法 权益，确保股东大会的正常秩序和议事效率，特制订本大会规则。 二、与会股东依法享有发言权、表决权等各项权利，并须认真履 行法定义务，共同维护大会正常秩序。 三、与会股东如有发言要求，请向大会秘书处申请，由秘书处根 据要求发言人数的多少，及持有股数等情况作出具体安排。股东发言 请简明扼要，每位股东发言的时间一般不超过五分钟。 四、与会股东如有提问，请将问题交大会秘书处，由大会秘书处 安排有关人士作统一解答。 五、本次股东大会所形成的决议采用书面、记名投票方式进行表 决。大会表决时，股东不再进行大会发言。 金杯汽车股份有限公司 二〇二五年十月三十一日 1 金杯汽车股份有限公司 2025 年第二次临时股东大会会议议程 时 间：二〇二五年十月三十一日下午 14:30 一、股东大会设立秘书处，具体负责大会有关程序方面的事宜。 地 点：金杯汽车 7 楼会议室 会议议程： 一、会议主持人宣布金杯汽车股份有限公司 2025 年第二次 ...

Group 1 - The company plans to transfer 95% equity of its subsidiary, Tieling Huachen Rubber and Plastic Products Co., Ltd., through public listing, with an assessed value of -77.36 million yuan [1] - As of August 31, 2025, the company has receivables from Tieling Huachen amounting to 42.23 million yuan, of which 4.13 million yuan are other receivables formed to support its development [1] - The transfer aims to prevent state asset loss and ensure stable operations, as Tieling Huachen is currently insolvent and unable to turn a profit [1] Group 2 - In the first half of the year, the company reported revenue of 2.132 billion yuan, a year-on-year decrease of 5.28%, and a net profit of 103 million yuan, down 48.08% year-on-year [2] - The company is highly dependent on its major client, BMW, with the top five customers accounting for 93.64% of total sales, and sales to BMW alone representing 89.20% of total sales [2] - Any significant changes in demand, product structure, or procurement policies from major clients could significantly impact the company's revenue and profits [2]

Core Viewpoint - Jinbei Automotive Co., Ltd. plans to transfer 95% equity of its subsidiary, Shenyang Jincheng Automotive Technology Development Co., Ltd., in Tieling Huachen Rubber and Plastic Products Co., Ltd. through public listing, with an initial price of no less than 1 RMB due to the company's negative equity valuation of -77.36 million RMB [2][3]. Transaction Background - The equity transfer is a response to the operational difficulties faced by Tieling Huachen Rubber and Plastic, which primarily produces automotive parts. The company has been severely impacted by the bankruptcy of its two main customers, leading to significant operational debts and legal issues [3]. - As of July 31, 2025, Tieling Huachen Rubber and Plastic reported total assets of 13.33 million RMB, total liabilities of 139.15 million RMB, and a net asset value of -125.82 million RMB, indicating insolvency and an inability to turn around its financial situation [3]. Transaction Details - The transaction involves a clear ownership of the 95% equity with no encumbrances, although some properties and land are either unregistered or frozen. The initial listing price is set at no less than 1 RMB, with the final price determined by the bidding process [4]. - The board of directors approved the equity transfer on October 15, 2025, without requiring shareholder approval, but it must follow public listing procedures. Additionally, Jinbei Automotive has receivables of 42.23 million RMB from Tieling Huachen Rubber and Plastic, which may impact financial reporting post-transaction [4]. Transaction Impact - The equity transfer is expected to positively influence Jinbei Automotive's profits for the fiscal year 2025 by optimizing resource allocation and reducing operational risks. Post-transaction, Tieling Huachen Rubber and Plastic will no longer be included in the consolidated financial statements [5]. - However, there are risks associated with the uncertainty of the final transaction counterpart and price, as well as the potential non-recovery of 41.32 million RMB in receivables, which the company will pursue as a creditor [5][6].

Core Viewpoint - Jinbei Automobile (600609.SH) plans to transfer 95% equity stake in its subsidiary, Tieling Huachen Rubber & Plastic, through public listing due to the company's financial struggles and the bankruptcy of its major clients [1] Group 1: Company Actions - The company intends to sell its stake in Tieling Huachen Rubber & Plastic, which has a shareholder equity assessment value of -77.3644 million RMB [1] - The initial listing price for the stake will not be less than 1 RMB [1] Group 2: Financial Situation - Tieling Huachen Rubber & Plastic is currently insolvent and unable to turn a profit, prompting the company to take action to prevent state asset loss [1] - The company has been financially supporting Tieling Huachen Rubber & Plastic in recent years to aid its strategic transformation [1] Group 3: Client Impact - The bankruptcy of major clients, Huachen Zhonghua Automobile and Huachen Renault Jinbei Automobile, has significantly impacted Tieling Huachen Rubber & Plastic's operations [1]

Group 1 - Jinbei Automobile announced that its 10th Board of Directors' 28th meeting will be held via communication on October 15, 2025 [1] - The meeting will review the proposal regarding the public transfer of 95% equity in Tieling Huachen Rubber and Plastic Products Co., Ltd. and the passive formation of financial assistance [1] Group 2 - The annualized interest rate for renting silver has surged to 35%, indicating a significant opportunity in the silver market [1] - There is a global movement of silver being airlifted to the UK for profit, suggesting a major market event [1] - This situation is described as an epic short squeeze, highlighting the volatility and potential for profit in the silver industry [1]

金杯汽车股份有限公司 关于公司职工董事离任的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 金杯汽车股份有限公司（以下简称"公司"）于近日收到公司职工董事姚恩 波先生提交的书面辞职申请。姚恩波先生因工作变动（退休）辞去公司职工董事 职务，其辞去上述职务后不再担任公司任何职务。具体情况如下： 证券代码：600609 证券简称：金杯汽车 公告编号：2025-040 (一) 提前离任的基本情况 | 姓名 | 离任职务 | | | 原定任期到 | | 是否继续在上 | 是否存在未 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 离任时间 | | 期日 | 离任原因 | 市公司及其控 | 履行完毕的 | | | | | | | | 股子公司任职 | 公开承诺 | | 姚恩波 | 职工董事 | 2025 年 | 10 | 第十届董事 | 工作变动 | 否 | 否 | | | | 月 14 | 日 | 会届满之日 | （退休） | | | (二) 离任对公司的影响 金 ...