11月7日晚间，动力新科(600841)发布公告称，公司于2025年11月7日召开的第十一届董事会2025年度第 五次临时会议审议通过，聘任刘建超为公司总经理。 此次新任总经理刘建超，曾任动力新科金山缸套厂厂长、制造三分公司总经理、制造二分公司总经理、 制造部部长、采购部部长、上海菱重发动机有限公司中方总经理；现任动力新科副总经理，其过往履历 覆盖子公司、制造、采购、合资公司等多个领域，具有丰富的市场开拓、企业经营管理等方面实践经 验。 资料显示，2025年1—9月，动力新科销售发动机12.83万台，同比增长18.7%；其中，上海菱重发动机有 限责任公司2025年上半年实现净利润1亿元，同比增长451.57%。（厉平） 据公告，公司董事会于2025年11月5日收到徐秋华的书面辞呈，因到龄退休，徐秋华辞去公司董事、总 经理等职务。 ...

上海新动力汽车科技股份有限公司董事会 2025年度第五次临时会议决议公告 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）董事会2025年度第五次临时会议于2025年11月7 日以通讯表决方式召开。徐秋华先生因到龄退休已向公司董事会辞去董事职务，本次会议应出席董事7 名，实际出席7名。会议符合《公司法》及《公司章程》的有关规定。经与会董事审议，通过如下议 案： 一、关于公司董事、高级管理人员变动的议案 徐秋华先生因到龄退休，已向公司董事会辞去公司董事、总经理和董事会相关专门委员会委员职务。公 司董事会对徐秋华先生在公司任职期间为公司发展作出的贡献表示衷心的感谢。 股票简称：动力新科 动力B股 股票代码：600841 900920 编号：临2025-072 根据公司经营需要，经公司董事长提名，并经董事会提名委员会审核通过，同意聘任刘建超先生（简历 附后）担任公司总经理，任期自本次董事会审议通过之日起至本届董事会任期结束之日止。 刘建超先生具有发动机行业经营管理等方面丰富的实践经验 ...

Company Changes - Xu Qiuhua has resigned from his positions as director, general manager, and committee member due to retirement, and will no longer hold any positions in the company or its subsidiaries [1] - The board has approved the appointment of Liu Jianchao as the new general manager and nominated him as a candidate for the 11th board of directors, pending shareholder election [1] Financial Overview - For the fiscal year 2024, the revenue composition of the company is as follows: the engine industry accounts for 70.19% and the heavy truck industry accounts for 29.81% [1] - The current market capitalization of the company is 9.1 billion yuan [1]

一、辞职情况 上海新动力汽车科技股份有限公司（以下简称"公司"）董事会于近日 收到董事、总经理徐秋华先生的辞职报告。徐秋华先生因到龄退休原因辞去 本公司董事、总经理和董事会相关专门委员会委员等职务，辞职后不再担任 公司及子公司任何职务。 | 姓名 | 离任职务 | 离任时间 | | 原定任期 | | 离任 | 是否继续在上 | 是否存在未 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 到期日 | | 原因 | 市公司及其控 | 履行完毕的 | | | | | | | | | 股子公司任职 | 公开承诺 | | 徐秋华 | 董事、总经理 | 2025 11 | 年 | 2028年 | 5 月 | 到龄 | 否 | 否 | | | | 月 7 | 日 | 23 | 日 | 退休 | | | 证券代码：600841 900920 证券简称：动力新科 动力 B 股 公告编号：临 2025-073 上海新动力汽车科技股份有限公司 关于公司董事、总经理变动的公告 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 ...

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-072 上海新动力汽车科技股份有限公司董事会 2025年度第五次临时会议决议公告 经董事会提名委员会审核通过，公司董事会提名刘建超先生为公司第 十一届董事会董事候选人，并提请公司股东会选举，并在股东会审议通过 后担任公司董事会战略委员会委员职务、董事会提名委员会委员职务；任 期自股东会审议通过之日起至本届董事会任期结束之日止。 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）董事会 2025 年度第五次临时会议于 2025 年 11 月 7 日以通讯表决方式召开。徐秋华先 生因到龄退休已向公司董事会辞去董事职务，本次会议应出席董事 7 名， 实际出席 7 名。会议符合《公司法》及《公司章程》的有关规定。经与会 董事审议，通过如下议案： 一、关于公司董事、高级管理人员变动的议案 徐秋华先生因到龄退休，已向公司董事会辞去公司董事、总经理和董 事会相关专门委员会委员职务。公司董事会对徐秋华先生 ...

格隆汇11月7日丨动力新科(600841.SH)公布，公司董事会于近日收到董事、总经理徐秋华先生的辞职报 告。徐秋华先生因到龄退休原因辞去本公司董事、总经理和董事会相关专门委员会委员等职务，辞职后 不再担任公司及子公司任何职务。 公司于2025年11月7日以通讯表决方式召开了董事会2025年度第五次临时会议，会议审议通过《关于公 司董事、高级管理人员变动的议案》和《关于补选公司董事的议案》，董事会同意聘任刘建超先生担任 公司总经理，任期自本次董事会审议通过之日起至本届董事会任期结束之日止；董事会提名刘建超先生 为公司第十一届董事会董事候选人，并提请公司股东会选举，任期自股东会审议通过之日起至本届董事 会任期结束之日止。 ...

Core Insights - The company reported a total revenue of 4.171 billion yuan, ranking 40th among disclosed peers [3] - The net profit attributable to shareholders was -350 million yuan, an increase of 914 million yuan compared to the same period last year [3] - The company’s latest asset-liability ratio stands at 76.23% [2] Financial Performance - The latest gross profit margin is 6.87%, up 1.04 percentage points from the previous quarter and up 3.62 percentage points year-on-year [2] - The latest return on equity (ROE) is -11.06%, an increase of 18.61 percentage points compared to the same period last year [2] - The diluted earnings per share are -0.04 yuan, an increase of 0.88 yuan compared to the same reporting period last year [2] Operational Metrics - The total asset turnover ratio is 0.31 times [2] - The inventory turnover ratio is 4.11 times, ranking 41st among disclosed peers, with a year-on-year increase of 0.55 times, or 15.36% [2] Shareholder Structure - The number of shareholders is 61,400, with the top ten shareholders holding 766 million shares, accounting for 55.22% of the total share capital [2] - The largest shareholder is Shanghai Automotive Group Co., Ltd., holding 38.81% of shares [2]

Core Viewpoint - The company is undergoing a restructuring process for its subsidiary, SAIC Hongyan, which is facing financial difficulties, with the aim of maximizing operational value and optimizing the company's debt structure [7][9]. Financial Data - For the first nine months of 2025, the company sold 128,377 engines, representing a year-on-year increase of 18.69%, while sales of heavy trucks from SAIC Hongyan decreased by 86.97% to 728 units [6]. - The company reported adjustments to historical revenue figures, with a reduction of 1,506,283.19 yuan in 2019 revenue and an increase of 769,911.50 yuan in 2020 revenue, among other adjustments [15]. Restructuring Details - On July 1, 2025, creditors applied for the bankruptcy restructuring of SAIC Hongyan, which was accepted by the Chongqing Fifth Intermediate People's Court [7]. - A consortium, including the company, has committed 666,363,636.36 yuan to participate in the restructuring, aiming to acquire 14.66% of SAIC Hongyan post-restructuring [8]. - The restructuring plan is expected to positively impact the company's financial indicators, with projected profits from the restructuring potentially exceeding 50% of the company's audited net profit for 2024 [9]. Compliance and Management - The company has implemented corrective measures to address past revenue recognition issues, including enhancing contract reviews and internal management processes [14][16]. - The restructuring process is being supervised by appointed managers to ensure compliance with legal and operational standards [16].

Core Insights - Shanghai New Power Automotive Technology Co., Ltd. reported a revenue of 4.171 billion yuan for the first three quarters of 2025, a year-on-year decrease of 20.34% [1] - The company incurred a net loss attributable to shareholders of 350 million yuan, although this loss has significantly narrowed compared to previous periods [1] - The company sold 128,377 engines, marking an 18.7% increase year-on-year, while heavy truck sales from SAIC Hongyan fell by 86.97% to only 728 units due to restructuring [1] Group 1 - The company has formed a consortium with Shanghai Automotive Industry Group Co., Ltd., Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund Partnership, and Chongqing Development Asset Management Co., Ltd. to invest in the restructuring of SAIC Hongyan [1] - A restructuring investment agreement has been signed, and the restructuring process for SAIC Hongyan is progressing in an orderly manner [1] Group 2 - The purpose of the investment in SAIC Hongyan's restructuring is to mitigate debt risks and maximize operational value, which will also help optimize the company's debt structure and alleviate operational pressure [2] - Following the preliminary restructuring plan, the company's shareholding in SAIC Hongyan post-restructuring will be below 20%, meaning SAIC Hongyan will no longer be included in the company's consolidated financial statements [2] - The initial estimates suggest that the profit from the deconsolidation will account for over 50% of the company's audited net profit attributable to shareholders for the year 2024 [2]

Core Viewpoint - The company reported a significant decline in revenue for the first three quarters of 2025, alongside a reduced net loss compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 4.171 billion yuan, representing a year-on-year decrease of 20.34% [1] - The net profit attributable to shareholders of the parent company was -350 million yuan, which is an improvement of 914 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.25 yuan [1]