Core Viewpoint - Shanghai New Power Automotive Technology Co., Ltd. announced that its wholly-owned subsidiary, SAIC Hongyan Automobile Co., Ltd., has been ruled by the court to enter a restructuring process due to its inability to repay debts and insufficient assets to cover all liabilities, despite having restructuring value and feasibility [1][4]. Group 1: Restructuring Announcement - On July 20, Shanghai New Power announced that SAIC Hongyan was placed into restructuring by the Chongqing Fifth Intermediate People's Court following an application by creditor Chongqing Anji Hongyan Logistics Co., Ltd. [1] - The court recognized that SAIC Hongyan could not repay its due debts and had assets significantly lower than its liabilities, thus confirming the need for restructuring to prevent major losses to stakeholders [4]. Group 2: Financial Details - As of the application date, creditor Chongqing Anji Logistics held a due claim of 77.566 million yuan against SAIC Hongyan [4]. - The restructuring plan aims to introduce investors, reduce production capacity, optimize company structure, and revitalize core resources, indicating a feasible restructuring proposal [4]. Group 3: Implications and Future Steps - SAIC Hongyan is a core subsidiary of Shanghai New Power and its successful restructuring could alleviate its debt burden [4]. - During the restructuring period, SAIC Hongyan will actively cooperate with the court and management to ensure operational stability and protect stakeholder interests [5]. - The final impact on Shanghai New Power remains uncertain and will depend on the outcome of the restructuring plan and court decisions [5].

Core Viewpoint - The company Shanghai New Power Automotive Technology Co., Ltd. announced that its wholly-owned subsidiary, SAIC Hongyan, has entered a restructuring process following a bankruptcy application by creditors due to its inability to repay debts and insufficient assets, although it still possesses restructuring value and feasibility [1][2]. Group 1: Restructuring Process - On July 1, 2025, the Chongqing Fifth Intermediate People's Court accepted the bankruptcy restructuring application for SAIC Hongyan [2]. - The court's decision on July 18, 2025, confirmed that SAIC Hongyan would enter the restructuring process, but there are risks associated with the approval and execution of the restructuring plan [1][2]. Group 2: Financial and Operational Integrity - The company conducted a self-examination and found no non-operational fund occupation by its controlling shareholders, actual controllers, or other related parties [2][3]. - There were no violations regarding external guarantees identified during the self-examination [3]. Group 3: Commitment to Governance - The company has committed to maintaining the independence of SAIC Hongyan in terms of personnel, assets, finance, organization, and business operations, ensuring no conflicts of interest arise from its controlling position [16][17]. - The company will adhere to legal and regulatory requirements to protect the interests of SAIC Hongyan and its public shareholders, avoiding any interference in its management activities [18].

上海新动力汽车科技股份有限公司 关于全资子公司被债权人申请重整的专项自查报告 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。 重要内容提示： 2025 年 7 月 18 日，上汽红岩收到重庆五中院送达的（2025）渝 05 破申 436 号《民事裁定书》，裁定受理重庆安吉物流提出的上汽红岩重整申请。截至 本公告披露日，重庆五中院已裁定上汽红岩进入重整程序，但在重整事项推进过 程中，仍存在重整计划表决未能通过，重整计划表决通过但未获得法院批准，以 及重整计划获得法院批准后无法执行等可能。 2025 年 7 月 1 日，上海新动力汽车科技股份有限公司（以下简称"本公司"） 在上海证券交易所网站（www.sse.com.cn）披露了《关于公司全资子公司被债权 人申请重整的提示性公告》（公告编号：临 2025-040）。公司全资子公司上汽红 岩汽车有限公司（以下简称"上汽红岩"）债权人重庆安吉红岩物流有限公司（以 下简称"重庆安吉物流"）以上汽红岩不能清偿到期债务且资产不足以清偿全部 债务，但仍具备重整价值及重整可行性为由，向重庆市第 ...

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-047 上海新动力汽车科技股份有限公司 关于法院裁定受理全资子公司重整的公告 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。 重要内容提示： 2025 年 7 月 18 日，上汽红岩收到重庆五中院送达的（2025）渝 05 破申 436 号《民 事裁定书》，重庆五中院裁定受理重庆安吉物流提出的上汽红岩重整申请。 重庆五中院已裁定上汽红岩进入重整程序，但在重整事项推进过程中，仍存在重 整计划表决未能通过，重整计划表决通过但未获得法院批准，以及重整计划获得法院批准 后无法执行等可能。上汽红岩后续重整事宜具有不确定性，对公司的最终影响尚不确定， 但不会对公司非重卡业务造成重大影响，最终对公司合并报表的影响取决于未来的重整方 案及法院裁定结果等。上汽红岩最终的重整方案将以法院裁定批准的重整计划为准。公司 将密切关注后续进展情况，并及时履行信息披露义务，敬请广大投资者注意投资风险。 2025 年 7 月 1 日，上海新动力汽车科技股份有限公司（以 ...

Group 1 - The agricultural machinery sector experienced a strong morning surge, with Dongli Xinke (600841) hitting the daily limit up [1] - Other companies such as Shenchi Electric (603109), Jingzhu Technology (300258), Huafeng Co. (605100), and Fuda Co. (603166) also saw increases in their stock prices [1] - There is a notable influx of dark pool capital into these stocks, indicating potential investor interest [1]

Core Viewpoint - The company is forecasting a net loss for the first half of 2025, with expected figures indicating a reduction in losses compared to the previous year [2][3]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders in the range of -360 million to -270 million yuan for the first half of 2025, representing a year-on-year reduction in losses of 47.75% to 60.81% [2][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between -490 million and -400 million yuan, with a year-on-year reduction in losses of 34.37% to 46.42% [3]. Business Operations Summary - The primary business of the company involves the production and sale of diesel engines and heavy-duty trucks. While the diesel engine business has seen growth, the subsidiary, SAIC Hongyan, has faced significant challenges due to a sluggish real estate market and tight liquidity, resulting in an 87% decline in sales [5]. - The company has implemented cost control measures and improved the collection of accounts receivable, which has contributed to a reduction in impairment provisions and a decrease in losses from the complete vehicle business [5].

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-045 上海新动力汽车科技股份有限公司 2025年半年度业绩预告 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。 重要内容提示： 业绩预告的具体适用情形：净利润为负值。 业绩预告相关的主要财务数据情况：经公司财务部门初步测 算，预计公司 2025 年半年度实现归属于上市公司股东的净利润为 -3.60 亿元至-2.70 亿元，归属于上市公司股东的扣除非经常性损益 的净利润为-4.90 亿元至-4.00 亿元，与上年同期相比均有所减亏。 3、本次所预计的业绩未经注册会计师审计。 二、上年同期业绩情况 | | 项 目 | 金额 | | --- | --- | --- | | 2024 | 年半年度归属于上市公司股东的净利润（万元） | -68,895.20 | 1 | 2024 年半年度归属于上市公司股东的扣除非经常性 | -74,658.29 | | --- | --- | | 损益的净利润（万元） | | | 2024 年半年度每股收益（ ...

动力新科（600841）公告，预计2025年半年度实现归属于上市公司股东的净利润为-3.6亿元至-2.7亿 元，归属于上市公司股东的扣除非经常性损益的净利润为-4.9亿元至-4亿元，与上年同期相比均有所减 亏。 ...

Core Viewpoint - The bankruptcy restructuring application for SAIC Hongyan, a wholly-owned subsidiary of Shanghai New Power Automotive Technology Co., Ltd., reflects a structural crisis in the traditional fuel heavy truck industry and marks a critical turning point in the company's dual-business strategy transformation [1] Industry Challenges - SAIC Hongyan's decline mirrors the industry's struggles, with its sales plummeting from 63,000 units in 2021 to 5,511 units in 2024, dropping out of the top ten in the heavy truck market [2] - Financially, as of the end of 2024, SAIC Hongyan's total liabilities exceeded total assets by 2.892 billion yuan, and current liabilities surpassed current assets by 3.773 billion yuan, with cumulative losses of 6.326 billion yuan from 2022 to 2024 [2] - The overall heavy truck market in China saw sales drop to 900,000 units in 2024, nearly halving from the peak in 2020, exacerbated by policies accelerating the phase-out of fuel vehicles [2] Bankruptcy Restructuring - The creditor's application for bankruptcy restructuring cites the inability to repay due debts and severe insolvency, yet acknowledges the potential for restructuring based on SAIC Hongyan's technological assets [3] - The company holds the world's first intelligent connected heavy truck demonstration operation license and has successfully exported pure electric heavy trucks, indicating some operational viability [3] - A successful restructuring could alleviate SAIC Hongyan's debt burden, with the company reporting a 24.43% year-on-year decrease in cash to 4.096 billion yuan and a rising debt ratio of 74.90% in Q1 2025 [3] Strategic Transition - The core issue for Shanghai New Power is the painful transition between traditional energy and new energy sectors, following a 32.03 billion yuan acquisition of SAIC Hongyan in 2021 to establish a dual-business model [4] - The heavy truck business has incurred losses for three consecutive years, leading to a net profit loss for the company, with Q1 2025 losses narrowing to 210 million yuan but maintaining a low gross margin of 0.36% and a net margin of -15.32% [4] - The court has accepted the bankruptcy case, but uncertainty remains regarding whether SAIC Hongyan will officially enter the restructuring process, indicating a critical juncture for the legacy power company [4]

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-044 上海新动力汽车科技股份有限公司 关于对上海证券交易所《关于上海新动力汽车科技股份有限 公司 2024 年年度报告的信息披露监管问询函》的回复公告 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："动力新科"或"公司"）于近期收到上海证 券交易所上市公司管理一部下发的《关于上海新动力汽车科技股份有限公司 2024 年年度报告的 信息披露监管问询函》（上证公函【2025】0730 号）（以下简称"《问询函》"），公司收到《问询 函》后，高度重视，积极组织全资子公司上汽红岩汽车有限公司（以下简称：上汽红岩）和有关 中介机构共同对《问询函》所述问题进行逐项落实并回复。现对《问询函》所述问题回复公告如 下： 一、关于强调事项段 公司 2024 年被出具带有强调事项段的无保留意见的审计报告，强调事项段显示，公司之 全资子公司上汽红岩汽车有限公司（以下简称上汽红岩）2024 年发生大额亏损，目前已资不 ...