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 ...

Core Viewpoint - The company announced the resignation of its General Manager, Xu Qiuhua, due to retirement, and appointed Liu Jianchao as the new General Manager [1] Group 1: Management Changes - Xu Qiuhua resigned from his positions as Director, General Manager, and member of relevant committees due to reaching retirement age [1] - The board of directors held a meeting on November 7, 2025, to approve the changes in management and to elect a new director [1] - Liu Jianchao has been appointed as the new General Manager, with his term starting from the date of the board's approval until the end of the current board's term [1]

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]

Core Insights - The company reported a significant decline in revenue for the first three quarters of 2025, with a total revenue of 4.171 billion yuan, representing a year-on-year decrease of 20.34% [1] - The net profit attributable to shareholders was -350 million yuan, indicating a substantial narrowing of losses compared to previous periods [1] - The company sold 128,400 engines, marking an 18.7% increase year-on-year, while heavy truck sales for SAIC Hongyan plummeted by 86.97% to only 728 units due to ongoing restructuring [1] Group 1 - The company has formed a consortium with Shanghai Automotive Industry Group, Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund, and Chongqing Development Asset Management 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] - The purpose of the investment is to mitigate debt risks for SAIC Hongyan and maximize its operational value, which will also help optimize the company's debt structure and alleviate operational pressure [1] Group 2 - According to the preliminary restructuring plan for SAIC Hongyan, the company will hold less than 20% of the equity post-restructuring, meaning SAIC Hongyan will no longer be included in the company's consolidated financial statements [2] - This exclusion is expected to have a positive impact on the company's financial metrics for the year of deconsolidation, with estimated profits from this action accounting for over 50% of the audited net profit attributable to shareholders for 2024 [2] - There are uncertainties surrounding the restructuring process, as the plan must be approved by the court, and failure to successfully restructure could lead to bankruptcy liquidation, thereby reducing future impacts on the company [2]

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-071 上海新动力汽车科技股份有限公司 关于整改报告的补充公告 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"）于 2025 年 9 月 4 日披露 了《关于上海证监局对公司采取责令改正监管措施的整改报告》（临 2025-057），详见 同日刊登于上海证券交易所网站等相关公告。现就上述公告中"2021 年披露的重组报告 书、2021 年至 2023 年披露的年度报告中收入存在错报"整改措施内容补充如下： （1）公司全资子公司上汽红岩梳理了历史期间的销售收入情况，上汽红岩根据签 订的合同以商品"交付承运人"为依据确认销售收入，针对因合同关于商品转移的表述 不够严谨的情况，上汽红岩已加强合同审查，规范和修订合同相应条款，确保为会计处 理提供清晰明确的依据。 （2）子公司上汽红岩梳理了商品退货相关的内部管理流程，要求相关业务部门员 工及管理人员进一步加强对此类业务的规范，确保为会计处理提供清晰 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,342,289,993.55, a decrease of 11.90% compared to the same period last year[2]. - The total profit for the period was a loss of ¥43,216,584.34, with a year-to-date loss of ¥322,883,167.62[2]. - The net profit attributable to shareholders was a loss of ¥48,960,462.83 for the quarter, and a loss of ¥349,690,500.12 year-to-date[2]. - The basic earnings per share for the quarter was -¥0.035, and -¥0.252 year-to-date[2]. - The weighted average return on net assets was -1.65%, an increase of 10.83 percentage points compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2025 was ¥4,170,908,311.04, a decrease of 20.3% compared to ¥5,235,569,406.53 in the same period of 2024[18]. - The net loss for the first three quarters of 2025 was ¥349,690,500.12, an improvement from a net loss of ¥1,263,219,574.56 in the same period of 2024[19]. - The basic earnings per share for the first three quarters of 2025 was -¥0.25, an improvement from -¥0.91 in the same period of 2024[19]. - Net profit for the first three quarters of 2025 was ¥112,980,815.41, a decrease of 5.3% from ¥119,371,302.59 in 2024[28]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was -¥403,940,710.68[2]. - Cash flow from operating activities showed a net outflow of ¥403,940,710.68, compared to a net outflow of ¥1,288,818,937.88 in the previous year, indicating a significant reduction in cash burn[20]. - Cash and cash equivalents at the end of the period were ¥4,055,338,854.25, down from ¥4,318,337,813.36 at the end of the same period in 2024[22]. - Cash flow from operating activities for the first three quarters of 2025 was ¥3,407,439,825.55, down from ¥3,581,406,239.53 in 2024, a decrease of 4.9%[29]. - The net cash flow from operating activities was -$295.86 million, compared to -$226.09 million in the previous period, indicating a decline of approximately 31%[30]. - The ending balance of cash and cash equivalents was $3.91 billion, compared to $3.78 billion, showing an increase of about 3.5%[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥13,302,783,261.73, an increase of 0.57% from the previous year-end[3]. - The equity attributable to shareholders decreased by 10.10% to ¥3,162,541,555.57 compared to the previous year-end[3]. - The company's current liabilities totaled CNY 9,828,101,219.45, an increase from CNY 9,240,405,322.37 in the previous year[16]. - The company's total liabilities reached CNY 10,140,241,706.16, compared to CNY 9,710,374,709.16 in the previous year[16]. - Total assets as of September 30, 2025, amounted to ¥11,142,735,514.78, up from ¥10,289,270,106.97 at the end of 2024, indicating a growth of 8.3%[25]. - Total liabilities increased to ¥4,549,906,796.55 as of September 30, 2025, compared to ¥3,803,488,789.51 at the end of 2024, representing a rise of 19.6%[25]. - The total equity as of September 30, 2025, was ¥6,592,828,718.23, an increase from ¥6,485,781,317.46 at the end of 2024, reflecting a growth of 1.6%[25]. Investment and Restructuring - The company invested CNY 666,363,636.36 to participate in the restructuring of SAIC Hongyan, aiming to acquire a target equity stake of 14.66% post-restructuring[11]. - The total investment from the consortium in the restructuring of SAIC Hongyan is CNY 3 billion, with an expected target equity stake of 66% post-restructuring[11]. - The restructuring plan, once approved by the court, is projected to result in a profit impact exceeding 50% of the company's audited net profit attributable to shareholders for the fiscal year 2024[12]. - The restructuring process is ongoing, with potential risks related to market and management that could affect the company's financial performance[13]. - The company aims to optimize its debt structure and alleviate operational pressure through the restructuring of SAIC Hongyan[12]. Operating Costs and Expenses - Total operating costs decreased to ¥4,554,173,680.35 from ¥5,994,009,384.95, representing a reduction of 24.1%[18]. - Research and development expenses for the first three quarters of 2025 were ¥194,651,663.38, slightly down from ¥212,072,418.17 in 2024[18]. - Research and development expenses for the first three quarters of 2025 were ¥161,352,243.10, an increase of 20.2% from ¥134,288,529.39 in 2024[27]. - The company reported a decrease in sales expenses to ¥55,261,134.09 in 2025 from ¥123,508,481.60 in 2024, a reduction of 55.2%[27]. - Payments to employees and for employee benefits amounted to $341.59 million, up from $332.01 million, reflecting an increase of approximately 3%[30]. - Payments for various taxes totaled $38.45 million, significantly higher than $13.02 million, representing an increase of about 195%[30].