Core Viewpoint - Shanghai New Power Automotive Technology Co., Ltd. (Power New Science) is participating in the restructuring of SAIC Hongyan by forming a consortium with several strong investment partners, contributing a total of 3 billion yuan to the effort [1][2]. Group 1: Company Involvement - The consortium consists of Shanghai Automotive Industry Group Co., Ltd., Power New Science, Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund, and Chongqing Development Asset Management Co., Ltd. [1] - The individual contributions to the consortium are 864 million yuan from Shanghai Automotive, 666 million yuan from Power New Science, and 735 million yuan each from the other two partners, totaling 3 billion yuan [1]. Group 2: Industry Context - SAIC Hongyan is the only heavy truck manufacturing base in Chongqing, playing a significant role in the local automotive industry chain, heavy truck technology innovation, and the national western development strategy [2]. - The company produces five major series of heavy trucks, covering a power range of 230 to 560 horsepower, catering to various transportation needs in logistics, construction, and specialized applications [2]. - Despite facing operational difficulties and being insolvent, SAIC Hongyan has potential restructuring value, and the proposed restructuring plan aims to significantly reduce its debt risk and normalize its operations [2].

Core Viewpoint - SAIC Group's subsidiary, Shanghai New Power Automotive Technology Co., Ltd. (referred to as "New Power"), plans to participate in the restructuring investment of SAIC Hongyan Automobile Co., Ltd. (referred to as "SAIC Hongyan") alongside other parties, aiming to maximize operational value through new investment [2][3] Group 1: Investment Details - New Power will invest approximately 666.36 million yuan as part of a consortium that includes SAIC Group and other partners, with a total investment of 3 billion yuan expected to acquire 66% of SAIC Hongyan post-restructuring [2] - The consortium also includes Chongqing Liangjiang New Area High-Quality Development Industry Private Equity Investment Fund and Chongqing Development Asset Management Co., Ltd. [2] Group 2: Company Background - SAIC Hongyan is a wholly-owned subsidiary of New Power, primarily engaged in the production of road motor vehicles and the research and sales of automotive parts [2] - The company has a strong presence in the heavy-duty truck market and opportunities in the export and new energy sectors, despite currently being insolvent [2] Group 3: Restructuring Plan - The restructuring plan aims to clear the equity of original investors and allow new investors to acquire shares through cash investment, with New Power expected to hold less than 20% of SAIC Hongyan post-restructuring [3] - This change is anticipated to positively impact SAIC Group's financial metrics, with potential profits from the deconsolidation expected to account for over 50% of the audited net profit attributable to shareholders for the fiscal year 2024 [3]

Core Viewpoint - The company, Power New Science, has announced a joint investment of 3 billion yuan in the restructuring of SAIC Hongyan, aiming to maximize operational value and optimize its debt structure [1][2]. Group 1: Investment Details - The joint investment consortium includes Shanghai Automotive Industry Corporation, Power New Science, Chongqing Liangjiang New Area High-Quality Development Private Equity Investment Fund, and Chongqing Development Asset Management Company, contributing 863 million yuan, 666 million yuan, 735 million yuan, and 735 million yuan respectively [1]. - The total investment of 3 billion yuan is expected to secure a 66% stake in SAIC Hongyan post-restructuring, with creditors receiving the remaining 34% through debt-to-equity swaps [1]. Group 2: Financial Implications - If the restructuring plan is approved, Power New Science's stake in SAIC Hongyan will drop below 20%, leading to the exclusion of SAIC Hongyan from its consolidated financial statements, which is projected to positively impact financial metrics for the year of deconsolidation [1]. - Preliminary estimates suggest that the profit from deconsolidation could account for over 50% of Power New Science's audited net profit attributable to shareholders for 2024 [1]. Group 3: Company Background and Market Position - SAIC Hongyan was previously recognized as a high-tech enterprise and a leading manufacturer in Chongqing, with a strong brand presence in various heavy-duty truck models [2]. - The company has a competitive edge in the dumper truck sector and is exploring opportunities in the export and new energy markets, despite being in a state of insolvency [2]. - The preliminary restructuring plan includes a cash investment of 3 billion yuan and a comprehensive debt settlement strategy involving cash, deferred payments, and debt-to-equity swaps [2].

Group 1 - The company, Dongli Xinke, held its third extraordinary board meeting for the year 2025 on September 29, 2025, via telecommunication voting [1] - The meeting reviewed the proposal regarding the company's joint investment with related parties in the restructuring of SAIC Hongyan [1]

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-066 上海新动力汽车科技股份有限公司 关于在招商银行开展存贷款等业务 暨关联交易的公告 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： 本次日常关联交易事项已经董事会审议，尚须提交公司股东会 审议。 公司在招商银行股份有限公司（以下简称"招商银行"）开展 存贷款等业务系在银行业金融机构正常的资金存放与借贷行为，存、 贷款利率均按商业原则，参照招商银行对其他客户同期存贷款利率确 定，关联交易定价公允，不会构成公司业务对关联方的依赖，不会影 响公司的独立性，不存在损害公司及股东利益的情形。 一、日常关联交易基本情况 本公司控股股东上海汽车集团股份有限公司（以下简称：上汽集 团）的董事黄坚先生，因同时担任招商银行非执行董事，根据《上海 证券交易所股票上市规则》对关联法人的认定，招商银行为本公司关 联法人。 （一）日常关联交易履行的审议程序 独立董事专门会议认为：公司在招商银行开展存贷款等业务系在 银行业金融机构正常的资金存放 ...

证券代码：600841 900920 证券简称：动力新科 动力 B 股 公告编号：临 2025-065 上海新动力汽车科技股份有限公司 关于公司与相关方联合出资参与上汽红岩重整 暨关联交易的公告 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： 投资标的名称：上汽红岩汽车有限公司（以下简称"上汽红岩"） 投资金额：人民币 666,363,636.36 元 本次交易构成关联交易：本公司拟与上海汽车工业（集团）有限公司（以下 简称"上汽总公司"）等相关方共同组成联合体参与上汽红岩重整。上汽总公司是本 公司控股股东上海汽车集团股份有限公司的母公司，故本次公司与其共同参与上汽 红岩重整投资构成关联交易。 本次交易未构成重大资产重组 过去 12 个月与同一关联人进行的交易以及与不同关联人进行的交易类别相 关的交易的累计次数及其金额：无 交易实施尚需履行的审批及其他相关程序：若上汽红岩重整计划获得法院裁 定批准，公司持有重整后上汽红岩的股比将低于 20%，上汽红岩将不再纳入本公司合 并范围，并对出表当年本公司的相关财务指标产 ...

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-067 上海新动力汽车科技股份有限公司 关于部分募集资金投资项目延期的公告 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。 2025 年 9 月 29 日，上海新动力汽车科技股份有限公司（以下简 称"公司"或"动力新科"）召开董事会 2025 年度第三次临时会议， 审议通过了《关于部分募集资金投资项目延期的议案》。现将相关情 况公告如下： 2 一、募集资金基本情况概述 （一）募集资金基本情况 经上海新动力汽车科技股份有限公司（以下简称"公司"或"动 力新科"）董事会会议、股东大会审议通过，并经中国证券监督管理 委员会《关于核准上海柴油机股份有限公司向上海汽车集团股份有限 公司等发行股份购买资产并募集配套资金的批复》(证监许可 [2021]2321 号)的核准(公司名称已于 2022 年 1 月由上海柴油机股份 有限公司更名为上海新动力汽车科技股份有限公司)，公司非公开发 行人民币普通股(A 股)股票 222,469,410 股(以下简称 ...

证券代码：600841 900920 证券简称：动力新科 动力 B 股 公告编号：临 2025-068 上海新动力汽车科技股份有限公司 关于召开2025年第一次临时股东会的通知 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： 一、 召开会议的基本情况 召开的日期时间：2025 年 10 月 16 日 15 点 30 分 召开地点：上海新动力汽车科技股份有限公司（上海市杨浦区军工路 2636 号）办公大 楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 10 月 16 日 至2025 年 10 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召开当 日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投票平台的投票 时间为股东会召开当日的 9:15-15:00。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融 ...

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2025-064 上海新动力汽车科技股份有限公司董事会 2025年度第三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 年度第三次临时会议于 2025 年 9 月 29 日以通讯表决方式召开。本次会议 应出席董事 8 名，实际出席 8 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： （表决结果：同意 8 票，弃权 0 票，反对 0 票） 详见上海证券交易所（www.sse.com.cn）网站同日公告。 二、关于在招商银行开展存贷款等业务暨关联交易的议案 本议案属于关联交易议案，已经公司董事会审计委员会 2025 年度第 三次会议和独立董事 2025 年度第三次专门会议事前认可并审议通过。 关于在招商银行开展存贷款等事项尚需提交公司股东会审议。 一、关于公司与相关方联合出资参与上汽红岩重整事项的议案 同意公司与上海汽车工业（集团 ...

Core Insights - The company, Dongli New Technology (600841.SH), announced the restructuring of SAIC Hongyan, a leading high-tech enterprise in Chongqing, which has a strong presence in the heavy truck market with various models and brands [1][2] - The restructuring aims to maximize operational value and involves a consortium that will invest a total of 3 billion yuan, with the company contributing 666 million yuan to acquire a target equity stake of 14.66% post-restructuring [2] Group 1: Company Overview - SAIC Hongyan is recognized as a key player in the heavy truck industry, offering a range of products including tractors, dump trucks, cargo trucks, and special vehicles, with a notable market presence [1] - The company has a comprehensive vehicle development process (CVDP) and is aligning with the "New Four Modernizations" trend by advancing smart connected heavy trucks [1] - The production base is located in Chongqing's Liangjiang New Area, covering approximately 680 acres, equipped with complete manufacturing processes [1] Group 2: Market Position and Future Outlook - The industry is projected to see sales between 900,000 to 1 million units over the next five years, with dump trucks maintaining a 10% market share [1] - SAIC Hongyan holds significant advantages in the dump truck sector and has opportunities in export and new energy markets, despite facing financial challenges [1] Group 3: Restructuring Plan - The restructuring plan involves introducing new investors who will provide cash for immediate debt repayment, employee placement, and future operations [1] - The original investors' equity will be wiped out post-restructuring, with new investors receiving corresponding equity in the restructured company [1] - The debt repayment strategy includes a combination of cash, deferred payments, and equity swaps to enhance creditor recovery rates [1]