动力新科战略转型为上汽集团商用车核心动力总成供应商，剥离上汽红 岩后，预计 2025 年归母净利润达 27.5 亿至 28.5 亿元，资产负债率显 著下降，ROE 迎来拐点。 AIDC 建设驱动大功率发电机组需求增长，动力新科与三菱重工合资公 司具备生产 16 缸以上大功率机组能力，适用于超大规模数据中心，有 望受益于市场扩张。 新管理层提出"十五五"规划，目标销量和收入较 2025 年翻倍，战略 方向由集团内配套向市场化、社会化资源配置转型，聚焦高附加值、大 功率领域突破，并推进国际化布局。 公司计划提高非上汽体系内发动机及动力系统市场渗透率，积极布局动 力电池、电驱桥等新能源业务，产品向系统集成和解决方案转型，提升 毛利率潜力。 动力新科通过设立数智业务部、新能源技术部，以数智技术赋能企业发 展，聚焦动力电池和电驱桥新业务，压缩低效业务，强化利润率提升能 力。 Q&A 动力新科的核心业务和未来发展前景如何？ 动力新科的核心业务主要包括发动机和整车制造。公司前身为上海柴油机厂， 1993 年改制为上海柴油机股份有限公司，并于 1994 年在 A 股上市。2008 年， 公司从电气集团转至上汽集团，战略定位转 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 股票简称：动力新科 动力B股 股票代码：600841 900920 编号：临2026-004 上海新动力汽车科技股份有限公司 A股股票交易异常波动公告 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： 一、股票交易异常波动的具体情况 ● 公司A股股票在2026年1月23日、1月26日、1月27日连续3个交易日内日收盘价格涨幅偏离值累计达到 20%，根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动。 公司A股股票在2026年1月23日、1月26日、1月27日连续3个交易日内日收盘价格涨幅偏离值累计达到 20%，属于《上海证券交易所交易规则》规定的股票交易异常波动情形。 ● 经公司自查并向控股股东及实际控制人核实，截至本公告披露日，不存在应披露而未披露的重大事 项。 二、公司关注并核实的相关情况 针对公司股票交易异常波动的情况，公司对有关事项进行了核查，并发函问询了控股股东，现将有关情 况说明如下： 1、经公司自查，本公司面临的市场环境或行业政策没有发生 ...

Core Viewpoint - The Shanghai Securities Regulatory Bureau issued a warning letter to Deloitte Huayong Accounting Firm and related personnel due to various compliance issues identified during an inspection, particularly concerning quality management, independence, and project execution quality in the audit of Shanghai New Power Automotive Technology Co., Ltd. for the years 2023 and 2024 [1][3][8] Group 1: Quality Management Issues - Some projects exhibited cross-implementation of quality reviews, and the documentation for quality review was not standardized [1][5] - These issues violate the "Quality Management Standards for Accounting Firms" [5] Group 2: Independence Issues - Certain employees' relatives traded stocks related to audit projects, creating independence conflicts [1][5] - There were unreasonable fee arrangements for some IPO projects, which also raised independence concerns [5][8] Group 3: Project Execution Quality Issues - Risk assessment did not include necessary supporting documents for key control points related to payments in 2024 [2][6] - Control testing failed to identify the appropriateness of delivery timing as a key control point for 2023 and 2024 [2][6] - Substantive procedures lacked adequate analysis of revenue recognition evidence and did not address anomalies in income detail testing for 2024 [6][7] Group 4: Accountability and Remedial Actions - The signatory auditors, Gu Yuping and Ma Tiantian, are held primarily responsible for the identified issues [3][8] - The firm is required to submit a written rectification report within 30 days and improve its internal governance and quality control systems [8]

证券代码：600841 900920 证券简称：动力新科 动力B股 公告编号：临2025-080 上海新动力汽车科技股份有限公司2025年第二次临时股东会决议公告 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。 重要内容提示： ● 本次会议是否有否决议案：无 一、会议召开和出席情况 (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会所采用的表决方式是现场投票和网络投票相结合的方式。 （1）现场会议召开的日期时间：2025年12月19日下午3：00。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。 （2）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12月19日至2025年12月19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。 本次 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 股票简称：动力新科 动力B股 股票代码：600841 900920 编号：临2025-078 上海新动力汽车科技股份有限公司 关于全资子公司重整第二次债权人会议召开情况的公告 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）于2025年7月21日披露了《关于法院裁定受理全 资子公司重整的公告》（公告编号：临2025-047），重庆市第五中级人民法院（以下简称"重庆五中 院"）裁定受理债权人重庆安吉红岩物流有限公司对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"）的重整申请。2025年8月5日，公司披露了《关于全资子公司收到法院指定管理人决定书 的公告》（公告编号：临2025-050），重庆五中院出具(2025)渝05破282号《决定书》，指定泰和泰（重 庆）律师事务所和信永中和会计师事务所（特殊普通合伙）重庆分所联合担任上汽红岩管理人。其后， 上汽红岩进入重整程序，相关进展情况详见公司在上海证券交易所网站（www.s ...

Group 1 - The company held its sixth temporary board meeting for 2025 on December 3, 2025, where several proposals were approved, including the cancellation of a fundraising project and adjustments to the use of raised funds [1][2][46] - The company agreed to cancel the "New Generation Intelligent Heavy Truck" fundraising project and permanently allocate the remaining funds of 375.15 million yuan to supplement the working capital of the subsidiary, Shanghai Hongyan [1][46] - The company will use 77.18 million yuan from the surplus of 167.24 million yuan from completed fundraising projects for the "20VK Power Station Product Development Project" and allocate the remaining 90.06 million yuan to permanently supplement its working capital [1][46][56] Group 2 - The proposals regarding daily related transactions with Shanghai Automotive Group Co., Ltd. and Chongqing Mechanical and Electrical Holdings Group Co., Ltd. for the first half of 2026 were approved and will be submitted to the shareholders' meeting for review [4][6][31] - The company confirmed that these daily related transactions are within the normal business scope and will not adversely affect the company's independence or the interests of shareholders [32][45] - The company has established a framework for daily related transactions with its major shareholders, ensuring that these transactions are conducted fairly and transparently [34][44] Group 3 - The company will hold its second temporary shareholders' meeting for 2025 on December 19, 2025, using a combination of on-site and online voting methods [11][12] - Shareholders must register to attend the meeting, and the registration process is outlined in the announcement [25][26] - The meeting will address the proposals that have been previously disclosed and approved by the board [15][16]

Core Points - The board of Shanghai New Power Automotive Technology Co., Ltd. held its fifth temporary meeting of 2025 on November 7, 2025, to discuss personnel changes [1][5] - Xu Qiuhua resigned from his positions as director and general manager due to retirement, and the board expressed gratitude for his contributions [6][8] - Liu Jianchao was appointed as the new general manager, effective immediately, and will serve until the current board's term ends [2][9] - Liu Jianchao is also nominated as a candidate for the 11th board of directors, pending approval from the shareholders' meeting [2][9] Personnel Changes - Xu Qiuhua's resignation was due to reaching retirement age, and he will no longer hold any positions within the company or its subsidiaries [7][9] - The board unanimously approved Liu Jianchao's appointment as general manager with a vote of 7 in favor, 0 abstentions, and 0 against [2][3] - Liu Jianchao has extensive experience in the engine industry and meets the qualifications for both general manager and board member positions [2][4] Next Steps - The nomination of Liu Jianchao for the board of directors requires approval from the shareholders' meeting, which will be scheduled and announced later [2][9]

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 Points - The company has decided to participate in the restructuring of SAIC Hongyan Automotive Co., Ltd. by forming a consortium with other parties, contributing approximately RMB 666.36 million as part of a total investment of RMB 3 billion [2][43][48]. - The company has also proposed to delay the completion date of a fundraising project related to the "F series 10/11L heavy-duty engine project" to September 2026, while maintaining the project's content and total investment unchanged [8][31][37]. - A temporary shareholders' meeting is scheduled for October 16, 2025, to discuss and vote on the aforementioned proposals [12][43]. Group 1: Investment in Restructuring - The company will join forces with Shanghai Automotive Industry Group Co., Ltd., Chongqing Liangjiang New Area High-Quality Development Private Equity Investment Fund, and Chongqing Development Asset Management Co., Ltd. to participate in the restructuring of SAIC Hongyan [2][43][48]. - The total investment from the consortium is expected to be RMB 3 billion, with the company contributing RMB 666.36 million, aiming to acquire approximately 14.66% of the equity post-restructuring [2][48][49]. - The restructuring plan requires approval from the court and other relevant authorities, and the company will handle all related documentation and negotiations [2][43][48]. Group 2: Fundraising Project Delay - The company has approved a delay for the "F series 10/11L heavy-duty engine project," with the new completion date set for September 2026, due to market demand and operational adjustments [8][31][37]. - The project remains unchanged in terms of content and total investment, with the company emphasizing that the delay will not adversely affect the project's implementation or the company's normal operations [31][37][38]. - The decision to delay was made after a thorough review of market conditions and the project's feasibility, ensuring alignment with the company's long-term strategic goals [31][36][38]. Group 3: Shareholders' Meeting - The company has announced a temporary shareholders' meeting to be held on October 16, 2025, to discuss the investment in SAIC Hongyan's restructuring and the delay of the fundraising project [12][43]. - The meeting will utilize a combination of on-site and online voting methods, allowing shareholders to participate conveniently [12][13]. - All proposals discussed in the meeting have been pre-approved by the company's board and relevant committees [12][43][51].

Core Viewpoint - The first creditors' meeting for the bankruptcy reorganization of SAIC Hongyan was held on September 24, 2025, with significant participation from creditors [2][6]. Group 1: Company Announcement - Shanghai New Power Automotive Technology Co., Ltd. announced the first creditors' meeting for its wholly-owned subsidiary, SAIC Hongyan Automobile Co., Ltd., which is undergoing bankruptcy reorganization [2]. - The Chongqing Fifth Intermediate People's Court accepted the reorganization application from creditor Chongqing Anji Hongyan Logistics Co., Ltd. on July 21, 2025 [2]. - The meeting had 1,864 creditors expected to attend, representing a total unsecured debt of approximately 3.97 billion yuan, with 1,383 creditors actually present, holding 99.2% of the total unsecured debt [2]. Group 2: Meeting Agenda - The meeting included several key reports and proposals from the administrator, including the asset management plan for SAIC Hongyan, the method of convening the creditors' meeting, and the establishment of a creditors' committee [3][4][5]. - The deadline for voting on the proposed plans is set for October 20, 2025 [6].