Core Viewpoint - Changzhou Shenli Motor Co., Ltd. (referred to as "Shenli Co.") is undergoing a significant change in control as its actual controller, Chen Zhongwei, plans to transfer 47.9 million shares to Liaoning Weishu and its concerted party, Guangzhou Kangqi Asset Management Center, for a total consideration of 697 million yuan at a price of 14.55 yuan per share [2][3][4]. Group 1: Share Transfer Details - Chen Zhongwei will transfer 32.65 million shares (15% of total share capital) to Liaoning Weishu and 15.25 million shares (7% of total share capital) to Kangqi Asset Zhi Yuan No. 1 Private Securities Investment Fund [4]. - After the transfer, Liaoning Weishu and its concerted parties will hold a total of 47.9 million shares, representing 22% of the company's total share capital, making Liaoning Weishu the new controlling shareholder [3][4]. Group 2: Financial Performance - Shenli Co. reported a net loss attributable to shareholders of 167 million yuan in 2022 and 5.83 million yuan in 2023, with a projected net loss of 47 million to 24 million yuan for the year 2024 [5]. - The company anticipates a non-recurring net profit of between -55 million and -32 million yuan for 2024 [5]. Group 3: Legal and Performance Commitments - The company is facing a legal dispute with Lijian Defense Technology Group regarding the non-payment of the third installment of the repurchase price amounting to 177 million yuan, leading to a provision for bad debts of approximately 76 million yuan [8]. - Chen Zhongwei has committed to ensuring that the net profit from the core business of motor stators, rotor punchings, and iron cores will not be less than 10 million yuan per year from 2024 to 2026, with compensation obligations if this target is not met [9].
神力股份:控股股东生变