GUILIN FUDA (SH:603166) Zheng Quan Shi Bao Wang·2025-06-23 11:14Core Viewpoint - Fuda Co., Ltd. plans to establish a wholly-owned subsidiary, Guilin Fuda Drive Technology Co., Ltd., to take over the business of its existing subsidiary, New Energy Electric Drive, which will be subsequently deregistered [1][2] Group 1: Company Restructuring - The establishment of Guilin Fuda and the deregistration of New Energy Electric Drive will help the company optimize resource allocation and improve operational efficiency [2] - The new subsidiary will have independent legal status, facilitating related production and operational activities [2] - The transfer of employees from the New Energy Electric Drive to the new subsidiary will be conducted in accordance with national laws and regulations [2] Group 2: Financial Impact - The assets being contributed to the new subsidiary are valued at 475 million yuan (including tax) as per the asset evaluation report [1] - The contribution will consist of 470 million yuan allocated to the registered capital of the new subsidiary, with the remaining amount going to capital reserves [1] - The restructuring will not lead to significant changes in the company's consolidated financial statements or affect its business development and profitability [2][4] Group 3: Business Development - Fuda Co., Ltd. has been transitioning towards the new energy vehicle industry, focusing on new energy hybrid crankshafts and electric drive gears [2] - The company has secured multiple project allocations from major clients such as BYD, gaining entry into three strategic customer systems in 2024 [3] - Recent investments include a project for ultra-precision gears for electric drive systems and robotic transmission components in Pinghu Economic and Technological Development Zone [3]