SERES(SH:601127) Mei Ri Jing Ji Xin Wen·2025-07-18 06:34Core Viewpoint - Chongqing Science City Urban Operation Group Co., Ltd. is selling its stakes in Chongqing Jinkang Power New Energy Co., Ltd. and Chongqing Sairisi Phoenix Intelligent Technology Co., Ltd. at a total minimum price of approximately 10.82 billion yuan [1] Group 1: Chongqing Jinkang Power New Energy Co., Ltd. - Chongqing Science City holds a 48.54% stake in Jinkang Power, which is primarily engaged in high-end electric vehicle drive system projects [1] - Jinkang Power reported revenues of 7.97 billion yuan in 2024 and 932 million yuan in Q1 2025, with net losses of 603 million yuan and 32 million yuan respectively [2][3] - As of Q1 2025, Jinkang Power's equity stood at -1.04 billion yuan [2] Group 2: Chongqing Sairisi Phoenix Intelligent Technology Co., Ltd. - Phoenix Intelligent was established in December 2023, with a 40.91% stake held by Chongqing Science City [3] - The company reported revenues of 1.29 billion yuan in 2024 and 264 million yuan in Q1 2025, with net losses of 352 million yuan and 58 million yuan respectively [4] - As of Q1 2025, Phoenix Intelligent's equity was -607 million yuan [4] Group 3: Ownership Structure - Chongqing Science City is a wholly-owned subsidiary of Chongqing Xiyong Industrial Development Co., Ltd., which is in turn wholly owned by the Chongqing Xiyong Comprehensive Bonded Zone Management Committee [5]