东风集团私有化推岚图上市，上半年净利大跌91.96%求变局

Core Viewpoint - Dongfeng Motor Group has announced a privatization proposal for Dongfeng Group Co., which includes significant strategic steps for future transformation [1][3]. Group 1: Privatization Process - Dongfeng Motor Group (Wuhan) Investment Co. will privatize Dongfeng Group Co. through a merger, leading to the complete takeover of all assets, liabilities, and operations of Dongfeng Group Co. [1] - After the merger, all H-share shareholders, except for those directly held by Dongfeng Motor Group, will receive a cash cancellation price of HKD 6.68 per share [1]. Group 2: Distribution of Lantu Automotive Shares - Dongfeng Group Co. will distribute all its shares in Lantu Automotive, which accounts for approximately 79.6691% of its holdings, to existing shareholders based on their shareholding ratio [3]. - Lantu Automotive's overall valuation is estimated to be between RMB 36.786 billion and RMB 41.884 billion, while Dongfeng Group Co.'s total market value was RMB 45.242 billion as of August 22 [3]. Group 3: Conditions for Delisting - The announcement outlines the prerequisites for Dongfeng Group Co. to voluntarily delist its H-shares, which include approvals from the National Development and Reform Commission, shareholder meetings, and the successful listing of Lantu Automotive [3]. Group 4: Trading Suspension - Dongfeng Group Co.'s H-shares will be suspended from trading on the Hong Kong Stock Exchange starting August 11, 2025, with a request for resumption of trading on August 25, 2025 [4]. Group 5: Financial Performance - Dongfeng Group Co. reported a significant year-on-year sales growth of 84.8%, although overall performance has been affected by industry transformation and increased market competition [6]. - Lantu Automotive has shown signs of financial improvement, achieving quarterly profitability in Q4 of the previous year, despite previous losses [6].