东风集团最新公告：拟私有化退市

Core Viewpoint - Dongfeng Motor Group plans to list its subsidiary, Lantu Automotive, through an introduction listing on the Hong Kong Stock Exchange while simultaneously completing its privatization and delisting process [1][2]. Group 1: Listing and Valuation - Lantu Automotive is expected to have a valuation of approximately 40 billion yuan [1]. - The transaction will involve a "share distribution + absorption merger" model, where Dongfeng will distribute 79.67% of Lantu's shares to all shareholders before Lantu's listing [2]. - The estimated valuation of Lantu ranges between 36.786 billion yuan and 41.884 billion yuan, with a median of 39.335 billion yuan [5]. Group 2: Financial Performance - Dongfeng's overall performance has not met expectations, prompting a focus on consolidating resources towards emerging industries [7]. - In the first half of the year, Dongfeng reported sales revenue of 54.533 billion yuan, a year-on-year increase of 6.6%, but net profit dropped by 91.96% to 0.55 billion yuan [10]. - Lantu Automotive has shown improvement, with a cumulative sales volume of 56,100 units in the first half of the year, representing an 84.8% year-on-year increase, although it only achieved 28% of its annual sales target [13].