SHENHUA HOLDINGS(SH:600653) Zheng Quan Shi Bao Wang·2025-09-02 13:52Core Viewpoint - Shenhua Holdings plans to invest 20 million yuan as a limited partner in the establishment of the Shenyang Automotive Industry Investment Fund, which has a total subscription amount of 800 million yuan, aiming to capitalize on opportunities in the automotive industry's transition to electrification, intelligence, and low carbon [2][3]. Group 1: Investment Details - The total subscription amount of the investment fund is 800 million yuan, with Shenhua Holdings contributing 20 million yuan, representing 2.5% of the total [2]. - Other limited partners include BMW China with 22 million yuan, Jinbei Automobile with 240 million yuan, Shenyang Qicheng with 102 million yuan, and Liaoyue Fund with 202 million yuan [2]. - The fund aims to leverage the resources of professional institutions and partners to incubate forward-looking projects while establishing risk isolation to reduce investment risks [2]. Group 2: Strategic Goals - Shenhua Holdings is actively seeking transformation and upgrading, having formed a project inspection team to evaluate and explore multiple projects across various fields [2]. - The company aims to extend its automotive industry chain and explore strategic emerging production areas, focusing on cultivating a "second growth pole" [2]. Group 3: Support from Major Shareholders - The investment fund's general partner and some limited partners are controlled by Shenyang Automotive Group, indicating increased support for Shenhua Holdings' transformation from its indirect controlling shareholder [3]. - Since acquiring 100% of Huachen Group, Shenyang Automotive Group has shown confidence in Shenhua Holdings' long-term investment value, with significant share purchases by the controlling shareholder and management [3]. Group 4: Financial Performance - In the first half of 2025, Shenhua Holdings reported revenue of 2.315 billion yuan, a year-on-year increase of 3.13% [4]. - The automotive sales segment achieved a sales volume of 6,711 BMW vehicles, reflecting a year-on-year growth of 17.6%, indicating resilience amid market challenges [4].