JQSY(SH:600212) Shang Hai Zheng Quan Bao·2025-09-11 18:49Investment Overview - The company is establishing a joint venture named Xi'an Jingkai Qiongqiong New Energy Co., Ltd. with a registered capital of RMB 25 million, where the company will contribute RMB 5 million for a 20% stake, while Xi'an Jingkai Urban Development Group will contribute RMB 20 million for an 80% stake [2][3][5] - The joint venture will acquire assets or equity related to the construction of the Xi'an R&D and manufacturing base project, which is being managed by Xi'an Jingkai Industrial Co., Ltd. [3][9] Project Details - The investment is part of the Xi'an R&D and manufacturing base project, which aims to enhance the company's capabilities in charging pile and energy storage businesses [14] - The project is expected to accelerate construction progress, and the company plans to repurchase the project upon completion [14] Financial Implications - The investment will be funded by the company's own resources, ensuring no pressure on cash flow or impact on normal operations [14] - The company has confirmed that this investment does not constitute a major asset restructuring as per regulatory definitions [4] Governance Structure - The joint venture will not have a board of directors; the executive director and general manager will be appointed by Xi'an Jingkai Group [7][9]