SENSTEED(SZ:000981) Sou Hu Cai Jing·2025-09-18 07:15Core Viewpoint - The news highlights the ongoing bankruptcy restructuring process of Neta Auto's parent company, Hezhong New Energy, with a focus on the involvement of Shanzi Gaoke, which has paid a deposit and is exploring investment opportunities in Neta Auto amid the restructuring efforts [1][5]. Group 1: Investment and Financial Activities - Shanzi Gaoke has paid a deposit of 10 million yuan to the management of Hezhong New Energy as part of the bankruptcy restructuring process [1]. - As of September 12, Shanzi Gaoke is the only investor to have submitted a deposit, with no other potential investors having done so [1]. - The first creditors' meeting confirmed a total debt of 265.8 billion yuan, with 51.8 billion yuan recognized as valid claims [5][7]. Group 2: Company Operations and Management - A team from Neta Auto has been working in Shanghai to assist the management in sorting out the company's debt and asset situation [1]. - The management is actively engaging with potential investors to enhance their interest in the restructuring process [7]. - Shanzi Gaoke's involvement in the restructuring is uncertain, as the process is controlled by Hezhong New Energy [1]. Group 3: Previous Investment Attempts - Shanzi Gaoke previously attempted to invest in Neta Auto during a planned E-round financing in February, proposing to lead a 3.5 to 4.5 billion yuan investment, which ultimately did not materialize due to internal shareholder opposition [1]. - The company has a history of engaging in various automotive investments, including a 1.07 billion yuan acquisition of a controlling stake in Hongxing Automobile [12]. Group 4: Future Plans and Developments - Shanzi Gaoke is planning to launch a new range-extended vehicle priced around $10,000, with a strategic partnership with Tmall for online sales [8][9]. - The company aims to enhance its core competitiveness through ongoing research and development, supported by recent asset sales [14].