ZOTYE(SZ:000980) Ju Chao Zi Xun·2025-10-09 04:16Core Viewpoint - The company, Zhongtai Automobile Co., Ltd., is undergoing a debt restructuring by selling part of its idle fixed assets through its subsidiary to improve asset efficiency and address debt issues [2]. Group 1: Debt Restructuring Details - The company announced the sale of idle production lines and equipment from its wholly-owned subsidiary, Zhejiang Shenkang Body Automobile Mould Co., Ltd., to Shenzhen Lixun Industrial Co., Ltd. for 30.6 million yuan (including tax) [2]. - The transaction is part of a tripartite debt restructuring agreement, where the company will use the proceeds from the asset sale to offset its debt to Lixun Industrial [2]. Group 2: Financial Background of Lixun Industrial - Shenzhen Lixun Industrial Co., Ltd. was established on April 24, 2019, with a registered capital of 100 million yuan, fully owned by Hong Kong Lixun Co., Ltd., a major shareholder of Luxshare Precision [2]. - As of December 31, 2024, Lixun Industrial reported total assets of 1.861 billion yuan, total liabilities of 1.81 billion yuan, and a net asset value of 51.1124 million yuan, with a revenue of 3.774 billion yuan and a net profit of 3.6184 million yuan for 2024 [2]. Group 3: Transaction Implications - The debt restructuring does not involve personnel placement, land leasing, or competition with related parties [3]. - After the transaction, there will be no new related transactions, no transfer of company equity, no changes in senior management, and the transaction counterpart will not become a potential related party [3].