停止运营且资不抵债，金杯汽车拟1元处置不良资产

Core Viewpoint - Jinbei Automotive Co., Ltd. plans to transfer 95% equity of its subsidiary, Shenyang Jincheng Automotive Technology Development Co., Ltd., in Tieling Huachen Rubber and Plastic Products Co., Ltd. through public listing, with an initial price of no less than 1 RMB due to the company's negative equity valuation of -77.36 million RMB [2][3]. Transaction Background - The equity transfer is a response to the operational difficulties faced by Tieling Huachen Rubber and Plastic, which primarily produces automotive parts. The company has been severely impacted by the bankruptcy of its two main customers, leading to significant operational debts and legal issues [3]. - As of July 31, 2025, Tieling Huachen Rubber and Plastic reported total assets of 13.33 million RMB, total liabilities of 139.15 million RMB, and a net asset value of -125.82 million RMB, indicating insolvency and an inability to turn around its financial situation [3]. Transaction Details - The transaction involves a clear ownership of the 95% equity with no encumbrances, although some properties and land are either unregistered or frozen. The initial listing price is set at no less than 1 RMB, with the final price determined by the bidding process [4]. - The board of directors approved the equity transfer on October 15, 2025, without requiring shareholder approval, but it must follow public listing procedures. Additionally, Jinbei Automotive has receivables of 42.23 million RMB from Tieling Huachen Rubber and Plastic, which may impact financial reporting post-transaction [4]. Transaction Impact - The equity transfer is expected to positively influence Jinbei Automotive's profits for the fiscal year 2025 by optimizing resource allocation and reducing operational risks. Post-transaction, Tieling Huachen Rubber and Plastic will no longer be included in the consolidated financial statements [5]. - However, there are risks associated with the uncertainty of the final transaction counterpart and price, as well as the potential non-recovery of 41.32 million RMB in receivables, which the company will pursue as a creditor [5][6].