YT(SH:600692) Sou Hu Cai Jing·2025-11-28 14:43Core Viewpoint - Yatong Co., Ltd. (600692) is expanding its investment in the renewable energy sector through a new joint venture, indicating a strategic focus on sustainable energy solutions [1]. Group 1: Company Performance - As of November 28, 2025, Yatong Co., Ltd. closed at 8.18 yuan, up 1.24% from the previous trading day, with a total market capitalization of 2.877 billion yuan [1]. - The stock opened at 8.05 yuan, reached a high of 8.18 yuan, and a low of 7.97 yuan, with a trading volume of 31.32 million yuan and a turnover rate of 1.52% [1]. Group 2: Investment Announcement - Yatong Co., Ltd. announced that its wholly-owned subsidiary, Shanghai Yashen Shuwei New Energy Development Co., Ltd., plans to establish a joint venture named Shanghai Yahang New Energy Co., Ltd. with Shanghai Hengsha Asset Management Co., Ltd. [1]. - The registered capital for the new venture is set at 45 million yuan, with Yashen Shuwei contributing 36 million yuan (80% ownership) and Hengsha contributing 9 million yuan (20% ownership) [1]. - The investment will focus on the renewable energy sector, including power generation technology services, solar and wind power technologies, and energy management contracts [1]. - The investment has been approved by the company's board of directors but is pending approval from the state-owned assets supervision and administration department [1]. - This investment does not constitute a related party transaction or a major asset restructuring [1].