Ge Long Hui A P P·2025-12-09 12:59Core Viewpoint - ST Meichen (300237.SZ) is divesting its wholly-owned subsidiary, Hainan Meichen Ecological Development Co., Ltd., to focus on its core automotive parts business and improve financial metrics [1] Group 1: Strategic Development - The company aims to enhance its core competitiveness in the automotive parts sector and optimize the layout of state-owned capital industries [1] - The divestment is part of a broader strategy to alleviate financial pressure and ensure sustainable development for the listed company [1] Group 2: Transaction Details - The 100% equity stake in Hainan Meichen will be sold through a non-public agreement to Weifang Chuangwei Investment Management Co., Ltd. [1] - Following the completion of this transaction, the company will no longer hold any equity in Hainan Meichen, and it will be excluded from the company's consolidated financial statements [1]