子公司重整获批 动力新科将轻装上阵

Group 1 - The core announcement is that Shanghai New Power Automotive Technology Co., Ltd. (referred to as "New Power") has received a court ruling approving the restructuring plan of its wholly-owned subsidiary, SAIC Hongyan Automobile Co., Ltd. (referred to as "SAIC Hongyan"), which will terminate the company's restructuring process [1] - The restructuring plan was previously approved by the creditors in a second meeting, indicating broad recognition of the plan's rationality and feasibility, showcasing confidence in SAIC Hongyan's future development [1] - The approval of the restructuring plan allows SAIC Hongyan to enter the implementation phase, which is expected to systematically resolve historical debt issues and optimize the company's equity structure [1] Group 2 - Following the restructuring, New Power's equity interest in SAIC Hongyan will be adjusted to zero, and starting from December 2025, SAIC Hongyan's financial statements will no longer be included in New Power's consolidated financial statements [2] - The one-time equity disposal gain from this adjustment is estimated to account for approximately 150%-180% of New Power's audited net profit attributable to shareholders for the fiscal year 2024, with specific figures to be confirmed by the audited financial statements [2] - Analysts suggest that the exclusion of SAIC Hongyan from the consolidated scope will have a positive impact, allowing New Power to operate with a lighter burden moving forward [2]