招牌已被摘除！东本发动机公司易主

Core Viewpoint - Dongfeng Honda Engine Co., Ltd. has officially ceased operations as a joint venture, transitioning to GAC Honda following the acquisition of its 50% stake by GAC Honda [1][5][12]. Group 1: Company Transition - The Dongfeng Honda sign has been removed, and the company will be rebranded as GAC Honda Engine in the future [1]. - The official website has updated its logo to GAC Honda, although it still lists Dongfeng Honda Engine Co., Ltd. at the bottom [3]. - GAC Honda's acquisition of Dongfeng Honda Engine is part of a strategy to optimize fuel vehicle asset structure and support Honda's automotive strategy in China [10][12]. Group 2: Financial Details - GAC Honda agreed to acquire the 50% stake in Dongfeng Honda Engine for a base price of RMB 1.172 billion, funded through cash capital increase [5][12]. - The financial performance of Dongfeng Honda Engine shows a significant improvement, with revenue increasing from RMB 9.566 billion in 2023 to RMB 17.852 billion in 2024, and a turnaround from a net loss of RMB 228 million to a profit of RMB 84 million [8][16]. - In the first half of 2025, the company maintained profitability with revenue of RMB 3.807 billion and a net profit of RMB 371 million [8][15]. Group 3: Strategic Implications - The acquisition will allow GAC Honda to achieve complete autonomy in engine supply, reducing communication and transportation costs with external suppliers [16]. - The integration is expected to enhance supply chain stability, improve management efficiency, and lower costs, ultimately increasing competitiveness in the market [14][16].