GWE(SH:600192) Ge Long Hui·2025-12-30 07:54Core Viewpoint - The company, Great Wall Electric (600192.SH), is implementing a plan to enhance efficiency by liquidating its underperforming subsidiary, Mingdian Company, which has been operating at a loss since its establishment in 2004 [1] Group 1: Company Actions - Great Wall Electric plans to liquidate its subsidiary, Mingdian Company, due to its failure to achieve joint venture objectives and significant operational losses [1] - The decision to liquidate was made after mutual agreement between the shareholders, as Mingdian Company ceased operations in 2023 [1] - The initial investment in Mingdian Company was RMB 14.8985 million (approximately USD 1.8 million), and the company has recognized cumulative investment losses of the same amount by early 2025 [1] Group 2: Financial Impact - The liquidation of Mingdian Company will not affect the consolidated financial statements of Great Wall Electric, as the subsidiary was not included in the consolidated reports [1] - The overall business development of Great Wall Electric is not expected to be adversely impacted by this liquidation [1]