SJY.(SH:600676) Shang Hai Zheng Quan Bao·2026-01-09 18:38Group 1 - The company is planning a significant asset swap to transition from its current automotive-related business to the cultural and sports industry, which is expected to constitute a major asset restructuring [1] - The asset swap involves exchanging automotive sales and services, as well as parts manufacturing, for assets related to the cultural and sports sectors held by the controlling shareholder, Shanghai Jiushi (Group) Co., Ltd. [1] - The company aims to improve asset quality, enhance risk resistance, and boost operational sustainability and competitive advantage through this strategic transformation [1] Group 2 - The company has reported continuous losses in its net profit attributable to shareholders, with figures of -1.74 billion yuan, -4.29 billion yuan, and -2.16 billion yuan for the first three quarters of 2023, 2024, and 2025 respectively [1] - The main business segments, including road freight and logistics, passenger vehicle sales, and automotive parts manufacturing, are under pressure due to intense competition and declining consumer demand [2] - The proposed assets to be acquired include 100% equity of Shanghai Jiushi Sports Event Management Co., Ltd., a newly established sports venue operation company, and significant stakes in various sports and tourism-related entities [2][3] Group 3 - Shanghai Jiushi Sports Event Management Co., Ltd. holds numerous high-profile sports assets, including major events like the F1 Chinese Grand Prix and various sports venues in Shanghai [3] - The company also manages landmark sports facilities and has a basketball club that is the only entity in Shanghai qualified to participate in the Chinese Men's Basketball Professional League (CBA) [3]