SJY.(SH:600676) Mei Ri Jing Ji Xin Wen·2026-01-10 04:15Core Viewpoint - The company, Jiaoyun Co., announced a significant asset restructuring plan to exchange its automotive-related assets for assets in the cultural and tourism sectors, aiming for a strategic business transformation [1][4]. Group 1: Asset Restructuring Details - The restructuring involves swapping automotive sales and after-service assets with cultural and tourism-related assets held by the controlling shareholder, Jiushi Group [1][4]. - Proposed assets to be acquired include 100% equity of Shanghai Jiushi Sports Event Management Co., which focuses on sports event commercial operations, and 100% equity of Shanghai Jiushi Performing Arts Co., which provides professional support for live performances in sports venues [2][3]. - The restructuring is expected to enhance the company's asset quality and competitive advantage, benefiting all shareholders [3][4]. Group 2: Rationale for Asset Disposal - The decision to divest automotive assets is driven by a declining market for traditional fuel vehicles, which has led to reduced consumer demand and limited profitability in the automotive sales sector [4][5]. - The automotive parts manufacturing sector is facing high fixed costs and a structural market change, resulting in decreased orders and production halts for certain fuel vehicle components [4][5]. - The company reported a net loss of 28.78 million yuan in the first three quarters of 2025, despite a 6.87% increase in revenue, indicating the need for a strategic pivot [5].