Jin Rong Jie·2026-01-15 08:27Group 1 - The core point of the news is the completion of the business registration change for Dongfeng Honda Engine Co., Ltd., which is now fully owned by GAC Honda, marking the exit of Dongfeng Group and Honda from the company's shareholder structure [1][2] - The acquisition was driven by the need for business integration, as the engine company has been supplying engines for GAC Honda's fuel and hybrid vehicles since its establishment in 1998 [1] - The historical context of this arrangement dates back to 1998 when Honda took over the assets of bankrupt Guangzhou Peugeot and formed a joint venture with GAC Group, leading to the establishment of both GAC Honda and Dongfeng Honda Engine [1] Group 2 - Dongfeng Honda Engine has been a significant profit source for Dongfeng Group, with its financial performance closely linked to GAC Honda's sales [2] - In 2023, Dongfeng Honda Engine reported a revenue of 17.852 billion yuan and a net profit of 0.084 billion yuan, but in 2024, revenue dropped to 9.566 billion yuan with a net loss of 0.228 billion yuan [2] - The sale of the 50% stake by Dongfeng Group was aimed at optimizing its fuel vehicle asset structure to support the transition to new energy vehicles, with the stake sold for 1.172 billion yuan [2]