SNAT(SH:600841) Zheng Quan Ri Bao·2026-01-15 13:16Core Viewpoint - The company Shanghai New Power Automotive Technology Co., Ltd. (referred to as "New Power") is expected to turn a profit in 2025, with projected net profit ranging from 2.752 billion to 2.852 billion yuan [2]. Group 1 - The company's wholly-owned subsidiary, SAIC Hongyan Automobile Co., Ltd. (referred to as "SAIC Hongyan"), is set to have its restructuring plan approved by the court in December 2025, which will result in its financial statements no longer being included in New Power's consolidated financial statements [2]. - The one-time equity disposal gain from SAIC Hongyan's exclusion from the consolidated scope is estimated to be between 3.367 billion and 3.467 billion yuan, representing approximately 168% to 173% of the audited net profit attributable to shareholders for the year 2024 [2]. Group 2 - In 2025, the company plans to actively expand its market, with engine sales projected to reach 178,300 units, reflecting a year-on-year growth of 22.32% [3].