Xin Lang Cai Jing·2026-02-27 08:41Core Viewpoint - The discussion revolves around the potential privatization of H-shares by companies like Baiyunshan, similar to the approach taken by Dongfang Automobile, to better reflect their enterprise value and enhance global influence [1]. Group 1: Company Actions - Dongfang Automobile has adopted a strategy of privatizing its H-shares and converting them into shares of Lantu Automobile, suggesting that the current stock price does not reflect the company's true value [1]. - Baiyunshan's H-shares have consistently traded below net asset value, prompting investor suggestions for a similar privatization strategy to enhance the value of Wanglaoji [1]. Group 2: Market Implications - The potential privatization of Baiyunshan's H-shares and conversion into Wanglaoji shares could not only reflect the true value of Wanglaoji but also strengthen its global expansion efforts [1]. - The listing of Jiaduobao in Hong Kong could pose a significant competitive threat to Wanglaoji if it were to pursue a similar listing strategy [1].