Core Viewpoint - Dongfeng Motor Group plans to sell a 50% stake in Dongfeng Honda Engine Company, which is currently in the pre-listing stage, with a listing deadline set for September 12 [1][2]. Group 1: Company Overview - Dongfeng Honda Engine Company was established on May 26, 1998, located in Guangzhou, with a registered capital of 12,158.35 million USD and employs 827 people [1]. - The current ownership structure includes Dongfeng Motor Group holding 50%, Honda Motor Co., Ltd. holding 40%, and Honda Motor (China) Investment Co., Ltd. holding 10% [1]. Group 2: Financial Performance - In the 2024 fiscal year, Dongfeng Honda Engine Company reported an operating income of 95,662.22 million CNY, with a total profit loss of 21,643 million CNY and a net profit loss of 22,782 million CNY [2]. - As of June 30, 2025, the company reported an operating income of 380,734.34 million CNY, achieving a total profit of 43,629 million CNY and a net profit of 37,085 million CNY [2]. - The total assets were reported at 540,774 million CNY, with total liabilities of 327,129 million CNY and owner’s equity of 213,645 million CNY for 2024 [2]. Group 3: Implications of the Stake Sale - The planned stake sale is expected to significantly impact the future development of Dongfeng Honda Engine Company and has raised industry concerns regarding changes in the automotive sector's ownership structure and market competition dynamics [2].