Group 1 - The core point of the article is that Xie Shi Electric Vehicle New Materials (06128) is undergoing a significant shareholder transfer and is considering a major sale of its indirect wholly-owned subsidiary in the United States [1] Group 2 - On November 27, the stock of Xie Shi Electric Vehicle New Materials was transferred from Dahua Jixin (Hong Kong) to Changli Securities, with a transfer value of HKD 31.9057 million, accounting for 9.16% of the total shares [1] - The company announced its intention to sell its indirect wholly-owned subsidiary established in Delaware, USA, which may constitute a very substantial disposal under the Hong Kong Stock Exchange Listing Rules Chapter 14 if the sale proceeds [1]

Core Viewpoint - The company, Xinshi Electric Vehicle New Materials (06128.HK), reported a decline in total revenue for the first half of 2025, primarily due to unfavorable market and economic conditions [1] Financial Performance - Total revenue decreased to approximately 76.8 million HKD, representing an 18% year-on-year decline [1] - Gross margin increased from approximately 32% in the same period of 2024 to about 36%, attributed to improved gross margin in the graphene segment [1] - Loss attributable to shareholders was approximately 24.6 million HKD, a significant reduction from a loss of 54.1 million HKD in the same period of 2024 [1]