Core Insights - The event "I am a Shareholder - Visiting West Shanghai" was organized by Huatai Securities on December 19, 2025, to enhance investors' understanding of listed companies' investment value and promote shareholder awareness and value investment concepts [1][9]. Group 1: Event Overview - The event was co-hosted by Huatai Securities and West Shanghai, with participation from over 30 investors who visited the company focused on comprehensive automotive logistics services and the production and sales of automotive parts [1][9]. - Investors toured the West Shanghai development history exhibition hall, gaining in-depth insights into the company's basic profile, development history, core products and technologies, and industrial layout [3][11]. Group 2: Investor Engagement - After the tour, a face-to-face discussion was held where West Shanghai's board secretary, Li Jiabao, addressed investors' concerns regarding the company's main business development, competition in the automotive industry, and strategies for new market expansion [5][13]. - Investors expressed interest in the company's innovative achievements, particularly the application of new technologies in production [5][13]. Group 3: Company Profile - West Shanghai Automotive Service Co., Ltd. was established in July 2002 and is located in the Shanghai International Automobile City (Anting), focusing on comprehensive automotive logistics services and the production and sales of automotive parts [8][15]. - The company operates 4 subsidiaries, 13 wholly-owned subsidiaries, and 8 holding subsidiaries across regions including Shanghai, Yantai, Guangzhou, Beijing, Tianjin, and Ningbo, employing over 2,000 people [8][15]. - West Shanghai aims to provide integrated solutions, ensuring supply chain security and delivering satisfactory comprehensive logistics services to clients [8][15].

Group 1 - The company expects a net profit attributable to shareholders of the parent company for the first half of 2025 to be between -8.54 million yuan and -7.06 million yuan, indicating a loss compared to the same period last year [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be between -4.88 million yuan and -4.03 million yuan [1][2] - The previous year's total profit was 65.45 million yuan, with a net profit attributable to shareholders of the parent company of 44.13 million yuan [1] Group 2 - The decline in revenue and profit is primarily due to reduced demand for warehouse leasing and operational business from well-known domestic joint venture automobile manufacturers, as their production and sales have decreased [2] - Intense competition in the automotive industry has led to a "price war," compressing the gross profit of the company's original automotive trim business, while new projects have lower margins and some have incurred losses [2] - The company has also recorded losses due to fluctuations in the fair value of investments in private equity funds, resulting in a provision for fair value changes [2]