Core Viewpoint - Chengfei Integration (成飞集成) plans to transfer up to 18.92% of its stake in Sichuan Chengfei Integration Jiweng Automotive Parts Co., Ltd. (集成吉文) through public listing, while retaining control as the majority shareholder [1] Group 1: Company Actions - Chengfei Integration will remain the controlling shareholder of Jiweng after the stake transfer, which requires state-owned asset approval and public listing procedures [1] - The company is undergoing a transformation strategy, shifting focus from traditional automotive parts to aerospace components, automotive lightweighting, and low-altitude economy [1] Group 2: Company Background - Jiweng specializes in lightweight automotive parts stamping and welding, as well as the design and manufacturing of automotive covering molds and fixtures, serving major automotive manufacturers like VOLVO and FAW Toyota [1] - Jiweng was established in October 2012 as a wholly-owned subsidiary of Chengfei Integration and was renamed after introducing new shareholders in 2021 [1] Group 3: Financial Performance - Chengfei Integration expects a net loss of between 11 million to 16 million yuan for the first half of the year, an improvement from a loss of 26.6 million yuan in the same period last year, representing a 39.84% to 58.64% improvement [2] - The improvement in performance is attributed to increased production and sales in the aerospace parts business, reduced financial expenses due to exchange rate gains, and decreased extraordinary expenses from the previous year [2] Group 4: Market Position - As of August 14, Chengfei Integration's stock price was 35.91 yuan per share, with a total market capitalization of 12.9 billion yuan [3]