Core Viewpoint - The company has decided to terminate the Zhongshan Digital Intelligent Industrial Park project after careful evaluation of the current market conditions, reallocating the previously designated funds to other investment projects [4][6]. Group 1: Project Termination - The Zhongshan Digital Intelligent Industrial Park project has been officially terminated by the company's board and shareholders [4]. - The project had already incurred an investment of approximately 114.37 million yuan (about 16.1 million USD) [4]. - The company plans to redirect the funds originally allocated for this project to other fundraising projects [4]. Group 2: Project Background - The total investment for the Zhongshan Digital Intelligent Industrial Park project was estimated at 1.03 billion yuan (approximately 143 million USD), covering an area of about 109 acres [7]. - The project aimed to create a modern industrial complex integrating research, production, and marketing of products such as locks, bathroom fixtures, and lighting [7]. - Upon reaching full production capacity, the project was expected to generate an annual output value of no less than 3 billion yuan (around 420 million USD) and tax revenue of at least 130 million yuan (approximately 18 million USD) [7]. Group 3: Financial Performance - In 2024, the company reported a revenue of 6.638 billion yuan (approximately 930 million USD), a year-on-year decrease of 14.92% [10]. - The net profit attributable to shareholders was 89.99 million yuan (about 12.4 million USD), down 72.23% compared to the previous year [10]. - In the first quarter of 2025, the total revenue was 1.206 billion yuan (around 168 million USD), reflecting an 11.70% decline year-on-year, with a net loss of 40.61 million yuan (approximately 5.6 million USD) [10].

Group 1 - Aisin (Tianjin) Body Parts Co., Ltd. was recently listed in the administrative penalty public notice for failing to conduct an emergency plan assessment as required [1][3] - The company is part of Aisin Group, a Fortune Global 500 company and the sixth largest automotive supplier globally, with 208 companies and approximately 110,000 employees worldwide [3][4] - Aisin (Tianjin) Body Parts Co., Ltd. primarily serves major clients such as FAW Toyota, Mercedes-Benz, SAIC, JAC, and Great Wall, producing components like panoramic sunroofs, door locks, and window regulators [3] Group 2 - The company was established in 2001 with a registered capital of 13,680 million RMB, and its legal representative is Zhu Zhongshan [4] - Aisin (China) Investment Co., Ltd., the major shareholder, was also founded in 2001 with a registered capital of 19,848.3 million USD, and Zhu Zhongshan serves as its legal representative as well [4]