Guangdong Dcenti Auto-Parts Stock Ltd Co

Dishili has responded to the Shanghai Stock Exchange's inquiry regarding its sale of a 47 percent stake in Guangdong Weima. The transaction was valued at 47.47 million yuan. The buyer, Anhui Pengze, had total assets of just 44,400 yuan as of the end of September 2025 and no revenue. The company completed the ownership transfer and deconsolidated before receiving full payment, resulting in 27.36 million yuan in equity transfer receivables and 46.59 million yuan in related trade receivables, neither of which has been provisioned for bad debts. A disposal gain of 39.7 million yuan helped the company return to profitability in 2025. Dishili stated that the sale was driven by Guangdong Weima's consecutive years of heavy losses, as part of a strategy to divest loss-making assets and refocus on its core auto parts business. Although the initial payment was not received in full, the ultimate controller of the buyer, Dai Xinkai, has years of experience in lithium battery recycling and sufficient debt-servicing capacity. After the industrial and commercial registration change, the company lost substantive control, making deconsolidation compliant. Upon verification, Anhui Pengze has no related-party relationship with the listed company. As of the inquiry response date, the full 47.47 million yuan equity transfer payment has been received. Guangdong Weima returned to profitability in 2026. Under the installment repayment agreement, the first two installments totaling 16 million yuan were due, and actual repayments reached 16.35 million yuan. The company believes the risk of non-recovery is low, making the absence of bad debt provisions reasonable, and the transaction does not constitute profit manipulation.