Sinomach Automobile Co LtdGuojili Auto's associate Xinbang Kechuang has bankruptcy liquidation accepted, and Guojili Auto has already recognized full investment loss, reducing carrying amount to zero.

Guojili Auto announced that its associate company, Xinbang Zhuhai Kechuang Industrial Development, has had a bankruptcy liquidation application accepted by the Zhuhai Intermediate People's Court. The application was filed by creditor Guangdong Xinbang Automation Equipment Group, and the court docketed the case on August 7, 2026. As of the end of 2023, Guojili Auto's long-term equity investment balance in Xinbang Kechuang stood at 11.15 million yuan. In the first half of 2024, it had already recognized an investment loss of 11.15 million yuan under the equity method, reducing the carrying amount to zero.
Sinomach Automobile Co LtdGuojili Auto's associate Xinbang Kechuang has bankruptcy liquidation accepted, and Guojili Auto has already recognized full investment loss, reducing carrying amount to zero.
Xinbang Kechuang, the associate of Guojili Auto, has had a bankruptcy liquidation application accepted by the court, directly affecting its operations.
Guangdong Xinbang Automation Equipment Group filed the bankruptcy liquidation application against Xinbang Kechuang, but the impact on the creditor is not detailed.