Shanzi High-Tech hits limit-up; Taiyi Shenglian plans 3 billion yuan to take control of Hozon New Energy

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Summary · why it matters

On the morning of September 14, Shanzi High-Tech hit limit-up at the open, with more than 1.9 million lots locked on the buy side and turnover exceeding 700 million yuan. On the news front, the fourth creditors' meeting in the bankruptcy restructuring case of Hozon New Energy was held online on September 11. The draft restructuring plan shows that Zhejiang Taiyi Shenglian Enterprise Management Partnership intends to invest 3 billion yuan to take control, in exchange for roughly 70.62 percent of Hozon New Energy's equity. Business registration information shows that Taiyi Shenglian is jointly formed by Zhejiang Shanzi Holding Company Limited and Zhejiang Shanzi Yuxu Technology Company Limited. The actual controller of the former is Ye Ji, chairman of Shanzi High-Tech, while the actual controller of the latter is Yu Shuxin, head of the board office at Shanzi High-Tech. Hozon New Energy is the parent company of Neta Auto. In June 2025, the Jiaxing Intermediate People's Court accepted its bankruptcy restructuring case, and this September the restructuring made substantive progress. In addition, Zotye Auto disclosed phased progress in resuming production, with a new A0-class model already entering batch trial production, and the stock posted four limit-ups in the past five trading days. GAC Group was suspended for the entire day on September 14 pending an announcement on a major matter, with market talk suggesting that FAW and GAC may pursue a shareholding joint venture or strategic restructuring.

Impact on stocks 3

Others▲ · 3 stocks
Zotye Automobile Co Ltd
000980
▲ PositiveDemandrelevance

Zotye disclosed phased progress in resuming production, with a new A0-class model entering batch trial production, and the stock posted four limit-ups in five days.

Theme Impact 2

Off-coverage companies 4

Neta Auto (Hozon New Energy Automobile)Private▲ Positive
Capitalrelevance

Taiyi Shenglian plans to invest 3 billion yuan to take control of Hozon New Energy (Neta Auto's parent) in exchange for about 70.62% equity, advancing its bankruptcy restructuring.

浙江太乙圣莲企业管理合伙企业（有限合伙）Private± Mixed
relevance

浙江山子控股有限公司Private± Mixed
relevance

浙江山子玉虚科技有限公司Private± Mixed
relevance

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