NBHX(002048) 证券时报网·2025-02-26 18:04Core Viewpoint - Ningbo Huaxiang is selling its European business for 1 euro to Mutares, a German private equity firm, to address long-term losses that have negatively impacted the company's overall development [1][3]. Group 1: Company Overview - Ningbo Huaxiang primarily engages in the design, development, production, and sales of automotive parts, operating in the automotive manufacturing industry [2]. - The company has established a global production base, including facilities in Europe (Germany, Romania), North America (Mexico, USA, Canada), and Southeast Asia (Indonesia, Vietnam, Philippines) [2]. Group 2: Financial Performance - In the first half of 2024, Ningbo Huaxiang's subsidiary, Ningbo Lawrence, reported a revenue increase of 36.12% year-on-year, while net profit decreased by 105.91% due to internal restructuring [2]. - For the first three quarters of 2024, Ningbo Huaxiang achieved a revenue of 18.14 billion yuan, a year-on-year increase of 10.55%, but net profit fell by 14.62% [3]. Group 3: Strategic Decisions - Since 2014, Ningbo Huaxiang's German operations have incurred significant losses, prompting the company to undertake a major restructuring of its European business [3]. - The company has shifted production capacity and technical capabilities from Germany and the UK to Romania, aiming to establish Romania as the strategic center for its European operations [3]. Group 4: Market Reaction - Following the announcement of the sale, Ningbo Huaxiang's stock price hit the daily limit, closing at 13.75 yuan per share [4].