From：Internet Info Agency 2026-10-31 20:06:00
On October 30, Sunwoda announced that its subsidiary Sunwoda Power Technology Co., Ltd. is conducting a C++ round of capital increase and share expansion. Hanxing Venture Capital Co., Ltd., a wholly-owned subsidiary of Xiaomi Technology Co., Ltd., subscribed to RMB 897,805,204 of newly registered capital in Sunwoda Power for RMB 1.7 billion, corresponding to a 5.34% stake after the capital increase is completed. Upon completion of the transaction, Hanxing will become the third largest shareholder of Sunwoda Power, ranking behind the largest shareholder Sunwoda Huizhou New Energy Co., Ltd. and the second largest shareholder Beijing Li Auto Co., Ltd. The announcement shows that before this capital increase, Sunwoda Power's registered capital was RMB 15,914,811,928, and will increase to RMB 16,812,617,132 after completion. Of Hanxing's RMB 1.7 billion capital contribution, approximately RMB 898 million will be counted as registered capital, with the remainder counted as capital reserve. The total equity value before the capital increase disclosed in the announcement was RMB 30,134.80 million. After the capital increase is completed, Sunwoda Huizhou New Energy Co., Ltd.'s shareholding in Sunwoda Power will decrease from 24.06% to 22.78%, remaining the largest shareholder; Beijing Li Auto Co., Ltd. holds 8.32%, ranking second; Hanxing holds 5.34%, becoming the third largest shareholder. Tianjin Hexie Haihe Equity Investment Partnership (Limited Partnership) holds 4.92%, and Sungrow Power Supply Co., Ltd. holds 4.12%. According to the announcement, this capital increase aims to deepen the strategic cooperation between Sunwoda Power and Xiaomi. The announcement clarifies that this transaction does not constitute a related-party transaction, nor does it constitute a major asset restructuring, and still needs to be submitted to Sunwoda's shareholders' meeting for deliberation. The announcement states that after the completion of this capital increase and share expansion and the election of a new board of directors, Sunwoda's board seats at Sunwoda Power will not exceed half, and Sunwoda will no longer have control over Sunwoda Power. According to accounting standards for business enterprises, Sunwoda Power will change from a controlled subsidiary of Sunwoda to an associate company and will no longer be included in Sunwoda's consolidated financial statements. The announcement discloses that Sunwoda Power's operating revenue for 2025 was RMB 20,092,964,800, with a net loss of RMB 3,168,618,600; operating revenue for January-June 2026 was RMB 15,528,921,000, with a net profit of RMB -323,816,800. As of June 30, 2026, Sunwoda Power's total assets were RMB 68,149,833,900, total liabilities were RMB 57,239,625,700, and net assets were RMB 10,910,208,100.
