The affiliated company incurred a loss of over 5.5 million yuan in the first eight months of last year. Neusoft Carrier plans to "liquidate" and exit, with a capital reduction consideration of approximately 22.37 million yuan.

Every reporter｜Wen Duo Every editor｜Dong Xingsheng

On March 26, Neusoft Carrier (SZ300183, stock price 13.87 yuan, market value 6.416 billion yuan) disclosed that it plans to exit its 50% stake in Shandong Electric Intelligent Technology Co., Ltd. (hereinafter referred to as Electric Intelligence) through a targeted capital reduction, with a reduction consideration of 22.3689 million yuan.

After the completion of this transaction, Neusoft Carrier will no longer hold equity in Electric Intelligence. The company stated that this move is based on the need for business development and resource allocation optimization, which is beneficial for enhancing asset operation efficiency.

Before the capital reduction, Electric Intelligence had a registered capital of 50 million yuan, of which Shandong Electric Group Co., Ltd. (hereinafter referred to as Shandong Electric) subscribed to a registered capital of 25 million yuan, accounting for 50% of Electric Intelligence’s registered capital; Neusoft Carrier also subscribed to a registered capital of 25 million yuan, equally accounting for 50% of Electric Intelligence’s registered capital. After the reduction is completed, Electric Intelligence’s registered capital will be reduced to 25 million yuan, with Shandong Electric holding 100% of the shares.

According to the asset assessment report with a valuation benchmark date of August 31, 2025, the assessed value of the total equity of the target company’s shareholders is 44.7378 million yuan.

In addition, during the transition period (from September 1, 2025, to February 28, 2026), the operating gains and losses will be borne or enjoyed by both parties according to the original equity ratio, and the final price will be adjusted based on the audit results.

In terms of payment arrangements, the capital reduction consideration will be paid in two installments: the first installment of 17.88 million yuan will be paid within 30 days after the agreement takes effect and the State-owned Assets Supervision and Administration Commission’s property registration is completed; the second installment will be determined based on the audit results of the transition period.

According to the Shenzhen Stock Exchange’s GEM stock listing rules, this transaction constitutes a related party transaction.

From the information disclosed by Neusoft Carrier, the company faced certain pressure on its performance last year.

According to Neusoft Carrier’s 2025 semi-annual report, the company achieved operating revenue of 504 million yuan in the first half of the year, a year-on-year decrease of 9.46%, while the net profit attributable to the parent company exceeded 13.25 million yuan, a year-on-year decrease of 76.36%.

Entering the third quarter, Neusoft Carrier’s performance has become even more concerning. The company disclosed that its operating revenue for the first three quarters reached 704 million yuan, but the net profit attributable to the parent company turned into a loss of approximately 10.92 million yuan.

After Neusoft Carrier disclosed its performance forecast for 2025, investors breathed a sigh of relief, as the company expects the net profit attributable to the parent company to decline by 79.80% to 86.53% year-on-year, but to achieve a profit of 9 million to 13.5 million yuan.

In 2025, Neusoft Carrier’s subsidiary, Guangdong Cloud Electric Investment Holding Co., Ltd., which it has invested in, is expected to bring financial asset fair value changes, increasing net profit by up to 11 million yuan.

How does Electric Intelligence’s performance compare to the invested Guangdong Cloud Electric Investment Holding Co., Ltd.?

Financial data shows that Electric Intelligence’s operating revenue in 2023 was 153.3979 million yuan, with a net profit of 5.8917 million yuan. In 2024, the company’s operating revenue was 84.263 million yuan, and net profit dropped to 3.1103 million yuan.

In the first eight months of 2025, Electric Intelligence’s operating revenue was 27.5805 million yuan, with a net loss of 5.7855 million yuan.

Neusoft Carrier’s 2024 annual report shows that the listed company invested 4.2 million yuan to co-establish Electric Intelligence in 2017, initially holding 35% of Electric Intelligence’s registered capital. In 2020, Electric Intelligence’s registered capital was changed to 50 million yuan, and in August 2022, the listed company acquired an additional 15% stake in Electric Intelligence for a total of 5.2143 million yuan. The total investment from both rounds exceeds 9 million yuan.

From a financial perspective, through targeted capital reduction, Neusoft Carrier can achieve a cash inflow of around 22.3689 million yuan, which is helpful for improving the cash flow situation of Neusoft Carrier, which is currently under performance pressure, and enhancing the efficiency of fund utilization. Secondly, from a risk control perspective, with Electric Intelligence’s performance declining, a timely exit helps to avoid potential investment risks and protect the interests of the listed company’s shareholders.

The company emphasizes that this capital reduction will not lead to changes in the scope of the company’s consolidated financial statements, nor will it have a significant impact on current profits and losses and production operations, and it meets the company’s operational development needs and legal regulations.

Cover image source: AIGC