Shanghai Carthane Co Ltd

Affected by the Zunjie V800 brake pedal bracket fracture incident, JAC Motors opened sharply lower at the daily limit-down price on October 9, briefly broke the limit down during trading, and finally closed at 22.75 yuan per share. The previous day it had already sealed the limit-down board. Calculated from the high of 28.64 yuan per share on September 30, market value evaporated by more than 13 billion yuan over two trading days. On the evening of October 8, Zunjie Automobile issued a statement saying it would further optimize the design of the component and provide free upgrade options for delivered users, while emphasizing that its braking system had completed full-process development and verification according to requirements higher than national and industry standards, and that no brake pedal bracket base fracture failure had occurred since the first batch of vehicles was delivered. Li Yanwei, an expert committee member of the China Automobile Dealers Association, pointed out that the GB 7258-2026 cited in the statement has not yet been implemented; the standard will take effect on July 1, 2027, and citing the number cannot prove that the vehicle has passed formal inspection. JAC Motors and Huawei are cooperating under the Harmony Intelligent Mobility Alliance model to build the ultra-luxury brand Zunjie. The V800 involved was launched on August 5 this year, positioned as a million-yuan-class luxury MPV, priced from 766,000 yuan to 1.016 million yuan, and achieved full-version scale delivery at the end of September. On the industry chain side, Kaizhong Shares opened lower at 10.64 yuan on October 9 and closed down 5.98% at 10.07 yuan. Its staff admitted supplying JAC Motors but said the supply volume was not large, and stated that the company is paying close attention to and assessing the matter.

Kaizhong Shares released its 2026 interim report, with total operating revenue of 387 million yuan and net profit attributable to the parent of 30.5944 million yuan, down 19.04% from the same period last year. Net cash inflow from operating activities was 15.6673 million yuan, down 80.24% year-on-year. The company's asset-liability ratio was 37.31%, gross margin was 29.02%, ROE was 3.07%, and diluted earnings per share was 0.11 yuan. The number of shareholders was 19,300, and the top ten shareholders held 46.24% of the total share capital.

Kaizhong Shares disclosed its semi-annual report on August 26. In the first half of 2026, it achieved operating revenue of 387 million yuan, up 10.87% year-on-year; net profit attributable to shareholders of the listed company was 30.5944 million yuan, down 19.04% year-on-year; basic earnings per share were 0.11 yuan. During the reporting period, the change in operating revenue was mainly due to increased income from mass production of new projects.