---
title: "SENSSUN plans to publicly list and transfer 100% equity of Xiangshan Electronics to optimize its asset structure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261622148.md"
description: "SENSSUN plans to publicly list and transfer 100% equity of its wholly-owned subsidiary, SENSSUN Electronics, at the Zhuhai Property Rights Exchange Center, with a listing price of 400 million yuan. This transaction will result in the company no longer holding the weighing business, optimizing its asset structure, increasing cash reserves, and reducing the debt ratio. The proceeds will be used for daily operations and to promote the development of the automotive business"
datetime: "2025-10-17T11:56:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261622148.md)
  - [en](https://longbridge.com/en/news/261622148.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261622148.md)
generator: "portal-rs"
---

# SENSSUN plans to publicly list and transfer 100% equity of Xiangshan Electronics to optimize its asset structure

According to the announcement from Zhitong Finance APP, SENSSUN (002870.SZ) plans to publicly transfer 100% equity of its wholly-owned subsidiary Guangdong Xiangshan Electronic Technology Co., Ltd. ("Xiangshan Electronics") at the Zhuhai Property Rights Exchange Center. The initial transfer price is set at 400 million yuan. If the equity transfer is successfully completed, the company will no longer hold the weighing business and related assets, and Xiangshan Electronics and its subsidiaries will no longer be included in the company's consolidated financial statements.

The announcement stated that through this transaction, the company aims to quickly recover investment returns, increase cash reserves, optimize the company's asset structure, and reduce the debt ratio. The proceeds from this transaction will mainly be used for the company's daily operations and debt reduction, promoting the development of the company's automotive business

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**