Topstrong(SZ:300749) Mei Ri Jing Ji Xin Wen·2025-04-01 15:21Core Viewpoint - The company, Topsolid Jichuang, has terminated the negotiation to sell its loss-making subsidiary, Chengdu Topsolid, after nearly three months of discussions, indicating challenges in reaching a consensus on the transaction [1][3]. Group 1: Transaction Details - In January, Topsolid Jichuang signed a letter of intent with individual investor Feng Dan to sell 100% of Chengdu Topsolid, but the parties failed to reach a final agreement by the deadline of March 31 [3]. - The sale was intended to optimize the company's asset structure and improve operational efficiency, aligning with its long-term development goals [1]. - The transaction was to be conducted in cash, with an initial payment of 5 million yuan to be made by Feng Dan within three days of signing the letter of intent [3]. Group 2: Financial Performance of Chengdu Topsolid - Chengdu Topsolid reported losses exceeding 5 million yuan in 2023 and nearly 750,000 yuan in the first half of 2024 [2]. - The subsidiary experienced continuous losses from 2021 to the first half of 2024, with total losses exceeding 1 million yuan over this period [4]. - Revenue for Chengdu Topsolid declined significantly from over 100 million yuan in 2018 to only 8.39 million yuan in 2023, with just 3.08 million yuan in the first half of 2024 [4]. Group 3: Topsolid Jichuang's Overall Performance - In 2023, Topsolid Jichuang achieved a revenue of 1.284 billion yuan, a year-on-year increase of 19.65%, but its net profit attributable to shareholders decreased by 19.49% to 19.85 million yuan [5]. - The company anticipates a net loss of 130 to 180 million yuan for 2024, attributed to increased credit impairment provisions and asset impairment, alongside a decline in overall revenue due to market competition and reduced order volume [6].