YINYI(SZ:000981) Mei Ri Jing Ji Xin Wen·2025-04-08 15:33Core Viewpoint - The company, formerly known as Yin Yi Co., has been gradually divesting its real estate-related businesses and is now planning to sell its last remaining property management segment to focus entirely on the automotive sector [1][2]. Group 1: Company Strategy and Transactions - The company announced the sale of 100% equity in Zhejiang Shanzi Smart Service Co., Ltd. for 473.5 million yuan to Hezhong Changqing Smart Service Co., Ltd. [1][4] - The purpose of this sale is to optimize the company's automotive industry chain and clarify its strategic positioning [2]. - The funds from this transaction will be used for key project investments and to supplement the company's working capital, positively impacting cash flow [2]. Group 2: Financial Performance of the Sold Entity - As of December 31, 2024, Shanzi Smart Service reported total assets of 526 million yuan and a net asset of 30.6 million yuan, showing improvement from the previous year when it had negative net assets [2]. - The revenue for Shanzi Smart Service reached 817 million yuan in 2024, with a net profit of 16.08 million yuan, slightly down from the previous year's profit [2][3]. Group 3: Company Financial Outlook - The company is projected to incur a loss of between 980 million yuan and 1.49 billion yuan in 2024, although this represents a narrowing of losses compared to the previous year [6]. - The losses are attributed to rising costs in the hybrid dual-clutch transmission project, historical debt interest expenses, and initial production costs in the new energy vehicle segment [6].