知名百亿A股，更名了！

Core Viewpoint - The company "Gree Real Estate" has officially changed its name to "Zhuhai Zhuhai Duty-Free Group" as part of its strategic transformation towards the duty-free consumption sector, marking a significant shift from its previous real estate focus [2][6]. Group 1: Company Name Change - The company completed the registration process for its name change on April 29, with the new name effective from May 8, 2025, while the stock code remains unchanged at 600185 [2][3]. - The registered capital of the company is now 1.885 billion RMB [2]. Group 2: Strategic Transformation - The name and stock abbreviation change reflects the company's strategic shift after a major asset swap completed in 2024, where it exchanged 100% equity and related debts of five real estate subsidiaries for a 51% stake in Zhuhai Duty-Free Group [6]. - The company aims to gradually exit the real estate business and focus on the duty-free sector, aligning with its future strategic direction [6]. Group 3: Financial Performance - In 2024, the company reported a total revenue of 5.201 billion RMB, with duty-free sales contributing 2.441 billion RMB, accounting for 46.94% of total revenue [7]. - The company experienced a net loss of 1.515 billion RMB, primarily due to legacy issues from its real estate operations, despite the duty-free business not being the main cause of the losses [7]. - As of April 29, 2025, the company's stock price was 6.36 RMB per share, reflecting a 2.91% increase, with a total market capitalization of 11.99 billion RMB [7].