Hua Xia Shi Bao·2025-04-30 15:46Group 1 - The core viewpoint of the article highlights that Nanguo Real Estate Co., Ltd. reported significant revenue growth in 2024 but continued to face substantial net losses, indicating a "revenue increase without profit" situation [2][4][5] - In 2024, Nanguo achieved a revenue of 2.97 billion yuan, a year-on-year increase of 180.46%, while the net profit attributable to shareholders was -2.24 billion yuan, a decrease of 32.18% [2][5] - The company has been under financial pressure, with a net asset value of -1.75 billion yuan at the end of 2024, reflecting a year-on-year decrease of 461.52% [5][6] Group 2 - Nanguo's stock was suspended on April 29, 2024, and was subject to delisting risk warnings starting April 30 due to its negative net asset value and ongoing losses [3][6] - The controlling shareholder, China Electric Power Construction Group Real Estate Co., Ltd., plans to acquire Nanguo's real estate development assets and liabilities, which is expected to improve the company's asset quality and structure [3][7] - The real estate sector is undergoing significant adjustments, with many companies, including Nanguo, considering asset light transformations to reduce debt and adapt to market conditions [9]