SFHN(SZ:000631) Zheng Quan Zhi Xing·2025-06-06 08:08Group 1 - The core point of the announcement is that Shunfa Hengye's wholly-owned subsidiary, Shunfa Nengcheng, will increase its registered capital by converting capital reserves and subsequently reduce its registered capital, optimizing resource allocation and aligning with the company's strategic development needs [1][2]. - Shunfa Nengcheng's registered capital will change from 23.00 billion RMB to 15.00 billion RMB after the capital reserve conversion, with the company maintaining a 100% ownership stake [1][2]. - The decision to reduce capital is based on the strategic shift away from traditional real estate development, allowing the company to recover 22.50 billion RMB in excess funds [2]. Group 2 - The impact of this capital adjustment is expected to enhance the company's resource allocation and business development capabilities, aligning with long-term goals and shareholder interests without significantly affecting the company's consolidated financial statements or normal operations [2]. - In the fiscal year 2024, Shunfa Nengcheng reported revenues of 15,237.83 million RMB and a net profit of 6,452.24 million RMB, indicating its operational performance prior to the capital changes [1].