KANGXIN NEW MATERIALS(SH:600076) Hua Xia Shi Bao·2025-08-03 08:02Core Viewpoint - Kangxin New Materials Co., Ltd. is facing significant financial challenges, including a planned reduction in the sale price of its 60% stake in Hubei Tianxin Wood Structure Housing Co., Ltd. to 60.5925 million yuan due to ongoing losses and underperformance in its wood house business [1][3][4] Financial Performance - In the first half of the year, Kangxin New Materials reported a net loss of 131 million yuan, which is an increase compared to the previous year's loss of 87.28 million yuan [1][7] - The company’s revenue for 2024 was 602 million yuan, a year-on-year increase of 144.46%, but it still recorded a net loss of 334 million yuan, indicating a worsening financial situation [6][7] - The highest price for container flooring reached over 6,000 yuan per cubic meter last year, but this year it has dropped to around 3,000 yuan, reflecting a significant decline in demand [1][8] Asset Management - The 60% stake in Tianxin Company was previously listed for sale at 62.7014 million yuan but received no bids during its initial offering period [3][4] - Tianxin Company has been operating at a loss, with a reported revenue of -120.5 thousand yuan and a net profit of -1.48917 million yuan for 2024 [3][4] Market Conditions - The container industry has seen a resurgence, with a total production of approximately 8.1 million TEU in 2024, a 268.2% increase from 2023, yet Kangxin New Materials has not benefited from this recovery [6][7] - The overall market for container flooring has become increasingly competitive, with new entrants affecting pricing and demand [7][8] Strategic Direction - Kangxin New Materials is considering strategic transformations to address its financial difficulties, with plans to announce further details in the future [8]