CFLD(SH:600340) Xin Lang Cai Jing·2025-08-09 04:24Core Viewpoint - China Ping An Life Insurance Co., Ltd. and its action group plan to reduce their holdings in Huaxia Happiness by up to 117,411,610 shares, representing no more than 3% of the company's total share capital, due to their own business arrangements and needs [2][3][4]. Group 1: Shareholding Reduction Plan - The reduction period is set from September 1 to November 30, 2025 [3]. - The reduction will be executed through two methods: a maximum of 39,137,203 shares via centralized bidding and up to 78,274,407 shares through block trading [3]. - The total shares held by Ping An Life and its action group amount to 985,729,553 shares, which is 25.1865% of Huaxia Happiness's total share capital [3]. Group 2: Financial Performance and Projections - Huaxia Happiness expects a net loss attributable to shareholders of between 7.5 billion and 5.5 billion yuan for the first half of 2025 [4]. - The company reported a net loss of 4.849 billion yuan for the same period last year [4]. - The decline in net profit is primarily due to a decrease in revenue from real estate project turnover, influenced by the timing of project completions [5]. Group 3: Company Strategy and Debt Management - The company is actively pursuing a debt restructuring plan to alleviate financial pressure and reduce financial costs [5]. - Huaxia Happiness aims to focus on completing its "guarantee delivery" obligations and transitioning into an industrial new city service provider [5]. - The company is committed to improving quality and efficiency while accelerating its transformation [5].