欲出售汇银木业51%股权，ST景谷“断臂求生”

Core Viewpoint - ST Jinggu intends to divest its 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to alleviate the burden of non-performing assets and improve its financial health [1][3]. Group 1: Asset Divestiture - The transaction aims to transfer non-performing assets to reduce company pressure and promote long-term healthy development [3][4]. - The expected transaction price is not less than 133 million yuan, with the final price to be determined based on asset evaluation [1][3]. - The divestiture is classified as a major asset restructuring [1]. Group 2: Financial Performance - ST Jinggu reported significant financial losses, with projected net losses for the first half of 2025 estimated between 130 million yuan and 105 million yuan [5]. - The company’s revenue for 2022 to 2025 shows fluctuations, with revenues of approximately 113 million yuan, 590 million yuan, 447 million yuan, and 62.6 million yuan respectively [4]. - The company’s net profit figures for the same period were -22.27 million yuan, 6.32 million yuan, -72.87 million yuan, and -16.24 million yuan [4]. Group 3: Operational Challenges - Huiyin Wood Industry has faced operational difficulties since 2024, significantly impacting ST Jinggu's overall business performance [3][5]. - The company has reported a loss of approximately 19 million yuan in inventory due to mismanagement by a former director [3][4]. - The divestiture may lead to a sharp decline in the company's main business scale, potentially triggering delisting risk warnings [5]. Group 4: Industry Context - The company operates in the manufacturing sector, primarily engaged in engineered wood manufacturing and related activities [4]. - The ongoing challenges in the real estate sector and increased regional competition have adversely affected the sales prices and volumes of the company's products [5][6].