Hongta Securities(SH:601236) Zheng Quan Zhi Xing·2025-08-29 17:01Core Viewpoint - Hongta Securities Co., Ltd. is planning to dispose of six real estate properties, and an asset appraisal report has been prepared to assess their market value as of April 30, 2025 [1][2]. Summary by Sections Appraisal Purpose and Scope - The appraisal aims to provide a reference for the market value of six real estate properties that Hongta Securities intends to dispose of [2][3]. - The total building area of the properties under appraisal is 14,197.57 square meters [1][2]. Appraisal Methodology - The market approach was used for the valuation, which involves comparing the properties with similar assets that have been recently sold [4][5]. - The appraisal concluded that the market value of the properties is significantly higher than their book value, indicating a substantial increase in value over time [5][6]. Valuation Results - The book value of the six properties is RMB 29,128,863.66, while the assessed market value is RMB 262,791,900.00, resulting in an appreciation rate of 802.17% [5][6]. - The increase in value is attributed to the significant rise in the real estate market in the area since the properties were acquired [5][6]. Special Considerations - The appraisal report notes that the assessed value includes VAT and is based on the assumption that the properties will continue to be used for their current purposes [5][6]. - The report emphasizes that the appraisal conclusions are valid for one year from the appraisal date, and any significant changes in market conditions or property status may necessitate a new appraisal [5][6].