1元卖股权、5折甩债权！惠达卫浴欲剥离亏损资产 “断臂求生”之路能否走通？

Core Viewpoint - Huida Sanitary Ware has decided to divest its loss-making assets through a "self-amputation" strategy due to continuous losses, aiming to reduce operational risks and optimize its asset structure [2][5][7] Company Summary - Huida Sanitary Ware plans to publicly transfer 100% equity and related debts of its subsidiary, Guangxi Xingaosheng, for a nominal price of 1 yuan, with debts being offered at a significant discount [2][4] - Guangxi Xingaosheng has been in a state of continuous loss, reporting a net loss of 29.31 million yuan in the first half of 2025 and a negative net asset value of 154 million yuan [2][4][6] - The company aims to improve asset operation efficiency and quality through this divestment, which is seen as a necessary step in the current challenging market environment [5][7] Industry Summary - The ceramic industry is facing significant challenges due to a downturn in the real estate market, leading to increased competition and reduced profit margins [6][7] - National ceramic tile production decreased by 12.18% year-on-year in 2024, with production capacity utilization below 50% [6] - Huida Sanitary Ware's revenue fell by 9.94% year-on-year in the first half of 2025, with net profit dropping by 70.21%, largely due to the poor performance of its subsidiary [6][7]