SUNING.COM(SZ:002024) Cai Jing Wang·2025-09-10 14:10Core Viewpoint - Suning.com plans to sell 12 subsidiaries of Carrefour China for 1 yuan each, expecting an increase in net profit attributable to shareholders of approximately 383 million yuan from this transaction [1][5][7]. Summary by Sections Transaction Details - Suning.com announced the signing of a share transfer agreement with Shanghai Qishufamily Enterprise Service Partnership, selling 100% equity of 12 companies for a total of 12 yuan [2][6]. - After the transfer, these companies will no longer be included in the consolidated financial statements of Suning.com [6]. Financial Impact - The transaction is expected to positively impact the company's financial status and operating results, with an estimated increase in net profit of about 383 million yuan based on preliminary calculations [3][7]. - As of the assessment date of March 31, 2025, the total equity value of the 12 target companies was negative, with one company, Changsha Keyoushi, having a book value of -161.44 million yuan and an assessed value of -35.38 million yuan [6][8]. Reasons for Sale - Suning.com cited external environmental impacts and changes in consumer behavior affecting the traditional hypermarket business of Carrefour China, along with liquidity issues, as reasons for the sale [3][6]. - The subsidiaries have ceased operations and carry significant debt burdens, making this transaction a means to effectively conduct asset and debt restructuring [3][7]. Strategic Focus - The company is committed to focusing on its core business in home appliances and consumer electronics, while continuing to streamline non-core business units to reduce overall debt levels [3][7].