Workflow
又是1元1家!苏宁易购再卖12座家乐福化债

Core Viewpoint - Suning.com is undergoing significant asset liquidation, specifically targeting its Carrefour subsidiaries, to alleviate financial burdens and focus on its core business of home appliances and 3C products [1][4][5]. Group 1: Asset Sale Details - Suning.com plans to sell 100% equity of 12 Carrefour China subsidiaries for a nominal price of 1 yuan each, totaling 12 yuan, effectively removing these loss-making entities from its consolidated financial statements [4][6]. - The subsidiaries being sold are located in cities including Changsha, Jinan, Zhuhai, Hohhot, Tianjin, Beijing, and Shijiazhuang, and have ceased operations with negative net assets valued between -655 million yuan and -17,100 yuan [4]. - This transaction is part of a broader strategy to restructure assets and debts, as the traditional hypermarket business has been adversely affected by external market conditions and changing consumer behaviors [4][5]. Group 2: Financial Implications - The sale is expected to increase the net profit attributable to the parent company by approximately 383 million yuan [6]. - In a previous transaction in June, Suning.com sold four Carrefour projects for a similar price structure, which resulted in an increase of about 572 million yuan in net profit [7]. - Despite these asset sales leading to apparent profitability, the underlying operational performance remains weak, with a projected non-recurring loss of 1.03 billion yuan for 2024, and a significant loss of 860 million yuan already recorded in the first half of the year [16][18]. Group 3: Strategic Focus - The company is committed to concentrating on its core business of home appliances and 3C products, aiming to streamline operations and reduce debt levels [5][17]. - The restructuring efforts are seen as critical for the company's turnaround, as it seeks to navigate through its financial challenges and improve overall performance [17].