LANGOLD(SZ:002305) Xin Lang Cai Jing·2025-10-15 13:59Core Viewpoint - Nanguo Real Estate plans to sell its real estate development and leasing assets and liabilities to its controlling shareholder's wholly-owned subsidiary for 1 yuan, aiming to accelerate its transformation into a comprehensive urban operation service provider [1]. Group 1: Asset Sale and Financial Impact - The company received an inquiry from the Shenzhen Stock Exchange regarding its restructuring plan, ongoing operational capability, and related transactions [1]. - Since 2021, the company has reported continuous losses, with net profits of -867 million yuan, -1.693 billion yuan, and -2.238 billion yuan for the years 2022 to 2024, respectively [1]. - The company’s net assets were negative by the end of 2024, leading to a risk warning for delisting [1]. - The accounting treatment for the asset sale will result in a significant decrease in total assets and liabilities, with net assets expected to turn positive post-transaction [2]. Group 2: Future Development Plans - Nanguo Real Estate disclosed plans for the current year and the next two years, focusing on expanding urban operation services, advancing digital empowerment, and enhancing property management to improve competitiveness and profitability [2]. - The controlling shareholder and actual controller have committed to resolving competition issues in phases [2]. Group 3: Inventory and Asset Management - The company explained the rationale for retaining certain inventories, valued at 51.9162 million yuan as of April 2025, primarily consisting of unsold parking spaces and non-real estate development project inventories [1]. - The retention of inventory is influenced by factors such as transaction taxes, capital reserves, and sales disputes, with plans to expedite the resolution of related asset disputes [1].