Workflow
*ST南置回复深交所问询 战略转型综合性城市运营服务商

Core Viewpoint - The company, *ST Nanzhi, is responding to inquiries regarding its major asset sale and related transactions, addressing concerns about delisting risks, sustainable operations, and future development plans [1] Financial Performance - As of April 2025, the net assets attributable to the parent company shareholders are projected to be 538 million yuan, indicating a turnaround from negative to positive [1] - The company has achieved a revenue of 820 million yuan for the first half of 2025, suggesting that the financial data for 2025 will not trigger delisting risks after the transaction [1] - The balance of other payables is 13.488 billion yuan, and the transaction is expected to significantly reduce the company's debt pressure, improving profitability and risk resistance [1] Future Development Plans - The company aims to focus on light asset operations, particularly in urban operations and commercial management, transitioning towards a comprehensive urban operation service provider [1][2] - The strategic plan includes expanding into the Beijing market while deepening existing operations in cities like Wuhan, Chengdu, Shanghai, Guangzhou, and Hangzhou [2] - By 2027, the company targets to exceed 2 million square meters in commercial operations, manage 12,000 rental apartments, and achieve 200 million yuan in property management revenue [2] Strategic Transformation - The strategic transformation is a proactive adjustment to industry trends and a commitment to high-quality development paths [3] - The company is expected to unlock broader development opportunities in urban operations as its transformation initiatives are implemented [3]