Core Viewpoint - Nanjing Public Utility plans to optimize asset allocation and improve operational efficiency by transferring 51% equity of its subsidiary, Nanjing Zhongbei Jinjia Real Estate Development Co., Ltd., through public listing, with a minimum valuation of RMB 34.52 million [1][2] Group 1: Equity Transfer and Financial Strategy - The transfer of equity aims to enhance liquidity and achieve rapid capital recovery, thereby preserving and increasing the value of state-owned assets [2] - The company has signed a cooperation development agreement with Nanjing Zhongkun Real Estate Co., Ltd. to jointly invest in a project, providing financial support of up to RMB 788 million at an interest rate of 6% per annum [2] - The company plans to provide financial assistance to its shareholders, totaling RMB 10.1 million, with varying amounts allocated to different partners at an interest rate of 2.54% [2][3] Group 2: Financial Performance - Nanjing Public Utility's revenue has fluctuated significantly from 2021 to 2024, with figures of RMB 3.589 billion, RMB 7.113 billion, RMB 4.632 billion, and RMB 6.569 billion, reflecting year-on-year changes of -47.53%, 98.19%, -34.88%, and 41.83% respectively [4] - The net profit attributable to shareholders has also varied, with values of RMB 986.5 million, RMB 605.3 million, -RMB 902.7 million, and RMB 459.2 million, showing year-on-year changes of -56.17%, -38.64%, -249.14%, and 150.87% respectively [4] - In the first half of 2025, the company reported revenue of RMB 2.867 billion, a year-on-year increase of 16.07%, and a net profit of RMB 312.83 million, indicating a turnaround from previous losses [5]
南京公用子公司拟甩卖亏损资产!