离扭亏为盈更近一步？珠免集团准备“卖掉”格力地产

Core Viewpoint - The company, Zhuhai Zhimian Group, is divesting its real estate business to focus on its core duty-free business, aiming for profitability and a streamlined asset structure [2][4][5]. Group 1: Transaction Details - Zhuhai Zhimian Group announced the transfer of its 100% stake in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd. [2] - The transaction price is yet to be determined, and it is expected to constitute a significant asset restructuring without changing the controlling shareholder [3][4]. - The company plans to complete the divestment of its real estate business within five years, ceasing all real estate operations thereafter [2][3]. Group 2: Financial Performance - For the first half of the year, Zhuhai Zhimian Group reported a revenue of 1.74 billion yuan, a year-on-year decline of 45.62%, with a net loss of 274 million yuan [6]. - The decline in revenue is attributed to a significant drop in real estate project income following a major asset swap completed in 2024 [6]. - The real estate segment's revenue was approximately 425 million yuan, down over 70% year-on-year, while the duty-free business generated 1.13 billion yuan in revenue, contributing positively to the company's financial health [6]. Group 3: Strategic Focus - The company aims to pivot towards a large consumer strategy, focusing on duty-free operations and optimizing its asset structure to enhance operational efficiency [4][5]. - The divestment aligns with a broader trend in the industry where companies are shedding real estate operations to pursue new growth avenues [8]. - Following the transfer of shares to Huafa Group, Zhuhai Zhimian Group intends to leverage Huafa's resources to improve its strategic operations and profitability [8].