津投城开：调整重组方案，轻装上阵待良机

Core Viewpoint - The company is undergoing a significant asset disposal and restructuring plan to improve its financial health by divesting its real estate development business, which has been a core bottleneck due to high capital occupation and debt levels [1][2] Group 1: Asset Disposal and Restructuring - The company plans to transfer its real estate development-related assets and liabilities to Tianjin Urban Operation Development Co., Ltd. for a nominal price of 1 yuan, while retaining its property management business, which is more stable and generates consistent cash flow [1] - This restructuring is seen as the optimal solution to address the company's current development challenges and enhance core value while protecting shareholder interests [1] Group 2: Financial Impact - As of June 2025, the company's net assets are projected to be around -500 million yuan, with a net loss exceeding 540 million yuan in the first half of 2025 [1] - Post-asset disposal, the company anticipates turning its net assets and earnings per share from negative to positive, with the asset-liability ratio dropping to 46.28%, thereby mitigating the risk of delisting and improving its operational fundamentals [2]