华润置地康养业务 “进与退”

Core Viewpoint - China Resources Land Holdings Limited is accelerating its exit from the elderly care business by planning to transfer 100% equity of Run Di Kang Yang (Shenzhen) Industrial Development Co., Ltd, reflecting a strategic shift to focus on core businesses [1][3]. Group 1: Company Strategy - The decision to divest from the elderly care sector is part of a pre-established strategy, with plans to exit various non-core businesses during the "14th Five-Year Plan" period [1][3]. - The company previously expanded aggressively into the elderly care sector, launching the "Yue Nian Hua" brand and establishing over 10,000 elderly care beds across multiple cities [2][3]. - Despite initial growth, the elderly care business has faced significant profitability challenges, leading to a strategic retreat and a reduction in operational scale [3][4]. Group 2: Industry Challenges - The elderly care industry is experiencing widespread difficulties, with many companies, including China Resources Land, actively divesting from loss-making assets [4][5]. - The sector is characterized by high capital investment, low occupancy rates, and a mismatch between investment and returns, with many projects struggling to achieve occupancy rates above 60% [5][6]. - Industry experts suggest a shift from a "heavy asset" model to a "light asset" approach, emphasizing service-oriented solutions and innovative financial tools to enhance cash flow and reduce reliance on parent company funding [5][6].