珠免集团披露资产出售草案 轻装上阵把握供给侧机遇

Core Viewpoint - Zhuhai Free Trade Group (珠免集团) is executing a strategic shift from real estate to a focus on duty-free and consumer services through the sale of its real estate assets, specifically the 100% stake in Zhuhai Gree Real Estate Co., Ltd. for a transaction value of 5.518 billion yuan [1][2]. Group 1 - The company plans to transfer its real estate assets to Zhuhai Investment Holdings Co., Ltd. as part of its established restructuring path [1]. - The asset sale is a continuation of the company's strategy to divest from real estate and transition towards a consumer-centric business model by the end of 2024 [1][2]. - Following the transaction, Gree Real Estate will be excluded from the consolidated financial statements, marking a complete exit from the real estate sector [1]. Group 2 - The transaction is expected to improve the company's financial performance by enhancing profitability and operational efficiency, as the real estate segment has been a burden due to high capital demands and debt levels [2]. - The financial adjustments will lead to a reduction in total assets and revenue, but will significantly improve profitability metrics and earnings per share, as well as repair the capital structure and cash flow situation [2]. - This strategic shift is aimed at aligning the company's operations with a "light asset, strong operation" model, which is more suitable for the consumer services sector [2].