HAC(SH:600202) Sou Hu Cai Jing·2025-11-22 20:05Core Viewpoint - Harbin Air Conditioning Co., Ltd. (stock code: 600202) has experienced a significant decline in stock price, dropping 10.77% to 5.88 yuan as of November 21, 2025, with a total market capitalization of 2.254 billion yuan [1] Group 1: Company Announcements - The company held its ninth temporary board meeting on November 21, 2025, where it approved the proposal to publicly transfer 40% equity of its subsidiary, Harbin Fushanchuan Biotechnology Development Co., Ltd. [2][3] - The board's decision received unanimous approval from all nine directors, complying with regulatory and procedural requirements [1] - The company received a government subsidy of 2 million yuan, which accounts for 27.19% of the latest audited net profit attributable to shareholders [1][3] Group 2: Equity Transfer Details - The company plans to publicly transfer its 40% stake in Harbin Fushanchuan, with an assessed value of 953.14 million yuan for the entire equity, leading to a valuation of 381.26 million yuan for the 40% stake [2] - The transfer will not require shareholder approval as it has already been approved by the board, and the final transaction details remain uncertain pending regulatory review [2]