UKF(SZ:000514) Mei Ri Jing Ji Xin Wen·2025-11-28 12:03Core Viewpoint - The company, Yuhua Development, has finalized a five-year-long group purchase order, marking the largest group purchase in its history, with a total transaction value of approximately 1.24 billion yuan [2][4]. Group Purchase Details - The group purchase involves 1,211 residential properties from the Nanyue Tianchen A69/01 project, with an actual transaction amount of about 1.258 billion yuan [4]. - The properties are located on a land area of approximately 60,000 square meters, with a planned construction of 10 high-rise buildings [5]. - The pricing for the properties is set at 11,100 yuan per square meter for buildings 1-9, while building 10's pricing will be determined based on sales conditions [5]. Payment and Delivery Terms - The payment for the properties is structured in installments, with the first phase of delivery completed six months ahead of schedule in December 2021 [6][7]. - The second phase, with a total price of approximately 704 million yuan, has an outstanding payment of about 243 million yuan, which is expected to be settled by December 31, 2025 [7][8]. Debt Restructuring - Due to financial constraints faced by the Economic and Technological Development Zone Land Utilization Affairs Center, Yuhua Development has agreed to a debt restructuring plan, accepting properties as payment for the outstanding group purchase amount [9][10]. - This restructuring is anticipated to result in a debt restructuring loss of approximately 24.16 million yuan, but it is expected to positively impact the company's financial situation by reducing bad debt risks [10]. Financial Performance - As of the third quarter of 2025, Yuhua Development reported a revenue of 198 million yuan, a year-on-year decrease of 32.8%, while achieving a net profit of 161 million yuan, recovering from a loss in the previous year [9]. - The company has faced challenges in real estate sales, leading to a significant decline in revenue, but has seen positive investment returns from equity transfers [9].