RIFA PM(SZ:002520) Zheng Quan Shi Bao Wang·2025-12-04 06:09Core Viewpoint - The company is actively divesting from loss-making and inefficient assets to optimize its asset structure, enhance cash flow, and improve resource allocation efficiency, demonstrating a commitment to high-quality development [1][3]. Group 1: Divestment of Loss-Making Subsidiary - The company plans to sell its wholly-owned subsidiary, MCM, for a symbolic price of 1 euro, aiming to stop losses and lighten its operational burden [2][3]. - MCM has incurred significant losses since 2021, with a projected net loss of 123 million yuan for 2024 and continued losses in 2025, leading to negative net assets of 143 million yuan by August 2025 [3]. - The divestment is expected to reduce the financial strain on the company, with an estimated increase in net profit of 13.29 million yuan for 2025 post-divestment [3]. Group 2: Asset Liquidation and Cash Flow Enhancement - Concurrently, the company is selling idle assets, including a factory and land, for 155 million yuan to improve liquidity and support core business investments [5]. - The sale includes 44,000 square meters of industrial land and 81,000 square meters of factory buildings, with a clear ownership structure ensuring a smooth transfer [5]. - This asset liquidation is aimed at optimizing the overall asset structure and enhancing capital efficiency, with the first payment expected within 15 working days of the agreement [5]. Group 3: Strategic Focus on Core Business - The company is strategically refocusing on its core business by shedding loss-making overseas subsidiaries and liquidating inefficient assets, which is crucial for improving operational efficiency in a challenging global manufacturing environment [6]. - The divestment and asset sales are part of a broader strategy to streamline operations and enhance cash flow, positioning the company for quality growth in its primary business areas [6]. - The company aims to leverage its capabilities in high-end CNC machine tools to meet domestic market demands, particularly in sectors like aerospace, robotics, and new energy vehicles [4][6].