BIEM(SZ:002832) Nan Fang Du Shi Bao·2025-12-24 01:12Core Viewpoint - The company, Biyinlefen, has decided to dissolve and liquidate the Guangzhou Houde Zaiwu Industrial Investment Fund Partnership due to the achievement of its investment objectives and the need to optimize management costs and improve operational efficiency [1][3]. Group 1: Company Actions - Biyinlefen's board approved the dissolution and liquidation of the partnership during its 13th meeting of the fifth board session [1]. - The company holds a 99.86% stake in the partnership, with a total investment of 74.89 million yuan out of 75 million yuan [3]. - The liquidation will involve cash distribution to other partners and the transfer of assets, including 100% equity stakes in Hong Kong-based Kerryte Limited and Hong Kong Yingfeng Zerun Limited to Biyinlefen [3]. Group 2: Financial Performance - The partnership has reported significant losses, with net losses of 44.22 million yuan in 2023, 81.18 million yuan in 2024, and 37.08 million yuan in the first half of 2025 [5]. - Biyinlefen's overall financial performance has been declining, with a 14.28% decrease in net profit in 2024 despite a 13.24% increase in revenue [7]. - In the first three quarters of 2025, the company achieved a revenue of 3.20 billion yuan, a 6.71% increase year-on-year, but net profit fell by 18.70% [7]. Group 3: Management Changes - The company appointed Xie Yang, the son of the chairman, as the new general manager following the resignation of the previous general manager, Shen Jindong [6][8]. - Xie Yang has prior experience in the company and in the trading sector, indicating a potential shift in management strategy [8]. Group 4: Market Position - Biyinlefen has faced challenges in the market, being removed from the Shenzhen Component Index and experiencing a significant drop in stock price since May 2023 [8]. - The company's market capitalization has fallen below 10 billion yuan, down from a peak of 20 billion yuan after its A-share listing in 2017 [8].