NINGBO FUDA(SH:600724) Shang Hai Zheng Quan Bao·2025-12-26 21:16Group 1 - Ningbo Fuda has agreed to dissolve its investee company, Zhejiang Shangfeng Kehuan Building Materials Co., Ltd., through a shareholders' resolution, with the process expected to be completed by 2026 [2][4] - The dissolution does not involve related transactions and does not constitute a major asset restructuring as defined by regulations, thus no shareholder meeting approval is required [2][5] - The company will recognize an impairment loss on its long-term equity investment in the investee, estimated to impact the net profit attributable to shareholders by approximately RMB 27.25 million to RMB 28.89 million for 2025 [2][9] Group 2 - The investee company was established in December 2020 to jointly build a 4500T/D cement clinker production line, but the project was halted due to industry overcapacity and regulatory changes [3][4] - The Ministry of Industry and Information Technology's new regulations have made it impossible for the project to be completed as planned, leading to the decision to dissolve the investee [4][7] - The investee currently has no substantial production operations, prompting the decision to proceed with the dissolution [4][7] Group 3 - The company will follow legal procedures for the dissolution, including shareholder meetings, liquidation, and tax and business deregistration, expected to be completed in the first quarter of 2026 [8] - The company has previously recognized an impairment of RMB 19.95 million on the long-term equity investment due to declining market conditions [4][9] - The investment's recoverable amount is estimated between RMB 12 million to RMB 16 million, with additional impairment provisions expected [9]