SongYang(SH:603863) Xin Lang Cai Jing·2025-12-31 00:58Core Viewpoint - Songyang Resources, an environmental recycled paper company, is planning to transfer the controlling stake of its subsidiary, Songyang Lottery (Beijing) Management Co., Ltd., which operates its lottery business [1] Group 1: Company Overview - Songyang Resources entered the lottery industry two years ago and opened two lottery retail stores in Beijing last year [1] - Songyang Lottery is the main operating company for Songyang Resources' lottery business [1] Group 2: Financial Performance - In the announcement regarding the sale, Songyang Lottery reported an expected revenue of 96,000 yuan for 2024, with a loss of 1.5092 million yuan [1] - For the first three quarters of this year, Songyang Lottery's revenue was 198,200 yuan, resulting in a loss of 611,300 yuan [1]