HONGBO(SZ:002229) Shen Zhen Shang Bao·2026-01-08 06:53Core Viewpoint - Hongbo Co., Ltd. announced the cessation of its subsidiary Hongbo Haotian's printing business starting January 8, 2026, as part of a strategic adjustment to enhance profitability and address ongoing losses due to accelerated digital transformation and intensified market competition in the book printing industry [1][2]. Group 1: Business Performance and Financial Impact - Hongbo Haotian has reported cumulative losses exceeding 83.61 million yuan from 2023 to the first three quarters of 2025, indicating a significant decline in profitability [1][2]. - In 2023, Hongbo Haotian incurred a net loss of 34.50 million yuan, followed by a loss of 27.23 million yuan in 2024, and a loss of 21.88 million yuan in the first three quarters of 2025, highlighting the severe challenges faced by the business [2]. - The printing business accounted for 17.35% of Hongbo Co., Ltd.'s audited revenue in 2024, but it is not a core profit segment, which supports the decision for the business transformation [2]. Group 2: Strategic Adjustments and Future Outlook - The cessation of the printing business is a proactive strategic adjustment rather than a reaction to any major safety incidents or violations, aligning with the company's long-term development plan [2]. - The transition is expected to optimize the business structure and activate existing quality assets, ultimately enhancing the company's profitability without adversely affecting its core business operations [2]. - Hongbo Co., Ltd. aims to leverage the transformation of Hongbo Haotian to support future growth [2]. Group 3: Overall Company Performance - As of the third quarter, Hongbo Co., Ltd. reported total assets of 2.431 billion yuan, a decrease of 22.2% from the previous year, while the net assets attributable to shareholders increased by 1.5% to 1.271 billion yuan [4]. - The company achieved a revenue of 906 million yuan in the first three quarters of 2025, a year-on-year increase of 131.8%, and successfully turned around from a net loss of 62.02 million yuan to a net profit of 22.87 million yuan [3]. - The company continues to invest in research and development to support technological innovation and business expansion, particularly in its computing power business, which has seen significant revenue growth [4].