FASTEN(SZ:000890) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-12 02:56Core Viewpoint - The company Falson plans to sell a 10% stake in China Belkalt Steel Cord Co., Ltd. for 161 million yuan, indicating a strategic move to alleviate financial pressure and divest non-core assets [1][2] Group 1: Transaction Details - Falson will sell its 10% stake in China Belkalt Steel Cord to Hong Kong Belkalt for 161 million yuan, with the transaction being an associated party deal due to the buyer being the controlling shareholder of the target company [1] - The target company reported revenues of 1.303 billion yuan, 1.286 billion yuan, and 938 million yuan for the years 2023, 2024, and the first nine months of 2025, respectively [1] - The net profits for the same periods were 80.30 million yuan, 81.15 million yuan, and 52.27 million yuan [1] Group 2: Financial Condition - Falson has faced significant financial pressure, with net profits of 11.44 million yuan, -105.93 million yuan, and -22.77 million yuan for the years 2023, 2024, and the first nine months of 2025, indicating a shift from profit to loss [2] - As of September 2025, Falson's total assets were 986 million yuan, total liabilities were 937 million yuan, and the current ratio was only 0.42, indicating severe short-term solvency issues [2] - The company plans to use the proceeds from the sale to repay debts and improve liquidity, but will incur an investment loss of approximately 17.10 million yuan from the transaction [2]