Core Viewpoint - Beijing Oriental Yuhong Waterproof Technology Co., Ltd. has fully divested its remaining 28.4051 million shares in Jinke Smart Service Group Co., Ltd. at a price of HKD 6.67 per share, totaling approximately HKD 189 million, marking a complete exit from this investment [1][5]. Group 1: Share Sale and Financial Impact - The sale of shares is expected to contribute approximately CNY 51.5114 million to the company's profit for the fiscal year 2026 due to the increased offer price [1][5]. - Prior to this transaction, the company had acquired 32.68 million shares of Jinke Smart through judicial auction and had sold 4.2749 million shares in the secondary market for approximately HKD 30.14 million [1][5]. - Following the completion of the privatization offer, Jinke Smart is expected to officially exit the capital market on February 20, 2026 [1][5]. Group 2: Asset Disposal Activities - Recently, the company has been actively disposing of assets, with some sold at discounted prices, which has exerted pressure on its financial performance [2][6]. - On December 9, 2025, the company announced the sale of a commercial property in Beijing for CNY 10.1159 million [2][6]. - On January 17, 2026, the company disclosed plans to sell various properties, including five shops in Beijing, three shops in Shanghai, four residential units in Anhui, and 29 office spaces in Harbin, with an expected loss of CNY 29.0368 million from these transactions [2][6]. Group 3: Financial Performance Overview - The company has faced significant performance pressure in recent years, with net profit peaking at over CNY 4.2 billion in 2021, followed by a continuous decline [3][7]. - In 2024, the company reported a net profit of CNY 108 million, with impairment losses being a major factor affecting performance [3][7]. - Although there were signs of recovery in the first three quarters of 2025, impairment pressures continue to challenge the company's operational performance [3][7].