LANGOLD(SZ:002305) Dong Jian Yan Bao·2025-09-04 13:08Report Overview - Report Date: September 4, 2025 [1] - Industry: Real Estate Development [2] - Company: Nanguo Real Estate Co., Ltd. [16] Core Views - The company and relevant institutions are actively promoting the work related to the major asset sale. The company plans to transfer its real - estate development business and related assets and liabilities to its controlling shareholder, Power Construction Real Estate. This transaction is expected to improve the company's asset quality, optimize its asset structure, reduce its debt repayment pressure, and enhance its sustainable operation and profitability [25][38]. - After the asset sale, the company will be positioned as a listed platform for urban comprehensive operation business within the Power Construction Group, with main businesses including commercial, office, long - term rental apartment urban comprehensive operation business and related supporting consulting services [42]. Summary by Directory 01. Research Basic Situation - Research Object: Nanguo Real Estate Co., Ltd. - Industry: Real Estate Development - Reception Time: 2025 - 09 - 04 - Reception Personnel: Chairman, Independent Director, General Manager, Board Secretary, and Chief Financial Officer [16] 02. Detailed Research Institutions - Reception Object Type: Other - Institutional Related Personnel: Investors who participated in Nanguo Real Estate's 2025 semi - annual performance briefing online [19] 03. Research Institution Proportion - No specific content provided. 04. Main Content Data - Asset Sale Progress: The company and relevant institutions are actively promoting the major asset sale. Progress announcements were disclosed on May 24, June 25, July 25, and August 23, 2025. Future information will be disclosed in stages according to the transaction progress [23][25]. - Net Asset and Shareholder Number: As of June 30, 2025, the number of shareholders was 41,731, and the net assets attributable to shareholders of the listed company were - 2,650,973,795.34 yuan [26]. - Future Business Plan: After the asset sale, the company will focus on urban comprehensive operation business and related consulting services [42].