8元出售8家子公司，苏宁易购卖家乐福“减负”

Core Viewpoint - Carrefour's presence in the Chinese market is expected to further diminish as Suning.com continues to divest its non-core subsidiaries at symbolic prices, reflecting a strategic shift towards focusing on its core business of home appliances and 3C products [4][18]. Summary by Sections Asset Disposal - Suning.com announced the sale of 8 subsidiaries for a total of 8 yuan, with each subsidiary priced at 1 yuan, marking the third instance of such symbolic asset disposals within 2025 [5][11]. - The subsidiaries involved span various sectors, including liquor sales and supermarket operations, and will no longer be included in Suning's consolidated financial statements post-sale [7][11]. Financial Implications - The divested subsidiaries were generally in a state of insolvency, with negative equity values. For instance, one subsidiary had a book value of -161 million yuan and an assessed value of -35.38 million yuan [11]. - The transactions are expected to improve Suning's financial statements, with an anticipated increase in net profit of approximately 383 million yuan [11]. Strategic Focus - Suning.com is committed to streamlining its operations by focusing on its core business, which includes home appliances and 3C products, while reducing its debt levels [15][16]. - The company plans to enhance its offline store strategy by opening and upgrading 75 new stores in key cities, emphasizing a combination of product variety and deep service [16]. Historical Context - The recent disposals are part of a broader trend following Suning's acquisition of Carrefour China in 2019 for 4.8 billion yuan, which has now turned into a financial burden [18]. - The divestiture of these subsidiaries signifies a complete exit from the Carrefour brand in China, as the company has faced challenges due to changing consumer behavior and external market conditions [18]. Future Outlook - The effectiveness of Suning's strategy to focus on its core business and the success of its new store formats will be critical in generating sustainable operating cash flow moving forward [19].