负债超4亿，电缆龙头拟花7300万买32套房，称买比租便宜

Core Viewpoint - The company plans to invest 73.299 million yuan to purchase 32 residential units from its controlling shareholder's subsidiary, aiming to provide housing for employees, with a unit price of approximately 17,500 yuan per square meter [2]. Financial Summary - As of November 30, 2025, the subsidiary, Dongfang Real Estate, reported total assets of 730 million yuan and a net asset deficit of 92.5131 million yuan, with a net profit of -10.3174 million yuan and negative cash flow from operating activities of -266.0768 million yuan [4]. - The company had cash on hand of only 40.2036 million yuan, while long-term borrowings reached 419.6133 million yuan and other payables amounted to 378.1408 million yuan [4]. Project and Financing Details - The land for the "Yunxie Puting" project is currently under mortgage, with a loan amount of approximately 420 million yuan due by September 25, 2026, which could hinder the sale and transfer of the property if not repaid on time [4][5]. - The company assures that with proper funding and development arrangements, the subsidiary can deliver the property on schedule, mitigating risks of project delays or failures [5]. Market Comparison and Cost Analysis - The pricing of 17,500 yuan per square meter is deemed reasonable when compared to nearby properties, such as "Binjiang Tianjie·Jiangyu City" at 20,100 yuan per square meter and "Aokesu Yueyun Court" at 21,500.15 yuan per square meter [6]. - The company calculated that purchasing the property would be cheaper than renting, estimating an annual cost of approximately 1.466 million yuan for ownership versus 1.723 million yuan for renting [6]. Stock Performance - As of January 9, the company's stock price had decreased by 11.3% over the past 60 trading days, although there was a slight recovery in the last two trading days, with a current market capitalization of 41.9 billion yuan [6].