北京商报讯（记者 丁宁）1月9日晚间，富祥药业（300497）发布公告称，公司拟与上海凌凯科技股份 有限公司（以下简称"上海凌凯"）签署《股权转让协议》，将持有的上海凌富药物研究有限公司（以下 简称"上海凌富"）39.2%股权（对应公司注册资本3920万元）以4277万元的价格转让给上海凌凯，本次 交易完成后，公司将不再持有上海凌富股权。 富祥药业表示，本次交易是公司根据对外投资的具体进展，结合公司未来战略发展规划和经营情况，经 审慎研究后做出的合理决策。此举旨在通过股权转让实现资金回笼、降低投资风险，集中资源巩固与提 升主业核心竞争力。同时，公司期望通过优化投资结构，进一步增强资产流动性和整体抗风险能力，从 而保障公司长期可持续发展，切实维护公司及全体股东特别是中小股东的合法权益。 ...

智通财经APP讯，富祥药业(300497.SZ)公告，公司拟与上海凌凯科技股份有限公司("上海凌凯")签署 《股权转让协议》，将持有的上海凌富药物研究有限公司("上海凌富")39.20%股权以4277万元的价格转 让给上海凌凯，本次交易完成后，公司将不再持有上海凌富股权。此举旨在通过股权转让实现资金回 笼、降低投资风险，集中资源巩固与提升主业核心竞争力。同时，公司期望通过优化投资结构，进一步 增强资产流动性和整体抗风险能力。 ...

智通财经APP讯，富祥药业(300497.SZ)公告，公司拟与上海凌凯科技股份有限公司("上海凌凯")签署 《股权转让协议》，将持有的上海凌富药物研究有限公司("上海凌富")39.20%股权以4277万元的价格转 让给上海凌凯，本次交易完成后，公司将不再持有上海凌富股权。此举旨在通过股权转让实现资金回 笼、降低投资风险，集中资源巩固与提升主业核心竞争力。同时，公司期望通过优化投资结构，进一步 增强资产流动性和整体抗风险能力。 ...

Core Viewpoint - The company emphasizes that the primary focus of its capital recovery is on its core business operations, with an emphasis on deepening reforms and reducing losses [2] Summary by Relevant Sections - **Capital Recovery**: The company states that the funds recovered will mainly be utilized for its main business operations [2] - **Strategic Focus**: The company highlights its strategic priorities, which include deepening reforms and efforts to turn losses into profits [2]

Core Viewpoint - Ningbo Fubang plans to sell a 2.5% stake in Ningbo Zhonghua Paper Industry Co., Ltd. to Jin Guang Paper (China) Investment Co., Ltd. for 370 million yuan to improve asset utilization and enhance sustainable development capabilities [1] Company Summary - The transaction will result in Ningbo Fubang no longer holding any equity in Zhonghua Paper [1] - As of the report, Ningbo Fubang's market capitalization is 1.8 billion yuan [1] Revenue Composition - For the year 2024, Ningbo Fubang's revenue composition is as follows: - Electrical contacts: 61.5% - Trade: 25.82% - Aluminum processing: 12.54% - Other businesses: 0.14% [1]

Core Viewpoint - The company, Oriental Yuhong, is selling multiple properties at a significant loss to improve cash flow and financial structure amid pressures from the declining real estate market [2][6]. Group 1: Asset Sale Details - Oriental Yuhong announced the sale of properties with a book value of 52.39 million yuan for only 18.49 million yuan, indicating a drastic reduction in value [2]. - The properties sold include commercial and office spaces located in Beijing and Hangzhou, with some purchased just four months prior to the sale [2][3]. - The sale prices reflect substantial discounts, with some properties sold for less than half their original value, such as a property originally valued at 4.62 million yuan sold for 3.23 million yuan [3][4]. Group 2: Financial Impact - The company expects to incur a loss of approximately 25.81 million yuan from this asset disposal, which is part of a broader strategy to accelerate cash recovery [6]. - In the first three quarters of the year, Oriental Yuhong reported a revenue of 20.6 billion yuan, a year-on-year decrease of 5.06%, and a net profit of 810 million yuan, down 36.61% [7]. - Short-term borrowings increased significantly, with a year-end balance of 6.15 billion yuan, up 33.41% from the beginning of the year [7].

Core Viewpoint - Dongfang Yuhong (002271.SZ) has announced a plan to sell part of its real estate assets, which is expected to result in a loss of approximately 25.81 million yuan. This marks the second asset disposal plan within a short period, indicating ongoing challenges in asset management and financial recovery for the company [2][8]. Summary by Sections Asset Sale Details - The company plans to sell a total of 61 real estate properties, including 11 properties located in Miyun District, Beijing, which were acquired this year. The total area of these properties exceeds 1,490 square meters [3]. - The 11 properties in Miyun were purchased to settle debts with downstream clients, with 10 of them acquired in July 2023 [3][4]. - Additionally, 50 properties located in Jianggan District, Hangzhou, are also up for sale, all purchased on December 1, 2021, comprising 38 office units and 12 apartments [3]. Financial Implications - The total sale price for the assets is approximately 18.49 million yuan, which is less than 42% of the corresponding book value. The expected loss from this transaction is 25.81 million yuan [5][6]. - The original book value of the assets is about 52.39 million yuan, with an impairment provision of approximately 8.09 million yuan, resulting in a net book value of around 44.30 million yuan [6]. Market Context - The average selling price for the properties in Miyun is below 10,000 yuan per square meter, significantly lower than the average listing price of around 22,000 yuan per square meter in the area [5][6]. - The company justifies the pricing based on market conditions, asset location, and the need for quick cash recovery, indicating a strategic shift in asset management [7]. Historical Context - This is not the first instance of Dongfang Yuhong selling assets at a loss; a previous sale in October 2023 also resulted in a loss of approximately 23.46 million yuan, which was over 10% of the company's audited net profit for the last fiscal year [8][9]. - The company has been actively selling assets to improve its financial structure and recover funds, as evidenced by a decrease in its debt-to-asset ratio from 55.57% in 2019 to 43.39% in 2024, although it rose to 50.22% in the first three quarters of 2025 [9].

Core Viewpoint - Oriental Yuhong plans to sell properties in Beijing and Hangzhou, expecting a loss of 25.81 million yuan, which is over 10% of its audited net profit for the last fiscal year [1][4] Group 1: Asset Sale Details - The company intends to sell part of its real estate holdings, including 10 properties in Beijing and 13 in Hangzhou, to improve asset liquidity and financial structure [1][3] - The 10 properties in Beijing were purchased less than 5 months ago, indicating a rapid turnover of assets [2][3] - The sale includes 3 shops and 8 office spaces in Beijing, totaling 1,492.05 square meters, with the majority acquired in July 2023 [5] Group 2: Financial Impact - The expected loss from the asset sale is 25.81 million yuan, with the original value of the assets being approximately 52.39 million yuan and a net book value of about 44.30 million yuan after impairment [3][4] - The company has previously recorded a total asset disposal gain of 173,700 yuan from other sales [4] Group 3: Market Context - The decision to sell is part of a strategic adjustment due to weak market demand and liquidity in the real estate sector, which has seen declining transaction volumes in recent years [4] - Other companies in the A-share market, such as Aerospace Software and Shanghai Phoenix, have also announced property sales, indicating a broader trend among listed firms [4]

Core Viewpoint - Amazon is changing its seller payment settlement method from "payment upon shipment" to "delivery date + 7 days" (DD+7) starting March 12, 2026, which significantly extends the cash flow cycle for sellers [1][2]. Group 1: Policy Change Impact - The new DD+7 model requires sellers to wait until 7 days after the buyer confirms receipt of the product before funds are available, directly increasing cash flow pressure on sellers, especially those with longer logistics times or limited cash flow [2][3]. - To alleviate cash flow pressure, sellers must focus on quick order response and logistics efficiency, as faster delivery will trigger the "+7" countdown sooner, accelerating cash recovery [2][3]. Group 2: Logistics Solutions - The company "开仓了" has established a self-operated warehouse network covering key areas in the U.S., ensuring that most orders are shipped from the nearest warehouse, thus reducing delivery time and enhancing cash flow recovery [3][5]. - The self-developed intelligent warehousing system optimizes inventory distribution based on historical sales data and buyer address distribution, allowing sellers to pre-position stock in various warehouses for efficient delivery [5][8]. - The company ensures that goods are shelved within 24 hours of arrival and that orders are picked, packed, and shipped within 24 hours, with packages entering the delivery network within 48 hours, maximizing delivery speed [5][8]. Group 3: Competitive Advantages - The company leverages strong local resources in the U.S. to secure advantageous last-mile delivery accounts, ensuring stable capacity even during peak sales seasons, thus preventing delivery delays [7][8]. - The combination of the intelligent system and the self-operated warehouse network creates an efficient logistics system that accelerates the delivery process and shortens the cash recovery cycle for sellers [8].

Group 1 - TBKS HLDGS has agreed to sell a property for a total consideration of 11.4624 million Malaysian Ringgit, with the transaction completed on August 25, 2025 [1] - The property consists of four parcels of vacant land designated for light industrial use, covering a total area of approximately 12,101 square meters located in Johor, Malaysia [1] - The property was previously mortgaged to a Malaysian bank, which has released the mortgage as a condition for the sale, with 1 million Ringgit set aside from the proceeds as collateral for the seller's bank financing [1] Group 2 - The company is an investment holding firm with subsidiaries primarily engaged in civil and structural engineering in Malaysia and China, as well as trading of oil and related products in China [2] - The board believes that the sale represents a good opportunity to realize the value of the vacant property at a reasonable price, enhancing the company's financial position and liquidity [2] - The terms and conditions of the sale are considered fair and reasonable, aligning with the overall interests of the company and its shareholders [2]