Core Viewpoint - The company has decided to dissolve its wholly-owned subsidiary, Shanghai Beite Automotive Parts Co., Ltd., to optimize resource allocation and improve operational efficiency [1] Group 1 - The sixth board meeting of the company will be held on December 9, 2025, to review the proposal for the dissolution of the subsidiary [1] - The decision to dissolve the subsidiary is based on the current operational situation of the company [1] - The management team has been authorized to handle the related matters of the dissolution [1]

格隆汇12月4日丨神农种业(300189.SZ)公布，为贯彻落实公司中长期发展规划，进一步优化公司资源配 置、聚焦核心业务，提升资产运营效率，促进公司高质量发展，公司积极寻找产权交易所公开挂牌招商 机会，于海南产权交易所平台公开挂牌转让持有的参股公司海南波莲生物有限公司（简称"波莲生物"） 3.8%的股权，公司拟以评估机构出具的股权评估结果为依据，挂牌底价为人民币31,982,692.40元。公司 通过海南产权交易所平台获悉，上述股权受让方为北纬十八度（海南）网络科技有限公司，成交价格为 人民币31,982,692.40元。本次股权转让完成后，公司仍持有波莲生物的股权比例为16.2155%。同时授权 董事长及董事长授权人士办理本次处置股权转让涉及一切后续事宜（包括但不限于签署协议、工商变更 登记等）。 ...

Core Viewpoint - The company has announced the decision to deregister its subsidiary, Chongqing Gongyue Supply Chain Co., Ltd., to reduce management costs and optimize resource allocation [1] Group 1 - Chongqing Gongyue is a controlling subsidiary of Ningbo Xiyue Zhixing Technology Co., Ltd. [1] - The decision to deregister was made in agreement with other shareholders of Chongqing Gongyue [1]

Core Viewpoint - Wenkang Capital (600390.SH) announced a joint investment with its controlling shareholder, China Minmetals Corporation, to establish a joint venture in Beijing with a registered capital of 1 billion yuan [1] Group 1: Investment Structure - Wenkang Trust will contribute 300 million yuan, holding a 30% equity stake in the joint venture [1] - Wenkang Real Estate Holdings will contribute 700 million yuan, holding a 70% equity stake in the joint venture [1] Group 2: Strategic Objectives - The joint venture aims to enhance asset operation efficiency and effectiveness by utilizing a package of trust assets related to the real estate sector [1] - The collaboration will leverage Wenkang Real Estate Holdings' extensive experience and expertise in the real estate industry for professional management [1] - The initiative is expected to effectively revitalize existing assets and optimize resource allocation [1]

Core Viewpoint - The company has completed the deregistration of its wholly-owned subsidiary, Xiamen Keda Li Precision Industry Co., Ltd., to optimize resource allocation and reduce management costs, thereby enhancing overall competitiveness and supporting long-term development goals [1][2]. Group 1 - The decision to deregister Xiamen Keda Li was approved during the fifth board meeting held on April 16, 2025 [1]. - The business operations of Xiamen Keda Li will be integrated into another wholly-owned subsidiary, Fujian Keda Li Precision Industry Co., Ltd. [1][2]. - The company emphasizes that this action will not harm the interests of the company or its shareholders [2].

Core Viewpoint - The company, Aerospace Rainbow (002389.SZ), aims to optimize resource allocation and revitalize existing assets by selling three plots of land and associated buildings to focus on its core business of drone development [1] Group 1: Asset Sale Details - The company plans to sell the properties at a minimum price of 40,751.30 million yuan, based on an evaluation report from Beijing Tianjian Xingye Asset Appraisal Co., Ltd [1] - The sale will be conducted through a public listing on the Shanghai United Assets and Equity Exchange [1] - The transaction involves three plots of land with a total area of 153.75 acres and a total building area of 103,900 square meters [1]

Core Viewpoint - Mindray Electronics (300656.SZ) announced the transfer of 51% equity in its subsidiary Shenzhen Junan Hongtu Technology Co., Ltd. for RMB 14.8 million to Hangzhou Junhai Qichen Enterprise Management Partnership (Limited Partnership) to optimize resource allocation and focus on core business development [1] Group 1 - The company will no longer hold equity in Junan Hongtu after the transaction [1] - Junan Hongtu will be excluded from the company's consolidated financial statements following the completion of the transaction [1]

Core Viewpoint - BlueDai Technology (002765.SZ) is optimizing resource allocation and focusing on core business by transferring relevant assets related to its electric drive assembly business to Luxshare Precision Industry (Ma'anshan) Co., Ltd for a consideration of RMB 109,919,869.10, including 13% VAT [1] Group 1 - The transfer involves assets necessary for the ongoing operation of the electric drive assembly business [1] - The transaction is part of BlueDai Technology's development plan to enhance operational efficiency [1] - The assets being transferred are located at No. 199 Longshan Road, Ma'anshan Economic and Technological Development Zone [1]

Core Viewpoint - The company is divesting its underperforming subsidiary, Shandong Lushang Yinzhu Commercial Management Co., Ltd., to optimize its asset structure and focus on its core businesses in pharmaceuticals and cosmetics [1][4]. Summary by Sections Transaction Details - The company plans to sell its 100% stake in the subsidiary for 88.4028 million yuan, which is less than a 1% premium over its net asset value [1]. - The subsidiary has reported cumulative losses of approximately 1.5 million yuan for the first half of 2024 and 2025 [1]. - The transaction is classified as a related party transaction, as both parties are controlled by the same parent company [1]. Financial Performance - The subsidiary's profitability has declined, with net profits of 33,000 yuan in 2022 and 479,100 yuan in 2023, followed by a net loss of 623,500 yuan in 2024 and 876,800 yuan in the first half of 2025 [2]. - The revenue of the subsidiary primarily comes from managing internal real estate projects, but it faces challenges due to policy changes affecting state-owned capital in the real estate sector [2]. Strategic Implications - The divestiture is part of the company's strategy to streamline operations and focus on its main sectors, which are pharmaceuticals and cosmetics, following the exit from the real estate business in 2023 [2][3]. - The company aims to concentrate resources on its core businesses to better compete in the market [2][3]. - The company reported a 7.05% decline in revenue to 1.79 billion yuan in the first half of 2025, with a net profit decrease of 15.16% to 108 million yuan [3]. Business Segment Performance - The cosmetics segment generated 1.094 billion yuan in revenue, down 7.73%, with mixed performance among core brands [3]. - The "Yilian" brand saw a revenue increase of 23.78% to 554 million yuan, while the "Aier Doctor" brand experienced a 29.97% decline to 451 million yuan [3]. - The pharmaceutical segment also faced challenges, with a 13.87% revenue decrease to 207 million yuan in the first half of 2025 [3].

Core Viewpoint - The company aims to optimize resource allocation and improve overall operational conditions by transferring 100% equity of its wholly-owned subsidiary, Hangzhou Xuanyu, through a public listing on the Beijing Property Exchange [1] Group 1: Company Strategy - The transfer of equity is part of the company's strategic development plan focused on core business [1] - The transfer price will be determined based on asset evaluation [1] Group 2: Regulatory Compliance - The company will conduct a pre-disclosure of information on the Beijing Property Exchange for no less than 20 working days before the official listing [1] - The pre-disclosure does not constitute a transaction, and details such as the trading counterpart, price, and payment method are currently undetermined [1]