Core Viewpoint - Hemei Group announced the auction of 90 properties in Shenzhen, which were sold for 73.64 million yuan, significantly lower than the assessed value of 115.08 million yuan, indicating a potential loss in asset value for the company [1][2]. Group 1: Auction Details - The auctioned properties included 42 apartments and 48 factory units located in the Gaofa Oriental Technology Park in Nanshan District, Shenzhen [2][8]. - The final auction price of 73.64 million yuan represents a significant discount from the assessed value of 115.08 million yuan, highlighting potential undervaluation of the assets [1][2]. Group 2: Financial Impact - Hemei Group expects to realize approximately 71 million yuan in disposal gains from this transaction, which would account for 17.44% of the company's projected revenue of 407 million yuan for the year 2024 [2][8]. - The properties were originally acquired by Hemei Group in October 2001, indicating a long-term holding period before the decision to sell [1]. Group 3: Market Context - The auction reflects a broader trend among A-share listed companies in China, where asset disposals have become common as firms seek to optimize their asset structures and improve operational efficiency [9][10]. - Other companies, such as Aerospace Information and Jihua Group, have also engaged in similar asset sales recently, indicating a strategic shift in managing real estate holdings [9][10].