Core Viewpoint - The company, 日发精机, has decided to sell its 100% stake in the Italian company MCM for a symbolic price of 1 euro due to the latter's deteriorating financial condition and continuous losses since 2021 [1][2] Group 1: Acquisition and Investment History - 日发精机 acquired 80% of MCM in August 2014 for 12.64 million euros and later increased its stake to 100% by investing an additional 9.76 million euros, bringing the total investment to over 22 million euros [1] - Initially, MCM showed improvement and turned profitable after the acquisition, but it began to incur losses starting in 2021 due to global health events and geopolitical conflicts [1] Group 2: Financial Condition and Bankruptcy Proceedings - MCM's liquidity has dried up, and its operational status has worsened, leading 日发精机 to refrain from further investments and apply for bankruptcy proceedings in 2025 [2] - The Italian court approved a four-month crisis resolution process for MCM in October 2025, and after the sale, 日发精机 will no longer hold any stake in MCM [2] - The sale will result in a financial aid amounting to 911.68 million euros, which will be included in MCM's debt restructuring process, with significant uncertainty regarding recovery [2] - The estimated impact of this sale on 日发精机's net profit for 2025 is approximately 13.29 million yuan [2]