Core Viewpoint - Daya Smart plans to lease its two offshore wind installation vessels, "Jinhua 01" and "Jinhua 02," to OOS International B.V. for a total rental income of approximately 347 million RMB, marking a strategic shift away from its offshore wind business due to ongoing financial pressures and operational challenges [3][5][7]. Group 1: Leasing Details - The lease agreement specifies a minimum rental period of 1095 days (about 3 years) and a maximum of 1245 days (about 3 years and 4 months), with a daily rental rate of $22,250 per vessel [4]. - If the rental period is extended, the daily rental rate will increase to $29,500 per vessel [4]. Group 2: Financial Impact - The expected total rental income of 347 million RMB will help alleviate short-term cash flow issues for Daya Smart, although it falls short of the 854 million RMB spent on acquiring the vessels [5][7]. - The company has faced continuous losses, with net profits of -170 million RMB in 2022 and -145 million RMB in 2023, and a projected loss of 108 million RMB after non-recurring gains in 2024 [6][7]. Group 3: Business Strategy Shift - The leasing of the vessels indicates a complete exit from the offshore wind business, as the company has stated that there will be no further operations in this sector during the lease period [6][9]. - Daya Smart's offshore wind operations have been unprofitable, with significant operational costs and declining revenue, leading to a strategic reevaluation of its business model [8][9].