在港股私有化退市进入倒计时之际，大悦城地产以一笔重磅土地交易，引发市场关注——11月19日，该 公司以26.5亿元摘得成都市青羊区超201亩地块，地块的商业部分将打造成都第3座重资产大悦城。 "这一动作看似'逆势'，实则有其内在逻辑，反映出公司从'资本市场导向'向'资产运营导向'的深层转 变。"中国企业资本联盟副理事长柏文喜称。 补位青羊商业空白 但抢客难度尤在 青羊区稳定的产业基础、持续攀升的消费需求，与高端商业有效供应不足形成的市场缺口，为商业投资 开辟了空间，这也是大悦城地产看好该区域发展潜力、果断布局的核心原因。 根据大悦城地产11月19日的公告，其间接全资附属公司成都辰悦以26.5亿元成功摘得成都市青羊区蔡桥 街道4宗地块，总地盘面积约13.45万平方米，总计容建筑面积约30.52万平方米。 资料显示，上述4宗地块包括2宗商业服务用地、2宗住宅用地，成交楼面价分别为1780元/平方米、1.7 万元/平方米。地块将统一规划为涵盖大型商业综合体与高端住宅的项目。 其中，商业部分作为核心亮点，将打造重资产大悦城项目。项目地块紧邻光华大道与地铁4号线蔡桥 站，轨道交通的便捷性将进一步扩大项目的辐射范围。 住 ...

Financial Performance - In 2024, the company's operating revenue increased by 9.12% year-on-year, but the net profit attributable to shareholders was 93.45 million, a year-on-year loss expansion of 64.47% due to high R&D and equipment depreciation costs [1] - In Q1 2025, operating revenue grew by 6.77%, but the net profit loss expanded to 38.46 million, attributed to ongoing R&D and sampling costs, as well as increased equipment depreciation [2] - The company's financial expenses in 2024 rose by 1080.22% to 6.43 million, primarily due to new bank loans and discounts [5] Asset Management - Asset impairment losses in 2024 increased by 80.99%, mainly due to inventory write-downs and fixed asset impairments [3] - The inventory turnover rate in Q1 2025 decreased by 62.94%, prompting plans for improved inventory management [4] Cash Flow and Debt Management - In Q1 2025, net cash flow from operating activities increased by 230.25%, while cash reserves decreased by 27.13% due to increased investment expenditures [10] - The company's interest-bearing debt grew by 25.80%, with short-term loans amounting to 155 million, but the overall scale remains manageable [13] Market Strategy and Innovation - The company faces challenges from U.S.-China decoupling and increased competition, but plans to stabilize core resources and explore new markets [6][7] - The company aims to enhance R&D investment and improve product quality to increase gross margins, which were -14.13% in Q1 2025 [8][9] - The company has achieved significant results in market expansion, becoming a qualified supplier for major clients [7] Accounts Receivable Management - Accounts receivable increased significantly in 2024, with credit impairment losses rising by 230.18%, but the company maintains a strategy to control customer credit risk [7]