Core Viewpoint - Honghui New Materials (002802.SZ) conducted a public auction for real estate and vehicles, with the assistant to the chairman and the spouse of the secretary winning significant assets, raising concerns about potential conflicts of interest [1][2][10]. Auction Details - The total transaction amount from the auction exceeded 17 million yuan, with the assistant to the chairman and the secretary's spouse acquiring assets worth 771.36 thousand yuan [2][10]. - The auction included a residential property of 469 square meters and nine vehicles, conducted through a public platform, ensuring transparency [2][10]. Asset Breakdown - The residential property had a book value of 741.55 thousand yuan and was sold for 757.86 thousand yuan, while the small SUV was valued at 3.46 thousand yuan and sold for 13.5 thousand yuan, totaling 771.36 thousand yuan for both assets [3][11]. - The residential property is located in Wuxi City and included three parking spaces, with only one bidder participating in the auction [11]. Non-Related Party Transactions - Other auctioned assets, including luxury vehicles like Rolls-Royce and Bentley, were acquired by non-related parties, with total sales from these assets exceeding 10 million yuan [6][14]. - The Rolls-Royce sold for 5.728 million yuan, the Bentley for 2.097 million yuan, and another Mercedes for 2.025 million yuan [14]. Financial Performance - As of Q3 2025, the company reported a total revenue of 29.6929 million yuan, a year-on-year decrease of 13.48%, and a net profit of 3.07244 million yuan, down 30.48% year-on-year [14]. - The net profit for Q3 alone was 937.86 thousand yuan, reflecting a significant decline of 45.26% compared to the previous year [14].