Core Viewpoint - Liancheng Precision Manufacturing Co., Ltd. plans to sell industrial land and facilities for 62.13 million yuan to enhance asset efficiency and liquidity, amid slow revenue growth and recent losses [2][3]. Financial Performance - In the first half of the year, Liancheng's revenue was approximately 550 million yuan, a year-on-year increase of 2.60%, marking its only positive growth since Q1 2023 [3]. - The total cost was 568 million yuan, up 2.89% year-on-year, while the net profit attributable to shareholders after deducting non-recurring items was -17.41 million yuan, a decline of 36.30% [3]. - The sales gross margin was 12.91%, and the net profit margin was -2.17% [3]. Revenue Breakdown - Revenue from passenger vehicle parts was 109 million yuan, accounting for 19.90% of total revenue, with a significant year-on-year growth of 89.77% and a gross margin of 18.42% [3]. - Revenue from agricultural machinery and engineering parts was 167 million yuan, representing 30.44% of total revenue, down 24.50% year-on-year, with a gross margin of 9.71% [3]. - Revenue from commercial vehicle parts was 109 million yuan, making up 19.76% of total revenue, down 5.74% year-on-year, with a gross margin of 8.47% [3]. - Revenue from compressor parts was 97 million yuan, accounting for 17.73% of total revenue, with a year-on-year increase of 16.76% and a gross margin of 15.65% [3]. Cost and Expenses - Operating costs for the first half were 479 million yuan, a year-on-year increase of 4.53% [4]. - Sales expenses decreased by 18.88% to 4.61 million yuan, while management expenses fell by 6.18% to 46.53 million yuan [4]. - Financial expenses decreased by 25.53% to 15.69 million yuan, while R&D expenses increased by 24.04% to 16.31 million yuan [4]. Asset and Cash Flow - Total assets amounted to 2.33 billion yuan, with current assets of 1.06 billion yuan, including cash and cash equivalents of 217 million yuan [5]. - Investment cash inflow was 235 million yuan, primarily from cash received from investment recoveries, while outflow was 218 million yuan, mainly for purchasing financial products [6]. - Total liabilities were 1.14 billion yuan, with current liabilities of 772 million yuan, including short-term borrowings of 483 million yuan [6]. Financing Activities - Cash inflow from financing activities was 341 million yuan, all from borrowings, while cash outflow was 359 million yuan, mainly for debt repayment [7].