Group 1 - The core point of the news is that Dingxin Communications plans to sell its wholly-owned subsidiary, Qingdao Haina Smart Media Technology Co., Ltd., for 240 million yuan to optimize its asset structure and improve operational efficiency [1] - The subsidiary, Haina Smart, was established on February 27, 2025, with a registered capital of 240 million yuan and currently has no operating income or financial data [1] - The buyer, Tongchuang Huitai, is state-owned and has strong financial capabilities, with a net asset of 3.777 billion yuan as of the end of 2024 [1] Group 2 - Dingxin Communications is facing ongoing performance pressure, with an expected net loss of 190 million to 227 million yuan for the first half of 2025 [2] - The company's power business has been significantly impacted by being blacklisted by the State Grid Corporation for two years and facing a 15-month market ban from the Southern Power Grid [2] - The company has a high dependency on revenue from the State Grid and Southern Power Grid, and the loss of direct bidding orders will have a substantial impact on operations in 2025 [2]