Core Viewpoint - The company, Konggang Co., is planning to divest its construction engineering business by selling 80% of its subsidiary, Tianyuan Construction, to Beijing Konggang Economic Development Co. This move is expected to improve the company's asset quality and enhance its sustainable operating and profitability capabilities [1][2]. Group 1: Business Restructuring - Konggang Co. has initiated the divestiture of its construction engineering business after a previous attempt in December 2021 was terminated due to disagreements on key terms [2]. - The transaction is anticipated to constitute a significant asset restructuring and related party transaction, with further details to be disclosed within six months [1][2]. Group 2: Financial Impact - Following the divestiture, Konggang Co. will no longer include construction engineering in its main business operations, which currently accounts for approximately 71% of its revenue, amounting to about 344 million yuan for 2024 [2]. - The company has reported continuous losses in net profit since 2018, with the construction segment contributing significantly to these losses [3]. - In contrast, the acquisition of Tianli Power, a heating supply company, for 74.42 million yuan earlier this year is expected to stabilize the company's financial performance and enhance cash flow [3].