WALRUS plans to sell its under-construction factory to Huali Industrial for a price of 41.3774 million yuan
I'm LongbridgeAI, I can summarize articles.WALRUS announced that the company plans to sell unfinished construction projects to Huali Industrial for 41.3774 million yuan, expecting to generate a disposal gain of approximately 50,000 yuan, which will impact net profit by about 40,000 yuan. The construction project is located in Haining City and includes industrial land and building area. Due to the transfer of domestic orders, the company is selling the construction projects to avoid asset idleness and quickly recover funds
According to the announcement from Hai Xiang New Materials (003011.SZ), the company plans to sell the remaining portion of its under-construction factory with no clear planning for RMB 41.3774 million to Haining Huali Industrial Co., Ltd. (referred to as "Huali Industrial"). This transaction is expected to generate a disposal gain of approximately RMB 50,000, impacting net profit by about RMB 40,000.
The under-construction factory to be transferred is located on the west side of G524 National Road and the south side of Shijing Road in Haichang Street, Haining City. Specifically, it includes the state-owned land use rights area of 16,733 square meters, designated for industrial use, with a building area of 41,583.95 square meters above ground and a basement area of 214.18 square meters. Currently, the construction of this property has not been completed, and the property rights certificate has not been obtained.
The announcement stated that due to the impact of domestic orders shifting to overseas production bases, the company continues to hold all under-construction projects, which will result in asset idleness. Transferring the under-construction projects is beneficial for the company to quickly recover funds