ZHUHAI ZHUMIAN GROUP plans to transfer 100% equity of Gree Real Estate to Toujie Holdings, which is expected to constitute a major asset restructuring

ZHUHAI ZHUMIAN GROUP plans to transfer its 100% equity in Zhuhai Gree Real Estate Co., Ltd. to Zhuhai Toujie Holdings Co., Ltd., which is expected to constitute a major asset restructuring. This transaction will be conducted in cash, will not involve the issuance of shares, and will not change the controlling shareholder and actual controller. After the transaction, the company will focus on duty-free business, reduce its asset-liability ratio, optimize its asset structure, and improve operational efficiency

Zhumian Group: Net loss of 270 million yuan in the first half of the year, compared to a loss of 550 million yuan in the same period last year

Zhumian Group: Expected net loss of 245 million to 485 million yuan in the first half of the year, compared to a loss of 780 million yuan in the same period last year

Zhumian Group: Has made a series of strategic planning arrangements for the development of the major consumer business

Zhumian Group has conducted strategic planning for the development of its major consumer business, including laying out duty-free operations in the Hainan Free Trade Port and the Hengqin Guangdong-Macao Deep Cooperation Zone, enhancing the scale of port and offshore duty-free businesses; integrating large shopping center resources, enriching consumption formats, and creating new commercial flagship brands; strengthening supply chain resources to form a full-chain platform covering procurement, warehousing, and digital marketing, establishing a business closed loop of "promoting duty-free through commerce and driving trade through duty-free."

GREE REAL ESTATE: Net loss of 90.9565 million yuan in the first quarter of 2025

GREE REAL ESTATE announced that its revenue for the first quarter of 2025 was 919 million yuan, a year-on-year decrease of 58.54%; the net loss was 90.9565 million yuan, compared to a net profit of 20.8035 million yuan in the same period last year