On January 23, Shenma Co., Ltd. (600810) announced that its wholly-owned subsidiary, Pingdingshan Shenma Engineering Plastics Technology Development Co., Ltd., plans to publicly transfer some of its assets through Henan Central China Equity Exchange Co., Ltd. The starting price for this asset transfer is 62.04 million yuan, and the final transaction price will be determined based on the results of the public offering. The announcement indicates that this asset transfer aims to revitalize existing assets, improve asset operation efficiency, and improve the operating conditions.

　　Pingdingshan Shenma Engineering Plastics Technology Development Co., Ltd.

　　According to the announcement, the business scope of Pingdingshan Shenma Engineering Plastics Technology Development Co., Ltd. includes manufacturing, processing, and sales: plastics, chemical fibers and their raw and auxiliary materials, R&D and promotion of nylon 66 resin synthesis technology, plastic machinery; warehousing, rubber products, chemical products (excluding hazardous chemicals), and foreign trade.

　　Equity structure is as follows:

　　As of September 30, 2024, the total assets were 676 million yuan, the total liabilities were 208 million yuan, and the total owner's equity was 468 million yuan. The operating revenue for 2023 was 638 million yuan, and the net profit was 15.69 million yuan. The assets being transferred include machinery and equipment, construction in progress, and intangible assets. The assessment results show that their book value is 61.76 million yuan, the assessed value is 62.04 million yuan, and the appreciation rate is 0.47%. This transaction is expected to help the company optimize its asset structure and resource allocation, reduce operating costs, and improve its sustainable operating capacity.

　　In the first three quarters of 2024, Shenma Co., Ltd. achieved revenue of 10.206 billion yuan and net profit attributable to the parent company of 26.67 million yuan.

　　On January 19, 2025, Shenma Co., Ltd. issued a performance forecast. In 2024, the company is expected to achieve a net profit attributable to the parent company of approximately 29 million yuan, a decrease of approximately 76.49% year-on-year and a decrease of approximately 80.60% year-on-year after restating; the net profit after deducting non-recurring gains and losses is approximately -94 million yuan, a decrease of approximately 251.41% year-on-year and a decrease of approximately 251.45% year-on-year after restating.