8, Conch New Material (000619) announced that the company intends to sell some land, houses, factory facilities and distribution equipment at No.38 Harbour Road, Wuhu Economic and Technological Development Zone, Anhui Province, through public listing, with a base price of 94.5 million yuan (including value-added tax).
The announcement shows that this transaction does not constitute a major asset reorganization stipulated in the Measures for the Management of Major Asset Restructuring of Listed Companies. As this transaction will be conducted in the form of public listing, the final counterparty and transaction price are uncertain, and it is impossible to judge whether it constitutes a related party transaction at present. This transaction still needs to be submitted to the second provisional shareholders'meeting of the company in 2025 for consideration.
Conch New Material said that the proceeds from the asset sale will be used to supplement liquidity. The main purpose of this transaction is to optimize the allocation of resources, revitalize the stock assets, focus on strategic priorities, and promote the sustainable, stable and healthy development of the company. According to
public information, Conch (Anhui) Energy Conservation and Environmental Protection New Materials Co., Ltd. was listed on October 23, 1996. The company's main business is the production, sale and scientific research and development of medium and high-grade plastic profiles, aluminium profiles, doors and windows, ecological household, moulds and other products. In terms of
performance, Conch New Material has been losing money for four consecutive years, and the loss is expected to expand in the first half of the year. From 2021 to 2024, the net profit of the company was-143 million yuan,-92 million yuan,-19 million yuan and-106 million yuan respectively. In the first half of
2025, the net profit attributable to the parent company will be -35 million yuan to -25 million yuan, with a loss of 12.0449 million yuan in the same period last year. It is estimated that the net profit deducted from non-profits will be -50 million yuan to 35 million yuan, with a loss of 22.4313 million yuan in the same period last year.
Conch New Material said that in the first half of the year, the company strengthened the adjustment of sales structure, continuously accelerated the expansion of terminal markets, increased the layout of overseas markets, continuously deepened internal cost reduction and efficiency enhancement, further increased sales in terminal and overseas markets, and further optimized the cost of key product indicators; To accelerate the development of new projects, Indonesia, Uzbekistan, Hainan and other door and window projects and Henan SCR denitrification catalyst acquisition projects were launched, and the industrial layout was further optimized.
However, due to the continuous decline in real estate market demand and the impact of market competition in the photovoltaic industry, the company's sales of plastic profiles and aluminium profiles declined year-on-year, and the company's performance is still losing money. In the
secondary market, as of the close of August 8, Conch New Material rose 0.78% to 646 yuan per share, with the latest market value of 2.850 billion yuan, a cumulative increase of more than 60% in the past year.
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