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Securities Times reporter Zhao Liyun
On the evening of May 23, Xinchen Technology (300542) announced that in order to further optimize the company's asset allocation, revitalize the company's assets and improve asset use efficiency, it agreed to the company's wholly-owned subsidiary Jiangsu Xinchen Information Technology Development Co., Ltd.(hereinafter referred to as "Jiangsu Xinchen") will sell the property located on the 28th floor of No. 26 Zhongshan North Road, Gulou District, Nanjing City to an unrelated third party at the market price and within the authority of the board of directors, based on preliminary calculations based on the current market price of the place where the transaction target is located.
According to disclosure, as of April 30, 2024, the original book value of the above transaction subject matter was 603pursuit3reel.6,500 yuan, accumulated depreciation of 573pursuit3reel.4,700 yuan, with a book value of 301,800 yuan.
Xinchen Technology stated that the proceeds from this asset sale will be used for the company's daily production and operations and other matters. This asset sale does not involve personnel resettlement, land leasing, debt restructuring, etc., and the company will not have related transactions or industry competition due to this asset sale transaction.
This asset sale will help the company further optimize its asset structure, revitalize existing assets, improve asset operation and use efficiency, increase cash inflows, and have a positive impact on the company's future financial situation and operating results, and will not affect the company's existing business development and profitability have an adverse impact. This transaction follows the principles of openness, fairness and fairness, and there is no harm to the interests of all shareholders. Based on preliminary calculations of the current market price of the place where the transaction target is located, the sales price of this property is expected to be no less than 10 million yuan, which is expected to increase the net profit of Jiangsu Xinchen's statement and the company's consolidated statement in 2024.
In 2023, Xinchen Technology achieved a net profit of 36.3645 million yuan, a year-on-year decrease of 30.24%. In the first quarter of 2024, the company's net profit loss was 13.2067 million yuan. However, in recent days, Xinchen Technology expects to increase its net profit for 2024 continuously.
Previously, on the evening of May 22, the company disclosed that it had received a cash dividend of 46 million yuan from its wholly-owned subsidiary Redyin. The above profit distribution will increase Xinchen Technology's 2024 parent company's net profit, but will not increase the company's 2024 consolidated statement net profit, so it will not affect the company's overall operating results in 2024.
As a low-altitude economic concept, Xinchen Technology's share price has risen significantly recently. In the recently disclosed change announcement, Xinchen Technology stated that the company has recently paid attention to the fact that low-altitude economy, as a new productive force, has received strong support from national policies and efficient response from local provinces and cities, and expects good development prospects for the industry. However, at the same time, the current low-altitude economy-related industry policies are not yet fully clear, and the industry development model still has certain uncertainties. Therefore, its development progress and effects still need to be objectively and calmly analyzed to avoid blind overheating in the short term.