China West Construction plans to transfer 70% stake in Xijian Zhongli for 7.31 million yuan

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Summary · why it matters

China West Construction's wholly-owned subsidiary China Construction Commercial Concrete plans to publicly list and transfer its 70% equity stake in Wuhan Xijian Zhongli New Building Materials Co., Ltd. through a property rights exchange, with a reserve price of 7.31 million yuan. Since its establishment in May 2022, Xijian Zhongli's business progress has been slow, with zero operating revenue in 2025 and the first quarter of 2026, and losses of 244,000 yuan and 60,500 yuan respectively. As of the valuation base date of July 31, 2025, the appraised value of all shareholders' equity in Xijian Zhongli was 10.4456 million yuan, with an appraisal appreciation rate of 3.57%. China West Construction stated that this transaction is conducive to optimizing the asset structure and revitalizing existing assets, and will not have a significant impact on the company's financial position. The company has incurred losses for two consecutive years, with net profit attributable to the parent company of negative 263 million yuan in 2024 and negative 730 million yuan in 2025. In the first quarter of 2026, revenue was 3.18 billion yuan, down 14.92% year-on-year, and net profit attributable to the parent company was a loss of 225 million yuan.

Impact on stocks 1

Others▼ · 1 stocks

Off-coverage companies 2

武汉西建众力新型建材有限公司Private▼ Negative
Demandrelevance

The subsidiary has zero revenue and persistent losses, with slow business progress since inception.

中建商品混凝土有限公司 (China West Construction Ready-Mix Concrete Co)Private▼ Negative
Capitalrelevance

Wholly-owned subsidiary is selling its stake in a loss-making joint venture, indicating asset restructuring.

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