Huafa Industrial Co Ltd ZhuhaiSubsidiary sells 60% stake in real estate project for 697M yuan; Q1 net loss of 946M yuan reported.

Huafa Industrial’s wholly-owned subsidiary, Zhuhai Huaxin Investment Development, has transferred its 60% equity stake in Zhuhai Huatong Real Estate Development to Zhuhai Wanyeweizhu Enterprise Management through a public listing process, with a transaction price of 697 million yuan. The buyer was confirmed on July 29, 2026, and the listing floor price matched the final transaction price. There are no other relationships between the counterparty and the company, and the counterparty is not listed as a dishonest judgment debtor. In the first quarter of 2026, Huafa Industrial reported revenue of 4.038 billion yuan and a net loss attributable to the parent company of 946 million yuan.
Huafa Industrial Co Ltd ZhuhaiSubsidiary sells 60% stake in real estate project for 697M yuan; Q1 net loss of 946M yuan reported.
Shenzhen Zhongheng Huafa Co Ltd Class AAcquires 60% stake in Huatong Real Estate for 697M yuan via public listing.
Wholly-owned subsidiary of Huafa Industrial; transfers 60% stake, reducing its asset base.
Target of the stake transfer; no direct impact on its own operations mentioned.